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