PES JS2 Business Studies Objective 3rd Term Exam 2025/2026
  • 1. Distribution means ____
A) Buying of raw materials
B) Production of goods
C) Movement of goods from producer to consumer
D) Storing of goods
  • 2. Which of these is a channel of distribution?
A) Government → School
B) Producer → Wholesaler → Retailer → Consumer
C) Bank → Consumer
D) Consumer → Retailer → Producer
  • 3. A wholesaler buys goods in ____
A) Large quantities
B) Small quantities
C) Single quantity
D) No quantity
  • 4. The person who sells directly to the final consumer is a ____
A) Wholesaler
B) Retailer
C) Producer
D) Farmer
  • 5. A Licensed Chemical Vendor is approved to sell ____
A) Clothes
B) Cars
C) Chemicals and drugs
D) Foodstuff
  • 6. One way to handle chemicals safely is to ____
A) Wear protective clothing
B) Keep them near fire
C) Mix them with food
D) Store them in the kitchen
  • 7. Wrong handling of chemicals can cause ____
A) Happiness
B) Poisoning
C) Good health
D) Wealth
  • 8. Expired chemicals should be ____
A) Mixed with new ones
B) Disposed properly
C) Thrown in the river
D) Given to children
  • 9. A financial institution that accepts deposits and gives loans is -----
A) Commercial bank
B) School
C) Hospital
D) Market
  • 10. Which of these is NOT a bank service?
A) Money transfer
B) Granting loans
C) Accepting deposits
D) Selling food
  • 11. Keeping money in a bank for future use is called ____
A) Bribe
B) Deposit
C) Loan
D) Spending
  • 12. Stealing customers' money by bank staff is called ____
A) Fraud
B) Investment
C) Saving
D) Thrift
  • 13. Insurance is an agreement to protect against ____
A) Loan
B) Savings
C) Risk and loss
D) Profit
  • 14. The small amount paid to an insurance company is called ____
A) Interest
B) Loan
C) Tax
D) Premium
  • 15. Which insurance covers hospital bills?
A) Life insurance
B) Fire insurance
C) Health insurance
D) Marine insurance
  • 16. Insurance that covers vehicles against accident is ------
A) Life insurance
B) Motor insurance
C) Fire insurance
D) Marine insurance
  • 17. Which of these is a quality of an entrepreneur?
A) Hardworking
B) Dishonesty
C) Fear
D) Laziness
  • 18. One reason entrepreneurs take risk is to ____
A) Cause problems
B) Waste time
C) Make profit
D) Lose money
  • 19. A business opportunity is ____
A) A chance to start a business and make profit
B) A government job
C) A school subject
D) A problem
  • 20. A business that operates in one town is ____ opportunity
A) Local
B) Foreign
C) National
D) International
  • 21. Which of these can help you discover business opportunities?
A) Observing problems around you
B) Wasting money
C) Sleeping
D) Copying without thinking
  • 22. MTN and Glo are examples of ____ opportunities
A) Family
B) Local
C) International
D) National
  • 23. Coca-Cola is an example of ____ opportunity
A) Local
B) National
C) International
D) Community
  • 24. A person who buys and uses goods is called ____
A) Producer
B) Seller
C) Consumer
D) Wholesaler
  • 25. Consumerism means ____
A) Producing goods
B) Selling goods
C) Wasting money
D) Protecting consumer rights
  • 26. Which is NOT one of the 8 universal consumer rights?
A) Right to Safety
B) Right to Information
C) Right to Free Goods
D) Right to Choice
  • 27. Demanding for receipt is a ____
A) Waste
B) Responsibility
C) Right
D) Punishment
  • 28. Right to redress means ____
A) Getting compensation for bad goods
B) Closing shops
C) Buying anything
D) Selling goods
  • 29. Aids to trade are services that help to ____
A) Sell goods only
B) Remove obstacles in trade
C) Buy goods
D) Produce goods
  • 30. Which aid to trade removes the obstacle of place?
A) Transportation
B) Warehousing
C) Banking
D) Insurance
  • 31. Keeping goods in a warehouse removes the obstacle of ____
A) Time
B) Finance
C) Risk
D) Information
  • 32. Which aid to trade protects goods against fire and accident?
A) Advertising
B) Insurance
C) Tourism
D) Communication
  • 33. Banks help trade by providing ____
A) Storage
B) Finance
C) Goods
D) Transport
  • 34. A market is a place where ____ meet to buy and sell.
A) Buyers and sellers
B) Teachers and students
C) Doctors and patients
D) Farmers only
  • 35. A market that serves one community is called ____ market
A) Local
B) International
C) National
D) Stock
  • 36. A market with only one seller is ____
A) Perfect market
B) Commodity
C) Monopoly
D) Oligopoly
  • 37. The Nigerian Stock Exchange is an example of ____ market
A) National
B) Commodity
C) Local
D) Labor
  • 38. Which is NOT a feature of a market?
A) Government house
B) Buyers and sellers
C) Goods and services
D) Price
  • 39. One function of a wholesaler is ____
A) Breaking bulk
B) Producing goods
C) Selling in pieces
D) Advertising for consumers
  • 40. Selling drugs without prescription can lead to ____
A) Good grades
B) Employment
C) Drug abuse
D) Investment
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