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