BUSINESS STUDIES EXAM QUESTIONS FOR JSS3 FIRST TERM

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JSS3 FIRST TERM BUSINESS STUDIES EXAM QUESTIONS – EDUDELIGHT.COM

      FIRST

Examination malpractices may lead to a repeat of the subject or suspensions don’t be involved.

SUBJECT: BUSINESS STUDIES                    TIME: 2HRS  CLASS: JSS  3

SECTION A:  INSTRUCTION: ANSWER ALL THE QUESTIONS IN THIS SECTION

1. Which of the following documents is issued by a seller to the buyer whenever goods are damaged or undercharged? (a) credit note (b) debit note (c) local purchasing order (d) quotation

2. Which of the following books is handled by a receptionist? (a) attendance register (b) visitors book (c) incoming register (d) outgoing

3. An applicant seeking employment in an organisation should direct his application

to the _______ office. (a) Accounts (b) personnel (c) production (d) purchasing

4. Clerical duties are BEST performed in ______ (a) company (b) market (c) ministry (d) office.

5. How many types of office do we generally have? (a) Five (b) four (c) six (d) two.

6. The following are methods of handling information in an office except ________   (a) leaking (b) processing (c) receiving (d) recording

7.  An advantage of sole proprietorship over other forms of business unit is ______ (a) certificate of trading to commence business (b) limited number of owners (c) shares sold to the public (d) small amount of capital to commence business

8. A form of business unit whose capital is derived mainly from government is _____ (a) cooperative (b) public corporation (c) partnership (d) limited liability company

9. When thinking of setting up a small business, attention must be paid to the following EXCEPT _____ (a) convenience to customers (b) future expansion (c) location of business (d) nearness to bank and post office

10. An office which is run successfully shows that every member of staff works _____ (a) in the office (b) as a team in the office (c) individually in the office (d) in groups in the office

11. Which of the following is not a reward for being truthful? (a) Bad reputation (b) good reputation (c) promotion (d) useful suggestion

12. The person that is the sole provider of business capital and suffers losses alone is called a _____ (a) partner (b) salesman (c) trader (d) sole proprietor

13. Mrs Omitunde bought stationeries from a bookshop and pays cash. The book seller will give her _____ (a) an invoice (b) an order (c) a voucher (d) a receipt

14. The Head of the sales department is _____ (a) purchases manager (b) sales manager (c) personnel manager (d) chief marketer

15. An insurance policy that covers accidents on sea is known as _____ (a) fire insurance (b) life assurance (c) marine insurance (d) burglary insurance

16. The following are departments in an organization except _____ (a) purchasing department (b) sales department (c) production department (d) organization department

17. The space allowed at the edge of a document to make it more attractive is called _____ (a) attraction (b) margin (c) designs (d) orientation

18. A bookkeeper must possess all the following qualities except ______ (a) he must write clearly (b) he must be doubtful in in calculation (c) he must be intelligent (d) he must be accurate in calculation

19. The minimum member that you can find in partnership business is ____ (a) two (b) four (c) seven (d) twelve

20. Creating public awareness about the organization’s product is the responsibility of ______ department. (a) personnel (b) production (c) marketing (d) purchasing

21. The book signed by the people who visit an organisation is known as _____ (a) visitor’s book (b) welcome book (c) office book (d) time book

22. Insurer in insurance business is the _____ (a) insurance company (b) agent of the insured (c) broker of the insured (d) risk giver

23. An introductory card is another name for _____ (a) business card (b) quotation form (c) requisition form (d) inventory form

24. A business with unlimited number of shareholders is known as _____ (a) sole proprietor (b) private company (c) partnership (d) public company

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25. ______ type of insurance deals with stealing. (a) burglary (b) comprehensive (c) assurance (d) third party

26. The method of of classifying files are the following except ________ (a) chronological (b) geographical (c) alphabetical (d) sorting

27. Production is said to be _____ (a) changing the forms of raw materials (b) creation of only services (c) creation of goods (d) creation of goods and services so as to satisfy human wants

