ThatQuiz Test Library Take this test now
PES JS2 Business Studies Objective 3rd Term Exam 2025/2026
Contributed by: School
  • 1. Distribution means ____
A) Buying of raw materials
B) Movement of goods from producer to consumer
C) Production of goods
D) Storing of goods
  • 2. Which of these is a channel of distribution?
A) Government → School
B) Bank → Consumer
C) Consumer → Retailer → Producer
D) Producer → Wholesaler → Retailer → Consumer
  • 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) Chemicals and drugs
B) Foodstuff
C) Cars
D) Clothes
  • 6. One way to handle chemicals safely is to ____
A) Wear protective clothing
B) Store them in the kitchen
C) Keep them near fire
D) Mix them with food
  • 7. Wrong handling of chemicals can cause ____
A) Wealth
B) Happiness
C) Good health
D) Poisoning
  • 8. Expired chemicals should be ____
A) Disposed properly
B) Mixed with new ones
C) Given to children
D) Thrown in the river
  • 9. A financial institution that accepts deposits and gives loans is -----
A) Commercial bank
B) Hospital
C) School
D) Market
  • 10. Which of these is NOT a bank service?
A) Granting loans
B) Selling food
C) Accepting deposits
D) Money transfer
  • 11. Keeping money in a bank for future use is called ____
A) Spending
B) Loan
C) Deposit
D) Bribe
  • 12. Stealing customers' money by bank staff is called ____
A) Saving
B) Fraud
C) Investment
D) Thrift
  • 13. Insurance is an agreement to protect against ____
A) Risk and loss
B) Savings
C) Loan
D) Profit
  • 14. The small amount paid to an insurance company is called ____
A) Tax
B) Loan
C) Interest
D) Premium
  • 15. Which insurance covers hospital bills?
A) Life insurance
B) Marine insurance
C) Health insurance
D) Fire 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) Hardworking
B) Laziness
C) Fear
D) Dishonesty
  • 18. One reason entrepreneurs take risk is to ____
A) Cause problems
B) Make profit
C) Waste time
D) Lose money
  • 19. A business opportunity is ____
A) A problem
B) A school subject
C) A chance to start a business and make profit
D) A government job
  • 20. A business that operates in one town is ____ opportunity
A) Foreign
B) National
C) Local
D) International
  • 21. Which of these can help you discover business opportunities?
A) Observing problems around you
B) Wasting money
C) Copying without thinking
D) Sleeping
  • 22. MTN and Glo are examples of ____ opportunities
A) Local
B) International
C) National
D) Family
  • 23. Coca-Cola is an example of ____ opportunity
A) Local
B) International
C) Community
D) National
  • 24. A person who buys and uses goods is called ____
A) Wholesaler
B) Consumer
C) Producer
D) Seller
  • 25. Consumerism means ____
A) Selling goods
B) Wasting money
C) Producing goods
D) Protecting consumer rights
  • 26. Which is NOT one of the 8 universal consumer rights?
A) Right to Information
B) Right to Safety
C) Right to Choice
D) Right to Free Goods
  • 27. Demanding for receipt is a ____
A) Punishment
B) Waste
C) Right
D) Responsibility
  • 28. Right to redress means ____
A) Getting compensation for bad goods
B) Buying anything
C) Selling goods
D) Closing shops
  • 29. Aids to trade are services that help to ____
A) Produce goods
B) Buy goods
C) Sell goods only
D) Remove obstacles in trade
  • 30. Which aid to trade removes the obstacle of place?
A) Insurance
B) Warehousing
C) Transportation
D) Banking
  • 31. Keeping goods in a warehouse removes the obstacle of ____
A) Risk
B) Finance
C) Information
D) Time
  • 32. Which aid to trade protects goods against fire and accident?
A) Insurance
B) Communication
C) Advertising
D) Tourism
  • 33. Banks help trade by providing ____
A) Transport
B) Goods
C) Storage
D) Finance
  • 34. A market is a place where ____ meet to buy and sell.
A) Buyers and sellers
B) Teachers and students
C) Farmers only
D) Doctors and patients
  • 35. A market that serves one community is called ____ market
A) National
B) Stock
C) Local
D) International
  • 36. A market with only one seller is ____
A) Perfect market
B) Oligopoly
C) Monopoly
D) Commodity
  • 37. The Nigerian Stock Exchange is an example of ____ market
A) National
B) Labor
C) Local
D) Commodity
  • 38. Which is NOT a feature of a market?
A) Buyers and sellers
B) Government house
C) Price
D) Goods and services
  • 39. One function of a wholesaler is ____
A) Breaking bulk
B) Advertising for consumers
C) Selling in pieces
D) Producing goods
  • 40. Selling drugs without prescription can lead to ____
A) Employment
B) Investment
C) Drug abuse
D) Good grades
Created with That Quiz — a math test site for students of all grade levels.