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