Business Studies Examination Questions
Business Studies Examination Questions
Business Studies Examination Questions
3. The department which deals with staff matters is ______ (a) personnel
department (b) finance department (c) purchasing department (d) sales
department
4. Labour is rewarded with ______ (a) rent (b) profit (c) capital (d) wages
and salaries
5. A retailer is the one who ______ (a) specializes in industrial goods (b)
sells to wholesalers (c) buys in small quantities from the wholesaler and
sell to the consumer in units (d) none of the above.
7. The fastest means of transportation is _______ (a) land (b) air (c)
pipeline (d) water.
8. One of the following is not an office equipment. (a) printer (b) perforator
(c) recharge card (d) typewriter.
9. A telephone operator must be _______. (a) heady (b) neat (c) kind (d)
polite
10. C.O.D means _______ (a) cost of delivery (b) cash on delivery (c) cash
of delivery (d) cash on delay
11. Aids to trade consists of ______ (a) banking (b) insurance (c)
advertising (d) all of the above
12. One of the following is not an element of Business studies? (a) book
keeping (b) physics (c) keyboarding (d) commerce
13. Which of the following is not extractive occupation? (a) farming (b)
fishing (c) mining (d) driving.
14. A type of advertising meant for the public to introduce new products is
called _____ (a) informative (b) persuasive (c) competitive (d) mass and
specific
15. The method in which duties are carried out in respect of performance
of business activities of an organization is called _______ (a) office
procedure (b) business studies (c) service render (d) office performance
16. One of the functions of the Central Bank of Nigeria is to ______ (a)
give loans to traders (b) carry money from Lagos to Abuja (c) print passport
photographs (d) mint country’s currencies
17. Which of the following is not used for transporting goods and people on
seas? (a) canoe (b) ferry (c) trailer (d) boat
18. The following are examples of advertising media except _____(a) radio
(b) television (c) textbook (d) magazine
19. The following are procedures for making payment except _____ (a)
payment by bank draft (b) payment by cash (c) payment by receipt (d)
payment by cheque
20. The money used in starting business is called _______ (a) cash at
hand (b) cash at bank (c) cheque (d) capital
21. Coal mining is an example of _____ (a) direct service (b) tertiary
production (c) indirect service (d) extractive industry
24. Furnitures and fittings are examples of _____ assets (a) fixed (b)
current (c) circulating (d) floating
27. Moving goods from Nigeria to Ghana is called _______ (a) export
trade (b) gift of unit (c) import trade (d) production (e) retail trade
28. The act of passing information from one place to the other is called
_____ (a) ware housing (b) communication (c) advertising (d)
transportation
29. A type of business owned and run by one person is known as _____
(a) co-operative (b) sole proprietorship (c) company (d) partnership
30. Division of labour _______ output (a) decreases (b) disallows (c)
increases (d) releases
32. A trade between two or more countries is called _____ (a) international
trade (b) local trade (c) domestic trade (d) home trade
33. Another name for home trade is _______ (a) foreign trade (b)
international trade (c) cosmetic trade (d) domestic trade
34. The following are documents used in buying and selling except
______ (a) order (b) catalogue (c) invoice (d) visitor’s book
35. The money used to start business is recorded on which side of the
cash book? (a) debit side (b) credit side (c) creditor side (d) debtor side
36. A/C means ____ (a) accompany (b) account (c) accountant (d)
acquired
37. The apex bank in Nigeria is ______ (a) Zenith bank (b) Federal Apex
Bank (c) National Apex Bank (d) Central Bank of Nigeria
38. Exchange of goods for goods is called ______ (a) barter (b) sales (c)
trade (d) butter
39. The following can be insured against except _______ (a) gambling (b)
goods (c) building (d) life
40. The following businesses are legal except ______ (a) carpentry (b)
smuggling (c) teaching (d) trading
41. Petty cash book is used to _______ (a) record minor expenses (b) pay
staff salaries (c) record goods sold on credit (d) record bank transactions
42. Asset means _______ (a) properties (b) liabilities (c) debtor (d) creditor
43. The person who owns, runs and establishes business is called
_______ (a) entrepreneur (b) diligence (c) hardworking (d) coordinator
44. The physical counting of the stock in the store at a particular time is
known as _____ (a) stock record (b) stock taking (c) stock control (d) stock
working
45. A telephone call within a town is called ______ (a) emergency (b) trunk
(c) local (d) sudden
46. A method of paragraphing where all lines start at the margin is known
as _________ (a) hanging paragraph (b) block paragraph (c) indented
paragraph (d(open paragraph
48. _______ are entered on the debit side of profit and loss accounts. (a)
expenses (b) income (c) cash (d) losses
49. All the following are natural products except _______ (a) groundnut (b)
timber (c) ships (d) cotton
52. The place where typewriters are kept is called _______ (a) store room
(b) typing house (c) typing pool (d) typing room.
