Business studies past questions for jss2

JSS 2 BUSINESS STUDIES

1. The type of the village market is (a) supermarket (b) shops (c) mini-mart (d) open air market
2. Incoming mails should be ………… (a) Opened, dated, stamped and sorted (b) opened, read and put away (c) opened, read and return to sender (d) opened, signed and put away
3. A store having so many departments or sections under the same roof is known as (a) Departmental store (b) Kingsway (c) super store (d) chain store
4. What is a buyer given for purchasing goods from seller (a) An order (b) an invoice (c) a receipt (d) A letter of enquiry
5. What is the document sent from the buyer to the seller showing the quantity, quality and description, price of goods he wishes to buy is called (a) A letter of enquiry (b) An order (c) An invoice (d) Quotation
6. A document which is used to send messages from one person to another in the same firm, from one department to another or from one department to another or from one head office to the branches or from a principal to his agents is known as (a) a manuscript (b) a memorandum (c) menu (d) document
7. Book keeping could be defined as (a) keeping of book in the store (b) keeping of book in the library (c) systematic recording of business transaction in manner that financial position will be known at any given time (d) recording of business in manner that the financial position will not be known easily
8. Which of the following is not a type of buying (a) by description /grade (b) by sample (c) by auction (d) by selection
9. In book keeping, all transactions involving cash and bank at the bank is called (a) double (b) real (c) contra (d) triple
10. …………. Can be defined as the means through which the goods produced get to the final consumer (a) production (b) distribution (c) communication (d) Advertising
11. The primary medium of exchange in business is (a) cash (b) money (c) trade by barter (d) bank tellers
12. ………. Is the path through which goods move from the producer to the consumers (a) channel (b) advertisement (c) transportation (d) communication
13. ……….. are traders who usually move from one place to the other or from one street to the other to make their goods available to people (a) sellers (b) traders (c) hawkers (d) retailers
14. The following are types of bank account except (a) savings deposit account (b) current accounts (c) fixed deposit (d) cash account
15. …………… is an instruction in writing made upon a bank to pay a certain sum of money to a named person (a) teller (b) cash (c) cheque (d) bank document