BECE BUSINESS STUDIES PAST QUESTIONS AND ANSWERS

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BECE/JSCE (BUSINESS STUDIES)

BECE BUSINESS STUDIES APP

Questions will be picked at random from the question bank.
You can use the NEXT button to move to the next question, use the PREV button to move to the previous question, the CLEAR button to clear any answer of your choice and you have the FINISH button to end the exam if you choose to.
Any question not answered before the end of the exam time, will be marked as wrong and the exam will end by itself. so try to attempt all questions on time.
Goodluck!

1 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

People care for typewriter in order to _________

maintain it to the last

look beautiful when producing only a copy

type more papers

make it look shinning

2 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

Which of these is NOT true of a sole proprietorship?

easy to form

the owner can take decision alone

the owner takes the profit alone

the business continuity if the owner dies

3 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

A document which shows the full details of workers’ pay is called _________

pay slip

store records

stock records

pay roll

4 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

The act of passing information from one person to another is known as ___________

ware housing

production

communication

advertising

5 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

Which of the following is not a typewriter’s part?

shift key

paper knot

camage

platen knot

6 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

The trading account is prepared to determine __________

net profit/loss

net sales

gross profit/loss

overall purchases

7 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

Another name for aids to trade is _________

direct services

tourism

indirect services

ancillary services

8 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

The amount paid periodically by policy holder to an insurance company is termed ___________

application

proposal

premium

agreement

9 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

A place where money and other valuable things are kept is called

bank

store

comet

ware house

10 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

The factor of production are ______

capital and entrepreneur

land and labour

land, labour, capital and entrepreneur

capital and labour

11 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

The movement of people and goods from one place to another is called __________

advertising

transportation

banking

communication

12 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

The following are parts of typewriter EXCEPT __________

carriage

space bar

shift key

insurance

13 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

What is the document issued by the supplier to indicate settlement of debt?

statement

bill of exchange

receipt

invoice

14 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

How many consonant strokes do we have in Pitman shorthand?

20

8

24

12

15 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

An invoice contains the following information EXCEPT

date which the transaction is recorded

supplier’s invoice number

name of the customer

account number

16 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

What the business owes the others is called _________

liability

assets

loan

goodwill

17 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

All these except one are advantages of one man business

legal entity

easy to start

quick decision

little capital

18 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

A cheque book is associated with _________

fixed deposit

current account

saving account

foreign bank

19 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

Credit notes are usually printed in _________

green

red

yellow

blue

20 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

The insurance policy on goods transported on water is known as __________

compensation

third party

burglary

marine

21 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

Another bane for producer is ___________

models

ownership

actors

manufacturer

22 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

The type of cash book which have both bank and cash columns without discount is called

one column cash book

petty cash book

columnar cash book

two column cash book

23 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

Moving goods from Nigeria to China is called ________

production

gift trade

export trade

import trade

24 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

Which of these is NOT a function of an office?

analyzing information

processing information

providing telephone services

collecting and receiving information

25 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

What is the use of a duplicating machine?

used for typing

used in reproducing more of a typed document in thousands

used for posting letters

used for recording

26 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

Things bought to be sold are called _________

purchases

goods

sales

materials

27 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

Production ends when the product gets to the _____

manager

manufacturer

consumer

wholesaler

28 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

To protect the platen when typing always, use a _________

plain sheet

tracing paper

backing sheet

carbon paper

29 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

__________ is the difference between current assets and current liabilities

working capital

revolving capital

circulating capital

fixed capital

30 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

Oral communication can be made through ________

telegram

telex

business reply system

telephone

31 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

An example of intangible assets is _______

building

stock

good will

motor vehicle

32 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

_________ allows buyers and seller to trade without having physical contacts

communication

advertising

transportation

e-commerce

33 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

The redress of a customer can be any of the following EXCEPT __________

administrative redress

civil redress

personal redress

criminal redress

34 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

A business man minimum member of two and maximum of twenty is known as ___________

joint stock business

partnership

limited liability company

sole proprietorship

35 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

Banking insurance, advertising, communication are known as _______

profit activities

aids to trade

sales activities

production activities

36 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

Which of the following industries takes raw materials from the earth?

