Business Studies 2022 Objective — Question 1
Which of the following shows the full details of a worker's pay?
- A. Pay roll
- B. Cash pay
- C. Pay slipCorrect
- D. Pay cash
Explanation
A pay slip gives one worker's full pay details.
JSCE Business Studies 2022 Objective Past Questions
All 100 questions from the Junior Secondary Certificate Examination (JSCE) Business Studies 2022 Objective paper, with the correct answer and a full explanation for each. Free, no signup needed.
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Business Studies 2022 Objective — Question 2
Which is the most effective medium of advertising that can penetrate the remote part of the country?
- A. Catalogue
- B. Newspaper
- C. Magazine
- D. RadioCorrect
Explanation
Radio reaches remote areas where print does not.
Business Studies 2022 Objective — Question 3
Which of the following is a current liability?
- A. Bill payableCorrect
- B. Bill receivable
- C. Stock
- D. Cash
Explanation
A bill payable is a short-term debt owed.
Business Studies 2022 Objective — Question 4
The following are part of keyboarding EXCEPT ____
- A. Alphanumeric keys
- B. MouseCorrect
- C. Numeric keys
- D. Function keys
Explanation
A mouse is not part of the keyboard.
Business Studies 2022 Objective — Question 5
The movement of goods and passengers from one place to the other is known as .....
- A. tourism
- B. motoring
- C. hawking
- D. transportationCorrect
Explanation
Moving goods and people is transportation.
Business Studies 2022 Objective — Question 6
Which of these is NOT a quality of a book keeper?
- A. SubjectivityCorrect
- B. Integrity
- C. Accuracy
- D. Confidentiality
Explanation
A bookkeeper should be objective, not subjective.
Business Studies 2022 Objective — Question 7
____ is an external issue which is unfavourable for the achievement of the goals of an organization.
- A. Opportunity
- B. ThreatCorrect
- C. Strength
- D. Weakness
Explanation
In a SWOT analysis, a threat is external and unfavourable.
Business Studies 2022 Objective — Question 8
____ is the original document used to show that transactions have take place.
- A. Transaction document
- B. Subsidiary document
- C. Source documentCorrect
- D. Documental evidence
Explanation
The original document of a transaction is a source document.
Business Studies 2022 Objective — Question 9
The activities that fittes trade are called .....
- A. aids to tradeCorrect
- B. trade agents
- C. home trade
- D. origin trade
Explanation
Activities that assist trade are aids to trade.
Business Studies 2022 Objective — Question 10
____ is used to record goods returned to suppliers on credit.
- A. sales journal
- B. return outward journalCorrect
- C. return inward journal
- D. purchase journal
Explanation
Goods returned to suppliers go in the return outward journal.
Business Studies 2022 Objective — Question 11
One of these is NOT a tool of E-commerce.
- A. ATM
- B. social media
- C. E-televisionCorrect
- D. E-mail
Explanation
E-television is not an e-commerce tool.
Business Studies 2022 Objective — Question 12
Which of these is NOT a type of special journal?
- A. Purchase Journal
- B. Return inward Journal
- C. Return Outward JournalCorrect
Explanation
All listed look like special journals; best guess.
Business Studies 2022 Objective — Question 13
Goods kept in a warehouse are also called ____
- A. inventious
- B. inventoriesCorrect
- C. 'O' score
- D. iv option
Explanation
Goods in stock are inventories.
Business Studies 2022 Objective — Question 14
All of the following are parts of a typewriter EXCEPT ____
- A. Cylinder knot
- B. Space bar
- C. Front spacerCorrect
- D. Carriage release
Explanation
Cylinder knob, space bar and carriage release are typewriter parts.
Business Studies 2022 Objective — Question 15
The excess of gross profit over expenses is called ____
- A. yearly profit
- B. eat profit
- C. gross profit
- D. net profitCorrect
Explanation
Gross profit minus expenses is net profit.
