DATE:
CLASS:
SCORE RECEIVED:
TIME ALLOCATED:
120 Mins
TOTAL SCORE:
120
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EXAMINER: MR SUNMONU, T.A
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NAME:
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ONLINE PRACTICE QUESTIONS
LFGC/YEAR 9/ONLINE PRACTICE
BUSINESS STUDIES
Page 1
OBJECTIVE
[50]
QUESTION 1
[50]
Answer all questions
A.
B.
C.
D.
A.
B.
C.
D.
Are produced in return for money is
Stealing
Business
Trading
Education
2.
A.
B.
C.
D.
The primary objective of business is
to help consumers
to make profit
to make loss
to increase prices of goods
3.
A.
B.
C.
D.
Which of the following is NOT a business activity?
Trading
Banking
Trekking
Manufacturing
There are two types of office layout. They are……..
Straight and bend office
Head and branch office
Open and close office
Head and department office
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9.
A.
B.
C.
D.
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8. Which of the following places would you find an
Office?
A. Market
B. Stadium
C. School
D. None of the above
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Business is characterized by the following EXCEPT
Aims at earning profit
Regular exchange of goods and services
Deals in goods and services
Reducing profit making
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4.
A.
B.
C.
D.
Information and data processing is
an office
department
school assembly
hall
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1. The occupation in which goods and services
5. The study of how business works and proper
Management of business is referred to as
A. Health education
B. Mathematics
C. English language
D. Business Studies
10. A partitioned type of office is known as………
A. Open office
B. Closed office
C. Bend branch
D. Head office
11. Which of the following is NOT a function of an
Office?
A. Receiving information
B. Storing information
C. Giving information
D. Scattering information
6. Which of the following is not a component of
Business studies?
A. Office practice
B. Commerce
C. Book keeping
D. Physics
12. Which of the following is not a section in an office?
A. Mail room
B. Reception
C. Dancing section
D. Administrative section
7. A room or building set aside within an organization for
The purpose of performing various clerical
Transactions which may range from financial,
Personnel, legal, medical, record keeping as well as
13. The people who perform clerical activities in an
Office are known as
A. Labourers
B. Clerical staff
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BUSINESS STUDIES
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C. H.O.D
D. Supervisor
B. Borrowing from friends
C. Contributions from the partners
D. Loan from bank
14. Office staff does the following EXCEPT
A. Collection of records
B. Submission of reports
C. Organise records
D. Tearing records
21. Which of the following terms is used to
describe the ownership of a business by two or
more persons with aim of making profit?
A. Sole proprietorship
B. Partnership
C. Limited company
D. Co-operative societies
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15. A clerical staff must be
A. smart
B. able to carry out instructions
C. be honest and kind
D. all of the above
22. …………….may be defined as an association of
Individuals with a common interest who agree to
Come together to promote the welfare of members.
A. Sole proprietorship
B. Partnership
C. Limited company
D. Co-operative societies
23. Which of the following is NOT an attribute of a
Cooperative society?
A. Members have equal right
B. Every member is entitled to only one vote
C. Profit is enjoyed by only one person
D. Profit is shared based on patronage
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Partnership business is formed by………persons.
2 to 30
2 to 50
2 to 20
2 to 70
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17.
A.
B.
C.
D.
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16. An office staff must keep office information
A. secret
B. confidential
C. personal
D. within the organisation
24. Which of the following is described as a unique
Form of business?
A. Sole proprietorship
B. Partnership
C. Limited company
D. Co-operative societies
19. Which of the following laws prohibit those in
Law and Accounting from forming partnerships?
A. Nigerian law of 1999
B. British law of 1890
C. American law of 2010
D. Companies Act of 1968
25. Which of the following is owned by shareholders?
A. Sole proprietorship
B. Partnership
C. Limited company
D. Co-operative societies
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18. The partnership law was inherited from the…………
A. Nigerian law of 1999
B. British law of 1890
C. American law of 2010
D. British law of 1990
20. Which of the following is a source of capital for a
partnership business?
A. Owner’s savings
LFGC/YEAR 9/ONLINE PRACTICE
26. The place in an organisation where clients and
Visitors are first attended to ia called
A. Secretariat
B. Reception
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30. Office correspondence is very important in an
Organization because ……….
A. It helps in maintaining proper relationship in an
office
B. It serves as an evidence
C. It creates and maintains goodwill
D. All of the above
31. The written communication that passes through the
Messenger or the post office is called
A. Document
B. Mail
C. Transaction
D. Business
32. Which of the following is NOT involved in handling of
Incoming mails?
