Business Studies JSS Two Objective Examination Questions

JSS Two Business Studies OBJ Examination Questions

1. The place in an office organization where clients and visitors are first attended to is called
A. Secretariat
B. Gateman’s office
C. Reception office
D. Production department
2. The staff of an office that is responsible for receiving and directing visitors and clients coming to the office is called
A. Secretary
B. Office receptionist
C. Gateman
D. Office assistant
3. The qualities of a receptionist includes all of the following except
A. Patience
B. Flexibility
C. Talkativeness
D. Ability to operate computer
4. Which of the following is not a duty of a receptionist?
A. Receiving visitors
B. Directing visitor
C. Operate office supplies
D. All of the above
5. Which of the following are equipments used by receptionist except
A. Orders
B. Visitor’s
C. Hymn book
D. Payroll
6. The following are equipments used by receptionist except
A. Computer
B. Telephone
C. Stamp pad
D. Printing machine
7. A receptionist should dress.
A. Neatly
B. Roughly
C. Ruggedly
D. All of the above
8. Office correspondence is very important in an organization because
A. It helps in maintaining proper relationship in an office
B. It serves as an evidence
C. It creates and maintains goodwill
D. All of the above
9. The written communication that passes through the messenger or the post office is called
A. Document
B. Mail
C. Transaction
D. Business
10. The following are involved in handling of incoming mails except
A. Receiving the mail
B. Opening the mail
C. Burning the mails
D. Recording the mails
11. Handling outward mail generally involves the following steps except
A. Entering the mail
B. Collection of outgoing mail
C. Voice recording
D. Preparation of envelopes
12. The outward mails are generally categorized into
A. Reading and editing
B. Local and outstation
C. Entering and collection
D. None of the above
13. The fastest and most convenient way of sending messages, data graphics through the internet is called
A. Electronic mail
B. Electronic inbox
C. Electronic view
D. Electronic sending
14. The organizing of correspondence and records in a proper sequence so that they can be easily located is
A. Grouping
B. Sourcing
C. Sending
D. Filling
15. Files are classified on the basis of
A. Numbers
B. Subject wise
C. Alphabet
D. All of the above
16. Which of the following is not a document used in an office
A. Letter of inquiry
B. Quotation
C. The order
D. Police report
17. An invoice contains
A. Number of invoice and date of issue
B. Order number of the buyer
C. Customers’ name and address
D. All of the above
18. ______ is a liquid fund given by a customer to a provider of goods and services
A. Cheque
B. Paper
C. Cash
D. Invoice
19. The party upon whom a Cheque is drawn is
A. Drawee
B. Payee
C. Cashier
D. Secretary
20. _____is the party who presents a Cheque for payment
A. Drawee
B. Payee
C. drawer
D. Cashier
21. The party who draws a Cheque upon a specified banker id called_
A. Drawee
B. Payee
C. Postal
D. Drawer
22. The financial instrument that allows a person to make a payment to someone else without using cash, Cheque, credit cards or other methods is known as
A. Standing order
B. Postal order
C. Money order
D. Payee
23. The type of payment under which one account holder instructs a bank to pay a specified amount directly from his or her account on a regular basis is known as
A. Money order
B. Postal order
C. Standing order
D. Postal order
24. The art of buying goods and services is called
A. Commerce
B. Transaction
C. trade
D. None of the above
25. Trade is important because
A. It is essential for satisfaction of human wants
B. It deprives consumers of making their choices
C. It provides goods and services at high prices
D. Provision of irrelevant service to the customers
26. The trade conducted within the political and geographical boundaries of a country is
A. Foreign trade
B. Home trade
C. External trade
D. International trade
27. When an entrepreneur buys a commodity in large quantities from producers or manufacturers and sells in bits to retail buyers for resale to consumers is known as
A. retail trade
B. Wholesale trade
C. Import trade
D. Export trade
28. Another name for foreign trade is called
A. Internal trade
B. Home trade
C. External trade
D. Boundary trade
29. All the activities that facilitate smooth flow of goods from manufacturing center to the consumption center is called
A. Trade
B. Export trade
C. Foreign trade
D. Aids to trade
30. The following are aids to trade except
A. Insurance
B. Advertising
C. Warehousing
D. Security
31. _____ is an account that is said to be current due to the frequent withdraws of money.
