BASIC EDUCATION CERTIFICATION (JSS 3)

Past Questions with Solutions

Business Studies 2013
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PAPER I B. Capital = Assets - Liabilities

MULTIPLE CHOICE C. Capital = Assets + Liabilities
D. Capital = Net Assets + Liabilities
1. The art of keeping accounts in a regular and systematic E. Liabilities Assets + Capital
manner is called. 10. Sources of Capital for partnership business include the
A. accountancy. following EXCEPT.
B. accounting. A. admission of new partners.
C. book keeping. B. loans and overdraft.
D. capital. C. profit plough back.
E. double entry. D. sales of shares.
2. In which of the following books is the day to day E. trade credit.
transaction of a business recorded? 11. Accounts such as Rent, Discounts received, Discounts
A. Cash allowed, Insurance and Interest can be jointly classified
B. Journal as accounts.
C. Ledger A. branch
D. Trading account B. nominal
E. Trial balance C. personal
3. A cheque drawn must contain the following information D. real
EXCEPT. E. subsidiary
A. amount in words and figures. 12. One of the features of a good office is
B. correct date. A. allowing free movement of personnel.
C. name of the payee. B. decoration with beautiful items.
D. signature of the drawer. C. irregular sitting position.
E. signature of the payee. D. limited ventilation.
4. Profit and loss account is the account that determines E. slippery floors.
the of an organisation. 13. The telephone service provided internally in an
A. assests and liabilities organization is called
B. gross profit or gross loss A. intercom. B. local call. C. radio call. D. telex.
C. income and expenditure E. trunk call.
D. net profit or net loss 14. The amount used in starting up a business is called
E. surplus or deficit A. capital B. cash at bank.
5. Which of the following machines can be used to produce C. cash in hand. D. opening stock
the exact copy of a document? E. returns inwards.
A. Computer 15. Which of the following is NOT necessary in visitors’
B. Duplicator book?
C. Photocopier A. Address B. Date C. Language spoken
D. Stencil D Purpose of visit E. Whom to see
E. Typewriter 16. The place where buyers and sellers meet to sell goods
6. Banking and transportation are examples of and services is called
trade. A. bank.
A. aids to B. market.
B. export C. shop.
C. foreign D. store.
D. home E. supermarket.
E. retail
7. Gross profit or loss are determined in the
A. balance sheet. Use the following information to answer Question 17
B. cash book. N N
C. purchase day book. Opening stock 1,500 Sales 10,000
D. sales day book. Add purchases 3,500
E. trading account. Cost of goods 5,000
8. A shredding machine is used for Available for sale
A. clipping collated documents. Less closing stock 1,000
B. destroying papers that are no more useful. Cost of goods sold 4,000
C. joining torn documents. Gross profit x x x
D. making special designs on papers. 10,000 10,000
E. photocopying documents.
9. Which of these is an Accounting Equation?
A. Assets = Capital + Liabilities
17. What is gross profit? 27. The account used for recording difference in a trial
A.N7,500 balance temporarily is called account.
B.N6,000 A. contra
C. N4,500 B. control
D.N3,500 C. subsidiary
E.N2,500 D. suspense
18. The following are expected of a receptionist EXCEPT. E. transit
A. dedication to duty. 28. A document which shows the full details of workers’ pay
B. pleasant appearance. is called
C. politeness. A. Pay slip.
D. rudeness. B. Payroll.
E. tolerance. C. Periodic records.
19. The following are recorded on the credit side of profit D. Stock records.
and loss account EXCEPT E. Store records.
A. accruals. 29. The type of life assurance policy which is taken up for
B. commission received. specific period of time or at death is called
C. gross profit bid. assurance.
D. interest received. A. annuities
E. prepayment. B. comprehensive
20. An established method used in performing office duties C. endowment
is known as office D. whole life
A. description. E. term
B. document. 30. The following are columns in petty cash book EXCEPT
C. layout. A. discount.
D. performance B. postage & stamp
E. procedure. C. stationery
21. The selling of goods to the highest bidder is known as D. telephone
A. auction sale. E. travelling
B. cash sales. 31. Preparation of payment vouchers is the responsibility of
C. sales by description. in the office.
D. sales y inspection. A. an accountant
E. sales by sample. B. an administrative officer
22. When cash transaction is made, is issued as an C. pay clerk
evidence of payment D. receptionist
A. bank draft E. secretary
B. cash book 32. A document that contains the exact terms of the
C. cheque leaf agreement between the insured and insurer is called
D. debit note insurance
E. receipt A. brown card.
23. Those who buy in large quantities from producers are B. cover note.
called C. policy.
A. consumers. D. premium.
B. hawkers E. proposal.
C. manufacturers. 33. Which of these is NOT a source document for preparing
D. retailers Cash Book?
E. wholesalers A. Cheque counterfoil
24. The document that sets out the full details of goods sent B. Debit notes issued
by the supplier to the buyer is called C. Incoming cheques
A. credit note. D. Receipts
B. debit note. E. Teller
C invoice. 34. An office equipment is referred to as a/an to the workers
D. receipts. in the office.
E. statement of account A. aid
25. The following are factors to be considered in setting up B. distraction
an office EXCEPT. C. disturbance
A. accessibility. B. cost C. proximity. D. space. D. machine
E. ventilation E. substitute
26. Which of the following is the oldest form of business 35. The following are advertising media EXCEPT
organization? A. journals.
A. Co-operative societies B. leaflets.
B. Limited liability company C. newspapers.
C. Partnership D. posters.
D. Public enterprise E. telegrams.
E. Sole proprietorship
36. A petty cash system is based on an imprest of N1,200 a D. overdraft
month. If the petty cashier is left with a balance of N470; E. transfer.
how much will he be reimbursed? 46. Trial balance is a list of balances extracted from
A.N1200 accounts.
B.N1000 A. expense
C.N730 B. ledger
D.N470 C. profit and loss
E. N 330 D. suspense
37. Which of the following office equipment can store, E. trading
retrieve and process information? 47. Reception office is usually located near
A. Calculator A. chief accountant.
B. Computer B. director’s office.
C. Duplicator C. entrance of the building.
D. Photocopier D. manager’s office.
E. Typewriter E. security department.
38. The payment made by a shipper for the unoccupied 48. The most expensive means of transporting passengers
spaces in the ship is called and goods from Yola to Lagos is by
A. cargo liner. A. air.
B. dead frieght. B. pipeline.
C. ship manifest. C. railway.
D. time charter. D. road.
E. voyage charter. E. water.
39. A credit sale should be entered in 49. Which of the following is NOT one of the uses of
A. creditor account. journal?
B. profit and loss account. A. Closing entries
C. purchase day book. B. Correction of error
D. sales day book. C. Opening entries
E. trading account. D. Recording cash purchases
40. The following are methods of classifying files EXCEPT E. Transfer between accounts
A. alphabetical. 50. An envelope sealing machine is most likely to be found
B. chronological. in
C. geographical. A. mail room.
D. sorting. B. post office
E. subject. C. principal’s office.
41. On opening a savings account, the customer is issued a D. receptionist’s desk
A. bank note. E. supermarket.
B. bank statement. 51. A motor-driven boat that is built with higher status and
C. cheque book. luxurious facilities for carrying passengers is called
D. credit note. A. canoe.
E. passbook. B. engine boat.
42. Inability to face competition is a disadvantage of C. ferry boat
A. cooperative society. D. launch.
B. joint venture. E. ocean liner.
C. limited liability company.
D. partnership.
E. sole proprietorship. Use the following in formation to answer questions
43. Which of these is a current asset? 52 and 53
A. Accrued account Land …………………………..……….................. 70,000
B. Bank loan Debtors …………………………..………............. 2,000
C. Bank Overdraft Creditors …………………………..…………….... 13,000
D. Creditors Cash in hand …………………………..………..... 10,000
E. Prepaid expenses Cash at bank …………………………..………..... 15,000
44. The department responsible for processing staff salaries Loan from Usman …………………………..…..... 11,000
is department.
A. accounts and finance 52. What is the value of current liabilities?
B. administration A. N21,000
C. purchasing B. N22,000
D. store C. N23,000
E. transport D. N24,000
45. Banks allow their current account holders to withdraw E. N25,000
more than what they have, through a system called 53. What is the value of fixed assets?
A. borrowing A. N97,000
B. drawing B. N73,000
C. loan C. N70,000
 D. N60,000
E. N50,000 E.
54. Accounts department is in-charge of the following 3. Words like “pie” “by” etc are good examples
EXCEPT of sounds
A. payment of salaries. A. compound
B. preparation of payment vouchers. B. diphone
C. preparing annual financial reports. C. diphthong
D. purchasing of raw materials. D. triphone
E. recording and collection of company revenues. E. vowel
55. The most suitable medium for demonstrating the use of 4. The word ‘pa’ is the combination of consonant ‘p’
a product is and long vowel
A. handbills. A. ‘a’
B. newspaper. B. ‘ah’
C poster. C. ‘aw
D radio. D. ‘e’
E. television. E. ‘oo’
56. Which of these is NOT a quality of a clerical officer? 5. In words like paves, serves etc, the final circle written
A. Good appetite inside the F or V hook adds the sound of
B. Good education A. k or g
C. Good health B. n or m
D Neatness C. r or h.
E. Punctuality D. s or z
57. Obtaining resources from their natural form is known E. t or d.
as production. 6. Which of the following words contains vowel ‘aw?
A. commercial A. All
B. industrial B. Ball
C. primary C. Lay
C. secondary D. Lee
E. tertiary E. Mail
58. The following are methods of payment through the post 7. In words of one syllable, a light stroke is generally
office EXCEPT. halved for a proceeding sound.
A. money order A. light
B. Postal giro B. long
C. postal order C. short
D. poundage D. vowel
E. standing order E. triphone
59. Buying and selling of goods between Nigeria and China 8. What is the correct representation of three hundred
is known as trade thousand in pitman shorthand?
A. export
B. foreign A. B.
C. home
D. retain
E. wholesale C. D.
60. The document sent by the seller to the buyer to correct
an under charge is called. E.
A. credit note 9. Which of the following is NOT a compound consonant?
B. debit note A. Emb
C. involve B. Emp
D. receipts C. Hay
E. statement of account D. Ler
E. Rer
10. What is the correct joining of consonants tee and pee?
PAPER II
MULTIPLE CHOICE
A. B.