Business Studies 2022 Objective — Question 16
____ is the act of buying goods and services from the wholesales in smaller quantities.
- A. RetailCorrect
- B. Wholesaler
- C. Home
- D. Foreign
Explanation
Buying from wholesalers in small quantities is retail.
Business Studies 2022 Objective — Question 17
Re-exporting of imported goods is called ....
- A. export
- B. import
- C. entrepotCorrect
- D. home trade
Explanation
Re-export of imports is entrepot trade.
Business Studies 2022 Objective — Question 18
A principal book into which accounts are transferred into from journal entries is called a .......
- A. journal book
- B. cash book
- C. personal ledger
- D. ledgerCorrect
Explanation
The ledger is the principal book of accounts.
Business Studies 2022 Objective — Question 19
The creation of goods and provision of services is known as .....
- A. productionCorrect
- B. education
- C. market
- D. extraction
Explanation
Creating goods and services is production.
Business Studies 2022 Objective — Question 20
The cash book with column for cash and bank is known as the .....
- A. ledger
- B. two column cash bookCorrect
- C. petty cash book
- D. sales ledger
Explanation
Cash and bank columns make a two column cash book.
Business Studies 2022 Objective — Question 21
An introductory card is a/an ..............
- A. admission card
- B. memorandum
- C. dossier
- D. business cardCorrect
Explanation
An introductory card is a business card.
Business Studies 2022 Objective — Question 22
What part of the computer is the brain of the computer?
- A. CPUCorrect
- B. Keyboard
- C. Mouse
- D. Monitor
Explanation
The CPU processes instructions.
Business Studies 2022 Objective — Question 23
Which of these is an example of skilled labour?
- A. BarberCorrect
- B. Doctor
- C. Fishermen
- D. Bricklayers
Explanation
A barber has a skill learned through training.
Business Studies 2022 Objective — Question 24
A trader purchased goods worth N12,000 and was given a trade discount of 5%. What is the amount of the trade discount?
- A. N450
- B. N500
- C. N600Correct
- D. N1,200
Explanation
5/100 × 12,000 = N600.
Business Studies 2022 Objective — Question 25
Any activity performed or service rendered which provide goods and services for people is known as ......
- A. professionCorrect
- B. career
- C. language
- D. business studies
Explanation
Best fit among the options.
Business Studies 2022 Objective — Question 26
A specific percentage that a seller allows the customer to deduct and encourage prompt payment is called .....
- A. discount
- B. cash discountCorrect
- C. trade discount
- D. cash book
Explanation
A discount for prompt payment is a cash discount.
Business Studies 2022 Objective — Question 27
A person who attends and directs visitors to the appropriate officers in an organization is ____
- A. secretary
- B. stenographer
- C. receptionistCorrect
- D. office attendant
Explanation
That is the receptionist's job.
Business Studies 2022 Objective — Question 28
Which one is NOT a right of the consumer?
- A. Right to be heard
- B. Right to seek redress
- C. Right to choose
- D. Right to credit facilitiesCorrect
Explanation
Credit facilities are not a consumer right.
Business Studies 2022 Objective — Question 29
Which of these is paid for from petty cash?
- A. Land
- B. StationeryCorrect
- C. Furniture
- D. Motor van
Explanation
Petty cash pays small expenses like stationery.
Business Studies 2022 Objective — Question 30
When keyboarding, your arms should be at what angle?
- A. 360 degree
- B. 180 degree
- C. 90 degreeCorrect
- D. 45 degree
Explanation
Arms are kept at about 90 degrees.
Business Studies 2022 Objective — Question 31
The reception office is usually located ____
- A. at the back
- B. inside the toilet
- C. in the last floor
- D. near the main entranceCorrect
Explanation
Reception is near the main entrance.
Business Studies 2022 Objective — Question 32
Which of these is NOT a reason for entrepreneurship?
- A. To depend on GovernmentCorrect
- B. Unemployment
- C. To make a living
- D. Self reliance
Explanation
Entrepreneurship is about not depending on government.
Business Studies 2022 Objective — Question 33
A trader bought 50 items at N90 and sold each item at N120. How much was his profit?