A. Deposit account
B. Current account
C. Cheque account
D. Accept account
32. _____ is a place where money is kept until the owner requires for it.
A. Cheque
B. Banks
C. Deposits
D. money
33. _____ accepts deposits into a current account by means of special form called pay in slip.
A. Cheque
B. Accepting deposit
C. Fixed deposit
D. Saving account
34. _____ is the withdrawal of money from the commercial bank on demand of the authorization signatory to the account.
A. Saving account
B. Withdrawal of money
C. Cheque
D. Bank
35. ______ is a deposit account and a special form of account where money is not immediately needed over a specific period of time
A. Saving account
B. Fixed deposit account
C. Current account
D. Normal account
36. _____ Account is similar to the deposit account.
A. Cheque
B. Saving account
C. Normal account
D. Deposit account
37. _____ is money borrowed from the bank by an individual.
A. Saving
B. Overdraft
C. Nominal account
D. Deposit account
38. ______ is a foreign currency approved from the central bank.
A. Cheque
B. Foreign exchange
C. Overdraft
D. Insurance
39. ______ is the protection against the loss of property and life.
A. Bank
B. Insurance
C. Overdraft
D. Cheque
40. One of the following is a type of insurance.
A. Exchange insurance
B. Life insurance
C. Cheque insurance
D. Bank insurance
41. _____ is a form of insurance for people that own cars.
A. Vehicle insurance
B. Fire insurance
C. Bank insurance
D. Burglary insurance
42. ______ is the breaking and entering into an apartment or house and stealing of the owner’s property.
A. Burglary insurance
B. Fire insurance
C. Bank insurance
D. hazard insurance
43. ______ agrees that no amount of money can pay for life of an individual. And it is the assuring of life of a person.
A. Life assurance
B. marine insurance
C. Fire insurance
D. vehicle insurance
44. ______ minimize the risk of ownership of people and properties.
A. insurance
B. Bank
C. Credit
D. charges
45. _____ involves the sale and lease of products, services, equipments, etc to enable purchaser licensee to begin a business.
A. Business opportunity
B. Bank
C. marine
D. Burglary
46. ______ involves anything insurable that concern sea.
A. marine
B. Burglary
C. Fire
D. Bank
47. _____ is a constant source for ideas to prosperous in business.
A. Entrepreneurship
B. Bank
C. Cheque
D. Marine
48. _____ are necessities that one needs to have in his or her own life.
A. Needs
B. Bank
C. Cheque
D. handset
49. _____ is the going for what you want and keeping of eyes on the product that you want to buy based by your own satisfaction over a product.
A. Consumer right
B. Bank
C. Market
D. Fire insurance
50. Among the following are the basic needs of a man except?
A. Fish
B. House
C. Clothes
D. Food
51. ____ refers to goods and services which are desired for consumption.
A. Bank
B. Cheque
C. Wants
D. Demand
52. Another name for want is ____
A. Cheque
B. Bankm
C. Ends and desire
D. Demand
53. What are the aims of the idea of TAP?
A. Fight over money
B. Fight over women
C. Fight over corruption
D. Fight over men
54. ____ is a person that is very trust worthy and honest.
A. Capital
B. Bank
C. Transparency
D. Dishonesty
55. ____ is been able to give account and explanation over money given to a person.
A. Bank
B. Cheque
C. Accountability
D. Insurance
56. ____ is all about been upright and having more moral and integrity.
A. Accountability
B. Insurance
C. Bank
D. Probity
57. ____ is all about telling the public the truth about critical issues at all time.
A. Bank
B. Probity
C. Insurance
D. Truthfulness
58. ____ must not be seen to favour any group or person or an entity.
A. Truthfulness
B. lie
C. Probity
D. Fairness
59. ____ is been open to the public over a debate or criticism.
A. Fairness
B. Truthfulness
C. Lie
D. Openness
60. _____ is the laid down of procedures for carrying out an action especially the government contracts.
