These Business Studies questions and answers were pulled from our book (Business Studies questions for JSS 1); Compiled to serve as a reference material to help teachers draw up test and exam questions faster. It could also help students assess their level of exam preparation. Each sample question includes correct answers.
Sample Business Studies Exam Questions and Answers
TOPIC: BOOK-KEEPING
DIRECTION: Choose the correct answer from the lettered options.
1. _________ are items bought for resale.
A. Trading items
B. Consumer items
C. Disposable items
D. Sellable items
E. None of the above
2. What is a receipt?
A. It is a written order to a bank to pay a certain sum of money to another person or to the owner.
B. It is a book which the seller issues to the buyer in order to acknowledge receipt of payment for goods sold.
C. It is a document which the seller issues to the buyer in order to acknowledge receipt of payment for goods sold.
D. It is a document which the buyer issues to the seller.
E. None of the above.
3. In receipt of an invoice, Asawo discovered that a flash disk costing ₦2,000.00 which had been delivered to him was damaged. What document will the supplier return to Mr. Asawo for returning the damaged good?
A. Refund note
B. Damage note
C. Credit note
D. Debit note
E. Receipt
4. When already sold goods are returned to the seller, they are recorded in the ________.
A. returns outwards book
B. cash book
C. returns inwards book
D. ledger
E. purchases returns book
Click here to get the complete Business Studies questions for JSS 1
5. Goods invoiced worth ₦5,000.00 were sold to Kayode at less 2½% trade discount. How much would he pay?
A. ₦ 2,875.00
B. ₦3,875.00
C. ₦ 4,875.00
D. ₦ 5,125.00
E. ₦5,215.00
TOPIC: TYPEWRITING
DIRECTION: Choose the correct answer from the lettered options.
1. “LM21” in means _______.
A. set left margin as 21
B. left movement 21
C. set left margin as 21 and right margin as 21
D. lift manuscript 21 times
E. None of the above
2. Which of these keys is used for typing continuous capital letters?
A. Shift key
B. Shift lock key
C. Capital key
D. Space bar
E. None of the above
3. All of the following are the parts of a typewriter, except the _______.
A. ribbon switch
B. cylinder knobs
C. space bar
D. carriage release/lever
E. front spacer
4. How many “home row” keys are there?
A. 5
B. 4
C. 11
D. 8
E. 13
5. The average speed for a beginner ranges from _______ words per minute to ________ or more words for an advanced typist.
A. 25 – 60
B. 10 – 50
C. 20 – 70
D. 25 – 50
E. 25 – 80