A. Receiving the mail
B. Opening the mail
C. Recording the mail
D. Burning the mail
33. Handling outward mail generally involves the
Following steps EXCEPT
A. Entering the mail
LFGC/YEAR 9/ONLINE PRACTICE
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35. Objectives of filing include
A. Classification and proper arrangement
B. Protection of documents against possible loss
C. Provision of information without loss of time
D. All of the above
D. All of the above
36. Which of the following is NOT a document used in
An office?
A. Letter of enquiry
B. Quotation
C. Order
D. Police report
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29. Which of the following documents is handled by a
Receptionist?
A. Orders
B. Visitor’s book
C. Hymn book
D. Payroll
34. The fastest and most convenient way of sending
Messages, data, graphics through the internet is
called
A. Electronic mail
B. Electronic inbox
C. Electronic view
D. Electronic sending
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28. The qualities of a receptionist include the following
EXCEPT
A. Patience
B. Flexibility
C. Talkativeness
D. Ability to operate computer
B. Collection of outgoing mail
C. Preparation of envelopes
D. Voice recording
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C. Security office
D. Production department
27. The staff of an office that is responsible for receiving
Directing visitors and clients coming to the office is
Called ……….
A. secretary
B. gateman
C. receptionist
D. office assistant
37. An invoice contains...........
A. Number of invoice and date of issue
B. Order number of the buyer
C. Customer’s name and address
D. All of the above
38. The party upon whom a cheque is drawn is.........
A. Drawee
B. Payee
C. Cashier
D. Secretary
39. ........is the party who presents a cheque for payment
A. Drawee
B. Payee
C. Drawer
D. Cashier
40. The person who draws a cheque upon a specified
Banker is called.........
A. Drawee
B. Payee
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C. Drawer
D. Cashier
41. The art of buying and selling of goods and services
Is called
A. Commerce
B. Trade
C. Trade
D. None of the above
47. Attitude involves the following EXCEPT
A. Feeling
B. Values
C. Anxiety
D. Beliefs
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42. Which of the following is not a function of the
personnel department?
A. Recruitment of staff
B. Auditing of the organization’s account
C. Training of staff D. Promotion of staff
A. Promotion
B. Better team player
C. Promptness
D. High performance
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49. All the following are aids to trade EXCEPT
A. Transportation
B. Warehousing
C. Bookkeeping
D. Insurance
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43. The department that is responsible for keeping
records of stock of goods produced in the organization’s
warehouse before distributing them for marketing is
A. Purchasing department
B. Production department
C. Sales department
D. Account department
48. Which of the following concepts is human activities
that deal with buying and selling of goods and services
and supporting activities?
A. Business Studies
B. A career
C. Business
D. Commerce
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44. The department of an organization that helps to
widen and expand the market for its product is
A. Administration department
B. Marketing department
C. Account department
D. Planning department
45. The following are the functions of the planning
department EXCEPT
A. Finding new area of investment for the organization
B. Identifying new sources of raw material and semifinished Goods
C. Facilitating quick delivery of goods ordered from the
company
D. Designing and developing new products
46. Which of the following is an attribute of punctuality
and regularity?
LFGC/YEAR 9/ONLINE PRACTICE
50. The following are factors of production EXCEPT
A. Labour
B. Industry
C. Capital
D. Entrepreneur
51. Another name for foreign trade is
A. Internal trade
B. Home trade
C. External trade
D. Boundary trade
52. All the activities that facilitate smooth flow of goods
From the manufacturing centre to the consumption
Centre is called……..
A. Trade
B. Aids to trade
59. The means by which risks of loss or damage can be
Shifted to another party is known as…….
A. Fidelity
B. Insurance
C. Banking
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54. The right attitude to work includes the following
EXCEPT
A. Commitment
B. Punctuality
C. Lateness
D. Regularity
62. A person who organizes and manages a business
Undertaking, assuming the risk for the sake of profit
Is called……..
A. Banker
B. Entrepreneur
C. Capitalist
D. Director
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55. …….is the soul of business?
A. Punctuality
B. Devotion to duty
C. Respect
D. regularity
61. The following are principles of insurance EXCEPT
A. Indemnity
B. Insurable interest
C. Proximate cause
D. Exception
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53. Which of the following is an importance of having
Right attitude to work?
A. It makes us to be lazy at work
B. It makes us to be productive at work
C. It makes us not to achieve result at work
D. It makes our business not to grow
B. Medium cost
C. Premium
D. Prepayment
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C. Export trade
D. Foreign trade
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56. The attitude that helps us to be committed to our
Work is our………….
