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