First Term Examination Business Studies JSS 1 JSS 2 JSS 3 Exam Questions Volume 3
BUSINESS STUDIES
FIRST TERM EXAMINATION
JUNIOR SECONDARY SCHOOLS
JSS 1 JSS 2 JSS 3 EXAM QUESTIONS
JSS BUSINESS STUDIES EXAM QUESTIONS – WORK IN PROGRESS
JSS 2 BUSINESS STUDIES EXAM QUESTIONS
Section A – Objective Questions
INSTRUCTION – Choose the correct answer from the option A – D.
1. Documents are filed in chronological order when they are arranged according to ________.
(a) dates
(b) location
(c) alphabets
(d) Numbers
2. All but one is not a duty of a receptionist.
(a) receives messages and callers
(b) Receiving visitors
(c) attending to friends
(d) handling the telephone calls
3. One of the following registers is used to show the particulars of the postage and the amount spent in postage.
(a) incoming registers
(b) outgoing registers
(c) dispatching book
(d) postage book
4. Buying on credit means ________.
(a) paying immediately
(b) hire purchase
(c) paying later
(d) paying in advance
5. Which of the following machines will be useful when dealing with a large volume of letters?
(a) printing
(b) duplicating
(c) franking
(d) photocopier
6. ________ is a place specially prepared to keep goods before they are distributed.
(a) store
(b) keeping room
(c) corridor
(d) warehouse
7. A document sent from the seller to buyer showing the description, quantity, unit price and net value of goods bought is known as ________.
(a) receipt
(b) invoice
(c) credit note
(d) cheque
8. The act of creating public awareness for goods and services is ________.
(a) warehousing
(b) announcement
(c) information
(d) advertisement
9. ________ is the buying and selling of good and services.
(a) commerce
(b) trade
(c) business
(d) exchange
10. Which of the following information is found In a business card?
(a) car number
(b) name of the holder
(c) number of children of the holder
(d) house address of the holder
11. The document sent by the seller to the buyer to correct an under charge is called ________.
(a) credit note
(b) debit note
(c) invoice
(d)statement of a/c
12. One of the following is the main branches of trade.
(a) home and domestic
(b) home and foreign
(c) wholesale and retail
(d) hawker and consumer
13. Aids to trade are those activities that facilitate ________.
(a) communication
(b) buying and selling
(c) advertising
(d) consumer
14. A document written by the seller to the buyer to correct an overcharge is ……
(a) credit note
(b) debit note
(c) invoice
(d) order
15. ________ serves an evidence of payment.
(a) invoice
(b) debit note
(c) credit note
(d) receipt
16. The book signed by people who visit an office is known as ________.
(a) visitor’s book
(b) welcome book
(c) office book
(d) time book
17. Goods imported for the purpose of exporting to another country is ________.
(a) entreport
(b) entresort
(c) entrepreneur
(d) enterpot
18. In business, risks are covered through ________.
(a) insurance
(b) advertising
(c) communicating
(d) bank
19. A place where money and other valuable things are kept is called ________.
(a) bank
(b) cornet
(c) store
(d) warehouse
20. ________ are found in markets and along the streets.
(a) stores
(b) shops
(c) stalls
(d) complex
Section B – Theory
INSTRUCTION – Answer any four questions.
QUESTION 1
A. List five ways a receptionist can receive and treat a visitor.
B. List and briefly describe the documents handled by a receptionist.
QUESTION 2
A. What is filing?
B. List five rules for filing.
C. Arrange the following names in order alphabetical filing –
- Abuja Developmental Council
- J. R. Gana
- Sunsweet Bottling Company
- Daily star Limited
- Dr. Ayo Aderibigbe
- Atunrase Carpets
- Jonavic Media
- Mr. OsitalWanodi
QUESTION 3
A. Name five functions of the Nigerian Customs service
B. Differentiate between a shop and a stall.
C. How many types of market are there in Nigeria? List them.
QUESTION 4
A. What are office documents?
B. What is the difference between a credit note and a debit note?
C List the sales documents.
