Aim:The study aimed to assess the reliability, sensitivity, objectivity and validity of the multiple-choice question (MCQ) Cranach's α coefficient and Guttman split-half reliability coefficient was estimated to determine the reliability level of the MCQ exams. Results: Reliability of Pharmacology exams estimated with Cronbach's α coefficient (values ranging between 0.786 and 0.884) as well as Guttman split-half reliability coefficient (between 0.807 and 0.894) showed diversity of internal consistency. The objectivity of assessment of students was analysed with the use of score thresholds, which demonstrated that the "passed/failed" cut-off point was always at the same level. The analysis of correlations between the results of MCQ Pharmacology Exams and admission exam showed no systematically occurring correlations between those variables. Conclusion: The analysis of reliability, sensitivity, objectivity and validity of the Pharmacology Exams conducted at the Faculty of Pharmacy, MUW demonstrated that, with all methodological limitations of retrospective studies, the scores of these exams might constitute a good output variable for a predictive assessment.