- A. N500
- B. N1000
- C. N1500Correct
- D. N4500
Explanation
(120 − 90) × 50 = N1,500.
Business Studies 2022 Objective — Question 34
When keyboarding in class, you should focus on .......
- A. speed
- B. time
- C. script
- D. accuracyCorrect
Explanation
Accuracy comes before speed.
Business Studies 2022 Objective — Question 35
The three classification of occupation are ....
- A. extractive, manufacturing and constructiveCorrect
- B. extractive, manufacturing and companion
- C. manufacturing, constructive and companion
- D. constructive, companion and extractive
Explanation
Industrial occupations: extractive, manufacturing and constructive.
Business Studies 2022 Objective — Question 36
Which of the following makes the difference between a two column and three column cash book?
- A. Bank
- B. DiscountCorrect
- C. Date
- D. Folio
Explanation
A three column cash book adds a discount column.
Business Studies 2022 Objective — Question 37
Which of the following are the main branches of trade?
- A. Foreign and international
- B. Retail and wholesale
- C. Home and domestic
- D. Home and foreignCorrect
Explanation
Trade is home (domestic) trade and foreign trade.
Business Studies 2022 Objective — Question 38
An account in which all cash receipts and cash payment transaction are recorded is called......
- A. cash accountCorrect
- B. savings account
- C. current account
- D. deposit account
Explanation
The cash account records cash receipts and payments.
Business Studies 2022 Objective — Question 39
Capital market are highly regulated by the ...
- A. State Government
- B. Federal GovernmentCorrect
- C. Local Government
- D. Manufacturing Association of Nigeria
Explanation
The capital market is regulated nationally (federal level).
Business Studies 2022 Objective — Question 40
A boy bought goods costing N6,000 and he is given a cash discount of 10%. How much does he pay?
- A. N6600
- B. N6000
- C. N5400Correct
- D. N5000
Explanation
10% of 6,000 = 600; 6,000 − 600 = N5,400.
Business Studies 2022 Objective — Question 41
____ is a market for short term borrowing and lending.
- A. Money marketCorrect
- B. Capital market
- C. Foreign exchange market
- D. Commodity market
Explanation
The money market deals in short-term funds.
Business Studies 2022 Objective — Question 42
Petty cash book is another name for .........
- A. Bank transaction
- B. Minor expensesCorrect
- C. Staff salary
- D. Credit sales
Explanation
The petty cash book records minor expenses.
Business Studies 2022 Objective — Question 43
The ..... is used in storing information.
- A. data
- B. typewriter
- C. computerCorrect
- D. calculator
Explanation
A computer stores information.
Business Studies 2022 Objective — Question 44
The selling of goods to the public is called buying By .....
- A. inspection
- B. description
- C. sample
- D. actionCorrect
Explanation
Selling to the public by bidding is auction.
Business Studies 2022 Objective — Question 45
Those assets that are of long-term duration in a business are called .......
- A. working capital
- B. fixed capitalCorrect
- C. current assets
- D. circulating assets
Explanation
Long-term assets are fixed assets (fixed capital).
Business Studies 2022 Objective — Question 46
The energy of a wave increases with ......
- A. amplitudeCorrect
- B. wave length
- C. frequency
- D. work
Explanation
Wave energy increases with amplitude.
Business Studies 2022 Objective — Question 47
........... are things necessary for human being to live a healthy life and for survival.
- A. Goods
- B. Product
- C. Wants
- D. NeedsCorrect
Explanation
Necessities for survival are needs.
Business Studies 2022 Objective — Question 48
All goods returned to the supplier due to damage are recorded in ......
- A. return outward journalCorrect
- B. sales journal
- C. purchases journal
- D. return inward journal
Explanation
Goods sent back to suppliers go in the return outward journal.
Business Studies 2022 Objective — Question 49
........ can be defined as the means through which the goods produced get to the final consumer.
- A. Communication
- B. Advertising
- C. DistributionCorrect
- D. Production
Explanation
Getting goods to consumers is distribution.
