Yes, it is possible:
List<MyType> data= GetStuffFromLinqHere();
View, where you want the list::
@Html.DropDownListFor( model => ViewBag.ValueYouWantTheSelectedValueToBeIn, ViewBag.DropDownSelectList)
Obviously, I can't give meaningful names as I don't know what your are doing exactly.
is the name of the property you want in the Id of the list item, similarly
is the name of the property you want to display in the DDL.
is where you want the selected value to be placed when the form is submitted.
Additionally, you may have a view model, in which case don't used the
any you should sort the List either in or after the
method call. If you have a complex id or description, you should either create a view model to handle it, or add a property to the type the Linq contains in the list.