Examination on Business Studies
Class: JSS 1
Term: First Term
Time: 1 Hour
Total Marks: 70

SECTION A: OBJECTIVES (40 Marks)
Instruction: Answer all questions.

1. ________ is the study of how people produce, distribute and exchange goods and services. (a) Social Studies (b) Business Studies (c) Agricultural Science (d) Home Economics
2. One importance of business studies is that it helps students to become ________. (a) lazy (b) corrupt (c) self-reliant (d) wasteful
3. Which of these is a component of Business Studies? (a) Fine Arts (b) Office Practice (c) Music (d) Physical Education
4. The department responsible for keeping records of money spent and received is the ________ department. (a) Sales (b) Personnel (c) Accounting (d) Purchasing
5. An office is a place where ________ work is done. (a) manual (b) clerical (c) industrial (d) agricultural
6. All of these are functions of an office except ________. (a) receiving information (b) storing information (c) processing information (d) farming
7. Which of the following describes a large office? (a) Few staff, simple equipment (b) Many staff, complex equipment (c) No staff, no equipment (d) One staff, basic equipment
8. The staff responsible for routine administrative tasks in an office are called ________ staff. (a) managerial (b) clerical (c) executive (d) technical
9. Which is NOT a quality of clerical staff? (a) Punctuality (b) Dishonesty (c) Neatness (d) Loyalty
10. The act of keeping sensitive information private is known as ________. (a) gossiping (b) confidentiality (c) publicity (d) transparency
11. The main reason for punctuality in the office is to ________. (a) waste time (b) avoid work (c) ensure smooth workflow (d) annoy colleagues
12. Failure to show commitment to duty can lead to ________. (a) promotion (b) sanctions (c) salary increase (d) awards
13. Which of these is not an effect of devotion to duty? (a) Increased productivity (b) Organisational development (c) Personal growth (d) Business failure
14. The department that handles the recruitment and training of staff is the ________ department. (a) Administrative (b) Personnel (c) Transport (d) Planning
15. Which of the following activities is carried out by the Purchasing department? (a) Selling goods (b) Buying raw materials (c) Transporting staff (d) Training new employees
16. ________ is the sum total of all activities involved in the distribution of goods and services from producers to consumers. (a) Production (b) Industry (c) Commerce (d) Services
17. The importance of commerce includes ________. (a) encouraging idleness (b) creating unemployment (c) bridging the gap between producers and consumers (d) increasing waste
18. Which of these is an aid that supports commerce? (a) Farming (b) Fishing (c) Banking (d) Hunting
19. The division of commerce that involves buying and selling goods is called ________. (a) aids to trade (b) production (c) trade (d) services
20. All of these are types of home trade except ________. (a) retail trade (b) wholesale trade (c) import trade (d) street vending
21. When a country buys goods from another country, it is called ________. (a) export (b) import (c) home trade (d) wholesale
22. The process of creating goods and services to satisfy human wants is known as ________. (a) consumption (b) distribution (c) production (d) marketing
23. Which of the following is a type of production? (a) Mining (b) Commerce (c) Fishing (d) Agriculture
24. The industry involved in extracting raw materials from nature is called ________ industry. (a) manufacturing (b) constructive (c) extractive (d) service
25. An example of a manufacturing industry is a ________. (a) farm (b) cement factory (c) coal mine (d) building site
26. Which is NOT an effect of production on the environment? (a) Pollution (b) Deforestation (c) Job creation (d) Resource depletion
27. The quality of being honest and morally upright in all business dealings is ________. (a) cunning (b) truthfulness (c) deceit (d) selfishness
28. Which of these is an attribute of truthfulness? (a) Deceitfulness (b) Reliability (c) Manipulation (d) Dishonesty
29. The main reason for lying in business is often ________. (a) to build trust (b) to gain unfair advantage (c) to promote goodwill (d) to improve reputation
30. The correct step in maintaining fair play in business is to ________. (a) cheat customers (b) treat all customers equally (c) give preferential treatment (d) inflate prices
31. An example of a reward for truthfulness is ________. (a) loss of customers (b) jail term (c) good reputation (d) business failure
32. The consequence of untruthfulness in business is ________. (a) increased profit (b) customer loyalty (c) loss of trust (d) business growth
33. The principle of treating everyone justly and without favouritism in business is called ________. (a) partiality (b) fair play (c) discrimination (d) bias
34. Which of these is an attribute of fair play? (a) Cheating (b) Equity (c) Exploitation (d) Bribery
35. The aids to trade that involve moving goods from one place to another are known as ________. (a) banking (b) insurance (c) transport (d) warehousing
36. The department responsible for overseeing the general running of the organization is the ________ department. (a) sales (b) accounting (c) administrative (d) personnel
37. Which of the following career opportunities can be found in Business Studies? (a) Doctor (b) Engineer (c) Accountant (d) Farmer
38. The process of storing goods until they are needed by consumers is a function of ________. (a) communication (b) banking (c) warehousing (d) insurance
39. The type of foreign trade where a country sells goods to other countries is called ________. (a) import (b) wholesale (c) export (d) retail
40. Maintaining consistency in work attitude means being ________ in performance. (a) irregular (b) unstable (c) steady (d) erratic

