Third Term Examination
Subject : Business Studies
Class : JSS 2
SECTION A: OBJECTIVE TEST
1. The _____________ is a method of internal communication between members of the same Organisation. (a) letter (b) memo (c) Business letter (d) compact disk
2. One of the methods of copying documents isby the use of ____________ (a) carbon paper (b) floppy disk (c) flash drive (d) compact disc
3. Which of these is not found in a memo? (a) form (b) subject (c) date (d) salutation
4.Communication within the office can be through _____________. (a) telephone (b) face-to-face (c) memos (d) All of the above
5. Which of the following information is found in a business card? (a) card number (b) name of the holder (c) house address of the holder (d) number of children of the holder
6. The following losses can be insured, except __________. (a) gambling (b) life (c) accident (d) burglary
7. What is the meaning of the sign ‘run on’ in tge margin of a manuscript? (a) Uppercase (b) Do not begin a new paragraph (c) Begin a new paragraph (d) Begin a new page
8. ____________ are those words written as a title at the top of a piece of writing or at the top of each part of the writing. (a) Titles (b) Subtitles (c) Headings (d) Displays
9. All these departments can be found in a large organization, except ____________. (a) Sales department (b) Purchase department (c) Finance department (d) Negotiation department
10. The amount of money I paid to get insurance cover is known as ___________. (a) payment (b) premium (c) cash (d) naira
11. What is the meaning of the sign ‘NP’ in the margin of a manuscript? (a) New page (b) New paragraph (c) No page (d) No paragraph
12.. Which of these is NOT a service provided by the Commercial bank? (a) Preparing letters of credit for customers (b) Accepting deposits (c) Lending money in the form of overdrafts or loans (d) Issuing of currency
13. The impress account is also known as the ____________. (a) cash account (b) sales day book (c) invoice (d) petty cash account
14. What is the meaning of the sign ‘uc’ in the margin of a manuscript? (a) Reverse the order (b) Underscore (c) lower case (d) upper case
15.The cash book has _________ sides. ? (a) two (b) three (c) one (d) four
16. What is the meaning of the sign ‘trs’ in the margin of a manuscript? (a) Reverse the order (b) Upper case (c) Order of reverse (d) Begin a new paragraph
17. Which bank controls all other banks in the country? (a) The African bank (b) The Nigeria bank (c) The Central bank (d) The Control bank
18. The money given to a petty cashier is referred to as ____________. (a) cash (b) cash float (c) float cash (d) float
19._______________ serves as an evidence of payment. (a) Invoice (b) Debit note (c) Credit note (d) Receipt
20. The full meaning of ‘TAP’ is _______________ (a) Transparency All Probity (b) Teaching And Playing (c) Transparency Accountability and Probity (d) Transparent Account and People
21. One of the attributes of people with the right attitude to work is __________. (a) laziness (b) lateness (c) punctuality (d) inconsistency
22. How many types of cash book do we have? (a) 1 (b) 4 (c) 2 (d) 3
23. The Central bank is a ____________. (a) private bank (b) commercial bank (c) government bank (d) Agricultural bank
24 On the 2nd March 2014, a cash sale of #80000 will be recorded as ____________ (a) Dr Cash A/C and Dr Sales A/C (b) Cr Cash A/C and Dr Sales A/C (c) Cr Cash A/C and Cr Sales (d) Dr Cash A/C and Cr Sales A/C
25 How many methods of paragraphing do we have? (a) 1 (b) 2 (c) 3 (d) 4
26. Banks lend money to their customers in the form of __________. (a) loans (b) savings (c) cheques (d) expenditures
27. One of the methods of paragraphing is ____________. (a) slant (b) page (c) block (d) bottom
28. Assuming that an organisation received #70, 000.00 for sales from a customer on the 20th of August, 2007. What is the posting to be made? (a) Credit the cash book (b) Debit the cash book (c) Debit account book (d) Credit accounts book
29. What is the meaning of the sign ‘N’ in the margin of a manuscript? (a) Lower case (b) Upper case (c) Insert a line (d) Insert space
30. What is the meaning of the sign ‘stet’ in the margin of a manuscript? (a) Upper case exemption (b) Lower case exemption (c) Let it stand (d) Strike out exemptions
SECTION B : THEORY
INSTRUCTION: Answer question one (1) and any other two (2).
1. Enter the following transactions into Ngozi’s petty cash book having analysis columns for office expenses, motor expenses sundry expenses and ledger accounts. Amount spent is reimbursed on 31st May, 2022.
May 1 Received cash float of #2, 200
May 2 Hotel bills #250
May 5 Petrol #150
May 8 Stationery #165
May 12 Chinedu O. Ledger account #300
May 15 Postage #65
May 19 Stationery # 70
May 22 Sundry expenses #105
May 24 Postage #50, Stationery #20, Sundry expenses #50
2a) Briefly explain how to create a table with a computer
b.) Explain the functions of the computer Enter key
3a. What is paragraphing?
b.) Why do organizations sometimes use the hanging paragraph?
c.) Write the format of the following:
i. Blocked paragraph
ii Indented paragraph
iii. Hanging paragraph