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