Business Studies JSS Two Objective Examination Questions

     

       

JSS Two Business Studies OBJ Examination Questions

   

The place in an office organization where clients and visitors are first attended to is called

A. Secretaria
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 include all of the following except

A.  Patience
B.  Flexibility
C.  Talkativeness
D.  Ability to operate a 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 equipment used by receptionists except

A.  Orders
B.  Visitor’s
C.  Hymnbook
D.  Payroll

6. The following is the equipment used by the 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 relationships 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 incoming mail 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, and 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 based on

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 invoices 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 regularly 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 the 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 it 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 the smooth flow of goods from the manufacturing centre to the consumption centre are 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 withdrawals 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 it.

A.  Cheque
B.  Banks
C.  Deposits
D.  money

33. _____ accepts deposits into a current account using a special form called a 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

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 by 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 who own cars.

A.  Vehicle insurance
B.  Fire insurance
C.  Bank insurance
D.  Burglary insurance

42. ______ is the breaking 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, equipment, etc to enable the purchaser licensee to begin a business.

A.  Business opportunity
B.  Bank
C.  marine
D.  Burglary

46. ______ involves anything insurable that concern se

A.
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 going for what you want and keeping of eye on the product that you want to buy based on your 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.  Bank
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 who is very trustworthy and honest.

A.  Capital
B.  Bank
C.  Transparency
D.  Dishonesty

55. ____ is been able to give an account and explanation of money given to a person.

A.  Bank
B.  Cheque
C.  Accountability
D.  Insurance

56. ____ is all about being upright and having more morals and integrity.

A.  Accountability
B.  Insurance
C.  Bank
D.  Probity

57. ____ is all about telling the public the truth about critical issues at all times.

A.  Bank
B.  Probity
C.  Insurance
D.  Truthfulness

58. ____ must not be seen to favour any group person or 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 acting 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 it.

A.  cheque
B.  banks
C.  deposits
D.  money

63. .......... Accepts deposits into a current account using a special form called a 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.

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 by 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 standards of signs and symbols

A.  printer correction
B.  fire insurance
C.  bank insurance
D.  burglary insurance

72. ............. is breaking 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 of 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, equipment, etc to enable the 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 account?

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 a transaction relating to an individual or organization is called

A.  personal account
B.  real account
C.  nominal account
D.  impersonal account

80. The account that records transactions relating to tangible things is called

A.  personal account
B.  real account
C.  nominal account
D.  impersonal account

81. A person who is responsible for keeping all petty cash transactions in an organization is known as .................

A.  operation manager
B.  receptionist
C.  petty cashier
D.  salesman

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 paragraphs 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