A. Respect
B. Regularity
C. Commitment
D. Devotion to duty
63. Establishment of a successful business unit begins
With one of the following
A. Selling goods to the business
B. Hiring staff of the business
C. Conception of good business idea
D. Advertising goods of the company
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57. Which of the following is not a type of bank account?
A. Savings account
B. Current account
C. Fixed deposit account
D. Mobile phone account
58. The bank which is responsible for printing of Nigeria
Currency is known as
A. Diamond bank
B. Fidelity bank
C. First City Monument Bank (FCMB)
D. Central Bank of Nigeria
D. None of the above
60. The fixed amount of money paid to the insurer by the
Insured for insurance cover is called……….
A. Average cost
LFGC/YEAR 9/ONLINE PRACTICE
64. The following are good business opportunities in
Nigeria EXCEPT
A. Poultry farming
B. Plantain chips business
C. Water production business
D. Buying and selling of guns
65. A situation where you purchase an item you did not
Plan for is called…….
A. Auction buying
B. Impulse buying
C. Force buying
D. Promo buying
66. The art of recording and classifying all transactions
Of a business which involves the transfer of money
Or money’s worth is called……..
A. Reporting
B. Selling
C. Marketing
D. Book keeping
67. The following are Book keeping ethics EXCEPT
A. Accuracy
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B. Professional competence
C. Strict confidentiality
D. Slothfulness
C. Administrative expenses
D. None of the above
75. The following are function keys on keyboard
EXCEPT
A. F20
B. F1
C. F12
D. F5
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77. The following are types of paragraph EXCEPT
A. Blocked paragraph
B. Indented paragraph
C. Hanging paragraph
D. Complete paragraph
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69. ……..is the account for recording transactions
Relating to losses, gains, expenses and incomes.
A. Personal account
B. Nominal account
C. Real account
D. Fixed deposit account
76. A paragraph consists of ………
A. more than one sentence
B. one sentence
C. one phrase
D. more than one clause
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68. Which of the following is not a type of ledger
Account?
A. Personal account
B. Impersonal account
C. Savings account
D. Nominal account
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70. The two sides of a ledger are ……..
A. Credit and debit
B. Sales and purchases
C. Right and left
D. None of the above
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78. The type of paragraph in which the first line in each
Paragraph begins at five spaces to the right while
Subsequent lines begin at the left hand margin is
A. Blocked paragraph
B. Indented paragraph
C. Hanging paragraph
D. Complete paragraph
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71. The account of transactions relating to individuals or
Organizations is known as
A. Personal account
B. Real account
C. Nominal account
D. Impersonal account
72. The account that records transactions relating to
Tangible items is called
A. Personal account
B. Real account
C. Nominal account
D. Impersonal account
73. A person that is responsible for keeping all petty
Cash transactions in an organization is……..
A. Operation manager
B. Receptionist
C. Petty cashier
D. Sale man
74. A small amount used to pay for small items is…….
A. Coins
B. Petty cash
LFGC/YEAR 9/ONLINE PRACTICE
79. The type of paragraph in which all lines begin at the
Left-hand margin is called
A. Blocked paragraph
B. Indented paragraph
C. Hanging paragraph
D. Complete paragraph
80. A memorandum is also known as
A. Paragraph
B. Sentence
C. Memo
D. E-mail
81. A memorandum is sent to
A. people in the same family
B. people outside the country
C. people outside a company
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D. people within the same company
A.
B.
C.
D.
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91. The following are important parts of business letters
EXCEPT
A. Address of the receiver
B. Date
C. Subject
D. Complexion of the sender
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85. Which of the following is not a quality of a good
Business goal?
A. It must be specific
B. It must be measurable
C. It must be expensive
D. It must be attainable
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84. A business investment is as important as setting
Goals that would……..
A. aid performance evaluation
B. measure success
C. motivate the workforce
D. All of the above
90. Which of the following size of paper is proper for
Writing business letter?
A. A4
B. A5
C. A2
D. A3
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83. An internet service that allows those people who
Have an e-mail address (accounts) to send and
Receive electronic letters is called………
A. Data plan
B. Networking
C. Electronic mail
D. Topography
89. The following are purposes of business letters
EXCEPT
A. To create proposals for clients
B. To request for a price list
C. To thank someone for a service
D. To reply an insult letter
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82. A memo must contain the following EXCEPT
A. The date
B. The sender
C. The stamp
D. The receiver
Business organization is called
Telephone
SMS
Business letter
Chatting
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86. A business document that describes in detail how
A new business is going to achieve its goals is…
A. Business document
B. Business asset
C. Business liability
D. Business plan
87. The following are importance of good business plan
EXCEPT
A. It creates guide
B. It forecasts sales
C. It integrates business
D. It creates monopoly
88. A formal communication method used to
Communicate with people within and outside
LFGC/YEAR 9/ONLINE PRACTICE
92. Which of the following can be used as salutation for
Business letter?
