JS 3 BUSINESS STUDIES PAST QUESTIONS (BECE) HomeJSS 3/BECE Exam Past QuestionsJS 3 BUSINESS STUDIES PAST QUESTIONS (BECE) 0% BECE/JSCE (BUSINESS STUDIES) BECE BUSINESS STUDIES APP Questions will be picked at random from the question bank. You can use the NEXT button to move to the next question, use the PREV button to move to the previous question, the CLEAR button to clear any answer of your choice and you have the FINISH button to end the exam if you choose to. Any question not answered before the end of the exam time, will be marked as wrong and the exam will end by itself. so try to attempt all questions on time. Goodluck! 1 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION A place where money and other valuable things are kept is called ware house store bank comet 2 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Which of the following is NOT a source document? delivery note credit not receipt debit note 3 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION The person who co-ordinated other factors of production is called ______ entrepreneur director manager supervisor 4 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION People care for typewriter in order to _________ make it look shinning look beautiful when producing only a copy maintain it to the last type more papers 5 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION A computer is said to be reliable because it __________ strong accurate fast unique 6 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION The redress of a customer can be any of the following EXCEPT __________ administrative redress personal redress civil redress criminal redress 7 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION An example of current assets is _____________ stock capital creditors gross profit 8 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Office with demarcation is known as _________ open office co-ordinated enlarged office close office 9 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Production ends when the product gets to the _____ manager manufacturer consumer wholesaler 10 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Carbon papers are used for give colour to the typing document producing only a copy making the document black producing copies with typing document 11 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION What the business owes the others is called _________ loan goodwill assets liability 12 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION A document which shows the full details of workers’ pay is called _________ store records pay roll stock records pay slip 13 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION An insurance policy that covers accidents at sea is known as _________ fire insurance marine insurance life assurance burglary insurance 14 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION All are examples of retailers except consumer kiosk owners hawker shop owners 15 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Which of the following is not a modern form of transportation system? ferries coasters aeroplane human porterage 16 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION The act of posing information from one person to another is known as __________ communication warehousing transportation advertising 17 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION The correct sitting position when typing is to sit ____________ and keep your eyes on the machine and type correctly and relax yourself while typing upright with your feet flat on the floor. 18 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Which of the following is NOT a procedure for drawing up a single business plan? production market research entrepreneur finances 19 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION The principal book of account is called ________ ledger cash book journal cheque 20 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION If the expenses of selling and running a business exceed the gross profit, it will result in __________ net loss selling profit net profit purchasing profit 21 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION When typing, the sound of warning bell indicates _________ begin new word watch out for the end of the paper be ready for a new line give a space 22 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION A cheque book is associated with _________ foreign bank fixed deposit current account saving account 23 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION The factor of production are ______ capital and labour land and labour land, labour, capital and entrepreneur capital and entrepreneur 24 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION What is the use of a duplicating machine? used for posting letters used for typing used for recording used in reproducing more of a typed document in thousands 25 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Another bane for producer is ___________ manufacturer actors models ownership 26 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION The amount paid periodically by policy holder to an insurance company is termed ___________ proposal premium application agreement 27 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION The officer in charge of the petty cash book is called manager petty cashier accountant cashier 28 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION What is the document issued by the supplier to indicate settlement of debt? bill of exchange statement receipt invoice 29 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION The act of passing information from one person to another is known as ___________ ware housing advertising communication production 30 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Which of the following is NOT a type of insurance policy? five marine life subrogation 31 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Which of the following represents full stop in shorthand? > ? X = 32 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Which of these is NOT true of a sole proprietorship? the owner can take decision alone the business continuity if the owner dies easy to form the owner takes the profit alone 33 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Any activities in which people engage themselves in order to earn a living is termed ___________ communication occupation interest promotion 34 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION How many consonant strokes do we have in Pitman shorthand? 