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