28. One of Nigerian international seaport is in _______ (a) Onitsha (b) Kano (c) Ibadan (d) Lagos

29. Petty cash book is used to record ______ (a) bank transaction (b) minor expenses (c) staff salary (d) credit sales

30. A place where correspondence is received and despatched in the office is called ______ (a) personnel office (b) despatch office (c) registry (d) Cash office

31. Which office machine is used to hold two or more papers together? (a) perforator (b) stapler (c) nail (d) office pin

32. The process whereby documents are kept for future reference is called _____ (a) bookkeeping (b) filing (c) banking (d) warehousing

33. The following are expected of receptionist except _____ (a) dedication to duty (b) politeness (c) rudeness (d) tolerance

34. Which of the following is not part of business studies? (a) commerce (b) office practice (c) bookkeeping (d) mathematics

35. The source document that serve as evidence that money has been paid is _____ (a) receipt (b) debit note (c) credit note (d) invoice

36. An office machine used to store data to bring out information is called _____ (a) printer (b) computer (c) typewriter (d) scanner

37. Which of these is NOT a traditional means of communication? (a) town crier (b) telephone (c) talking drum (d) king heralds

38. An office machine used to destroy unwanted documents or letters in the office is called? (a) shredding machine (b) perforator (c) computer (d) duplication machine

39. Handwritten materials which are ready for keyboarding are regarded as _____ (a) carbon paper (b) waste (c) manuscript (d) material

40. Any activities in which people engaged themselves in order to earn a living is termed _____ (a) promotion (b) communication (c) occupation (d) interest

41. The type of bank which aids business and individuals in day to day transaction is called _____ bank. (a) central (b) commercial (c) development (d) industrial

42. Aids to trade are those activities that facilitates _______ (a) communication (b) buying and selling (c) advertising (d) consumers

43. The mail clerk must ensure that the person who receives the letter ______ the despatch book. (a) tears (b) folds (c) signs (d) sorts

44. Which of the following is not a function of an office? (a) receiving information (b) recording information (c) assessing information (d) distorting information

45. One of the following is the main branch of trade. (a) home and foreign (b) home and domestic (c) wholesale and retail (d) hawker and consumer

46. All goods returned to the supplier due to damage are recorded in _______ (a) sales journal (b) purchases journal (c) return inward journal (d) return outward journal

47. The advertising media usually found on strategic points along major roads and cities are called _____ (a) billboard (b) journals (c) newspaper (d) handbills

48. A document which contains pictorial representation of goods for sale and their prices is called ____ (a) invoice (b) price list (c) quotation (d) customer’s order

49. An envelop sealing machine is most likely to be found in _____ (a) post office (b) supermarket (c) mail room (d) principal’s office

50. The industries that turn raw materials into finished goods is called _____ (a) mining industries (b) construction industries (c) coal industries (d) manufacturing industries

SECTION B

INSTRUCTION: ANSWER ANY THREE (3) QUESTIONS IN THIS SECTION

1.         (a) What is advertising?              (b) Outline eight (8) forms of advertising media.

             (c) Explain four (4) importance of advertising.

2.         (a) Define transportation.               (b) List and discuss four (4) modes of transportation.

             (c) With the aid of diagram, show the flow of communication

3.          (a) Explain the term “communication”.

             (b) List three (3) traditional and five (5) modern means of communication.

              (c) Discuss the importance of communication in business.

4.           (a) Define business goal.            (b) Explain four (4) factors that enhances business goal.

               (c) Outline four (4) importance of business goal.

5.         (a) Differentiate between consumer awareness and consumer protection.

             (b) Explain four (4) importance of consumer protection.

              (c) List five (5) benefits of lodging complaints.

JSS3 FIRST TERM BUSINESS STUDIES EXAM QUESTIONS – EDUDELIGHT.COM

BUSINESS STUDIES

  1. ……………… is used to hold papers together [a] cutlass [b] cabinet [c] stapler [d] scissors
  • Which of these is used to produce several copies of documents [a] typewriter [b] carpenter [c] camera [d] photocopy machine
    • Office can function without equipments        yes / no
  • Honest business practice build …………. Of trust with customers [a] foundation [b] enemy [c]nation [d] producer

List five office equipments

5. …………………………………………………………………..

