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