PES JS2 Business Studies Objective 3rd Term Exam 2025/2026
  • 1. Distribution means ____
A) Production of goods
B) Buying of raw materials
C) Movement of goods from producer to consumer
D) Storing of goods
  • 2. Which of these is a channel of distribution?
A) Producer → Wholesaler → Retailer → Consumer
B) Consumer → Retailer → Producer
C) Bank → Consumer
D) Government → School
  • 3. A wholesaler buys goods in ____
A) Small quantities
B) Large quantities
C) No quantity
D) Single quantity
  • 4. The person who sells directly to the final consumer is a ____
A) Producer
B) Retailer
C) Wholesaler
D) Farmer
  • 5. A Licensed Chemical Vendor is approved to sell ____
A) Foodstuff
B) Chemicals and drugs
C) Cars
D) Clothes
  • 6. One way to handle chemicals safely is to ____
A) Store them in the kitchen
B) Wear protective clothing
C) Mix them with food
D) Keep them near fire
  • 7. Wrong handling of chemicals can cause ____
A) Good health
B) Poisoning
C) Wealth
D) Happiness
  • 8. Expired chemicals should be ____
A) Disposed properly
B) Given to children
C) Mixed with new ones
D) Thrown in the river
  • 9. A financial institution that accepts deposits and gives loans is -----
A) Hospital
B) Market
C) School
D) Commercial bank
  • 10. Which of these is NOT a bank service?
A) Granting loans
B) Accepting deposits
C) Money transfer
D) Selling food
  • 11. Keeping money in a bank for future use is called ____
A) Loan
B) Bribe
C) Spending
D) Deposit
  • 12. Stealing customers' money by bank staff is called ____
A) Fraud
B) Investment
C) Saving
D) Thrift
  • 13. Insurance is an agreement to protect against ____
A) Savings
B) Profit
C) Risk and loss
D) Loan
  • 14. The small amount paid to an insurance company is called ____
A) Premium
B) Interest
C) Loan
D) Tax
  • 15. Which insurance covers hospital bills?
A) Health insurance
B) Marine insurance
C) Fire insurance
D) Life insurance
  • 16. Insurance that covers vehicles against accident is ------
A) Motor insurance
B) Life insurance
C) Marine insurance
D) Fire insurance
  • 17. Which of these is a quality of an entrepreneur?
A) Dishonesty
B) Laziness
C) Fear
D) Hardworking
  • 18. One reason entrepreneurs take risk is to ____
A) Cause problems
B) Waste time
C) Lose money
D) Make profit
  • 19. A business opportunity is ____
A) A school subject
B) A chance to start a business and make profit
C) A government job
D) A problem
  • 20. A business that operates in one town is ____ opportunity
A) Foreign
B) International
C) National
D) Local
  • 21. Which of these can help you discover business opportunities?
A) Copying without thinking
B) Observing problems around you
C) Wasting money
D) Sleeping
  • 22. MTN and Glo are examples of ____ opportunities
A) International
B) National
C) Local
D) Family
  • 23. Coca-Cola is an example of ____ opportunity
A) National
B) Community
C) International
D) Local
  • 24. A person who buys and uses goods is called ____
A) Consumer
B) Seller
C) Producer
D) Wholesaler
  • 25. Consumerism means ____
A) Protecting consumer rights
B) Selling goods
C) Wasting money
D) Producing goods
  • 26. Which is NOT one of the 8 universal consumer rights?
A) Right to Choice
B) Right to Free Goods
C) Right to Safety
D) Right to Information
  • 27. Demanding for receipt is a ____
A) Waste
B) Responsibility
C) Right
D) Punishment
  • 28. Right to redress means ____
A) Getting compensation for bad goods
B) Selling goods
C) Closing shops
D) Buying anything
  • 29. Aids to trade are services that help to ____
A) Remove obstacles in trade
B) Sell goods only
C) Buy goods
D) Produce goods
  • 30. Which aid to trade removes the obstacle of place?
A) Transportation
B) Warehousing
C) Insurance
D) Banking
  • 31. Keeping goods in a warehouse removes the obstacle of ____
A) Information
B) Time
C) Finance
D) Risk
  • 32. Which aid to trade protects goods against fire and accident?
A) Tourism
B) Communication
C) Insurance
D) Advertising
  • 33. Banks help trade by providing ____
A) Storage
B) Goods
C) Finance
D) Transport
  • 34. A market is a place where ____ meet to buy and sell.
A) Farmers only
B) Teachers and students
C) Doctors and patients
D) Buyers and sellers
  • 35. A market that serves one community is called ____ market
A) Stock
B) Local
C) National
D) International
  • 36. A market with only one seller is ____
A) Perfect market
B) Monopoly
C) Oligopoly
D) Commodity
  • 37. The Nigerian Stock Exchange is an example of ____ market
A) Local
B) National
C) Labor
D) Commodity
  • 38. Which is NOT a feature of a market?
A) Price
B) Buyers and sellers
C) Goods and services
D) Government house
  • 39. One function of a wholesaler is ____
A) Producing goods
B) Selling in pieces
C) Advertising for consumers
D) Breaking bulk
  • 40. Selling drugs without prescription can lead to ____
A) Investment
B) Employment
C) Good grades
D) Drug abuse
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