1. An art of writing that uses signs an strokes to represent

spoken sounds is called C. D.
A. dictation B. phrase C. shorthand D. transcription
E. vowel E.
2. The word “member” could be accurately represented as 11. Transcribe this symbol accurately.
A. with
A. B. B. what
C. D. C. when
D. would
 E. you 29. Where an outline consists only of horizontal strokes and
12. The first in word determines the position of the first vowel is a third-positive vowel, the outline is
writing. written the line
A. consonant B.outline C.phrase D. short form E. vowel A. above B. before C. by D. on E. through
13. We study shorthand for the following reasons EXCEPT. 30. The outline ‘chay’ above the line represents
A. as an effective tool of preserving secret. A. chair B. cheer C. each D. much E. which.
B. it is a good invention by Isaac Pitman. 31. When typing, the sound of warning bell tells you to
C. it is a fast means of taking speech. A. be ready for a new no B. begin new word
D. to earn a living C. give a space D. type faster.
E. to facilitate business E. watch out for the end of the line
14. The prefix com-or con- is represented by a at the 32. A plan of a journey is called
beginning of an outline in words like consider, condition, A. itinerary. B. journey
community etc. C movement schedule. D. official movement
A. comma B. dot C. phrase D. short form E. vowel E. traveling chart
15. When the circle ‘S’ stands alone above the line, it 33. In correction sign, the symbol // means
represents. A. close up the space.
A. ‘as’ B. ‘hers’ C. ‘is’ D. ‘ours’ E. ‘was’. B. delete the word
16. The sign is a sign. C. new paragraph.
A. consonant B. diphthong C. short form D. type in reverse order.
D. triphone E.vowel E. underline the word.
17. Which of the following words is carrying an upward ‘R’? 34. It is good to while typing.
A. Air B. Army C. Car D. Carry E. Fair A. cross your legs
18. In shorthand, the correct outline for ‘Pa’ is B. place your head on the back rest
C. place your palms on the typewriter tram’
A. B. D. sit forward on the seat
E. sit in an upright position
C. D. 35. When typing, makes the impressions on the
paper.
A. ink B. paper bail
E.
C. paper guide D. ribbon
19. Which of these is not one of the punctuation signs in
E. typewriter key
shorthand?
36. Personal letters must have the following EXCEPT.
A. addressee’s address
A. B. B. complementary close
C. date D. salutation E. reference
C. D. 37. To produce more than one copy of a document on
typewriter, paper is used.
A. carbon B. coloured C. stencil
E. D. tracing E. transparent
20. There are vowels in Pitman shorthand. 38. “Continue with the preceding one” is represented with
A. 3 B. 6 C. 8 D. 12 E. 24 which of these symbol/signs in the manuscript?
21. Phrasing is an aid to rapid. A. Lc B. Uc C. Insert D. Run-on E. Tr
A. dictation B. drilling C. memorization D. penmanship 39. The following are types of Headings EXCEPT
E. writing heading.
22. Which of the following words is NOT written as a short A. elbow B. main C. paragraph D. shoulder E. sub
form? 40. The manuscript sign (#) means insert
A. But B. Date C. Tow D. Which E. Who A. comma B. delete C. full stop
23. What does a small tick at the end of a word represent? D. new paragraph E. space
A. But B. Of C. Should D. The E. To 41. What is the number of the line spaces in an A5 paper?
24. In Pitman shorthand, there are diphthongs. A. 100 B. 90 C. 82 D. 70 E. 35
A. 04 B. 16 C. 20 D. 22 E. 28 42. The sign ‘ ‘, when seen in a text means.
25. Consonant sounds heard in English words are A. block letter B. close line C. new page
consonants. D. new paragraph E. next page
A. 15 B. 20 C. 24 D. 30 D. 35 43. The sign (L. c) in correction signs means insert.
26. In a phrase, the stroke is used to represent A. capital letter
A. ball. B. lake. C. lord. D. mail. E. will B. close-up
27. The ‘S’ circle is usually written on the side of straight C. full stop
downward strokes. D. new paragraph
A. in B. left C. middle D. out E. right E. small letter
28. The outline for the word must is carrying 44. The part of typewriter that enables letters to be typed in
loop/circle. upper case is called.
A. S’ B. “See” C. “St’ D. “Str” E. “Sw” A. paper guide B. paper bail
C. platen D. shift key
E. space bar
45. Personal letters can be referred to as letters. D. presentation.
A. business E. summary.
B. company 56. Which of the following correction signs is to insert full
C. formal stop?
D. impersonal
E. informal A. B.
46. The sign in manuscript means, insert
A. comma.
C. D.
B. full stop.
C. missing letter. E.
D. question mark.
E. quotation mark. 57. The paper size used for business letters is
47. A memorandum is a written message between A. A3. B. A4. C. A5.
A. individuals working in the same department in D. A6. E. A7.
different organizations. 58. Which of these is NOT a way of taking care of a
B. persons working as business partners. typewriter?
C. persons working within different organizations. A. Cleaning the type face once in a while
D. persons working within the same organization. B. Covering it when not in use
E. workers across the country. C. Locking the carriage when not in use
48. The home keys on the typewriter are D. Removing any dirt with soft cloth
A. asdf = lkj E. Unlocking the carriage always when not in use
B. asdf jkl; 59. The following are features of a MEMO EXCEPT
C. asdf ljkj A. date. B. from. C. salutation.
D. asaf ;lkj D. subject E. to.
E. sadf ;lkj 60. The sign in typewriting means
49. Part of the typewriter used to hold the paper firmly A. change to capital letter.
against the platen is called B. change to small letter.
A. machine clip. C. delete a letter or word.
B. machine handle. D. insert comma.
C. paper bail. E. insert full stop
D. paper holder.
E. paper pin.
50. In operating the home keys, right hand small finger is BUSINESS STUDIES PAPER I 2013
placed on
A. a. B. d. C. f. D. j. E.; 1.C 7.E 13.A 19.A 25.E 31.A 37.B 43.E 49.D 55.E
51. The typewriting machine was invented in the year 2.B 8.B 14.A 20.E 26.E 32.C 38.B 44.A 50.A 56.A
A. 1823. B. 1825. C. 1829. 3.D 9.A 15.C 21.A 27.D 33.B 39.D 45.D 51.C 57.C
D. 1831. E. 1929. 4.D 10.D 16.B 22.E 28.A 34.A 40.D 46.B 52.D 58.E
52. The guide keys can also be called keys. 5.C 11.B 17.B 23.E 29.C 35.E 41.E 47.C 53.C 59.B
A. hand B. home C. manual 6.A 12.A 18.D 24.C 30.A 36.C 42.E 48.A 54.D 60.B
D. office E. setting
53. The following are correction signs EXCEPT.
A. @. B. Trs. C. #. D. E. ? BUSINESS STUDIES PAPER II 2013
54. Pica typewriter has letter spaces to 25mm.
A.9 B.10 C.11 D.12 E.13 1.C 7.E 13.B 19.C 25.C 31.E 37.A 43.E 49.C 55.C
55. A section of a piece of writing which usually consists of 2.C 8.A 14.B 20.D 26.E 32.C 38.D 44.D 50.E 56.C
several sentences that deals with a single theme is 3.C 9.C 15.C 21.E 27.E 33.C 39.A 45.E 51.C 57.B
called 4.B 10.C 16.D 22.B 28.C 34.E 40.E 46.A 52.B 58.E
A. introduction. 5.D 11.-- 17.C 23.E 29.A 35.E 41.E 47.D 53.A 59.C
B. objective. 6.B 12.E 18.C 24.A 30.A 36.A 42.D 48.B 54.B 60.C
C. paragraph.

BASIC EDUCATION CERTIFICATION (JSS 3)