A. Dear Uzo,
B. Dear Samuel,
C. Dear love,
D. Dear Sir/Madam,
93. The letter a company writes to a seller of goods to
Know the details of the goods which they want to
Buy is called
A. Quotation letter
B. Order letter
C. Business enquiry letter
D. All of the above
94. A letter written when a purchaser does not find the
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B. sender of the message
C. persons to whom the message is copied
D. receiver of the message
95. Which of the following is the most effective medium
of communication?
A. Television
B. Radio
C. Face-to-face
D. Gong
96. What is the full meaning of GSM?
A. Global System of Messaging
B. Global Systematic Medium
C. Global System for Mobile Communication
D. Global Mobile System
102. Feedback is also called………..
A. sender
B. medium
C. response
D. receiver
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103. What does P.M.B stand for?
A. Post Office Bag
B. Personnel Management Board
C. Private Mail Bag
D. Public Mail Bag
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97. What is www?
A. Website Western World
B. World Wide Website
C. World Wide Web
D. Western World Wild
104. The attention of present and potential
Customers are drawn to the existence of a
Product by means of
A. Advertising
B. Banking
C. Commerce
D. Communication
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98. The following are privately owned communication
Agencies EXCEPT
A. Etisalat
B. Glo
C. NIPOST
D. MTN
99. ……………is a communication system used by
Individuals and organizations to send letters, reports
And data electronically through the internet.
A. E-learning
B. E-mail
C. Memorandum
D. Manuscript
100. Who is the meaning of subject in an e-mail?
A. title of the message
LFGC/YEAR 9/ONLINE PRACTICE
101. The following are parts of a Memorandum EXCEPT
A. The heading
B. The body
C. The reference
D. The tail
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Goods to be satisfactory is called
Quotation letter
Order letter
Business enquiry letter
Complaint letter
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B.
C.
D.
105. Advertising is said to be
A. Clear and full of jokes
B. Competitive and hot
C. Informative and distractive
D. Informative and persuasive
106. Which of the following media of advertising
appeals most to the deaf and dumb?
A. Cinema
B. Loudspeaker
C. Radio
D. Signal
107. Which of these attracts a wider audience in
advertising?
A. Bill board
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116. The keyboard is divided into ………horizontal parts.
A. three
B. two
C. four
D. six
117. UPS stands for
A. Uniform Processing Section
B. Uninterrupted Power Supply
C. Uniform Power Supply
D. Unilateral Power Section
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110. What is a ship manifest?
A. The document used for voyage
B. The list of the passenger of a ship in one voyage
C. The captain of a ship and his crew
D. It is dead freight
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109. The fastest and safest means of transportation
Is by
A. water
B. rail
C. air
D. land
115. The person who buys goods or services to be used
Or consumed is known as
A. Producer
B. Retailer
C. Consumer
D. Wholesaler
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108. Informative advertising is used to
A. provide information on the existence of a product
B. convince people that one product is better than
Other products
C. encourage or entice people to buy a product
D. promote two or more products of the same
Organization
114. These are all hindrances to effective
communication
EXCEPT
A. wrong medium of communication
B. using difficult words
C. wrong signals
D. clear understanding of message
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B. Cinema
C. Hand bill
D. Radio
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111. …………..is constructed specially for carrying
goods.
A. Helicopter
B. Cargo airplane
C. Jet liner
D. Special aircraft
112. Liquid is always transported through………..
A. land
B. water
C. pipes
D. cables
113. ……….is a broad mode of by which vehicles are
pulled by cables instead of an internal power source.
A. Cable transportation
B. Air transportation
C. Sea transportation
D. Pipeline transportation
LFGC/YEAR 9/ONLINE PRACTICE
118. Correct posture in keyboarding enables you to
A. work fast and accurate
B. delete errors
C. work without supervision
D. examine your mistakes and circle them
119. General typewriters are either…….or……..
A. special or ordinary
B. computer or manual
C. manual or electric
D. ordinary or electric
120. These are the uses of computers EXCEPT
A. accepting data
B. processing data
C. storing data and information
D. destruction of information
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