PES JS 2 Business Studies (Objective) 2nd Term Exam 2025/2026
  • 1. What does punctuality mean?
A) Leaving early
B) Ignoring time
C) Arriving on time
D) Being late
  • 2. Why is punctuality important?
A) To be late
B) To be respectful and efficient
C) To show disrespect
D) To waste time
  • 3. Regularity means ____________.
A) Doing things consistently
B) Sometimes attending
C) Never attending
D) Doing thing irregularly
  • 4. Reward is given for ____________.
A) Being late
B) Ignoring rules
C) Bad behavior
D) Good performance
  • 5. Punishment is for _____________.
A) Discouraging bad behavior
B) Ignoring behavior
C) EnCouraging good behavior
D) Praising everyone
  • 6. What does devotion to duty mean ?
A) Ignoring responsibilities
B) Avoiding work
C) Doing whatever
D) Committing to task or responsibilities
  • 7. Attributes of devoted people include ___________.
A) Disrespect
B) Irregularity
C) Laziness
D) Diligence and responsibility
  • 8. Devotion to duty lead for _____________.
A) No impacts
B) Isolation
C) Failure
D) Success and trust
  • 9. Effects of devotion include __________.
A) Increased respect and achievement
B) Less responsibility
C) More stress always
D) Reduced workload
  • 10. What does devotion to duty mean?
A) Ignoring responsibilities
B) Avoiding work
C) Doing whatever
D) Committing to task or responsibilities
  • 11. What is trade?
A) Ignoring goods
B) Producing only
C) Buying and selling goods /services
D) Giving away goods
  • 12. Why is trade important?
A) Harms economy
B) Reduces choice
C) Increases choices and economic growth
D) No impact
  • 13. Forms of trade include________.
A) Local and international trade
B) Online trade
C) Local trade only
D) No trade
  • 14. International trade involves___________.
A) Trading within country
B) No trading
C) Local markets only
D) Trading between countries
  • 15. What is a market?
A) A place to ignore trade
B) A non existent place
C) A place to buy and sell goods/services
D) A place to produce goods
  • 16. Features of a market include_________.
A) No buyer
B) Only sellers
C) No goods
D) Buyers and sellers interacting
  • 17. There are ___________ types of markets
A) 3
B) 4
C) 1
D) 2
  • 18. ___________ is a market that ideas with tangible goods
A) Services market
B) Food market
C) Money market
D) Commodity market
  • 19. ___________ ideas with long term funds.
A) Services
B) Commodity
C) Capital
D) Money
  • 20. Money market deals with____________
A) Commodities only
B) Short term financial instrument
C) No transaction
D) Long term funds
  • 21. Careers in finance include_________.
A) Banking, investing, insurance
B) No career
C) Farming only
D) Teaching only
  • 22. Importance of capital markets to business:
A) Raise fund for growth
B) Decrease investment
C) No impact
D) Limit expansion
  • 23. Capital markets help business to __________.
A) Reduce funding
B) Ignore funding
C) Get long term funds for expansion
D) Get short term funds only
  • 24. Buying by cash means ___________.
A) Paying later
B) Paying immediately
C) Credit only
D) No payment
  • 25. Buying on credit means __________.
A) Paying now
B) No payment
C) Paying later
D) Cash only
  • 26. Cost of sales includes__________.
A) No cost
B) Only profit
C) Selling price only
D) Expenses in selking
  • 27. Mark-- up is ___________.
A) Decrease in price
B) Loss
C) Increase in price for profit
D) No change
  • 28. Profit is calculated as
A) Expenses-- loss
B) Net profit + expenses
C) No calculation
D) Revenue -- expenses
  • 29. If revenue is #100, expense #70, profit is _______
A) #100
B) #70
C) #170
D) #30
  • 30. Why is profit important?
A) For growth and survival
B) To decease business
C) No use
D) To close business
  • 31. Profit helps business to ________.
A) Close down
B) Shrink
C) Expand and invest
D) Stay the same
  • 32. A business with high profit can ________.
A) No invesd
B) Lose money
C) Close money
D) Reinvest and grow
  • 33. What happens if a business make a lose?
A) It expands
B) Profit increase s
C) Noting changes
D) It may shrink or close
  • 34. Profit motive means businesses aim to___________.
A) Stay broke
B) Make losses
C) Ignore money
D) Make profit
  • 35. Buying buy cash gives _________.
A) Credit only
B) More debt
C) Immediate ownership
D) No ownership
  • 36. Cost of sales includes__________.
A) Only rent
B) Profit only
C) No cost
D) Cost of goods sold + expenses
  • 37. If cost price is #50 , mark--up is 2%, selling profit is __________.
A) #50
B) #40
C) # 70
D) #60
  • 38. High turnover means _________ .
A) Losses
B) Low sales
C) No sales
D) High sales volume
  • 39. Mark--up of 25% on #2000 cost price means selling price is___________.
A) #200
B) #150
C) #225
D) #250
  • 40. Money market instruments include _________.
A) Real estate
B) Treasury bill, commercial paper
C) Commodities
D) Stocks
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