SECTION B: THEORY (30 Marks)
Instruction: Answer any THREE questions.

1. (a) Define Business Studies. (2 marks)
(b) List and explain any three components of Business Studies. (3 marks)
(c) State three importance of Business Studies to students. (3 marks)
(d) Mention two career opportunities available in Business Studies. (2 marks)

2. (a) What is an office? (2 marks)
(b) Differentiate between a small office and a large office. (3 marks)
(c) State three functions of an office. (3 marks)
(d) List two departments commonly found in an organization. (2 marks)

3. (a) Who are clerical staff? (2 marks)
(b) Identify three functions of clerical staff. (3 marks)
(c) Explain what is meant by ‘confidentiality of office information’. (3 marks)
(d) State two qualities of a good clerical staff. (2 marks)

4. (a) Define Commerce. (2 marks)
(b) State three reasons why commerce is important. (3 marks)
(c) Enumerate three activities or aids that support commerce. (3 marks)
(d) Distinguish between home trade and foreign trade. (2 marks)

5. (a) What is Production? (2 marks)
(b) List and briefly explain two types of production. (3 marks)
(c) Identify three types of industry. (3 marks)
(d) State two consequences of untruthfulness in business. (2 marks)

Objective Marking Scheme

Question 1 – ✅ (b) Business Studies
Question 2 – ✅ (c) self-reliant
Question 3 – ✅ (b) Office Practice
Question 4 – ✅ (c) Accounting
Question 5 – ✅ (b) clerical
Question 6 – ✅ (d) farming
Question 7 – ✅ (b) Many staff, complex equipment
Question 8 – ✅ (b) clerical
Question 9 – ✅ (b) Dishonesty
Question 10 – ✅ (b) confidentiality
Question 11 – ✅ (c) ensure smooth workflow
Question 12 – ✅ (b) sanctions
Question 13 – ✅ (d) Business failure
Question 14 – ✅ (b) Personnel
Question 15 – ✅ (b) Buying raw materials
Question 16 – ✅ (c) Commerce
Question 17 – ✅ (c) bridging the gap between producers and consumers
Question 18 – ✅ (c) Banking
Question 19 – ✅ (c) trade
Question 20 – ✅ (c) import trade
Question 21 – ✅ (b) import
Question 22 – ✅ (c) production
Question 23 – ✅ (b) Commerce
Question 24 – ✅ (c) extractive
Question 25 – ✅ (b) cement factory
Question 26 – ✅ (c) Job creation
Question 27 – ✅ (b) truthfulness
Question 28 – ✅ (b) Reliability
Question 29 – ✅ (b) to gain unfair advantage
Question 30 – ✅ (b) treat all customers equally
Question 31 – ✅ (c) good reputation
Question 32 – ✅ (c) loss of trust
Question 33 – ✅ (b) fair play
Question 34 – ✅ (b) Equity
Question 35 – ✅ (c) transport
Question 36 – ✅ (c) administrative
Question 37 – ✅ (c) Accountant
Question 38 – ✅ (c) warehousing
Question 39 – ✅ (c) export
Question 40 – ✅ (c) steady