distribution

manufacturer

extractive

construction

37 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

Trade between two countries is known as __________

local trade

home trade

boundary trade

foreign trade

38 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

The following are the qualities of a clerical staff EXCEPT ___________

courtesy

diligence

carefulness

arrogance

39 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

Building, motor vehicle, plants are examples of __________

current assets

long term liabilities

fixed assets

liabilities

40 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

The provision which a wise man makes against future occurrence of losses is called ________

banking

saving

protection

insurance

41 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

The officer in charge of the petty cash book is called

accountant

petty cashier

manager

cashier

42 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

A computer is said to be reliable because it __________

accurate

strong

unique

fast

43 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

The act of posing information from one person to another is known as __________

advertising

warehousing

communication

transportation

44 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

A credit entry in the same account is called ________

contra entry

double entry

single entry

triple entry

45 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

Who keeps the petty cash book?

secretary

petty recorder

petty cashier

accountant

46 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

Which of the following is not a modern form of transportation system?

human porterage

aeroplane

coasters

ferries

47 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

Office with demarcation is known as _________

enlarged office

close office

co-ordinated

open office

48 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

Which of the following is not a current asset?

stock

debtor

creditor

prepayment

49 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

Another name for cylinder is ___________

shift key

platen

margine set

shift lock

50 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

The two major division of trade are _________

commerce and industry

wholesale and retail

import and export

home and foreign

51 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

The system of filing whereby the first figures are used is _________

numerical

alphabetical

chronological

arithmetical

52 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

The person who co-ordinated other factors of production is called ______

entrepreneur

manager

director

supervisor

53 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

The payment to a staff after all deductions is called

net pay

basic pay

allowance

gross pay

54 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

Which of the following represents full stop in shorthand?

>

X

?

=

55 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

If the expenses of selling and running a business exceed the gross profit, it will result in __________

purchasing profit

net profit

selling profit

net loss

56 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

An office machine used to store data and to bring out information is called __________

computer

printer

perforator

typewriter

57 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

All are examples of retailers except

consumer

hawker

shop owners

kiosk owners

58 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

Carbon papers are used for

give colour to the typing document

making the document black

producing only a copy

producing copies with typing document

59 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

Which of these is a fixed asset?

building

cash at bank

debtors

stock

60 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

All these are methods of payment EXCEPT ______________

transfer

cheque

teller

cash

61 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

Any activities in which people engage themselves in order to earn a living is termed ___________

communication

interest

occupation

promotion

62 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

An example of current assets is _____________

capital

creditors

gross profit

stock

63 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

Taxes collected by government on locally made products are known as ___________

personal income tax

value added tax

import duties

excise duty

64 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

The correct sitting position when typing is to sit ____________

and keep your eyes on the machine

and type correctly

and relax yourself while typing

upright with your feet flat on the floor.

65 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

One of the following is NOT a duty of a receptionist?

receiving visitors

handling of telephone

attending to friends

handling of message pad

66 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

All are types of bank account EXCEPT __________

saving account

current account

fixed deposit account

static account

67 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

An amount paid for insuring property is known as _______

compensation

premium

burglary

surrender

68 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

Which of the following is NOT a type of insurance policy?

marine

life

subrogation

five

69 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

The reward for capital is _________

profit

interest

rent

salaries

70 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

Which of the following is NOT a source document?

delivery note

debit note

receipt

credit not

71 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

Which one of these is not a means of payment through the post office?

telegraphic money order

money order

cheque

stamps

72 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

Which of the following is NOT a procedure for drawing up a single business plan?

market research

entrepreneur

production

finances

73 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

__________ is book of original entry

trading account

journal

profit and loss

source document

74 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

The term profit means _________

selling price minus cost price

selling price plus turnover

cost price minus selling price

cost price plus selling price

75 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

Which of the following is not office equipment?

typewriter

table and chairs

television

stapler

76 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

An insurance policy that covers accidents at sea is known as _________

life assurance

fire insurance

burglary insurance

marine insurance

77 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

A person who types in an office is called

typer

typist

clerk

stenographer

78 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

When typing, the sound of warning bell indicates _________

give a space

watch out for the end of the paper

be ready for a new line

begin new word

79 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

Account used to record minor expenses is

petty cash book

journal

trading profit and loss account

ledger

80 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

The principal book of account is called ________

cash book

cheque

ledger

journal

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