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

Created with That Quiz — where test making and test taking are made easy for math and other subject areas.