Past Questions with Solutions
Business Studies 2012
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OBJECTIVE QUESTIONS 2. In a small office, the owner of the business can do the
PAPER I following EXCEPT.
A. employ someone to assist him.
1. The room where a roadside mechanic stays to prepare
B. equip the business with many office aids
customers bills is referred to as
C. fix the salary of staff.
A. office B. bills room C. cash office
D. grant employees opportunity to further career.
D. reception E. workshop
E. watch over his business.
3. Which of the following is a small office? 15. A is designed to assist a secretary in an
A. Commercial bank B. Cement factory organization to request for stationery for use.
C. Departmental store D. Patent medicine store A. bin card
E. The Central Bank B. goods received note
4. A good office layout requires the following EXCEPT C. purchase requisition form
A. easy movement of people D. request form
B. economy of floor space E. store requisition form
C. light and ventilation 16. A machine used to reproduce copies of a letter typed on
D. space for work flow a stencil is machine
E. qualified personnel A. duplicating B. franking C. guillotine
5. The department that handles industrial disputes in an D. photocopying E. typewriting
organization is department. 17. Which of the following names should come first in an
A. administrative B. legal C. personnel alphabetical filling?
D. production E. purchasing A. G.O B. G.P C. G.U D. K O E. M A
6. A receptionist performs the following duties EXCEPT 18. A book where all monies coming into an organization
A. acting as a telephonist are recorded is called
B. directing visitors to appropriate offices. A. cashbook B. income book
C. making visitors feel comfortable C. monies register D. register
D. solving the problems of visitors E. remittance book
E. typing documents 19. For total efficiency of workers, which of the following
7. If a visitor proves difficult, the receptionist should condition’s is NOT a necessary pre-requisite?
A. ask for his reason(s) for misbehaving A. Adequate lighting
B. call the security B. Clean environment
C. invite the Director General. C. Reasonable working space
D. order him out of the office. D. Ventilated office
E. report to the Commissioner of police. E. Yearly office renovation
8. A document which contains pictorial representation of 20. When a clerk is processing information, she should
goods for sale and their prices is called IGNORE which of the following rules?
A catalogue B. customers order C. invoice A. Ask her boss where to file
D. price list E. quotation B. Collate the data
9. A system of filing whereby all correspondence is filed C. Examine the information
according to state r town of origin is called filing. D. sort out the information
A. alphabetical B. central C. chronological E. Write the information down
D. geographical E. lateral 21. The process of converting raw mate5ials into finished
goods is called production
10. Date: A. direct B. indirect C. primary
Name of Visitor D. secondary E. tertiary
Address of Visitor 22. The reward of land as a factor of production is
Telephone Number of Visitor A. interest B. profit C. rent D. salaries
Dept or Person to be seen E. wages
Purpose of Visit 23. An enterprise formed and owned by government to
Any previous appointment? YES NO provide essential services is called
Comment from Dept or Person to be seen A. cooperative society
Date B. government departmental enterprise
C. limited liability
The format above is an example of a/an D. partnership business
A appointment list B. request form E. public corporation
C. telephone message pad D. visitors’ list 24. Which of the following is NOT one of the aids to trade?
E. visitors’ register A. Advertising B. Banking C. Insurance
11. To settle bills involving small amounts, will be D. Mining E. Warehousing
convenient. 25. Which of the following is NOT an advantage of hawking?
A. cash B. cheque C. credit card It
D. money order E. postal order A. is a form of advertising
12. A cheque presented after six months of issuance is a B. offers low prices for products sold
cheque. C. provides door-to--door service to consumers
A. crossed B. mutilated C. post-dated D. pie-dated D. provides opportunity for self-employment
E. stale E. requires a large amount of capital
13. In business transactions, we make use of even 26. The following are large-scale retail outlets EXCEPT
though it is NOT a legal tender A. chain stores B. hypermarkets
A. cheque B. coin C. currency D. kobo C. mobile shops D. supermarkets
E. Naira E. variety stores
14. A bank draft is a cheque drawn by a bank on 27. Home trade is a branch of commerce which comprises
A. another bank B. customer C. itself of
D. payee E. the manager A. internal and external trade
 B. retailing and manufacturing A. balance B credit C. debit D. double E. single
C. wholesaling and retailing 45. A ledger account is divided into parts
D. wholesaling and manufacturing A.2 B.3 C.4 D.5 E.6
E. trade and aids to trade 46. The following are classes of ledger EXCEPT
28. Overdraft can be allowed on account. ledger
A. current B. deposit C. loan D. savings A. cash B. general C. nominal D. persona
E. travellers E. purchases
29. The document used for withdrawal of cash from a 47. A book where details of all credit sales are entered is
current account is called
A. cheque B. debit card C. deposit slip A. cashbook
D. pass book E. withdrawal slip B. purchases day book
30. The highest financial institution in Nigeria is called C. returned outwards book
bank. D. returned inwards book
A. central B. commercial E. sales day book
C. development D. merchant 48. Which of the following ledgers contains the accounts of
E. mortgage losses and gains?
31. The sum of money paid by the insured to the insurance A. Creditors B. Nominal C. Private D. Sales
company is called E. Total
A. commission B. discount C. dividend 49. A transaction where the transfer of ownership takes
D. interest E. premium place before payment to the supplier is
32. When loss occurs, the insurance company pays the transaction
A. agent B. broker C. insured D. insurer A. cash B. credit C. debit D. double
E. speculator E. journal
33. The following are types of insurance EXCEPT 50. If a buyer pays immediately for goods bought it is a/an
A. burglary B. marine C. fire D. indemnity transaction
E. fidelity A. cash B. credit C. double D. immediate E. petty
34. The most popular form of advertisement is 51. The bank column of a cash book shows a credit balance
A. magazine B. newspaper C. posters of N180. This means a/an
D. radio E. television A. gross receipt of N180
35. Which of the following advertising media suitable for B. leftover of N180 in the bank
demonstrating the use of Omo detergent? C. leftover of N180 cash
A Journal B. Magazine C. Newspaper D. overdraft of N180
D. Radio E. Television E. total payment of N180
36. The best means of transporting liquid and gas is by 52. The money kept in the office for small cash payment is
A. air B. pipeline C. rail D. road E. water called
37. The fastest means of transporting people from Sokoto to A. blot B. coat C. float D. oat E. vote
Lagos is by 53. The fixed amount given out to a petty cashier is known
A. air B. pipeline C. rail D. road E. water as
38. The cheapest means of transportation is A. cash B. cheque C. imprest D. invoice
A. air B. pipeline C. rail D. road E. water E. payslips
39. Which of the following is NOT a GSM service provider in 54. A list of balances extracted from the ledger to test the
Nigeria? arithmetical accuracy is the
A. Airtel B. Etisalat C. Globacom D. Nokia A. balance sheet B. bank statement C. cash book
E. MTN D. journal E. trial balance
40. The part of profit distributed to the shareholders is 55. The following errors will NOT be disclosed by the trial
known as balance EXCEPT error of
A. capital B. cash C. dividend D. interest E. rent A. addition B. commission C. omission
41. An invoice contains the following EXCEPT D. original entry E. principle
A. appropriate name and addresses
B. a reference to the customers’ order number Use the following information to answer questions
C. description of goods, their unit price and total amount 56 and 57
due
D. driver’s name and number N N
E. terms of payment Opening stock 3000 sales 20,000
42. The document issued when cash transaction is made as Add purchases 7000
an evidence of payment is called 10,000
A. cash book B. cheque C. credit note Less closing stock 2,000
D. draft E. receipt Cost of goods s/d 8,000
43. A document ordering the bank to pay a stated sum to a Gross profit xx
named person is 20,000 20,000
A. cheque B. credit note C. debit note D. draft
E. receipt 56. The above is an extract of a account.
44. Double entry principle states that for every debit entry A. cash B. profit and loss C. purchases
there must be a corresponding entry. D. sales E. trading
57. The gross profit for the above account is
 A. N5,000 B. N7,000 C. N9,000 A. ch B. d C. j D. m E. th
D. N12,000 E. N15,000 12. An initial capitalization of word is indicated with
58. Which of the following does NOT appear on the debit underneath the word.
side of profit and loss account? A. dash B. exclamation mark C. full stop
A. Carriage outwards B. Commission 13. In words like dance, chance etc; the final small circle
C. Office rent D. Rent received E. Salaries written on the reversed side of a straight stroke includes.
A. n B. p C. t D. v E. x
N 14. They sound at the end of words like pity, ready, etc is
Land 102,539 represented by a
Creditor 12,000 A. big loop B. large circle C. light dot D. large dot
Cash at bank 54,300 E. small circle
Cash at hand 9,700 15. In words like top, doll, dog, etc the short o vowel is
Machinery 48,401 represented by a
Debtors 24,000 A. heavy dash B. heavy dot C. light dash D. light dot
Loan 10,000 E. light phrase
16. Which of the following is NOT a term used in shorthand?
59. What is the value of her fixed assets? A. Drill B. Lineality C. Phrasing D. Pica
A. N150,940 B. N148,600 C. N143,000 D. N88,000 E. Stroke
E. N55, 000 17. What is vocalization?
60. What is the value of her current assets? A. Calling the vowel aloud.
A. N11,690 B. N17,920 C. N55,000 D. N88,000 B. Frequent occurring of vowels.
E. N93,000 C. Placing the vowel on the outline clearly.
D. Placing the vowel outside the consonant.
E. Omission of vowels from the outlines.
PAPER II 18. If a third place vowel is the preceding vowel of an
outline, the first stroke should be written the line.
1. Which of the following BEST defines shorthand? A. above B. at C. by D. on E. through
A. A writing without rules 19. Compound consonants include all the following
B. An art of writing with multiple rules and principles EXCEPT
C. An art of writing of sounds to represent words A. Emb B. Emp C. Gwa D. Hwa E. Ish
D. An art of writing that uses symbols to represent 20. Which of the following words does NOT consist of
spoken sound double consonants?
E. An art of writing which uses vowels in place of A. Bride B. Place C. Principle D. Television
consonants E. Train
2. The following are consonants with curved strokes 21. Which of the following words is an example of short
EXCEPT form?
A. chay B. ess C. ish D. zee E. zhee A. Apple B. Contain C. Eye D. Pardon E. Speech
3. In halving principle, a light stroke should be halved for a 22. Writing of a stroke through an outline for frequent
preceding stroke in words of single syllable. occurring words when it is convenient is known as
A. double B. full C. half D. heavy E. light A. intersection B. phrasing C. position writing
4. There are positions of writing words in shorthand. D. short form E. triphone
A. two B. three C. four D. five E. six 23. Which of the following is NOT a first place vowel?
5. The joining of words in shorthand is known as A. a B. ah C. aw D. I E. o
A. consonant B. diphthong C. phrasing 24. Which of the following is NOT a term used in shorthand?
D. short form E. vowel A. Drilling B. Intersection C. Phrasing D. Spacing
6. There are diphthongs in shorthand. E Triphone
A. two B. three C. four D. five E. six 25. The doubling principle should be adhered to in
7. The following are long vowel sounds EXCEPT representing the following words EXCEPT.
A. after B. father C. poster D. motor E. scooter
26. When there is an ‘ess’ circle between two straight
8. Which of the following signs is NOT representing strokes, the circle should be written the angle
diphthong in Pitman shorthand? formed by the two strokes.
A. above B. below C. beside D. outside
E. through
27. A large circle at the beginning of a stroke is
called circle in words such as ‘weeet’ swim etc.
9. A is used when consonant ‘h’ follows m, l and A. ‘ess’ B. ‘loop’ C. ‘sway’ D. ‘ syllable’ E. ‘zee’
downward r. 28. A small hook written to the left side at the end of all
A. dash B. dot C. hyphen D. semi-circle E. tick straight strokes represents
10. When ‘his the only consonant stroke, or is followed by ‘k’ A. F or S B. F. or V C. S or shun D. V or shun
or ‘g’ ‘h’ is used. E. V or S
A. downward B. semi-circle C. stroke D. upward 29. What is the correct representation of the word “with”?
E. tick
11. Upward “r” is used before the following EXCEPT
30. This symbol represent B. Carnage return lever
A. star B. satire C. satisfactory D. stationery C. Line-space regulator
E. statute D. Paper guide
31. The V shaped slot where the type bars come up to strike E. Paper release lever
is called 45. When inserting paper on typewriter, see that the left
A. alignment scale B. line space regulator edge is at on carriage scale.
C. margin set D. paper rest A. 0 B. 5 C. 10 D. 12 E. 15
E. printing point 46. When double-line spacing is used in block paragraph
32. Which of the following is used to return the carriage and turn up single line spaces between the
to space up the paper for the start of a new line of paragraphs.
typing? A.2 B.3 C.4 D.5 E.6
A. carriage 47. How many space(s) is/are usually left when hyphen is
B. carriage release lever used in compound words?
C. carriage position scale A. One B. One and a half C. Two D. Five
D. carriage return lever E. None
E. cylinder or platen knob 48. The function of a tab-set key is to
33. If the typing sheet inserted into the typewriter is not A. clear the tab stop
straight, use the paper to adjust the sheet. B. fix the tap stop
A. bail B. guard C. guide D. release E. rest C. move the carriage
34. To prevent damage to the cylinder of the typewriter, a D. return the carriage
paper called is used. E. stop the tap
A. back sheet B. backing sheet C. carbon paper 49. When typing production exercise (apart from display and
D. flimsy paper E. foolscap paper tabulation) the majority of exercises typed on plain paper
35. The following EXCEPT are the keys on the bottom row start on the single- line space from the top edge
of the typewriter keyboard. of the paper.
A. Z B. B C. M D. V E. H A. fifth B. fourth C. ninth D. seventh E. sixth
36. In typewriting, how many times will you bounce space 50. When clearing the previous tab stops on the typewriter,
bar after typing a full stop? key or bar is pressed to allow the carriage return
A. One B. Two C. Three D. Four E. Five freely.
37. The sounding of the bell in the typewriter during typing A. line spacing regulator B. tab-clear C. tab-set
indicates. D. tabulator E. shift lock
A. error B. omission C. overtyping D. the end 51. To erase an error, a typist should
E. warning A. cancel the wrong word with a line
38. The home keys on the right hand side are B. type over the error
A. asdf B. asfg C. dfkj D. ;lkf E. ;lkj C. use a pencil eraser
39. The moves the paper freely horizontally to the D. use a typewriter eraser
right and left of the typewriter. E. “X” the wrong word
A. carriage 52. A word is divided by using
B. carriage release A. continuous stop B. double hyphen C. equal sign
C. carriage return D. hyphen E. stroke
D. cylinder E. margin release 53. When typing a word in capital, which key would you
40. Which of the following is NOT a ready-to-type position? depress?
A. Let arms and elbows hang loosely. A. Back space B. Shift C. Shift lock
B. Place feet apart and firmly on the floor. D. Space bar E. Tabulator bar
C. Place left-hand fingers on ASDF. 54. The number of horizontal spaces on A4 portrait paper is
D. Place right-hand fingers on JKOP. A. 35 B. 60 C. 70 D. 78 E. 82
E. Sit back and relax. 55. In typing a memorandum, the following features
41. The carriage-return lever MUST be returned quickly EXCEPT are found.
the text. A. date B. from C. referee D. reference E. to
A. as soon as you type 56. In typewriting, which of the following indicates a slight
B. when your hand is on pause or break between parts of a sentence?
C. with your eyes off A. Apostrophe B. Colon C. Comma
D. with your fingers on D. Exclamation mark E. Semi-colon
E. without your eyes leaving 57. The complimentary close normally used for business
42. A constantly used typewriter should be serviced at least letter is
time(s) a year A. yours ever B. yours faithfully
A. one B. two C. three D. four E. five C. your in business D. yours truly
43. In typewriting, characters requiring the use of shift key E. yours sincerely
are called 58. Dear sir,
A. capital letter B. lower case C. overtyping Thank you for your letter dated 2nd March, 2011.
D. small letter E. upper case My regards to your family and all members of our
44. Which of the following controls the distance that paper community.
turns up when the carriage is retuned? The paragraph used in the short letter above is called
A. Carnage release lever paragraph.
 A. block B. block and hanging (a) Indent the paragraphs 5 spaces for pica and 6
C. hanging D. indented spaces for elite characters.
E. indented and block (b) Set margins at 15 and 70
(c) Type in double-line spacing
59. The sign means (d) No overtyping
A. close up B. delete C. let it stand D. run on (e) Erase neatly
E. transpose (f) Omission of words will be penalised
60. When typing or cutting a stencil, the ribbon MUST be (g) Render all abbreviations in full
A. black B. disengaged C. new D. red
E. removed
Erasing – Centred in caps

