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