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

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

aeroplane

coasters

human porterage

ferries

2 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

The reward for capital is _________

interest

salaries

rent

profit

3 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

A person who types in an office is called

typist

stenographer

typer

clerk

4 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

Which of the following is NOT a source document?

credit not

delivery note

debit note

receipt

5 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

Things bought to be sold are called _________

sales

materials

goods

purchases

6 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

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

fire insurance

burglary insurance

life assurance

marine insurance

7 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

Another name for aids to trade is _________

direct services

ancillary services

indirect services

tourism

8 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

Trade between two countries is known as __________

boundary trade

home trade

local trade

foreign trade

9 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

Credit notes are usually printed in _________

blue

green

yellow

red

10 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

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

receiving visitors

attending to friends

handling of telephone

handling of message pad

11 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

When typing, the sound of warning bell indicates _________

give a space

be ready for a new line

begin new word

watch out for the end of the paper

12 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

An amount paid for insuring property is known as _______

compensation

surrender

burglary

premium

13 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

The principal book of account is called ________

cheque

cash book

journal

ledger

14 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

Another bane for producer is ___________

actors

manufacturer

ownership

models

15 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

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

interest

promotion

occupation

communication

16 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

All are types of bank account EXCEPT __________

fixed deposit account

current account

saving account

static account

17 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

The trading account is prepared to determine __________

overall purchases

gross profit/loss

net profit/loss

net sales

18 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

The correct sitting position when typing is to sit ____________

and type correctly

and relax yourself while typing

and keep your eyes on the machine

upright with your feet flat on the floor.

19 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

All these except one are advantages of one man business

quick decision

easy to start

little capital

legal entity

20 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

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

petty cash book

columnar cash book

one column cash book

two column cash book

21 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

The term profit means _________

selling price minus cost price

cost price plus selling price

selling price plus turnover

cost price minus selling price

22 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

Account used to record minor expenses is

trading profit and loss account

journal

petty cash book

ledger

23 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

Carbon papers are used for

producing copies with typing document

give colour to the typing document

making the document black

producing only a copy

24 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

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

market research

finances

entrepreneur

production

25 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

What is the use of a duplicating machine?

used for posting letters

used in reproducing more of a typed document in thousands

used for recording

used for typing

26 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

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

advertising

communication

production

ware housing

27 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

An example of intangible assets is _______

stock

motor vehicle

good will

building

28 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

All these are methods of payment EXCEPT ______________

cheque

cash

transfer

teller

29 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

How many consonant strokes do we have in Pitman shorthand?

20

24

8

12

30 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

Office with demarcation is known as _________

open office

co-ordinated

enlarged office

close office

31 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

Which of these is NOT true of a sole proprietorship?

the owner can take decision alone

easy to form

the business continuity if the owner dies

the owner takes the profit alone

32 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

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

protection

banking

insurance

saving

33 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

The following are parts of typewriter EXCEPT __________

shift key

carriage

insurance

space bar

34 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

Moving goods from Nigeria to China is called ________

production

import trade

gift trade

export trade

35 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

The following are the qualities of a clerical staff EXCEPT ___________

arrogance

carefulness

courtesy

diligence

36 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

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

value added tax

import duties

excise duty

personal income tax

37 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

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

advertising

communication

banking

transportation

38 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

An invoice contains the following information EXCEPT

account number

date which the transaction is recorded

supplier’s invoice number

name of the customer

39 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

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

premium

application

proposal

agreement

40 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

The payment to a staff after all deductions is called

basic pay

net pay

gross pay

allowance

41 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

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

extractive

distribution

construction

manufacturer

42 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

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

warehousing

transportation

advertising

communication

43 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

The officer in charge of the petty cash book is called

accountant

manager

petty cashier

cashier

44 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

A computer is said to be reliable because it __________

fast

accurate

strong

unique

45 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

Banking insurance, advertising, communication are known as _______

sales activities

aids to trade

production activities

profit activities

46 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

Who keeps the petty cash book?

secretary

petty cashier

accountant

petty recorder

47 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

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

typewriter

perforator

computer

printer

48 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

What the business owes the others is called _________

goodwill

assets

loan

liability

49 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

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

director

manager

supervisor

entrepreneur

50 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

To protect the platen when typing always, use a _________

plain sheet

backing sheet

carbon paper

tracing paper

51 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

Building, motor vehicle, plants are examples of __________

current assets

fixed assets

long term liabilities

liabilities

52 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

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

criminal redress

civil redress

administrative redress

personal redress

53 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

A credit entry in the same account is called ________

double entry

contra entry

single entry

triple entry

54 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

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

receipt

statement

invoice

bill of exchange

55 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

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

compensation

third party

marine

burglary

56 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

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

stamps

money order

cheque

telegraphic money order

57 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

_________ allows buyers and seller to trade without having physical contacts

communication

transportation

e-commerce

advertising

58 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

Which of the following is not office equipment?

television

table and chairs

stapler

typewriter

59 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

Production ends when the product gets to the _____

consumer

manufacturer

wholesaler

manager

60 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

An example of current assets is _____________

capital

gross profit

creditors

stock

61 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

People care for typewriter in order to _________

look beautiful when producing only a copy

make it look shinning

maintain it to the last

type more papers

62 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

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

subrogation

marine

life

five

63 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

Which of the following represents full stop in shorthand?

?

=

X

>

64 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

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

arithmetical

alphabetical

chronological

numerical

65 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

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

platen knot

camage

paper knot

shift key

66 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

Which of these is NOT a function of an office?

providing telephone services

collecting and receiving information

processing information

analyzing information

67 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

Oral communication can be made through ________

telephone

telex

telegram

business reply system

68 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

All are examples of retailers except

shop owners

hawker

kiosk owners

consumer

69 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

Which of these is a fixed asset?

building

stock

debtors

cash at bank

70 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

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

bank

comet

ware house

store

71 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

__________ is the difference between current assets and current liabilities

fixed capital

circulating capital

revolving capital

working capital

72 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

__________ is book of original entry

source document

profit and loss

journal

trading account

73 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

Which of the following is not a current asset?

prepayment

creditor

debtor

stock

74 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

The two major division of trade are _________

home and foreign

wholesale and retail

import and export

commerce and industry

75 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

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

net loss

purchasing profit

net profit

selling profit

76 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

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

store records

pay slip

stock records

pay roll

77 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

A cheque book is associated with _________

saving account

fixed deposit

foreign bank

current account

78 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

Another name for cylinder is ___________

shift lock

margine set

shift key

platen

79 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

The factor of production are ______

capital and entrepreneur

land and labour

capital and labour

land, labour, capital and entrepreneur

80 / 80

Category: BECE BUSINESS STUDIES PAST QUESTION

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

partnership

limited liability company

joint stock business

sole proprietorship

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