12 8 24 20 35 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION The payment to a staff after all deductions is called gross pay allowance basic pay net pay 36 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Which of these is a fixed asset? building debtors cash at bank stock 37 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION All are types of bank account EXCEPT __________ saving account static account current account fixed deposit account 38 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Another name for cylinder is ___________ shift lock margine set shift key platen 39 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION The trading account is prepared to determine __________ overall purchases gross profit/loss net sales net profit/loss 40 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION All these are methods of payment EXCEPT ______________ cheque teller transfer cash 41 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION A person who types in an office is called typist typer clerk stenographer 42 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Building, motor vehicle, plants are examples of __________ current assets long term liabilities liabilities fixed assets 43 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION An invoice contains the following information EXCEPT name of the customer account number date which the transaction is recorded supplier’s invoice number 44 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Which of the following is not office equipment? typewriter table and chairs television stapler 45 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION All these except one are advantages of one man business easy to start legal entity little capital quick decision 46 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION The type of cash book which have both bank and cash columns without discount is called two column cash book petty cash book columnar cash book one column cash book 47 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Trade between two countries is known as __________ foreign trade home trade local trade boundary trade 48 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION An amount paid for insuring property is known as _______ premium compensation burglary surrender 49 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Banking insurance, advertising, communication are known as _______ sales activities aids to trade production activities profit activities 50 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION _________ allows buyers and seller to trade without having physical contacts transportation communication advertising e-commerce 51 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION __________ is the difference between current assets and current liabilities fixed capital working capital circulating capital revolving capital 52 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Taxes collected by government on locally made products are known as ___________ import duties personal income tax excise duty value added tax 53 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION The two major division of trade are _________ import and export home and foreign commerce and industry wholesale and retail 54 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION The term profit means _________ selling price minus cost price selling price plus turnover cost price plus selling price cost price minus selling price 55 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION The system of filing whereby the first figures are used is _________ alphabetical numerical arithmetical chronological 56 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION The following are parts of typewriter EXCEPT __________ insurance shift key space bar carriage 57 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION A business man minimum member of two and maximum of twenty is known as ___________ sole proprietorship limited liability company joint stock business partnership 58 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION The provision which a wise man makes against future occurrence of losses is called ________ saving insurance protection banking 59 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Account used to record minor expenses is petty cash book trading profit and loss account journal ledger 60 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Which one of these is not a means of payment through the post office? money order telegraphic money order stamps cheque 61 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Oral communication can be made through ________ telex telephone telegram business reply system 62 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION To protect the platen when typing always, use a _________ plain sheet carbon paper backing sheet tracing paper 63 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Which of the following is not a typewriter’s part? shift key camage paper knot platen knot 64 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Credit notes are usually printed in _________ green red yellow blue 65 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION One of the following is NOT a duty of a receptionist? receiving visitors handling of telephone attending to friends handling of message pad 66 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION A credit entry in the same account is called ________ triple entry double entry contra entry single entry 67 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION An office machine used to store data and to bring out information is called __________ computer perforator printer typewriter 68 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Which of these is NOT a function of an office? collecting and receiving information providing telephone services processing information analyzing information 69 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION The following are the qualities of a clerical staff EXCEPT ___________ carefulness courtesy diligence arrogance 70 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION The movement of people and goods from one place to another is called __________ banking communication transportation advertising 71 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Moving goods from Nigeria to China is called ________ gift trade export trade import trade production 72 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Which of the following is not a current asset? creditor prepayment stock debtor 73 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION The reward for capital is _________ profit interest rent salaries 74 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION An example of intangible assets is _______ building motor vehicle good will stock 75 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION __________ is book of original entry journal profit and loss trading account source document 76 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Who keeps the petty cash book? petty recorder accountant secretary petty cashier 77 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Another name for aids to trade is _________ ancillary services direct services tourism indirect services 78 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Which of the following industries takes raw materials from the earth? distribution construction manufacturer extractive 79 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION Things bought to be sold are called _________ goods materials purchases sales 80 / 80 Category: BECE BUSINESS STUDIES PAST QUESTION The insurance policy on goods transported on water is known as __________ burglary compensation third party marine Your score is 0% Restart quiz Practice also: JS 3 AGRICULTURAL SCIENCE PAST QUESTIONS (BECE) JS 3 SOCIAL STUDIES PAST QUESTIONS (BECE) JS 3 PHYSICAL AND HEALTH EDUCATION (BECE) JS 3 MATHEMATICS PAST QUESTIONS (BECE) JS 3 HOME ECONOMICS PAST QUESTIONS (BECE)