D. List the purchases documents.
E. An invoice is usually made out in ________ copies.
QUESTION 5
A. What is buying?
B. List three methods of buying.
C. Explain each method listed above.
JSS 3 BUSINESS STUDIES EXAM QUESTIONS
Section A – Objective Questions
INSTRUCTION – Choose the correct answer from the option A – D.
1. Banking, insurance, advertising, communication etc are known as ________.
(a) production activities
(b) aids to trade
(c) sales activities
(d) commercial activities
2. We care for typewriters in order to ________.
(a) make it look shining
(b) maintain it to the last
© type more paper
(d) look beautiful
3. The factors of production are ________, ________, ________ and ________.
4. The following are means of communication within an organization except ________.
(a) telex
(b) memo
(c) intercom
(d) circulars
5. Which of the following is not an example of an item on the debit side of trial balance?
(a) Purchases
(b) Wages
(c) Discount allowed
(d) Discount received
6. The law enacted by the government to protect consumers include all of these except ________.
(a) Food and Drug Act 1965
(b) Price control Decree 1970
© Standard organization Decree 1971
(d) Price control Board
7. Ade made a budget of N5200 and spent N4800. What is the balance left with Ade?
(a) N200
(b) N400
(c) N600
(d) N800
8. Bank overdraft is recorded in the ________.
(a) debit side of the trial balance
(b) debit side of the trading account
© credit side of the trial balance
(d) credit side of the trading account
9. Trial balance is prepared to get the arithmetical accuracy of the ________.
(a) journal entries
(b) trading entries
(c) balance sheet entries
(d) ledger entries
10. The advertising media usually found on strategic points and city centre are ________.
(a) billboards
(b) journal
(c) newspapers
(d) radio
11. ________ is a situation whereby one tries to be moderate in spending and in buying.
(a) Personal saving
(b) Transparency
(c) Budgeting
(d) Don
12. If an article costs N480 and the profit of it is 20%, what is the selling price?
(a) N96
(b) N384
(c) N576
(d) N672
13. Oral communication can be made through ________.
(a) ordinary letter
(b) telephone
(c) telegram
(d) registered letters
14. The intercom system is used for making ________.
(a) internal calls
(b) international calls
(c) national calls
(d) local calls
15. One of these is not a postal service handled by NIPOST.
(a) E-mail service
(b) airmail service
(c) parcel posts
(d) provision of PMB
16. All these are GSM operators in Nigeria except ________.
(a) DHL
(b) Airtel
(c) MTN
(d) GLO
17. The following are means of water transportation except ________
(a) canoes
(b) ships
(c) launches
(d) footbridge
18. One of these is not a means of land transportation.
(a) Donkeys
(b) Steamer
(c) Trailer
(d) Rail
19. The following are means of advertising except ________.
(a) internet
(b) billboard
(c) traveling
(d) newspaper
20. Calls made within a town or a city but within a country are called ________.
(a) trunk calls
(b) local calls
(c) home calls
(d) city calls
Section B – Theory
INSTRUCTION – Answer any four questions in this section.
QUESTION 1
A. Briefly explain the word Advertising.
B. List two items of print media of advertising.
C. List two items of electronic media of advertising.
D. Mention two advantages of advertising.
QUESTION 2
A. Explain the term transportation.
B. List five types of transportation
C. Give two reasons why you would prefer water transportation to rail transportation.
D. Mention two disadvantages of air transportation.
E. Mention two advantages of pipeline transportation.
QUESTION 3
A. What is communication?
B. List four means of communication.
C. List four services provided by the internet.
D. List four services from NIPOST.
E. List four services provided by NITEL.
QUESTION 4
A. Who is a consumer?
B. Define consumer protection.
C. Why is it necessary to educate the consumers about their protection?
D. Mention four agencies established for the protection of consumer interests in Nigeria.
QUESTION 5
A. Define personal finance.
B. List two sources of finance for an individual.
C. Define the following terms:
- Consumption
- Choice
- Scale of preference
- Modesty
D. List out two attributes of modesty.