A. Lie
B. Fairness
C. Truthfulness
D. Due process
61. .......... Is an account that is said to be current due to the frequent withdraws of money
A. deposit account
B. current account
C. cheque account
D. accept account
62. ......... is a place where money is kept until the owner requires for it.
A. cheque
B. banks
C. deposits
D. money
63. .......... Accepts deposits into a current account by means of special form called pay in slip.
A. cheque
B. accepting deposit
C. fixed deposit
D. saving account
64. ............ is the withdrawal of money from the commercial bank on demand of the authorization signatory to the account.
A. saving account
B. withdrawal of money
C. cheque
D. bank
65. ........... Is a deposit account and a special form of account where money is not immediately needed over a specific period of time.
A. saving account
B. fixed deposit account
C. current account
D. normal account
66. ............. Account is similar to the deposit account.
A. cheque
B. saving account
C. normal account
D. deposit account
67. .............. is money borrowed from the bank by an individual.
A. saving
B. overdraft
C. nominal account
D. deposit account
68. ............... is a foreign currency approved from the central bank?
A. cheque
B. foreign exchange
C. overdraft
D. insurance
69. ...... is the protection against the loss of property and life.
A. bank
B. insurance
C. overdraft
D. cheque
70. One of the following is a type of insurance.
A. exchange insurance
B. life insurance
C. cheque
D. bank
71. ........... is a set of standard of sign and symbols
A. printer correction
B. fire insurance
C. bank insurance
D. burglary insurance
72. ............. Is the breaking and entering into an apartment or house and stealing of the owner’s property.
A. burglary insurance
B. fire insurance
C. bank insurance
D. hazard insurance
73. ...... Agrees that no amount of money can pay for life of an individual. And it is the assuring of life of a person.
A. life insurance
B. marine insurance
C. fire insurance
D. vehicle insurance
74. .............. Office is the front office an organization where all visitors to the organization are received.
A. reception
B. bank
C. principal
D. company
75. .............. Involves the scale and lease of products, services, equipments, etc to enable purchaser licensee to begin a business.
A. business opportunity
B. bank
C. marine
D. burglary
76. Which of the following is not a type of accounts?
A. personal account
B. impersonal account
C. default account
D. nominal account
77. ............. Is the account for recording transactions relating to losses, gains, expenses and incomes
A. personal accounts
B. nominal account
C. real account
D. duty account
78. The two sides of a ledger are known as............... and..................
A. credit and debit
B. sales and purchase
C. right and left
D. none of the above
79. The account of transaction relating to individual or organization is called.
A. personal account
B. real account
C. nominal account
D. impersonal account
80. The account that records transaction relating to tangible things is called.
A. personal account
B. real account
C. nominal account
D. impersonal account
81. A person that is responsible for keeping all petty cash transaction in an organization is known as .................
A. operation manager
B. receptionist
C. petty cashier
D. sales man
82. A small amount of money used to pay for small items like carbage, postage, telegrams, etc. is known as ...............
A. coins
B. petty cashier
C. administrative expenses
D. none of the above
83. A book in which daily records of the transactions relating to receipt and disbursements (payment of cash) are made is known as ...............
A. record book
B. journal
C. higher education notebook
D. cashbook
84. Which of the following is not a type of cashbook?
A. many column cashbook
B. simple column cashbook
C. double column cashbook
D. three column cashbook
85. The type of cashbook, which makes a record of all the receipts and payments of cash, is known as ..................
A. double column cashbook
B. simple column cashbook
C. three column cashbook
D. none of the above
86. The type of cashbook in which bank and cash columns are provided on each side is known as ..............
A. double column cashbook
B. three column cashbook
C. simple column cashbook
D. none of the above
87. The symbols and notation used for correcting typeset pages are called...............
A. correction signs
B. mistakes signs
C. proof reading signs
D. incorrect
88. A paragraph consists of .............
A. more than one sentence
B. one sentence
C. one phrase
D. more than one clause
89. The following are types of paragraph except ............
A. blocked paragraph
B. indent paragraph
C. hanging paragraph
D. complete paragraph
90. The type of paragraph in which the first line In each paragraph begins at five spaces to the right while subsequent lines begin at the left hand margin is called...........
A. blocked paragraph
B. indent paragraph
C. hanging paragraph
D. all of the above