6.  …………………………………………………………………..

7.        ……………………………………………………………………

8.        ……………………………………………………………………

9. …………………………………………………………………….

10…………………… is a practice of attracting the attention of people to goods and services. [a]

politics [b] advertising [c] media [d] printing

  1. Advertising creates ………………. About a products [a] fun [b] set back [c] goods [d] awareness
  2. Newspaper is a common advertising …………………….. [a] book [b]medicine [c ] hindrance [d]point of sales
  3. One of the major functions of advertising is to build up a good………… for a product. [a]

image [b] office [c] turn down [d] none of the above

  1. Advertised goods get faster and longer sales [a] true [b] false [c] A and B [d] none of the above
  2. A good transportation system is fast but not comfortable [a] true [b] false [c] A and B [d] none of the above

Name three Nigerian newspaper

16.           ………………………………………………………………………………………………………………………..

17.        …………………………………………………………………………………………………………………………

18.        …………………………………………………………………………………………………………………………

  1. Transportation by ……………………………… Is the fastest [a] road [b] air [c] water [d] no idea
  • Which of these can not be used to carry passengers [a] buses [b] cars [c] aeroplane
    • tanker
  • One of these is not used on water [a] trains [b] ship [c] canoe [d] boats
  • A good transportation system brings about a……………….. and rapid distribution of goods [a]

slow [b] rough [c] wide [d] bad

  • Letters are taking to the post office for proper posting [a] true [b] false [c] maybe [d] no idea
  • A buyer can make payment for the goods bought online [a] false [b] yes [c] don’t know
  • all of the above
  • Protection of consumers’ rights and interests is a vital function of government [a] yes [b] no [c] don’t know [d] none of the above
  • The main account in a double –entry book keeping is generally called ………….. [a] leader

[b] lesser [c] savings account [d] ledger

  • Information recorded in a ledger is usually obtained from one of the following [a] receipt

[b] phone [c] post office [d] poster

  • The credit balance is on the ………………. Hand side [a] up [b] right [c] left [d] down Say whether the statements are TRUE OR FALSE

29. We have gross profit and net profit ……………………………………………………………………………………….

30. There is nothing like profit and loss account…………………………………………………………………………..

THEORY

1a.       Mention four disadvantages of road transportation

  • Mention two means of communication.
  • Write two advantages of air transportation.

2a.        List four procedures of making payment preparing bills and invoice.

  • Mention four items used in making payment.

3a.       What is the meaning of office procedures. Bi.            Define following concepts;

  1. Communication
  1. Advertising
  1. Transportation

Bii.       What is the purpose of trial balance. Biii.            Name two uses of trial balance.

4.         From the following transaction made in March , prepare a cash book and open up the appropriate ledgers for the business of B.Arinze. Extract a trial balance.

NAIRA KOBO

Mar 1 brought down at the end of Feb.42,800 00 
Mar 2 cash received from C. Omehia23,000 00 
Mar 3 cash sales25,000 00 
Mar 4 paid rent5,00000 
Mar 5 bought stationery35000 
Mar 6 paid salary10,000 00 
Mar 10 loaned T Salako26,000 00 
Mar 18 paid credit to M. Ebele9,00000 
Mar 24 cash purchase16,500 00 
Mar 25 cash sales32,600 00 
Mar 26 bought furniture and settings15,000 00 
Mar 28 paid rent5,00000 
Mar 29 T Salako repaid loan17,000 00 
Mar 30 cash sales8,00000 
Mar 31 transport fares50000

Enter the transaction in the ledger, check in the double –entry and make out a trial balance. Prepare trading profit and loss account to ascertain the profit gross and net profit.

Aug 4 Balogun started business in ladies cloths with                                         45,000.00

JSS3 FIRST TERM BUSINESS STUDIES EXAM QUESTIONS – EDUDELIGHT.COM

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