53. Olufolabi has N 800 in her bank account but withdraws N 1200. How
much overdraft have been granted to her (a) N 1000 (b) N 800 (c) N 700
(d) N 400
54. A clerical staff performs the following functions except _______ (a)
direct visitors to executive’s office (b) laundering for the boss (c) file
documents (d) running official errands
55. The aid to trade that involves the movement of goods and people to
where they are needed is ______ (a) communication (b) transportation (c)
banking (d) advertising
57. A trial balance shows the _______ of all entries in ledger accounts (a)
asset accounts (b) arithmetical accuracy (c) balance (d) mathematical
calculations
58. The document used for withdrawal of cash from current account is
______ (a) ATM (b) cheque (c) counter cheque (d) pay slip
59. The chemicals with household uses and can be purchased in local
stores is called _________ (a) toxic chemicals (b) dangerous chemicals (c)
suitable chemicals (d) hazardous chemicals
60. Irregularity at work may attract ______ (a) punishment (b) favour (c)
promotion (d) transfer.
Dr. Cr.
Sales. 28,800
Purchases. 23,800
5a. Write short note on the following : i. Balance sheet ii. Profit and loss
account
b. Draw the comprehensive format for trading, profit and loss account
BUSINESS STUDIES
EXAM QUESTIONS FOR
JSS3 FIRST TERM
FIRST
to the _______ office. (a) Accounts (b) personnel (c) production (d)
purchasing
4. Clerical duties are BEST performed in ______ (a) company (b) market
(c) ministry (d) office.
5. How many types of office do we generally have? (a) Five (b) four (c) six
(d) two.
10. An office which is run successfully shows that every member of staff
works _____ (a) in the office (b) as a team in the office (c) individually in
the office (d) in groups in the office
11. Which of the following is not a reward for being truthful? (a) Bad
reputation (b) good reputation (c) promotion (d) useful suggestion
12. The person that is the sole provider of business capital and suffers
losses alone is called a _____ (a) partner (b) salesman (c) trader (d) sole
proprietor
13. Mrs Omitunde bought stationeries from a bookshop and pays cash. The
book seller will give her _____ (a) an invoice (b) an order (c) a voucher (d)
a receipt
14. The Head of the sales department is _____ (a) purchases manager (b)
sales manager (c) personnel manager (d) chief marketer
15. An insurance policy that covers accidents on sea is known as _____ (a)
fire insurance (b) life assurance (c) marine insurance (d) burglary insurance
17. The space allowed at the edge of a document to make it more attractive
is called _____ (a) attraction (b) margin (c) designs (d) orientation
18. A bookkeeper must possess all the following qualities except ______
(a) he must write clearly (b) he must be doubtful in in calculation (c) he
must be intelligent (d) he must be accurate in calculation
19. The minimum member that you can find in partnership business is ____
(a) two (b) four (c) seven (d) twelve
21. The book signed by the people who visit an organisation is known as
_____ (a) visitor’s book (b) welcome book (c) office book (d) time book
22. Insurer in insurance business is the _____ (a) insurance company (b)
agent of the insured (c) broker of the insured (d) risk giver
23. An introductory card is another name for _____ (a) business card (b)
quotation form (c) requisition form (d) inventory form
25. ______ type of insurance deals with stealing. (a) burglary (b)
comprehensive (c) assurance (d) third party
26. The method of of classifying files are the following except ________ (a)
chronological (b) geographical (c) alphabetical (d) sorting
27. Production is said to be _____ (a) changing the forms of raw materials
(b) creation of only services (c) creation of goods (d) creation of goods and
services so as to satisfy human wants
29. Petty cash book is used to record ______ (a) bank transaction (b)
