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Business Studies JSS 3 (3rd Assessment)
Contributed by: Abdullatif
  • 1. The apex bank in Nigeria is called
A) The Central bank of Nigeria
B) The Centre bank of Nigeria
C) The Center bank of Nigerian
D) The Central bank of Niger
  • 2. The following are commercial banks in the country except
A) Al Ameen Bank Plc
B) GTB
C) Jaiz
D) Lotus
E) Stanbic
  • 3. Commerce is subdivided into
A) Trade and the trader
B) Trade and aids to trade
C) Seller only
D) Seller and buyer
  • 4. Advertising is one of the aids to trade.
A) trade
B) True
C) false
D) complex to understand
  • 5. The ways , processes, procedures for doing something is referred to
A) process
B) office procedure
C) Procedural
D) proceeds
  • 6. ____________ helps work to be done faster.
A) Office procedure
B) procedural
C) Official work
D) Office category
  • 7. E- payment means
A) Electioneering payment
B) Election payment
C) None of the above
D) Elected payment
  • 8. _________ is a system of making transactions or paying for goods and services electronically without using cash or cheque.
A) Pay as you go
B) E- payment
C) We are yet to be taught
D) Paymasters
  • 9. VAT means
A) Valuation Added Tax
B) None of the above
C) Value Added Test
D) Value Added thesis
  • 10. ATM means
A) none of the above
B) Autonomous Teller Machines
C) Automatic Teller Machine
D) Automobile Tellers Machinery
  • 11. Using an ATM is faster than going into the bank to withdraw cash.
A) True
B) It is fraud
C) false
D) cannot understand
  • 12. Cash can be withdrawn from an ATM machine at anytime.
A) True, provided there is network service.
B) false
C) It is so fraudulent.
D) totally disagree
  • 13. POS machine provides greater convenience for consumers due to ease of payments.
A) totally disagree
B) None of the above
C) True with good network service.
D) Incorrect
  • 14. A crossed cheque is a cheque with ______ parallel lines drawn across the payee's name.
A) three
B) one
C) none of the above
D) four
  • 15. A cheque can be open or crossed.
A) I don't know
B) I have not seen a cheque before to know that
C) True
D) false
  • 16. _________ is designed for making multiple electronic payments that recur periodically.
A) Automatic
B) Autonomous
C) Autopay
D) Autoservice
  • 17. _________ are usually issued for all money received in most business organization.
A) Receipts
B) Recipients
C) Receptors
D) Vouchers
  • 18. ________ are associated with the provision of services.
A) Bills
B) Services
C) Goods
D) Promotion
  • 19. _______ is a written order to a bank to pay on demand
A) All of the above
B) Bank
C) Cheque
D) Banker
  • 20. There are ______ types of wage payment system
A) six
B) three
C) two
D) four
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