PES JS 3 Business Studies 3rd Test
  • 1. What is trial balance?
A) It is the proof of the equality of leaders and followers
B) It is the proof of the equality of government and the people.
C) It is the proof of the equality of debits and credits
  • 2. A department which deals with staffs matter is ..........
A) Sales
B) Administrative
C) Purchase
D) Personnel
  • 3. A bank is set up up to make......
A) profit
B) Loss
C) Friends
D) Salary
  • 4. In shorthand ,..... are sounds produced from two vowels as one
A) Vowel
B) Monophthong
C) Triphthong
D) Diphthong
  • 5. The person who receives and directs visitors in an organization is knows as ......
A) Receptionist
B) Clerk
C) Waiter
D) Engineer
  • 6. A type of business owned and run by one person is know as ......
A) Partnership
B) Company
C) Sole proprietorship
D) Public Enterprise
  • 7. Rent, wages, electricity and rates are regarded as ....
A) Income
B) Capital
C) Loss
D) Expenses
  • 8. ....... is the apex bank in Nigeria
A) World Bank
B) Central Bank of Nigeria
C) First Bank of Nigeria
D) Microfinance
  • 9. One of the similarities between computer and typewriter is .....
A) Monitor
B) Printer
C) Keyboard
D) Mouse
  • 10. ....... is a situation in which important information must be kept secret
A) Case study
B) Security
C) Document
D) Confidentiality
  • 11. .....is a letter from one company to another or between an organization and its customers or clients.
A) Application letters
B) Admission letters
C) Business letters
D) Request letter
  • 12. The part of typewriter depressed to create space between words is called ........
A) Paper bail
B) Tabulator
C) Space Bar
D) Margin
  • 13. The net profit is Calculated in the ....
A) Cash Account
B) Trading accounts
C) Balance sheet
D) Profit and loss
  • 14. ........ is a reward for being punctual and regular at work in an organization
A) Promotion
B) Promptness
C) Interests
D) Production
  • 15. All these are personal qualities of clerk except .....
A) Ability to assign people to work
B) Ability to deal with People
C) Neatness
D) Good secondary school
  • 16. The principal book of accounts is called......
A) Journal
B) Record
C) Teller
D) Ledger
  • 17. The profit which is paid to the shareholders of a company is known as ......
A) Dividend
B) Bond
C) Right
  • 18. The movement of liquid and gas from one place to another is called ..... Transportation
A) Pipeline
B) Water
C) Marine
D) Road
  • 19. ..... Is a financial institution where money and others valuable things are kept
A) Bank
B) Warehouse
C) Restroom
D) Store
  • 20. All these are rights of consumers except .....
A) Right to vote
B) Right to be informed
C) Right to be heard
D) Right to safety
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