Business Studies 2022 Objective — Question 50
Which of these is a current asset?
- A. Furniture
- B. Bill payable
- C. Accrual
- D. Bill receivableCorrect
Explanation
A bill receivable is money due soon, a current asset.
Business Studies 2022 Objective — Question 51
Which of the following is NOT a function of an office?
- A. Posting information
- B. Assessing informationCorrect
- C. Receiving information
- D. Recording information
Explanation
Offices receive, record, process and supply information.
Business Studies 2022 Objective — Question 52
.......... is an account where money can be withdrawn whenever the customer wants to.
- A. Deposit account
- B. Current accountCorrect
- C. Recurrent account
- D. Fixed account
Explanation
A current account allows withdrawal at any time.
Business Studies 2022 Objective — Question 53
If an articles cost N480 and the profit on it is 15%. What is the selling price?
- A. N408
- B. N480
- C. N550
- D. N552Correct
Explanation
480 × 1.15 = N552.
Business Studies 2022 Objective — Question 54
HTML is used to create .....
- A. web pageCorrect
- B. web server
- C. high level program
- D. machine language program
Explanation
HTML is used to build web pages.
Business Studies 2022 Objective — Question 55
Insurance contract is between ... and .....
- A. insure and broker
- B. insured and insurerCorrect
- C. insured and insure
- D. insured and proposal
Explanation
The contract is between the insured and the insurer.
Business Studies 2022 Objective — Question 56
The highest financial institution in Nigeria is called .......
- A. Commercial bank
- B. Merchant bank
- C. Central bankCorrect
- D. Development bank
Explanation
The Central Bank is the apex bank.
Business Studies 2022 Objective — Question 57
........ is the ability to organize human resources.
- A. Managerial skillCorrect
- B. Promotion skill
- C. Accounting skill
- D. Marketing skill
Explanation
Organizing people is a managerial skill.
Business Studies 2022 Objective — Question 58
...... is a systematic recording of daily transaction in appropriate book.
- A. Transportation
- B. BookkeepingCorrect
- C. Profit and loss
- D. Balance sheet
Explanation
That is the definition of bookkeeping.
Business Studies 2022 Objective — Question 59
The process through which new product are brought to the notice of the public is known as...
- A. insurance
- B. commerce
- C. advertisingCorrect
- D. communication
Explanation
Making new products known is advertising.
Business Studies 2022 Objective — Question 60
Mail sent and received in and out of an organization are refer to as.....
- A. book
- B. register
- C. letter
- D. correspondenceCorrect
Explanation
Mail in and out is correspondence.
Business Studies 2022 Objective — Question 61
........ allow buyers and sellers to trade without having physical contact.
- A. Transportation
- B. E-commerceCorrect
- C. Communication
- D. Advertising
Explanation
E-commerce lets people trade online.
Business Studies 2022 Objective — Question 62
Assets that can easily change value during production are called ......
- A. capital asset
- B. wasting asset
- C. liquid asset
- D. current assetCorrect
Explanation
Circulating (current) assets change form and value.
Business Studies 2022 Objective — Question 63
Which of these is a demerit of advertising?
- A. Enhance sales volume
- B. Educate the consumers about the product
- C. Gives information about comparisons of products
- D. Makes products more expensiveCorrect
Explanation
Advertising cost raises prices.
Business Studies 2022 Objective — Question 64
Stock taking is important because it ........
- A. check actual stock availableCorrect
- B. hides the goods
- C. is wasteful
- D. is economical
Explanation
Stock taking checks the actual stock available.
Business Studies 2022 Objective — Question 65
The advertising media usually found on strategic points along major roads and city centres are...
- A. Journals
- B. Newspapers
- C. BillboardsCorrect
- D. Radio
Explanation
Billboards are placed on roadsides.
Business Studies 2022 Objective — Question 66
The two types of mails are ....... and ......
- A. personal, private
- B. private, confidential
- C. general, privateCorrect
- D. personnel, private
Explanation
General and private mail.
Business Studies 2022 Objective — Question 67
The person who is the sole provider of Business capital and suffers losses alone is called the ...
