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