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Business Studies JSS 3 (3rd Assessment)
  • 1. The apex bank in Nigeria is called
A) The Centre bank of Nigeria
B) The Center bank of Nigerian
C) The Central bank of Niger
D) The Central bank of Nigeria
  • 2. The following are commercial banks in the country except
A) Lotus
B) Stanbic
C) Al Ameen Bank Plc
D) GTB
E) Jaiz
  • 3. Commerce is subdivided into
A) Trade and the trader
B) Trade and aids to trade
C) Seller only
D) Seller and buyer
  • 4. Advertising is one of the aids to trade.
A) True
B) complex to understand
C) false
D) trade
  • 5. The ways , processes, procedures for doing something is referred to
A) proceeds
B) Procedural
C) office procedure
D) process
  • 6. ____________ helps work to be done faster.
A) procedural
B) Official work
C) Office procedure
D) Office category
  • 7. E- payment means
A) None of the above
B) Electioneering payment
C) Elected payment
D) Election payment
  • 8. _________ is a system of making transactions or paying for goods and services electronically without using cash or cheque.
A) Pay as you go
B) E- payment
C) We are yet to be taught
D) Paymasters
  • 9. VAT means
A) None of the above
B) Value Added Test
C) Value Added thesis
D) Valuation Added Tax
  • 10. ATM means
A) Automobile Tellers Machinery
B) Autonomous Teller Machines
C) Automatic Teller Machine
D) none of the above
  • 11. Using an ATM is faster than going into the bank to withdraw cash.
A) True
B) cannot understand
C) false
D) It is fraud
  • 12. Cash can be withdrawn from an ATM machine at anytime.
A) It is so fraudulent.
B) totally disagree
C) True, provided there is network service.
D) false
  • 13. POS machine provides greater convenience for consumers due to ease of payments.
A) True with good network service.
B) totally disagree
C) None of the above
D) Incorrect
  • 14. A crossed cheque is a cheque with ______ parallel lines drawn across the payee's name.
A) none of the above
B) four
C) three
D) one
  • 15. A cheque can be open or crossed.
A) false
B) I have not seen a cheque before to know that
C) True
D) I don't know
  • 16. _________ is designed for making multiple electronic payments that recur periodically.
A) Autopay
B) Autoservice
C) Autonomous
D) Automatic
  • 17. _________ are usually issued for all money received in most business organization.
A) Vouchers
B) Receptors
C) Recipients
D) Receipts
  • 18. ________ are associated with the provision of services.
A) Goods
B) Services
C) Bills
D) Promotion
  • 19. _______ is a written order to a bank to pay on demand
A) Banker
B) Bank
C) Cheque
D) All of the above
  • 20. There are ______ types of wage payment system
A) three
B) six
C) two
D) four
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