PAPER III: TYPEWRITING

TASK I
SPEED AND ACCURACY

(a) Indent the paragraphs 5 spaces for pica arid f spaces

for elite characters
(b) Set margins at 15 and 70
(c) Type in double-line spacing
(d) No erasure and overtyping

Learning is a skill, which the student develops just as a

prospective mechanic needs to practise his trade. For
this reason, it is necessary for the student to work out a
programme for his studies as it is for a general to plan
his attack on the enemy. It becomes necessary BUSINESS STUDIES PAPER I 2012
therefore to plan out a programme so that he time spent
on this important aspect should not be regarded as 1.E 7.A 13.A 19.E 25.E 31.E 37.A 43.A 49.B 55. A
wasted. It is a good idea to provide a student with a 2.D 8.A 14.C 20.A 26.C 32.C 38.D 44.8 50.A 56. E
syllabus at the beginning of this course, so that he can 3.D 9.D 15.E 21.D 27.C 33.D 39.D 45.A 51.D 57.D
plan for himself. Here a progress chart will be very 4. E 10.8 16.A 22.C 26.A 34.D 40.C 46.8 52.C 58.D
helpful in estimating his chances of success in the 5. C 11.A 17.A 23.E 29.A 35.E 41.D 47.E 53.C 59 A
examination for which he is preparing. 6. D 12.E 18.A 24.D 30.A 36.B 42.E 48.B 54.E 60.D
(126 words).
BUSINESS STUDIES PAPER II 2012

1.D 7.C 13.A 19.E 25.A 31.E 37.E 43.E 49.D 55.C
MANUSCRIPT 2.A 8.E 14.A 20.B 26.D 32.D 38.E 44.C 50.B 56.C
TASK II 3.E 9.B 15.C 21.C 27.B 33.D 39.B 45.A 51.C 57.B
4.B 10.D 16.D 22.D 28.B 34.B 40.E 46.B 52.D 58.D
Time: 15 minutes 5.C 11.D 17.A 23.A 29.A 35.E 41.A 47.E 53.C 59. E
6.C 12.D 18.E 24.D 30.C 36.B 42.D 48.B 54.E 60.B

BASIC EDUCATION CERTIFICATION (JSS 3)