- A. sole proprietorCorrect
- B. partner
- C. trader
- D. salesmen
Explanation
A sole proprietor owns, funds and bears losses alone.
Business Studies 2022 Objective — Question 68
Final account does NOT include one of the following?
- A. Trial balanceCorrect
- B. Cash account
- C. Trading account
- D. Profit and loss account
Explanation
Final accounts: trading, profit and loss, balance sheet; a trial balance is not one.
Business Studies 2022 Objective — Question 69
Which function key is used for opening help?
- A. F4
- B. F3
- C. F2
- D. F1Correct
Explanation
F1 opens Help.
Business Studies 2022 Objective — Question 70
The service rendered by commercial driver, private doctors are classified as ......
- A. direct serviceCorrect
- B. producer goods
- C. indirect service
- D. services
Explanation
Personal services are direct services.
Business Studies 2022 Objective — Question 71
Oral communication can be made through ...
- A. business reply system
- B. telephoneCorrect
- C. telegram
- D. telex
Explanation
Telephone is oral communication.
Business Studies 2022 Objective — Question 72
The sign run on means .......
- A. take a new page
- B. make a new paragraph
- C. start a new sentenceCorrect
- D. underline the word
Explanation
Best guess among the options.
Business Studies 2022 Objective — Question 73
Which of the following best describes a balance sheet? It is a/an ....
- A. statement of assets and liabilitiesCorrect
- B. account
- C. a ledger
- D. control account
Explanation
A balance sheet is a statement of assets and liabilities.
Business Studies 2022 Objective — Question 74
A business organization found by two to ten people is known as .....
- A. sole trader
- B. partnershipCorrect
- C. cooperative
- D. Limited Liability Company
Explanation
A partnership has two to ten (twenty) people.
Business Studies 2022 Objective — Question 75
All the following are basic codes of dressing EXCEPT?
- A. Casual dressing
- B. Formal dressing
- C. Prestigious dressingCorrect
- D. Ceremonial dressing
Explanation
Basic dress codes are casual, formal and ceremonial; 'prestigious' is not one.
Business Studies 2022 Objective — Question 76
The function of food and drug department is to....
- A. Protect the consumer from paying exorbitant price
- B. control rent charged by landlords
- C. fix prices for some essential commodities
- D. ensure that drugs to be sold are tested for safety purposesCorrect
Explanation
The food and drug agency tests drugs and food for safety.
Business Studies 2022 Objective — Question 77
The class mark of class interval 60-70 will be......
- A. 60
- B. 65Correct
- C. 70
- D. 75
Explanation
Class mark = (60 + 70) ÷ 2 = 65.
Business Studies 2022 Objective — Question 78
The part of profit distributed by a company to the shareholders is called.....
- A. pay slip
- B. capital
- C. dividendCorrect
- D. net profit
Explanation
Profit shared to shareholders is a dividend.
Business Studies 2022 Objective — Question 79
All these are related to water transportation system EXCEPT ____
- A. Liners
- B. Ships
- C. Ferries
- D. CarsCorrect
Explanation
Cars travel on land.
Business Studies 2022 Objective — Question 80
What is the reward of entrepreneur as a factor of production?
- A. ProfitCorrect
- B. Rent
- C. Interest
- D. Wages
Explanation
The entrepreneur's reward is profit.
Business Studies 2022 Objective — Question 81
The following are department in an organization EXCEPT ____
- A. Sales department
- B. Production department
- C. Music departmentCorrect
- D. Account department
Explanation
Music department is not a business department.
Business Studies 2022 Objective — Question 82
A special place where typing is done in the School is called .......
- A. pool
- B. typing area
- C. business centre
- D. typing poolCorrect
Explanation
A typing pool is a place where typing is done.
Business Studies 2022 Objective — Question 83
The following are methods for making payment Except.....
- A. Payment by receiptCorrect
- B. Payment by cash
- C. Payment by cheque
- D. Payment by bank draft
Explanation
A receipt is evidence of payment, not a method of paying.
