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PES JS2 Business Studies Objective 3rd Term Exam 2025/2026
Contributed by: School
  • 1. Distribution means ____
A) Storing of goods
B) Production of goods
C) Buying of raw materials
D) Movement of goods from producer to consumer
  • 2. Which of these is a channel of distribution?
A) Consumer → Retailer → Producer
B) Bank → Consumer
C) Government → School
D) Producer → Wholesaler → Retailer → Consumer
  • 3. A wholesaler buys goods in ____
A) Single quantity
B) Large quantities
C) Small quantities
D) No quantity
  • 4. The person who sells directly to the final consumer is a ____
A) Retailer
B) Wholesaler
C) Producer
D) Farmer
  • 5. A Licensed Chemical Vendor is approved to sell ____
A) Cars
B) Foodstuff
C) Clothes
D) Chemicals and drugs
  • 6. One way to handle chemicals safely is to ____
A) Mix them with food
B) Keep them near fire
C) Store them in the kitchen
D) Wear protective clothing
  • 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) Mixed with new ones
C) Disposed properly
D) Given to children
  • 9. A financial institution that accepts deposits and gives loans is -----
A) Market
B) Hospital
C) School
D) Commercial bank
  • 10. Which of these is NOT a bank service?
A) Money transfer
B) Accepting deposits
C) Selling food
D) Granting loans
  • 11. Keeping money in a bank for future use is called ____
A) Bribe
B) Spending
C) Loan
D) Deposit
  • 12. Stealing customers' money by bank staff is called ____
A) Saving
B) Investment
C) Fraud
D) Thrift
  • 13. Insurance is an agreement to protect against ____
A) Profit
B) Risk and loss
C) Savings
D) Loan
  • 14. The small amount paid to an insurance company is called ____
A) Tax
B) Interest
C) Premium
D) Loan
  • 15. Which insurance covers hospital bills?
A) Marine insurance
B) Health insurance
C) Life insurance
D) Fire insurance
  • 16. Insurance that covers vehicles against accident is ------
A) Life insurance
B) Marine insurance
C) Motor insurance
D) Fire insurance
  • 17. Which of these is a quality of an entrepreneur?
A) Laziness
B) Fear
C) Hardworking
D) Dishonesty
  • 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 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) Foreign
C) National
D) International
  • 21. Which of these can help you discover business opportunities?
A) Sleeping
B) Wasting money
C) Copying without thinking
D) Observing problems around you
  • 22. MTN and Glo are examples of ____ opportunities
A) Family
B) National
C) International
D) Local
  • 23. Coca-Cola is an example of ____ opportunity
A) International
B) Community
C) Local
D) National
  • 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 Choice
B) Right to Information
C) Right to Free Goods
D) Right to Safety
  • 27. Demanding for receipt is a ____
A) Waste
B) Punishment
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) Remove obstacles in trade
B) Produce goods
C) Buy goods
D) Sell goods only
  • 30. Which aid to trade removes the obstacle of place?
A) Transportation
B) Banking
C) Insurance
D) Warehousing
  • 31. Keeping goods in a warehouse removes the obstacle of ____
A) Information
B) Time
C) Risk
D) Finance
  • 32. Which aid to trade protects goods against fire and accident?
A) Tourism
B) Advertising
C) Insurance
D) Communication
  • 33. Banks help trade by providing ____
A) Finance
B) Goods
C) Transport
D) Storage
  • 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) Monopoly
B) Oligopoly
C) Perfect market
D) Commodity
  • 37. The Nigerian Stock Exchange is an example of ____ market
A) National
B) Labor
C) Commodity
D) Local
  • 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) Producing goods
B) Selling in pieces
C) Advertising for consumers
D) Breaking bulk
  • 40. Selling drugs without prescription can lead to ____
A) Investment
B) Employment
C) Drug abuse
D) Good grades
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