First Term Examination
Class : JSS 3
Subject : Business Studies
Duration :
Instruction: Answer all questions.
Section A : Objective Questions
1. The following are components of Business Studies EXCEPT ___________. (a) Commerce (b) Book keeping ) c) Social Studies (d) Office practice
2. Which of the following is not likely a career in Business Studies? (a) Banking (b) Architecture (c) Keyboarding (d) Office practice
3. A place where the activities of an organization are co-ordinated is called ________. (a) room (b) an office (c) apartment (d) warehouse
4. All the following are aids-to-trade, Except __________ (a) ware housing (b) banking (c) insurance (d) housing
5. Those that can be easily influenced when decisions are taken are regarded __________ (a) partial (b) honest (c) competent (d) impartial
6. The ability of an individual to behave in an innocent way devoid of cheating and complying with set rules and regulations is called __________ (a) truthfulness (b) ego (c) equity (d) fair play
7. The essential qualities of a clerical staff can be classified into ______. (a) 2 (b) 3 (c) 5 (d) 6
8. Government ministries in various states are headed by ________. (a) Commissioners (b) Directors (c) Director General (d) Ministers
9. An office that can accommodate twenty workers, can be called _________ (a) small office (b) principal’s office (c) large office (d) staff office
10. A genera office can be called ________ (a) open office (b) closes office (c) bursar’s office (d) warehouse
11. To avoid information received being forgotten, it should be ________ (a) recorded (b) arranged (c) typed (d) communicated
12. All activities that make it possible fir consumers to get goods and services to satisfy their wants is called ________ (a) production (b) supply (c) market (d) occupation
13. Production involves goods and ________ (a) services (b) banking (c) books (d) clothes
14. An important document should be mailed by __________ (a) ordinary mail (b) registered mail (c) air mail (d) post office
15. Which of the following can be regarded as a middleman in the chain of distribution? (a) producer (b) importer (c) consumer (d) retailer
16. All of these are direct services except __________ (a) policemen (b) farmers (c) musician (d) actors
17. The aids-to-trade which helps businessmen in internal and external financial transaction is ___________ (a) advertising (b) banking (c) insurance (d) transportation
18. All the following are export crops in Nigeria, except _________ (a) palm products (b) cotton (c) melon (d) rubber
19. A trade between Nigeria and Ghana is called __________. (a) home trade (b) foreign trade (c) import (d) export
20. Raw materials used by manufacturing industry are gotten from ________ (a) extractive industry (b) manufacturing industry (c) constructive industry (d) commercial industry
21. The fastest means of transportation is by ________ (a) road (b) water (c) air (d) train
22. A means by which people and goods are conveyed from one place to another is called (a) insurance (b) transportation (c) trading (d) marketing
23. Advertisement placed on the _______ can be easily assessed anywhere in the world. (a) internet (b) television (c) bill board (d) sales van
24. Which of the following is not an office equipment? (a) holding manager’s clothes (b) perforator (c) photocopier (d) cooking pot
25. A petty cashier receives a cash float of #1200, if he pays #750 from the float, he will therefore be reimbursed with another ________ (a) #1200 (b) #1950 (c) #750 (d) #450
26. All the following are popular advertising media in Nigeria except ________ (a) bill board (b) radio (c) television (d) singing and dancing
27. Which of the following equipment is most suitable when 500 copies of notice of meeting is needed? (a) photocopier (b) duplicating machine (c) typewriter (d) adding machine
28. The main purpose of setting up a business is __________ (a) profit making (b) for prestige (c) humanitarian (d) gift
29. E and O. E, in an invoice means _________ (a) Error of Entry (b) Error of Emergency (c) Error of Mission (d) Error of Omissions Exempted
30. Paying by cheque means the consumer has a _________. (a) saving account (b) current account (c) fixed deposit account (d) imprest account
31. A customer who is given a cash discount of 10% for buying goods valued #1000 will receive receipt for ____________. (a) #1000 (b) #1100 (c) #990 (d) #900
32. A document issued by the seller as evidence that goods have been paid for by a customer is called ____________. (a) credit note (b) debit note (c) receipt (d) advice note
33. Calculate the net pay of Lawrence Ibeh from the following date:
Gross pay = #3000. Tax deduction = #300 Sport deduction= #50 Trade union dues = #50
(a) #3000 (b) #2650 (c) #2600 (d) #2700
34. An amount usually given to a cashier to start imprest system is called ____________ (a) cash float (b) poundage (c) breakage (d) expenses
35. The raw materials and finished goods held by a business are called ____________. (a) fixed assets (b) capital (c) work in progress (d) dispatch book