minor expenses (c) staff salary (d) credit sales
31. Which office machine is used to hold two or more papers together? (a)
perforator (b) stapler (c) nail (d) office pin
32. The process whereby documents are kept for future reference is called
_____ (a) bookkeeping (b) filing (c) banking (d) warehousing
33. The following are expected of receptionist except _____ (a) dedication
to duty (b) politeness (c) rudeness (d) tolerance
34. Which of the following is not part of business studies? (a) commerce (b)
office practice (c) bookkeeping (d) mathematics
35. The source document that serve as evidence that money has been paid
is _____ (a) receipt (b) debit note (c) credit note (d) invoice
36. An office machine used to store data to bring out information is called
_____ (a) printer (b) computer (c) typewriter (d) scanner
39. Handwritten materials which are ready for keyboarding are regarded as
_____ (a) carbon paper (b) waste (c) manuscript (d) material
42. Aids to trade are those activities that facilitates _______ (a)
communication (b) buying and selling (c) advertising (d) consumers
43. The mail clerk must ensure that the person who receives the letter
______ the despatch book. (a) tears (b) folds (c) signs (d) sorts
45. One of the following is the main branch of trade. (a) home and foreign
(b) home and domestic (c) wholesale and retail (d) hawker and consumer
46. All goods returned to the supplier due to damage are recorded in
_______ (a) sales journal (b) purchases journal (c) return inward journal (d)
return outward journal
47. The advertising media usually found on strategic points along major
roads and cities are called _____ (a) billboard (b) journals (c) newspaper
(d) handbills
49. An envelop sealing machine is most likely to be found in _____ (a) post
office (b) supermarket (c) mail room (d) principal’s office
50. The industries that turn raw materials into finished goods is called
_____ (a) mining industries (b) construction industries (c) coal industries (d)
manufacturing industries
SECTION B
2. (a) Define transportation. (b) List and discuss four (4) modes
of transportation.
(c) With the aid of diagram, show the flow of communication
(b) List three (3) traditional and five (5) modern means of
communication.
4. (a) Define business goal. (b) Explain four (4) factors that
enhances business goal.
BUSINESS STUDIES
5. …………………………………………………………………..
6. …………………………………………………………………..
7. ……………………………………………………………………
8. ……………………………………………………………………
9. …………………………………………………………………….
image [b] office [c] turn down [d] none of the above
1. Advertised goods get faster and longer sales [a] true [b] false [c] A
and B [d] none of the above
2. A good transportation system is fast but not comfortable [a] true [b]
false [c] A and B [d] none of the above
16.
………………………………………………………………………………………
………………………………..
17.
………………………………………………………………………………………
…………………………………
18.
………………………………………………………………………………………
…………………………………
● Letters are taking to the post office for proper posting [a] true [b] false
[c] maybe [d] no idea
● A buyer can make payment for the goods bought online [a] false [b]
yes [c] don’t know
● all of the above
● Protection of consumers’ rights and interests is a vital function of
government [a] yes [b] no [c] don’t know [d] none of the above
● The main account in a double –entry book keeping is generally called
………….. [a] leader
● The credit balance is on the ………………. Hand side [a] up [b] right
[c] left [d] down Say whether the statements are TRUE OR FALSE
THEORY
2a. List four procedures of making payment preparing bills and invoice.
1. Communication
1. Advertising
1. Transportation
Bii. What is the purpose of trial balance. Biii. Name two uses of
trial balance.
NAIRA KOBO
Mar 1 brought down at the end of Feb. 42,800 00
Enter the transaction in the ledger, check in the double –entry and make
out a trial balance. Prepare trading profit and loss account to ascertain the
profit gross and net profit.
