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BUSINESS STUDIES EXAM

QUESTIONS FOR JSS2
SECOND TERM

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JSS2 SECOND TERM

BUSINESS STUDIES
EXAMINATION QUESTIONS
– EDUDELIGHT.COM
SECOND TERM

Examination malpractices may lead to a

repeat of the subject or suspensions don’t
be involved.

Subject: BUSINESS STUDIES

Duration: 2HRS Class: JSS 2

INSTRUCTION: ANSWER ALL QUESTIONS

IN THIS SECTION

1. _______ is a legal proof of evidence of

payment. (a) invoice (b) catalogue (c)
receipt (d) waybill

2. Which of the following is not a type of

insurance?(a) vehicle accident insurance
(b) life assurance

(c) marine insurance (d) public

insurance

3. Marine insurance involves _________

(a) insurance to cover goods and houses
(b) insurance to

cover goods and business (c)

insurance to cover goods and ship (d)
insurance to cover ship and

waters

4. Insurance can be taken out on all but

one of the following (a) vehicle (b) house
(c) business

(d) income

5. _______ is also known as a caller. (a)

visitor (b) customer (c) receptionist (d)
boss

6. All are personal qualities of an

entrepreneur except ______ (a) selfish (b)
determined

[c.] disciplined {d} focus

7. The following are ways of treating

incoming mails except ______ (a) opening
the mails

(b) recording the contents (c) sorting

the mails (d) repackaging the mail

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8. _________ is the mail received in and

sent out of an organization. (a) journal (b)
news book

(c) correspondence (d) dispatch book

9. ______ is the identification of the need

of people in which an entrepreneur can
invest money for

profit making (a) business

mindedness (b) business passion (c)
business discipline (d) business

opportunity

10. Buying and selling of goods is called

_______ (a) occupation (b) purchases (c)
business (d) trading

11. Which of the following pairs are the

major duties of a receptionist? (a)
gossiping and receiving

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callers (b) handling the telephone and

posting letters (c) receiving callers and
handling the

telephone (d) smiling and conversing

with visitors

12. Moving good form Nigeria to Ghana is

called _________ (a) export trade (b) gift
of unit (c) import

trade (d) production

13. Aids to trade consist of the following

except ________(a) insurance (b)
advertising (c) shipping (d)

banking

14. A financial book where all transactions

are recorded is called ______(a) cash book
(b) purchases

book (c) credit book (d) credit book

15. The trader who buys in large

quantities and sells in smaller quantities is
called ______________

(a) wholesaler (b) producer (c) retailer

(d) sole proprietor

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16. ______ is a market where long term

loans are traded. (a) money market (b)
capital market

(c) commodity market (d) financial

market

17. The following but one are business

sectors in which businessmen can invest
in. (a) fishing

(b) construction (c) hospitality (d)

motivation

18. Which of these documents are handled

by a receptionist? (a) a sales book (b)
account book

(c) minute book (d) visitor’s book.

19. _______ is the final link in channel of

distribution. (a) marketet (b) producer (c)
consumer

(d) retailer

20. A trader who carries his goods from

place to place is called _______. (a) a
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(c) an hawker (d) a seller

21. The department that is responsible

for buying of goods and raw materials in
large quantities for an

organization is called _____ (a)

accountant department (b) sales
department (c) production

department (d) purchase department

22. _______ is a place where money and

other valuables are kept. (a) warehouse
(b) safe (c) bank

(d) cold room

23. _________ is a branch of commerce

that covers business risk. (a) banking (b)
insurance (c) finance

(d) marketing

24. Office documents are also known as

_____ (a) store documents (b) sales
document (c) source

documents (d) file documents

25. _______ coordinates all other factors

of production. (a) capital (b) land (c)
labour (d) entrepreneur

26. An ambassador of an organization

from whom the visitor gets his first
impression is called _____

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(a) clerical officer (b) receptionist (c)
author (d) clerk

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27. The following except one are aids to
trade (a) banking (b) advertising (c)
insurance (d)buyer

28. Production is the ______ (a) planning

capital goods (b) creation of goods and
services

(c) purchasing goods for export (d)

producing of goods only

29. All these departments can be found in

a large organization, except __________

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a) sales department (b) resellers
department (c) purchasing department (d)
account department

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30. In a business organization, who is a
risk bearer? (a) coordinator (b) trader (c)
entrepreneur