Past Questions with Solutions
BUSINESS STUDIES 2011
============================================================================ ============
PAPER I: 3. Which of the following departments is in charge of
MULTIPLE CHOICE staff welfare in an organisation?
A. Finance and Accounting B. Personnel
1. Which of these is NOT a function of an office? C. Production D. Purchasing E. Sales
information. 4. Which of the following departments is responsible
A. Distorting B. Giving C. Processing for workers salaries?
D. Receiving E. Recording A. Accounts B. Administration C. Marketing
2. Which of the following BEST defines an office? D. Personnel E. Purchases
A place where 5. Another name for an open plan office is
A. building and desks are displayed. A. centralised plan B. closed plan
B. business is done or services provided. C. cubicle D. decentralised office
C. buying and selling is done. E. general office.
D. debts are paid. 6. Which of the following is NOT a basic factor to be
E. people meet to discuss their problems. taken into consideration in setting up an office?
 A. Beauty B. Floor space C. Location D. item must be debited and posted to profit and
D. Planning E. Work-flow loss account.
7. Which of the following is NOT a function of the E. item must be posted to the ledger.
purchasing department? 20. Which of the following statements is correct of
A. Ensuring the correct quantities of goods goods sold on credit to Alhassan by Bawa?
quoted are supplied. A. Credit Bawa and debit Alhassan.
B. Issuance and record keeping of goods. B. Credit Bawa only.
C. Making sure the goods are of good quality. C. Credit both of them.
D. Must order for raw materials every week. D. Debit Alhassan only.
E. Storing goods until they are needed. E. Debit Bawa and credit Alhassan.
8. Partnership business comprises 2 to 21. The simplest form of a ledger has a total of
membership. columns. A. 2 B. 4 C. 6 D. 8 E. 10
A.10 B. 20 C. 30 D. 40 E. 50 22. The following are components of a ledger
9. The following are sources of capital for a sole EXCEPT
proprietorship business EXCEPT A. amount B. date C. folio D. particulars
A. loan and overdraft from banks. E. net profit.
B. loan from friends. 23. Which of the following books of account is a prime
C. personal savings. book as well as a ledger?
D. issuance of shares. A. Cash book B. Purchases day book
E. trade credit. C. Return inward book.
10. Which of the following is NOT a feature of D. Return outward book.
partnership? The E. Sales day book.
A. business is controlled by the partners. 24. The book used in sorting out transactions in a
B. business is owned by two to fifty persons. convenient form for subsequent posting to the
C. capital required to set up the business is ledger is the
provided by the partners. A. balance sheet B. cash book C. journal
D. main objective of the partnership is to make D. trading account E. trial balance
profit. 25. Which of the following is NOT classified among the
E. partners have unlimited liability. nominal accounts?
11. Giving out free samples of new commodities to A. Carriage B. Cash B. Dividends D. Rent
customers to use and see how effective they are, is E. Wages
described as 26. Mr. Martins told Miss Chinyere that her cheque is
A. advertising B. business C. marketing state. This means that the cheque is
D. salesmanship E. selling A. dirty B. expired C. neat D. rough
12. The advertising media usually found on strategic E. soiled.
points along major roads and city centres is 27. The officer that plays the role of an ambassador in
A. bill boards B. journals C. newspapers a business organization is the
D. radio E. television A. financial manager B. general manager
13. The following are extractive occupation C. managing director D. receptionist
EXCEPT E. supervisor.
A. bricklaying B. fishing C. lumbering 28. The filing system that uses date sequence is called
D. mining E. quarrying filing.
14. The reward for capital is A. alphabetical B. chronological C. geographical
A. interest B. profit C. rent D. salaries D. numerical E. subject.
E. wages. 29. The following are the duties of a junior clerk in an
15. Debit note is BEST defined as a document organisation EXCEPT
A. issued by the supplier describing goods sold. A. date-stamping the mail.
B. issued by the supplier describing the goods to be B. delivering mail to various units or department
bought. concerned.
C. issued by the supplier rejecting the sales C. posting letters or parcels.
of goods. D. receiving mail.
D. used to correct an overcharged error by the E. writing minutes of meetings.
purchaser. 30. The best form of doing away with top secret documents
E. used to correct an undercharged error by the that are no longer needed in the
purchaser. office is by
16. The posting of a purchases day book to the ledger A. burning B. filing C. photocopying 0. selling E. shredding
requires a credit entry in the account. 31. Which of the following means of written communication
A. creditor’s B. debtor’s C. goods can be used only within an
D. purchases E. sales organisation?
17. In which of the following books is the day-today A. Memoranda B. Reports C. Telegrams D.
transactions of a business recorded? Telephones E. Telex
A. Cash book B. Journal C. Ledger 32. The following are auxiliaries to trade EXCEPT A.
D. Trading account E. Trial balance advertising B. banking C. insurance
18. In double entry book-keeping, the two aspects of a D. marketing E. warehousing
transaction are 33. When a person buys and sells goods in smaller
A. buying and giving B. buying and selling quantities he/she is said to be a
C. debit and giving D. giving and receiving A. distributor B. hawker C. manufacturer
E. selling and receiving. D. retailer E. wholesaler
19. The principle of double entry states that every 34. When cash is paid in exchange for goods!
A. account must be transferred to the balance services, a/an is issued to acknowledge
sheet. the payment.
B. credit entry must be posted to the cash book. A. invoice B. ledger C. receipt D. teller
C. debit entry must have a corresponding credit E. voucher.
entry and vice versa. 35. The following are functions of commercial
 banks in Nigeria EXCEPT D. photocopying E. stapling
A. accepting deposit. 48. A filing clerk would find one of the following MOST
B. agent for payment. useful in an. office?
C. issurance and control of currency. A. Calculator B. Computer C. Perforator
D. issuance of travellers cheque. D. Photocopier E. Telephone
E. safe keeping of valuables. 49. Which of the following is NOT a GSM service
36. Features of current account include the provider in Nigeria?
following EXCEPT A. Airtel B. Etisalat C. Globacom
A. cheque can be issued to anybody. D. MTN E. Nokia
B. customers are issued with cheque books. 50. Metal gong is an example of
C. no interest is given. communication.
D. the holder can withdraw from the account. A. indirect B. modern C. telex
E. withdrawal can be frequent. D. traditional E. written.
37. The provision made for the protection of properties 51. Congestion and hold-ups that bring delays in
against risk is transportation occur in transport.
A. banking B. business C. insurance A. air B. pipeline C. rail D. road E. water
D. marketing E. warehousing 52. The process of conveying goods and people from
38. In insurance the amount paid by the insured to the one place to another is called
insurer is known as A. cargo liners B. consignment
A. endowment B. indemnity C. containerization D. distribution
C. insurable interest D. premium E. transportation.
E. surrender value. 53. The cheapest means of transporting bulky goods is
39. The contract of insurance covers all the following by
EXCEPT A. air B. pipeline C. railway D. road E. sea
A. bad debts B. fire C. gambling 54. A list of balances to check the arithmetical accuracy
D. human life E. motor insurance of the entries in the ledger is called
40. Imprest system is a way of keeping A. balance sheet B. purchases account
A. double column cashbook. C. sales account D. trading account
B. ledger account. E. trial balance.
C. potty cashbook. 55. Trial balance is based on entry system.
D. simple cashbook. A. accounting B. credit C. debit
E. three column cashbook. D. double E. single
41. When a chief cashier gives out money to a petty 56. A trader bought a biro pen for N600.00. At what
cashier, the chief cashier will price would he sell if he is to make a profit of
A. credit capital amount. 5%?
B. credit cashbook. A. N570.00 B. N590.00 C. N600.00
C. credit purchases account. D. N610.00 E. N630.00
D. debit capital account. 57. Which of the following combination is most
E. debit cashbook. SUITABLE in the profit and loss account?
42. In keeping a cashbook single transaction affecting A. Debtor, capital, sales, gross profit
both the cash and bank columns is called B. Discount received, gross profit, rent, wages.
entry. C. Net profit, purchases, rent.
A. contra B. double C. real D. single D. Purchases, sales, rent, discount received.
E. triple. E. Stock, return inward, discount allowed, debtor.
43. Michael Johnson enterprises paid N600 for 58. Where in the Balance sheet will a construction
electricity consumed. The correct entry of this company record its uncompleted project?
transaction in the books of account of Michael A. Current Asset B. Current Liability
Johnson Enterprises is debit C. Fixed Asset D. Fixed Liability
A. cash, credit electricity. E. Trade debtors.
B. cash, credit Michael Johnson. 59. The following are examples of current assets
C. electricity, credit cash. EXCEPT
D. Michael Johnson, credit cash. A. bank B. cash C. debtors
E. Michael Johnson, credit electricity. D. furniture E. stock.
44. The main purpose of preparing a trading account is 60. A sales ledger contains the account of
to ascertain A. creditor B. debentures C. debtors
A. accumulated fund B. capital D. investors E. shareholders
C. gross profit D. net profit E. purchases
45. A piece of office equipment used for storing files PAPER Il:
and other important documents in the office is a/an MULTIPLE CHOICE
A. incoming tray B. office drawer C. outgoing
tray D. steel cabinet E. temporary file. 1. Which of the following BEST defines Shorthand?
46. Which of the following is NOT a disadvantage of An art of writing
dictating machine? A. characters and symbols.
A. Enhances contact between the typist and the B. signs and memorization.
executive. C. using principles and outlines to represent
B. Requires dictating skill rather than shorthand spelling of words.
skill. D. using short forms and outlines to represent
C. Risk of erasure of dictated information. spelling of words.
D. Typist may Jose her speed and skill. E. using signs and symbols to represent sounds.
E. With the use of earphone, unnecessary 2. lsaac Pitman published the first edition of his
conversation is checked. Shorthand work in the year
47. The machine used to hold two or more papers A 1830 B. 1837 C.1847 D.1855E.1957
together is the machine. 3. The following are consonants with heavy sound
A. adding B. duplicating C. franking EXCEPT
 A. dee B. ef C. vee D. zee E. zhee 22. A good phrasing leads to
4. There are positions in writing an outline in Pitman A. correct words writing.
Shorthand. B. doubling principle. C. good outlines.
A. two B. three C. four D. five E. six D. high speed. E. proper writing
5. Short forms are BEST defined as outlines that 23. When three vowel sounds occur within a word, it is
A. are difficult to represent. referred to as
B. are easy to represent. A. diaphone B. diphthong C. homonym
C. are used instead of phrase. D. homophone E. triphone
D. deviates from real principles but used to facilitate 24. The word ‘largely’ is indicated correctly in
speed in writing. shorthand as
E. follows the real principles of Pitman Shorthand.
6. What does the sign x represent in Pitman
Shorthand? 25. What is the basic difference between the st and
A. Colon B. Comma C. Full stop ster loop? The ster loop is
D. Parenthesis E. Semi-colon A. a circle while the st is oval in shape.
7. A hyphen sign placed under an outline, means B. a shortform while the st is an outline.
A. capitals B. delete C. initial capital C. larger than the st loop.
D. lower case E. underscore D. oval in shape and larger than the st which is a
8. The following longhand punctuation marks have circle.
different signs or symbols in Pitman shorthand E. written at the middle of a word while St appears
EXCEPT at the end.
A. comma B. exclamation mark 26. There are vowels in Pitman shorthand.
C. full stop D. parenthesis A. four B. six C. nine D. twelve E. twenty
E. question mark. four.
27. In halving of single syllable words like pet, bet, etc.,
9. This shorthand outline . Means a light stroke is shortened to indicate a preceding
A. “first time” B. first of the time” A. heavy stroke B. heavy vowel C. light stroke
C. “for first time” D. “for the first time” D. light vowel E. long stroke.
E. “from first time” 28. Which of these words is a representation of correct
10. The following are single syllable words EXCEPT application of sway circle?
A. bet B. cat C. daily D. fed E. peg A. Say B. Several C. Sour D. Sow
11. The following are consonants with straight strokes E. Sweet.
EXCEPT 29. Which of these words is written in short form?
A. chay B. gay C. jay D. pee E. zee A. Announced B. Guessed C. Honest
12. The following are words containing double D. Influenced E. Supposed.
consonant EXCEPT 30. A circle is usually written curves.
A. fly B. principal C. stain D. tractor E. trail. A. before B. between C. by D. inside E. on
13. Which of these is an intersection? 31. The art of producing written words with machine is
known-as
A. computing B. duplicating C. typewriter
D. typewriting E. word processing
14. Which of the following is NOT a compound 32. In cleaning the typewriter, the following instruments
consonant? are used EXCEPT
A. Emb B. Gwa C. Hwa D. Kwa E. Zhee A. clean duster B. cotton wool
15. In representing words like describe, disgrace, etc., C. hard brush D. soft brush
the circle under the outline between two strokes E. spirit (methylated)
include the sound of 33. How many fingers are involved in typing the word
A. g and r B. s and r C. s and g ‘ADD’?
D. s and k E. s and t A. One B. Two C. Three D. Four E. Five
16. In Pitman shorthand, we have two forms of the 34. Which of the following is used to adjust the typing
following consonants EXCEPT sheet slightly when typing is in progress?
A. H, K and L B. H, L and R C. H, P and R A. Line space lever B. Line space regulator
D. H, R and B E. L, K and R C. Paper bail D. Paper release lever
17. Light and heavy sounds are usually represented E. Paper scale.
by strokes. 35. The ribbon is usually carried on — spools.
A. half and full B. light and thick A. one B. two C. three D. four E. five
C. long and short D. long and thick 36. Which of the following is the function of a tine-
E. short and long. space regulator? It
18. The word ‘sample’ is written as A. controls the distance that the paper turns up
when
the carriage is returned by the lever.
B. frees the carriage so that it can move easily.
C. is the large knob at each end of the cylinder
D. is used to adjust the margin stops that control the
19. Which of the following words contains a triphone?
width of the margin on paper.
A. Abide B. Bell C. Pay D. Voyage
E. is used to return the carnage and to space up the
E. Welfare.
paper for the start of a new line of typing.
20. Which of the following vowels produces the
37. Before typing commences, ensure the width of the
diphthong i?
margin on each side of the paper is set with the aid
A. A and e B. A and h C. A and i
of the
D. O and I E. O and u
A. alignment scale B. cylinder knobs
21. The following are words containing diphthong
C. margin sets D. margin stop
EXCEPT
E. paper bail.
A. boy B. fly C. may D. pie E. you
38. Mistakes made on a stencil can be corrected by the D. retain the original word.
use of E. start a new paragraph.
A. black correcting fluid B. pencil-type eraser 53. A memorandum should NOT contain
C. pink correcting fluid D. razor blade A. date and reference.
E. tippex. B. date and subject heading.
39. Which finger is used to hold down the left shift C. name and address.
key while typing? The finger. D. name and date.
A. 1st B. 2nd C. 3rd D. 4th E. 5th E. name and reference.
40. The two main types of typewriter are 54. When typing a document in hanging paragraph, the
A. computer and manual. second and subsequent lines are typed
B. electric and computer. spaces to the right of the first line.
C. electric and portable. A. one B. two C. three D. four E. live
D. manual and electric. 55. The sign (NP) means paragraph
E. portable and manual. A. begin B. hanging C. new D. old E. side
41. Which of the following marks on the margin 56. A drawn up activities with time and places of
indicates a new paragraph? function prepared for your boss who is to travel for
A.I-I B. # C. D. E. - three days is called
42. The ‘A’ finger is the A. circular B. itinerary C. letter
A. fourth finger of the left hand. D. memo E. menu
B. fourth finger of the right hand. 57. The sign (stet) in typewriting means
C. second finger of the left hand. A. change the position of the word.
D. second finger of the right hand. B. change the word.
E. thumb finger of the left hand. C. delete the word crossed.
43. Uneven left margin is caused by which of the D. retain the word.
following poor techniques? E. type the word in upper case.
A. Faculty carnage return. 58. In typing, the best way to divide the word “shopping”
B. Leaning on the space bar. at margin end is
C. Not releasing keys quickly. A. sh-opping B. sho-pping C. shop-ping
D. Poor wrist position. D. shopp-ing E. shoppi-ny
E. Releasing shift key too soon. 59. The abbreviation (mtg) means
44. Shift keys are used to make a letter A. meal time B. meant C. meating
A. brace B. capital C. cedilla D. cent D. meaty E. meeting
E. small. 60. Double underscore underneath words usually
45. A4 side paper is MOSTLY used for typing means that such words are to be typed in
A. literary work. A. small letters B. spaced capital
B. long report or document. C. spaced small letter D. unspaced capitals
C. personal letters D. short letters E. unspaced small letters.
E. shod notices.
46. The number of lines that can be typed on A4 size BUSINESS STUDIES PAPER I 2011
paper s
A. 35 B 50 C. 60 D. 70 E. 78
1. A 11. A 21. D 31. A 41. B 51. D
47. When using indented paragraph, spaces are
2. B 12. A 22. E 32. D 42. A 52. E
left to the right of the second and subsequent lines.
3. B 13. A 23. A 33. D 43. A 53. C
A. one B. two C. three D. five E. five or six
4. A 14. A 24. C 34. C 44. C 54. E
48. A thin paper coated with colour and used between
5. A 15. E 25. B 35. C 45. D 55. D
sheets of paper for writing or typing is called
6. A 16. A 26. B 36. C 46. A 56. E
paper.
7. E 17. B 27. D 37. C 47. E 57. B
A backing sheet B. carbon C. flimsy
8. B 18. D 28. B 38. D 48. C 58. B
D. letterhead E. typing sheet
9. D 19. C 29. E 39. C 49. E 59. D
49. The following are the different sizes of paper used
10. B 20. A 30. E 40. C 50. C 60. C
in typewriting EXCEPT
A. A4 B. A8 C. foolscap D. octavo
E. quarto.
50. A shoulder heading is
A. always typed in lower case.
BUSINESS STUDIES PAPER II 2011
B. the same as main heading.
C. the same as subheading.
D. typed above the paragraph. 1. E 11. E 21. C 31. D 41. D 51. E
E. typed on the line of the paragraph. 2. B 12. A 22. D 32. B 42. A 52. A
51. In the printer’s correction signs, what does ‘#‘ 3. B 13. D 23. E 33. B 43. A 53. C
means? 4. B 14. A 24. D 34. D 44. B 54. E
A. Insert comma B. Insert full stop 5. D 15. B 25. C 35. B 45. B 55. C
C. Insert inverted comma. 6. C 16. A 26. D 36. E 46. D 56. B
D. Insert question mark. E. Insert space. 7. A 17. B 27. C 37. C 47. E 57. D
52. The sign (trs) means 8. A 18. A 28. E 38. C 48. B 58. C
A. change the position. 9. D 19. D 29. D 39. D 49. B 59. E
B. delete the cross word. 10. C 20. C 30. A 40. D 50. D 60. B
C. leave the position.

BASIC EDUCATION CERTIFICATION (JSS 3)

Past Questions with Solutions
BUSINESS STUDIES 2010
 ============================================================================ ============
SECTION 1: OBJECTIVE QUESTIONS (C) name of the customer.
(d) suppliers’ indebtedness.
1. An office can be defined as (e) suppliers’ invoice number.
(a) an area where we buy and sell. 12. The following are examples of source
(b) any room in which a particular kind of documents EXCEPT
business is transacted or services provided. (a) cash book (b) cheque (C) credit note
(c) centre of all learning activities. (d) debit note (a) invoice
(d) location where sporting activities are held. 13. Which of these is a documentary evidence in
(e) place for reading and writing. account?
2. The closed plan set-up of an office is (a) Cash book (b) Invoice (c) Petty cash book
sometimes called (d) Purchases day book (e) Sales day book
(a) centralized plan (b) cubicle 14. The accounting principle which states that for
(c) floor space (d) open plan (e) work-flow every debit entry there must be a
3. As the head of the recruitment department in corresponding credit entry and vice-versa is
your office, which of the following would you called entry.
consider NOT important for employing an (a) contra (b) credit (c) debit
applicant? (d) double (e) lone
(a) Intelligence (b) Punctuality (c) Reliability 15. A transaction affecting both the cash and bank
(d) Requisite formal qualification (e) Stature columns of the cash book is known as entry.
4. The following are the qualities of a clerical staff (a) contra (b) control (c) credit
EXCEPT (d) debit (e) double
(a) arrogance (b) carefulness (c) courtesy 16. A purchases ledger contains the account of
(d) diligence (e) pleasant appearance (a) creditors (b) debentures (c) debtors
5. Where does the clerical activity of an (d) investors (e) share holders
organization take place? 17. Another name for sales ledger is ledger.
(a) Board room (b) Conference room (a) creditors’ (b) debtors’ (c) general
(c) Office (d) Shop (e) Warehouse (d) personal (e) purchases’
6. The following factors are considered in setting 18. The simplest form of a ledger has a total of
up a retail trade EXCEPT columns.
(a) Capital (b) Customers’ loyalty (c) Location (a) 2 (b) 4 (c)6 (d)8 (e)10
(d) Supplying source (e) Transportation 19. The office where the receptionist works is
7. The factor of production that receives rent as called
its reward is (a) canteen (b) close office (c) open office
(a) agent (b) capital (c) entrepreneur (d) reception (e) studio
(d) labour (a) land 20. Which of these will a filing clerk find MOST
8. Which of these is NOT true of a sole useful in carrying out his duty?
proprietorship business? (a) Calculator (b) Computer (c) Perforator
(a) Easy to form. (d) Photocopying machine (e) Telephone
(b) The owner can take decisions alone.
(c) The owner takes the profit alone. Date : …………………………. Time:……………………….
(d) There is business continuity if the owner Message for……………………………………………………
dies. Name of Caller ……………………………………………….
(e) There is time devotion to business. Will call again …………..(Tick as appropriate
9. An individual who owns his capital and runs Please Ring Back on … (caller’s Telephone No.)
his business alone is called a/an Message Taken by ………………………………………….
(a) businessman (b) chief executive Date: ………………………… Time:…………………………
(c) entrepreneur (d) managing director
(e) sole proprietor
10. Which of the following business organization
derives its capital from tax payers?
(a) Co-operative (b) Limited liability company 21. The above diagram is called a/an
(c) Partnership (d) Public enterprise (a) blue print (b) insurance form
(e) Sole proprietorship (c) messenger’s message pad
11. An invoice contains the following information (d) telephone message pad (e) visitor’s form
EXCEPT the
(a) account number. Date Name Address Dept/Unit Comment
(b) date which the transaction is recorded. of visitor Visited
 (b) Multiple Column Cash Book
22. The above document is a sample of (c) Petty Cash Book
(a) cheque (b) debit note (c) request form (d) Single Column Cash Book
(d) school register (e) visitors’ book (e) Three Column Cash Book
23. A good filing system must have the following 35. The book for recording cash receipts and cash
basic features EXCEPT payment for small items is known as
(a) accessibility (b) flexibility (c) safety (a) cash book (b) cash transaction
(d) similarity (e) simplicity (c) petty cash book (d) purchases day book
24. The two major divisions of trade are (e) sales day book
(a) commerce and industry 36. Cash payment is used in setting bills involving
(b) home and foreign (c) import and export (a) large amounts (b) large organizations
(d) sole trade and partnership (c) legal tenders (d) small amounts
(e) wholesale and retail (e) small organizations
25. A trader who buys goods in small quantities for 37. In this expression:
sale to consumers is called Rate of Stock Turnover = a
(a) hawker (b) petty trader (c) retailer Average Stock
(d) small scale trader (e) wholesaler.
26. The following are types of banks EXCEPT What does ‘a’ stand for?
bank. (a) Assets (b) Closing stock
(a) agricultural (b) centre (c) commercial (c) Opening stock (d) Purchases (e) Sales
(d) general (e) mortgage 38. Consumable items used in the office are
27. The type of bank which aids business and generally referred to as
individuals in day to day transaction is called (a) consumables (b) office stock (c) petty cash
bank. (d) special items (e) stationery
(a) central (b) commercial (c) development 39. The buyer’s signature on an invoice indicates
(d) industrial (e) merchant his/her
28. Deposits into savings account is usually made (a) acceptance of the amount owed to the
with the use of book. supplier.
(a) cheque (b) ledger (c) pass (d) saving (b) acceptance of the amount paid to the
(e) withdrawal supplier.
29. Which of the following is NOT a type of (c) intention to pay promptly.
insurance policy? (d) preparedness to reject damaged goods.
(a) Fire (b) Life (c) Marine (d) Subrogation (e) willingness to separate items in good
(e) Vehicle condition and pay for them.
30. The payment made when the event insured 40. The filling system most commonly used by
against occurs is called business organizations in Nigeria is
(a) contribution (b) indemnity (c) insurance (a) desk (b) electronic (o) lateral
(d) premium (e) subrogation (d) shelf (e) vertical
31. Businesses are able to cover the risks of their 41. The following are importance of stock control
business transaction through EXCEPT that
(a) advertising (b) banking (c) communication (a) it determines maximum level of stock held
(d) insurance (e) transaction at any given time.
32. What is the balance of the cash account (b) it is necessary to have a minimum and re-
below? order levels.
Cash account (c) stock control acts as a check against
# # possible damage and fraud.
Feb; 2 capital 600 Feb; 3 purchases 400 (d) stock control ensures that receipt is given
9 sales 700 10 Ojo’s 100 to the carrier.
15 Ojo’s 500 16 350 (e) stock represents part of the capital of a
(a) # 600 (b) #950 (c) #1200 (d) #1800 (e) #2000 business.

33. Which column of the cash book is for 42. Which of the following office equipment can
recording the page of transaction? store, retrieve and process information?
(a) Amount (b) Date (C) Discount (a) Calculator (b) Computer (c) Duplicator
(d) Folio (e) Particulars (d) Photocopier (e) Typewriter
34. Which of the following analyzes cash 43. A perforating machine performs the function of
expenses into various subheads? (a) boring a hole on papers.
(a) Double Column Cash Book
 (b) filing documents serially. (c) cash book (d) profit and loss account
(c) holding documents with a tag. (e) trading account
(d) keeping documents intact. 56. The trading account is prepared to determine
(e) pinning papers together. (a) gross profit/loss (b) net profit/loss
44. The following machines can process data (c) net sales (d) overall purchases
EXCEPT machine. (e) profit and loss incurred.
(a) adding (b) calculating (c) franking
(d) listing (e) punch card Use the following in formation to answer
45. The method of copying used when it is question 57.
necessary to reproduce two or more colours #
simultaneously is Gross Profit b/d 40,000
(a) coloured carbon paper (b) offset litho Rent paid 10,000
(c) photocopier (d) spirit duplicator Electricity paid 2,000
(a) stencil duplicator Stationery 1,200
46. Through advertising consumers are able to G.S.M. calls paid 250
know more about products. Discount allowed 230
(a) existing (b) expired (c) few
(d) new (a) special 57. What is the net profit for the period?
47. An advertisement medium suitable for (a) #24,230 (b) #26,320 (C) #28,320
products requiring demonstration is the (d) #30,000 (e) #40,000
(a) journal (b) magazine (c) newspaper 58. These items appear on the right hand side of
(d) radio (e) television the balance sheet EXCEPT
48. All these are means of transportation in (a) capital (b) cash at bank (C) machinery
Nigeria EXCEPT (d) premises (e) stock
(a) air (b) canal (c) rail (d) road (e) water 59. The following are examples of nominal
49. The movement of people and goods from one accounts EXCEPT
place to another is called (a) building (b) discount allowed
(a) advertising (b) banking (c) communication (c) electricity (d) insurance (e) rent
(d) transportation (e) warehousing 60. The following are examples of fixed assets
50. Inland water ways refer to the transportation EXCEPT
system on these navigable rivers EXCEPT (a) building (b) debtors
River (c) furniture and fittings (d) machinery
(a) Anambra (b) Benue (c) Kaduna (e) motor vehicles
(d) Niger (e) Nile
51. The two main methods of communication are SECTION II: THEORY
and 1. (a) What is store requisition form?
(a) GSM, landline (b) Internet, e-mail (b) List any FOUR office equipment that are
(c) Oral, written (d) Post office, telephone manually operated.
(e) Telephone, telegram (c) List any TWO office machines that are
52. Which of these is NOT a written means of electrically operated.
communication? (d) Mention TWO importance of stock control.
(a) Circular (b) Intercom (c) Letter 2. The following balances were extracted from
(d) Memo (e) Notice the books of Mrs. Nnadi Josephine on 31st
53. Which of the following is NOT a function of a December, 2009.
trial balance? #
(a) Assists in detecting computation error. Stock 1/1/2009 3,000
(b) Helps the book-keeper to pay attention to Stock 31/12/2009 1,660
details. Sales 50,600
(c) Makes for adherence to double entry rules. Insurance Premium 400
(d) Makes for easy identification of error. Electricity Bill 1,200
(e) Stops all forms of error. Salaries 3,400
54. The summary of a list of balances extracted Transport Expenses 1,000
from the ledger is called Return Outward 5,000
(a) balance sheet (b) grading account Purchases 32,400
(c) journal (d) profit and loss account
(e) trial balance You are required to prepare a Trading, Profit and
55. Gross Profit is transferred to Loss Account of the business for the year ended
(a) asset account (b) balance sheet 31st December, 2009.
 their stethoscopes or lawyers who put their gowns and
3. (a) Write the following words, phrases and wigs in the wardrobe to pursue business?
short forms in shorthand (Pitman 2000), twice Why do they take their decisions? This question can
each. be answered resting solidly on Economics and
1. fade Business Studies. The doctor and lawyer must of
2. memo necessity learn the rudiments of business studies to
3. nice make a success of his/her choice. It must quickly be
4. we-had made known that Business Studies in the Junior
5. would-have School lays he foundation for the pursuit of
6. this-is Economics, Accounting and Commerce in the Senior
7. all Secondary School.
8. could On a final note, business is of utmost but a clean
9. any business is of utmost importance. Successful
10. knowledge businessmen/women achieve what they do through
hardwork, steadfastness and probity.
3. (b) Write the following in Longhand. You cannot afford not to imbibe these qualities if you
(Pitman 2000) want to join the group of respected, great achievers
particularly in business circles.

BUSINESS STUDIES 2010

BUSINESS STUDIES IS IT?