BUSINESS STUDIES
EXAM QUESTIONS FOR
JSS2 FIRST TERM
FIRST TERM EXAMINATION
TIME: 2HRS
CLASS: JSS 2
1. A written document issued by a drawer to the bank to pay an amount of
money is called _____ (a) Teller (b) Cheque (c) Cash (d) voucher
2. The processes through which new products are brought to the notice of
the public is known as ______ (a) Commerce (b) transport (c) insurance (d)
advertising
5. ______ is a book of original entry (a) balance sheet (b) trading account
(c) journal (d) bank account
6. A banker’s bank in Nigeria is the ______ (a) First bank (b) National bank
(c) Central bank (d) Nigeria bank
8. Journal is a book of_______ (a) Last entry (b) middle entry (c) duplicate
entry (d) first or original entry
9. _____ is the principal book of account (a) invoice (b) credit note (c) debit
note (d) ledger
10. ________ can be referred to the situation in which a person says only
what is true (a) honesty (b) truthfulness (c) facts (d) forthrightness
11. One of the following is NOT an aid to trade (a) Banking (b) Insurance
(c) Advertising (d) Stock
12. What is a buyer given for purchasing goods from seller? (a) An order
(b) an invoice (c) a receipt (d) A letter of enquiry
13. _______ is the path through which goods move from the producer to
the consumers (a) channel of distribution (b) advertisement (c)
transportation (d) communication
14. ______ are traders who usually move from one place to the other or
from one street to the other to make their goods available to people (a)
sellers (b) traders (c) hawkers (d) retailers
16. The type of account that we use cheque to with draw from is ______ (a)
fixed deposit (b) cash account (c) current account (d) savings account
17. The following agents are involved in distribution except ______ (a)
Producers (b) wholesaler (c) retailer (d) hawker
18. The following documents facilitates easy transaction when buying and
selling except_____ (a) letter of equiry (b) price list (c) catalogue (d)
internet
19. _______ are activities that facilitates trade (a) aids to trade (b)
advertising (c) insurance (d) warehousing
20. _______ buys goods in small quantities from the wholesaler and sells
in smaller quantities to the consumer (a) hawker (b) producer (c) retailer (d)
wholesaler
21. All are the qualities of a good receptionist except _______ (a) must be
polite (b) must be punctual (c) must be lazy (d) must learn to relate with
people
22. The following are components of Business Studies except ______ (a)
Economics (b) Commerce (c) trade (d) keyboarding
23. The following are material used for caring for typewriter except
_______ (a) machine oil (b) duster (c) rag (d) metylated spirit
24. Which of the following pairs are the major duties of a receptionist? (a)
gossiping and receiving callers (b) handling the telephone and posting
letters (c) receiving caller and handling the telephone (d) smiling and
conversing with visitors
25. Work means ______ (a) any activity a person does to earn a living (b)
what a person plan to do (c) enjoying yourself and making other a happy
(d) buying things for business to make profit
26. Right attitude to work means ______ (a) knowing your work well (b)
having a positive mind set at the place of work (c) grudgingly finishing the
work you are given (d) not doing your work
27. The purpose of postage book is to ______ (a) enter incoming letters (b)
enter the despatch letters (c) enter the weight of the letters (d) keep record
of cost of postage
29. The following is one of the sales document (a) invoice (b) order form (c)
return outwards (d) purchases journal
30. The image of organisation can best be promoted by the______ (a) clerk
(b) director (c) general manager (d) receptionist
31. A business card will provide which of the following information? (a)
goods supplied (b) list of business closed down (c) names of visitors (d)
place of business and telephone number
32. The following are correspondence books except ______ (a) despatch
book (b) postage book (c) mail inward book (d) garbage book
33. Those who buys goods to satisfy their wants are referred to as ______
(a) producers (b) retailers (c) consumers (d) wholesalers
34. ________ and _______ are called the middlemen. (a) consumers and
producers (b) consumers and retailers (c) wholesalers and retailers (d)
producers and retailers
35. ________ are referred to as the bulk breaker. (a) consumers (b)
producers (c) wholesalers (d) retailers
36. The following are types of market except______ (a) Open market (b)
Commodity Market (c) Foreign Exchange Market (d). Capital Market.
37. _______ is a room where goods are displayed for sales. (a) Shops (b).
Capital market (c) Open market (d). Stall market.
40. All the followings are the guidelines for handling chemical products
except _______ (a) All boxes containing chemicals should be kept closed
during storage or when not in use (b) there should be no eating or bringing
of food inside the storage area for chemicals and other hazardous
substances (c) All the vendors can eat and drink anyhow in the warehouse
(d) all of the above
SECTION B
FIRST TERM
4. Office staff is otherwise known as _____ (a) clergy (b) cleaner (c)
messenger (d) clerical staff
6. Which of the following is not a reward for being truthful? (a) good
reputation (b) bad reputation (c) promotion (d) increase in salary
7. The following are rewards for punctuality and regularity except ______
(a) greater productivity (b) high performance (c) laughter (d) awards
8. Work is also known as ______ (a) walk (b) job (c) driving (d) account
9. Re-exporting of goods brought into Nigeria to other countries is known
as _____ trade. (a) entrepôt (b). export (c) import (d). retail
11. The principal’s office is an example of ____ office. (a) big (b) close
(c) large (d) small
14. Which of the following are divisions of home trade? (a) Private and
Commercial (b) Retail and commercial (c) Wholesale and Retail (d)
Retail and Private
17. The process of moving people and goods from one place to another
is_____ (a) advertising (b) banking (c) communication (d)