(d) middleman

31. Which of the following is not a function

of an office? (a) receives information (b)
employs

information (c) provides information

(d) records information (e) dispatch
information

32. When a mail is delivered by hand

______ has to be signed by the receiver as
a proof of delivery

(a) mail register (b) dispatch book

(c) register book (d) outward book

33. Import and export business is an

example of _________ business. (a) home
(b) International

(c) local (d) buying

33. When other countries are involved in

buying and selling, it is called ______ (a)
home trade

(b) foreign trade (c) entrepot (d)

import

34. One of the personal qualities of a clerk

is ____ (a) impatience (b) obedience (c)
lateness

(d) unreliable

35. All human efforts whether physically

or mentally directed towards the
production of wealth is

______ (a) land (b) labour (c) capital

(d) entrepreneur

36. The pocket – size calculator is useful

for performing _____ (a) erasure (b)
simple mathematical

work (c) typing (d) keyboarding

37. What is the reward of an entrepreneur

as a factor of production? (a) interest (b)
rent (c) profit

(d) wages

38. The accounting record used to record

small expenses in an organization is known
as (a) cash book

(b) petty cash book (c) journal (d)

ledger

39. Letters coming into an organization

from other firms is known as__ (a)
incoming mail (b) outgoing

mail (c) air mail (d) inland mail

40. Ethics refer to ______ (a) values of the

school (b) values and rules of a school (c)
values, rules and

behavior that govern people (d)

values and rules governing school exams

SECTION B:INSTRUCTION : ANSWER

QUESTION 5 AND ANY OTHER TWO
QUESTIONS IN THIS SECTION

1a. Define insurance. b. Outline and

explain 4 important concepts of insurance.

c. List 5 types of insurance.

2a. Who is an entrepreneur? b. List and

explain 4 personal qualities of an
entrepreneur.

c. Outline 4 importance of insurance.

3a. Define (i) consumer (ii) consumerism

(iii) consumer right

3b. Outline 8 universal consumer rights.

4a. Define consumer responsibility.

b. Outline 4 consumer responsibilities.

c. Differentiate between needs and wants.

5. Enter the following transactions into the

cash book of A.O Jaji for the month of
January, 2013.

Jan. 1 Started a retail business with

#250,000 cash

Jan. 6 Bought goods worth #40,000

by cash

Jan. 7 Received #10,000 cash in

respect of sales

Jan. 11 Paid the following expenses

in cash: stamps #200, Diesel #3,700

Jan. 13 Paid cash #20,000 to Hassan

Adamu

Jan. 16 Bought a motor cycle by

cash: #75,000

Jan. 18 Received a cash loan of

#30,000 from Tolu Aliyu

Jan. 24 Bought goods worth #15,000

by cash

Jan. 30 Paid salaries of sales

persons: #40,000

BUSINESS STUDIES EXAM QUESTIONS FOR

JSS2 SECOND TERM

(1) Which of these is a right of

consumer?

(a) The right to steal (b) the right to

consumer education (c) the right to fight

(d) the right to fraud

(2) – must be aware of the

quality and safety of goods and services
before he buys them

(a) consumer (b) prodigal (c)

producers (d) None

3. It is the right of a consumer to

make decisions about his needs and

(a) want (b) sorrow (c)

sleep (d) None of the above

4. CPC stands for

(a) consumer protection council

(b) Consumer problem company

(c) consumer paper company (d)None of

the above

5. While sleeping , one must stop

(a) wisely (b) foolishly (C)

sluggishly (d)none of the above

6. Which of these should be done

before shopping

(a) Set a budget (b) Close your

eyes (c) plan (d) want

7. One can pay with while

shopping

(a) Cash (b) cowries (c)

peanut (d) all of the above

8. In book – keeping, helps in

effective, keeping of records

(a) probity (b0 cosmetic (c) ability

(d) perfect finance

9. TAP is not a book – keeping ethnic

(a) True (b) false

10. TAP means transparency

accountability probity

(a) True (b) false

(11) is a very important thing

which helps business owners to achieve
success in book – keeping(a) BAP
(b) CAP (C) LAP (d) TAP

(12) Ledger is the same as balance

sheet

(a) Yes (b) false

(13) A place where the buyer and the

seller meet to transact business is called

(a) shop (b) school (c)

market (d) School

14. is buying an items product

or service suddenly and without thinking

carefully

(a) Buying urgent (b) Buying

suddenly (c) Impulse buying (d)
Compulsory buying

15. After sales service include the

following except

(a) Warranty (b) maintenance (c)

Installation (d) impulse buying

16. The acquisition of goods for sales

is known as

(a) buying (b) selling (c)

: