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