JSS 1 BUSINESS STUDIES FIRST TERM EDU QUIZ

Examination malpractices may lead to a repeat of the subject or suspensions don’t be involved. You’re expected to answer all the objective questions

SUBJECT: BUSINESS STUDIES           

CLASS: JSS TWO

TIME: 2HRS

OBJECTIVES

1. A receptionist must dress  at work (a) gorgeously (b) corporately (c) casually (d) roughly.
2. The receptionist office should be located at the —— of the organization (a) back (b) side (c) entrance (d) outside
3. One of the following is a must for the receptionist to study in order to be able to call within and outside the organization (a) Telephone directory (b) Telephone message pad (c) Telephone message pad (d) visitor’s book.
4. A document showing the types of goods, the quantity price per unit and the total quantity bought is called ____ (a) Credit note (b) Price current (c) Invoice
5. A document sent by the buyer to seller asking for information about available goods is known as ____ (a) Letter of enquiry (b) Catalogue (c) Order
6. ____ is a document used in informing the buyer that the goods had been sent (a) Information note (b) Delivery note (c) Pro forma note
7. Letters, postcards, papers and parcels can be generally called (a) notes (b) papers (c) documents (d) mails
8.             is the act of buying and selling of goods and services. (a) market (b) trade (c) office               (d) correspondence.
9. The act of buying and selling of goods and services between two or more countries is —- (a) home trade (b) foreign trade (c) enterpot trade (d) local trade.
10. When goods are bought by a retailer from Abuja and sold at Lagos, it is called. (a) international trade (b) home trade (c) mixed trade (d) entrepot trade.
11. When goods are bought in a foreign country and sold in another country, it is called —— (a) wholesale trade (b) home trade (c) foreign trade (d) entrepot trade.
12. —— is a service provided by media organizations to enable businesses make goods known to the consumers. (a) Advertising (b) Wholesaling (c) Tourism (d) Insurance.
13. The aid to trade which helps businessmen to cover risks is —– (a) banking (b) insurance (c) transportation (d) warehousing.
14. ——- is the aid to trade that ensures goods are safely kept until needed (a) insurance (b) banking (c) communication (d) warehousing.
15. The market where the value of one’s country is negotiated against another country’s currency is —— market (a) foreign trade (b) commodity (c) money (d) foreign exchange.
16. Another name for producer is —— (a) users (b) wholesalers (c) manufacturer (d)clients
17. __________ sells in bulk (a) retailers (b) wholesalers (c) producers (d) consumers
18. __________ buys in unit (a) retailers (b) producers (c) consumers (d) manufacturer
19. One of the following is not an effect of wrong handling of chemical. (a) It leads to death (b) it causes body damage (c) It may cause hunger (d) It can damage crops.
20. ___________is not a function of a bank (a) safe keeping of money. (b) Granting of loan to customers (c) safe keeping of valuables. (d) granting of visa.

THEORY

INSTRUCTION: Answer Four (4) questions

1. Mention three effect of wrong handling of chemicals.
2. When is production said to have ended?
3. What do we mean by channel of production?
4. Mention four functions of a producer. c. Explain buying by auction.
5. Mention three banking services.
6. Mention three ethical issues in banking.
7. Define bank.
8. List the types of banks you know.
9. Mention four types of market and describe each
10. What is trade? b .Mention and explain the forms of trade.
11. Mention and explain the aids to trade.
12. Mention seven aids to trade and explain three.
13. Mention three roles of custom and excise in foreign trade.
14. What is Business Studies?

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