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