transportation
18. Official communication is not the exchange of ____ (a). ideas (b)
information (c) jokes (d) news
20. Foreign trade consists of ——- parts. (a) 2 (b) 3 (c) 4 (d) 5
21. The essential qualities of a clerical staff consists of the following except
being ____ (a) dishonest (b). gentle (c) honest (d). polite
22. Trade within a country is known as ____ trade (a) boundary (b).
foreign (c) home (d) international
23. Which of these sections does not belong to personnel department? (a)
Interview programme (b). promotion and discipline (c) Re-assignment of
staff (d) Wages and salaries
24. The two types of office layout are____ (a) open and close office (b)
small and large office (c) open and small office (d) large and closed
office
25. ______ department is responsible for buying all the materials and
equipment needed by the organization. (a) Accounting (b) Sales (c)
Purchasing (d) Administrative
26. The following are attributes of truthfulness except _____ (a) consistent
behaviour (b) steadfastness (c) straightforwardness (d) greed
27. Production is not complete until it get to _____ (a) wholesaler (b)
retailer (c) consumer (d) agent
28. One of the following is NOT an aid to trade. (a) Banking (b) Insurance
(c) Advertising (d) Stock
29. _______ can be referred to as the situation in which a person says only
what is true. (a) honesty (b) truthfulness (c) facts (d) forthrightness
30. _______ is the creation of goods and services. (a) personnel (b)
product (c) production (d) purchasing.
SECTION B
(b) Explain the two types of office in an organization and give two (2)
examples of each of them.
(b) Write short note on any four (4) departments that can be found in an
organization.
BUSINESS STUDIES
EXAM QUESTIONS FOR
JSS1 FIRST TERM
JSS1 FIRST TERM BUSINESS STUDIES EXAMINATION QUESTIONS –
EDUDELIGHT.COM
FIRST TERM
6. Which of the following is not a reward for being truthful? (a) good
reputation (b) bad reputation (c) promotion (d) increase in salary
7. The following are rewards for punctuality and regularity except ______
(a) greater productivity (b) high performance (c) laughter (d) awards
8. Work is also known as ______ (a) walk (b) job (c) driving (d) account
11. The principal’s office is an example of ____ office. (a) big (b) close
(c) large (d) small
14. Which of the following are divisions of home trade? (a) Private and
Commercial (b) Retail and commercial (c) Wholesale and Retail (d)
Retail and Private
17. The process of moving people and goods from one place to another
is_____ (a) advertising (b) banking (c) communication (d)
transportation
18. Official communication is not the exchange of ____ (a). ideas (b)
information (c) jokes (d) news
20. Foreign trade consists of ——- parts. (a) 2 (b) 3 (c) 4 (d) 5
21. The essential qualities of a clerical staff consists of the following except
being ____ (a) dishonest (b). gentle (c) honest (d). polite
22. Trade within a country is known as ____ trade (a) boundary (b).
foreign (c) home (d) international
23. Which of these sections does not belong to personnel department? (a)
Interview programme (b). promotion and discipline (c) Re-assignment of
staff (d) Wages and salaries
24. The two types of office layout are____ (a) open and close office (b)
small and large office (c) open and small office (d) large and closed
office
25. ______ department is responsible for buying all the materials and
equipment needed by the organization. (a) Accounting (b) Sales (c)
Purchasing (d) Administrative
26. The following are attributes of truthfulness except _____ (a) consistent
behaviour (b) steadfastness (c) straightforwardness (d) greed
27. Production is not complete until it get to _____ (a) wholesaler (b)
retailer (c) consumer (d) agent
28. One of the following is NOT an aid to trade. (a) Banking (b) Insurance
(c) Advertising (d) Stock
29. _______ can be referred to as the situation in which a person says only
what is true. (a) honesty (b) truthfulness (c) facts (d) forthrightness
30. _______ is the creation of goods and services. (a) personnel (b)
product (c) production (d) purchasing.
SECTION B
(b) Explain the two types of office in an organization and give two (2)
examples of each of them.
(b) Write short note on any four (4) departments that can be found in an
organization.