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