Yes, business brings money, it brings fame and

comfort. Most of the richest people in a country are
found among business men and business women.
Have you not heard or read about doctors who hang

BASIC EDUCATION CERTIFICATION (JSS 3)

Past Questions with Solutions
Business Studies 2009
============================================================================ ============
OBJECTIVE QUESTIONS A. leaking B. processing C. receiving D. recording
SECTION A: MULTIPLE CHOICE E. storing
7. Which of the following is NOT a document handled by a
1. How many types of office do we generally have in an receptionist?
organisation? A. Complimentary card B. Invoice
A. Five B. Four C. Six D. Three E. Two C. Organisation chart D. Register of callers
2. Which of the following is NOT a source of business E. Telephone message pad
capital for a one-man business? 8. Which of the following officers responds to a letter of
A. Borrowing from friends. enquiry?
B. Borrowing from relatives A. Director of Administration
C. Issuing of shares. D. Past savings B. Managing Director C. Purchasing Manager
E. Profit from previous operation D. Sales Manager E. Stores Officer
3. Which of these is NOT a reprographic machine? 9. The BEST way to open up a telephone conversation with
A Duplicator B. Off-set litho C. Photocopier a caller is
D. Shredder E. Type-set litho A announcing the company’s name.
4. Which department is concerned with staff matters, B. can help you?
welfare, training, transfers, recruitment and promotion? C “hello!”
A. Personnel B. Planning C. Purchasing D. “may I know you sir?”
D. Sales E. Transport E. “who s on line?”
5. A mail that is written and sent to someone within an 10. An instrument of payment drawn by a ha behalf o its
organisation is called mail customers is called
A. express B. external C. foreign D. internal E. local A. bank draft B. cash C. cheque D. money order
6. The following are methods of handling information in an E. postal order
office EXCEPT. 11. Which o these IS NOT an advantage of office machines?
 A. Boost tempo of activities within the office A. consumers B. purchasers C. subscribers
B. Elimination of fraud D. suppliers E. users
C. Little labour is involved 24. The greatest advantage a photocopier has over
D. They perform limited fun lions duplicating machine is that it
E. Time is economized A. can produce several copies of a document,
12. The correct methods for crossing cheques are B. has counting devices.
A general and open B. general and special C. is easy to operate.
C. ordinary and general D. restrictive and open D. is economical
E. special and closed E. produces exact copies of documents.
13. How long does a postal order stay before expiration? 25. The following are the methods of payment offered by the
A. One year B. Four months C. Seven as post office EXCEPT.
D. Six months E. Six weeks A. giro B. money order C. notes D. postal order
14. What does the abbreviation G.P.O. represent? E. stamps
A. General Personnel Office 26. The following are systems of office reproduction EXCEPT
B. General Post Office A. diaz reproduction / relief
C General Postal Order B. photo-mechanical spiriting/offset lithography.
D. Grant Purpose Office C. spirit duplication.
E. Great People’s Office D. stencil duplication
15. A person collecting items from the store is expected to E. typing of documents.
complete a/an 27. A form of business unit whose capital is derived mainly
A. request form from government is
B. requisition form A. cooperative. B. limited liability company.
C. stock card C. partnership D. public enterprise
D. stock control card E. sole proprietorship
E. stores receipt voucher 28. Ownership of a private company is restricted to 2 to
16. The is used to hold 2 or more sheets of papers persons.
together. A. 5 B 10 C. 20 D. 50 E. 100
A. calculator B. franking machine 29. What type of service is provided by those engaged in the
C. perforator D. stapler E. typewriter storage and distribution?
Item Details Number Quantity A. Commercial B. Construction C. Extractive
required D. Industrial E. Personal
30. The exchange of goods for goods is referred to as
17. The above format is an example of a stock A. barter B. business C. commerce D service
A card B. control card C. issue voucher E. trade
D. receipt voucher E. requisition form 31. Mazi Uchechukwu bought a car worth N250,000.00 six
18. What is another name for a stapling machine? years ago. Recently it was damaged beyond repairs and
A. Binding B. Collating C. Cutting D. Joining presents the case to the insurance company where. the
E Matching car was insured. What should the insurance do?
19. Which of these are the two basic types of typewriters? A. Buy a new car worth more than N250,000.00.
A. Electric and Manual. B. Give him N250,000.00 to buy a new car.
B. Imperial and Elite. C. Have nothing to do with him.
C. Mechanical and computer. D. Settle him with current value.
D. Olympia and Imperial. E. Sue him to a court of law.
E. Olympia and Pica. 32. Telephone is an example of communication.
20. Which of the following may NOT appear in a receipt? A. abstract B. non-verbal C. sign D. verbal E. written
A. Amount in words. 33. What is the name of the document sent by the seller to
B. Location of customer’s office. the buyer asking for debts to be paid?
C. Serial Number A. Enquiry letter B. Letter of reminder.
D. Signature of the customer. C. Letter of supply D. Statement of account.
E. Signature of the manager. E. Statement of affairs.
21. Which of these will you recommend to an office for the 34. What is the full meaning of the abbreviation “COD.’”?
storage of documents? A. Carriage Delivery B. Cash on Delivery
A. Chest B. Cupboard C. Filing cabinet C. Cost of Duty D. Cost on Delivery
D. Locker E. Table tray E. Credit on Delivery
22. The process whereby a typist learns the manual and 35. Sharing of profit on the basis of patronage is associated
electric typewriter is known as with
A. dual instruction method. A. cooperative B. limited liability companies
B. ideal learning. C. partnership D. public enterprises
C. modern instruction method. E sole proprietorship
D. novelty learning. 36. Which of the following media of advertising appeals most
E. skilled method of learning. to the deaf and dumb?
23. The people making use of telephone services are known A Cinema B. Loudspeaker C. Radio D. Signal
as E. Television
37. Madam Alice Nigeria Ltd received a phone call. The C. recorded delivery.
receptionist said on the phone Hello, who is speaking? D. redirected mail
What is wrong with this response? The receptionist E. registered letter.
A did not identify the company. 51. Which of the following mode of transportation is MOST
B. needs to have asked for the name of the caller convenient for transporting liquid?
C. refused to disclose her home-town. A Land B. Pipeline C. Rail D. Road E. Sea
D. should have shouted 52. The quantity, unit price and description of goods sold on
E. should have spoken in her native language. credit is conveyed on a/an
38. Uberrimae fidei in insurance means utmost A. cheque B. debit note C. invoice D. order
A. business B. course C. example D. faith E risk E. receipt
39. Mallam Bako made a telephone call under the same 53. Purchases journal is otherwise known as journal.
telephone exchange to his wife in a town where they live. A. bought B. cash C. credit D. purchase returns
What type of call is this? E. sales returns
A. Conference B. Intercom C. International 54. A document issued by the cashier as evidence of
D. Local E. Trunk. payment is known as
40. Which of these attracts a wider audience in advertising’ A. cash book B. debit note C. invoice D. order
A. Bill board B. Cinema C. Hand bill E. receipt
D. Radio E. Television 55. Which of the following statements BEST defines source
41. Which one of the following has no specific route? documents?
A. Cargo vessel B. Coastal liners A. Documents for preparing the balance sheet.
C. Ocean liners D. Special vessel B Documents required to register a business.
E Tramp liners. C Paper accompanying cash payments.
42. The penalty paid for using a ship above the days agreed D. Sources of idea for doing a business.
is called E. Sources of information for keeping the books of
A. claim B. demurrage C. discount allowed account.
D. policy fee E. penalty fee. 56. Gross loss N300
43. Which one of these is NOT true of Franking Machine? Rent N100
A. Can be owned by an individual Discount received N500
B. Has meter Discount allowed N 50
C. Impression is made in ink. Motor vehicle N1000
D. Operated under a licence. Calculate the Net profit or loss
E. The post office receives advance payment for its use. A. N50 Net profit B. N50 Net loss
44. The attention of present and potential customers is drawn C. N150 Net profit D. N150 Net loss E. N1050 Net loss
to the existence of a product by means of 57. Ette told his friend Adiza that the account kept with Unity
A. advertising B. banking C. commerce Commercial Bank, Calabar, is in ‘red’. What does Ette
D. communication E. transportation mean by this statement?
45. Advertising could be said to be A. Ette’s ledger was entered in red pen.
A. clear and full of jokes. B. His account had been frozen.
B. competitive and hot C His account has been overdrawn.
C. informative and distractive D. Much money is credited to his account
D informative and persuasive E. The bank is indebted to him.
E. persuasive and wasteful 58. In a Trial balance, a clerk discovered that discount
46. The following are true of rail transport EXCEPT that appears in debit and credit columns. What does the one
A. accidents are not common on credit side mean?
B. bad weather has no effect. A. Cash discount B. Discount allowed
C. it can carry heavy goods C. Discount received D. Discount reward
D. it is available in all states E. Trade discount
E. it is only suitable for long journeys 59. Where should Net profit be transferred to?
47. Communication is important in business because it A. Asset Account B. Balance Sheet
A. creates awareness in the minds of consumers C. Cash Book D. Purchase Account
B. ensures that finished products are distributed. E. Trading Account
C. facilitates contact between buyers and sellers. 60. Which of these is CORRECT for a Trading Account?
D increases the volume of sales A. Bears the telephone number of the business.
E. makes movement of goods possible B. Calculated after the profit and loss account.
48. A cheque has how many parties? C. Computed as at a particular date.
A. Five B. Four C. Six D. Three E. Two D. Prepared for a period of time.
49. The machine used in destroying secret but no longer E. Records fixed assets of the business.
needed documents is called machine
A. collating B. duplicating C. franking SECTION B: THEORY
D. photocopying E. shredding Answer all questions in this section.
50. An envelope with unstamped print is an example of 1. a. List any FIVE office machines. (5 marks)
A. business reply service b. Mention any TWO benefits of office machines. (2mks)
B. express letter c. State any THREE disadvantages of office
 machines. (3 marks) 3. a. Write the following words, short forms and phrases
in shorthand (Pitman 2000) twice each.
2. 2. Abdullahi and Sons maintains a petty cash on imprest 1. Face 6. Stay
system with a cost float of N500 per month. The following 2. Game 7. I do
details relate to the month of October, 2007. 3. Code 4. I 8. To have
October 2, 2007 paid sundry expenses N50 star 9. Which is
postage stamps N20 5. Do 10. Keep
October 5, 2007 paid for petrol N50
October 15, 2007 sundry expenses paid N60 4. b) Transcribe the following page to longhand
October 20, 2007 postage stamps N40
October 25, 2007 sundry expenses N50
You are required to record the above transactions in a
petty cash book on imprest system, having analysis
column of sundry expenses, postage and vehicle
expenses. (10 marks)

BUSINESS STUDIES 2009

1.A. 9.C 17.E 25.C 33.D 41.E 49.E 57.C

2.C 10.A 18.A 26.A 34.B 42.B 50.A 58.C
3.D 11.D 19.A 27.D 35.A 43.A 51.B 59.B
4.A 12.D 20.B 28.D 36.D 44.A 52.C 60.D
5.D 13.D 21.C 29.A 37.A 45.D 53.C
6.A 14.B 22.A 30.A 38.D 46.D 54.E
7.B 15.B 23.C 31.B 39.D 47.D 55.E
8.D 16.D 24.E 32.D 40.D 48.D 56.A