Business Studies 2022 Objective — Question 84
............ is used by storing information.
- A. Paper
- B. ComputerCorrect
- C. Calculator
- D. Drawer
Explanation
A computer stores information.
Business Studies 2022 Objective — Question 85
Which of the following is an internal letter of an organization?
- A. Informal letter
- B. Narrative letter
- C. Formal letter
- D. MemoCorrect
Explanation
A memo is an internal communication.
Business Studies 2022 Objective — Question 86
Something you desire which may NOT be necessary is called.......
- A. wantsCorrect
- B. needs
- C. choice
- D. demand
Explanation
Things desired but not necessary are wants.
Business Studies 2022 Objective — Question 87
The form giving to a visitor to fill on his arrival at the organization is known as .....
- A. business card
- B. visitor's formCorrect
- C. telephone message pad
- D. credit card
Explanation
A visitor fills a visitor's form.
Business Studies 2022 Objective — Question 88
The amount by which goods are bought is called......
- A. selling price
- B. profit price
- C. cost priceCorrect
- D. estimated price
Explanation
The buying price is the cost price.
Business Studies 2022 Objective — Question 89
The calculation and payment of worker's salary is the responsibility of.... department.
- A. accountCorrect
- B. sales
- C. production
- D. administrative
Explanation
The accounts department handles salary calculation and payment.
Business Studies 2022 Objective — Question 90
The act of putting the typing sheet into the typewriter ready for typing is called.....
- A. inclusion
- B. insertionCorrect
- C. fixing
- D. exiting
Explanation
Putting the sheet in is insertion.
Business Studies 2022 Objective — Question 91
Application software can be used to do all EXCEPT one of the following.
- A. Draw pictures
- B. Play game
- C. Clean the computerCorrect
- D. Design a card
Explanation
Cleaning the computer is a system/utility task, not an application one.
Business Studies 2022 Objective — Question 92
Department that formulates the organization policy is..... Department.
- A. Marketing
- B. Transport
- C. Personnel
- D. AdministrativeCorrect
Explanation
Policy is set by the administrative department.
Business Studies 2022 Objective — Question 93
Tax collected by the Government on locally made products are known as......
- A. import duties
- B. value added tax
- C. excise dutyCorrect
- D. personal income tax
Explanation
Excise duty is charged on locally made goods.
Business Studies 2022 Objective — Question 94
The following are types of stock-taking EXCEPT.....
- A. Annual stock taking
- B. Periodic stock taking
- C. Moving stock takingCorrect
- D. Perpetual stock taking
Explanation
Moving stock taking is not a standard type.
Business Studies 2022 Objective — Question 95
A computer system has two major elements.
- A. Hardware and global ware
- B. Memory and keyboard
- C. System ware and software
- D. Hardware and softwareCorrect
Explanation
Hardware and software.
Business Studies 2022 Objective — Question 96
Continuous, random stock taking usually carried out throughout the year is called ... stock taking.
- A. PerpetualCorrect
- B. Periodic
- C. Annual
- D. Bi-annual
Explanation
Continuous stock taking is perpetual.
Business Studies 2022 Objective — Question 97
The process of gaining the knowledge and skill needed in managing consumer, resources is known as.......
- A. consumer participation
- B. consumerism
- C. consumer educationCorrect
- D. consumer right
Explanation
Learning skills for managing consumer resources is consumer education.
Business Studies 2022 Objective — Question 98
What comes out at the end of processing a data is called.....
- A. input
- B. instruction
- C. programmes
- D. outputCorrect
Explanation
Result of processing is output.
Business Studies 2022 Objective — Question 99
The excess of current asset over current liability is called....
- A. working capitalCorrect
- B. fixed capital
- C. circulating capital
- D. reserved capital
Explanation
Current assets − current liabilities = working capital.
Business Studies 2022 Objective — Question 100
Carriage inward is added to.......
- A. Sales
- B. purchaseCorrect
- C. Capital
- D. net profit
Explanation
Carriage inward is added to the cost of purchases.
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