📘 SUBJECT: Business Studies
CLASS: JSS 3
TERM: Third Term
TOPIC: BECE Revision Examination Questions
This examination is designed to help students revise key Business Studies concepts in a clear, relatable, and confidence-building way. The questions reflect real BECE standards and everyday business situations students can easily understand.
📝 PART A: OBJECTIVE QUESTIONS
Answer all questions. Choose the correct option (a–d).
(40 Questions)
- A person who contributes capital to a business but does not take part in its management is called a
(a) general partner
(b) limited partner
(c) nominal partner
(d) sleeping partner - Which of the following partners takes active part in the daily running of the business?
(a) Sleeping partner
(b) Nominal partner
(c) General partner
(d) Limited partner - A clerk must possess the following qualities to perform well, except
(a) personal qualities
(b) job qualities
(c) honesty
(d) laziness - The aid to trade that involves the movement of goods and people from one place to another is known as
(a) advertising
(b) transportation
(c) banking
(d) communication - Stock turnover refers to
(a) value of goods returned
(b) value of opening stock
(c) rate at which stock is sold
(d) value of closing stock - Net sales can be calculated as
(a) sales less returns inward
(b) purchases less returns outward
(c) sales plus returns inward
(d) purchases plus returns inward - Which of the following is not a career opportunity in Business Studies?
(a) Banker
(b) Secretary
(c) Transporter
(d) Choice - Something a person desires but can live without is known as
(a) need
(b) want
(c) demand
(d) income - Which of the following is not a benefit of e-commerce?
(a) It is fast
(b) It is convenient
(c) It is secure
(d) It is expensive - The book used to record goods returned by customers is called
(a) purchase journal
(b) sales journal
(c) returns inward book
(d) returns outward book - A typing pool is a place where
(a) secretaries rest
(b) typewriters are kept and used
(c) files are stored
(d) documents are destroyed - The occupation of buying and selling goods for profit is known as
(a) industry
(b) commerce
(c) trade
(d) profession - Which of the following is an example of personal quality of a clerk?
(a) Speed
(b) Accuracy
(c) Punctuality
(d) Qualification - The reward for risk-taking in business is
(a) salary
(b) wages
(c) interest
(d) profit - Which aid to trade helps in promoting goods and services?
(a) Transportation
(b) Banking
(c) Advertising
(d) Insurance - A business owned and controlled by one person is called
(a) partnership
(b) cooperative
(c) sole proprietorship
(d) public limited company - Which document is used to show goods sold on credit?
(a) Receipt
(b) Invoice
(c) Debit note
(d) Credit note - The place where finished goods are kept before sale is called
(a) factory
(b) office
(c) warehouse
(d) market - A need is best described as something that
(a) is luxury
(b) is essential for survival
(c) brings pleasure
(d) is expensive - Which of the following is an example of immovable property?
(a) Vehicle
(b) Land
(c) Cash
(d) Furniture - The main function of banks is to
(a) sell goods
(b) accept deposits and give loans
(c) transport goods
(d) advertise products - Division of labour simply means
(a) sharing profit
(b) sharing loss
(c) sharing work
(d) sharing capital - The buying of goods from other countries is known as
(a) export trade
(b) home trade
(c) wholesale trade
(d) import trade - The book used to record goods returned to suppliers is called
(a) returns inward book
(b) purchase journal
(c) returns outward book
(d) sales journal - Which of the following is a service industry?
(a) Farming
(b) Mining
(c) Banking
(d) Fishing - The process of exchanging goods for money is known as
(a) production
(b) consumption
(c) trade
(d) distribution - Which document is issued to acknowledge payment?
(a) Invoice
(b) Receipt
(c) Debit note
(d) Credit note - The person who buys goods in large quantities and sells in small quantities is a
(a) retailer
(b) wholesaler
(c) agent
(d) producer - Capital in business refers to
(a) goods sold
(b) money invested
(c) profit made
(d) expenses incurred - The final consumer of goods is the
(a) wholesaler
(b) retailer
(c) producer
(d) consumer - Which of the following is a fixed asset?
(a) Stock
(b) Cash
(c) Building
(d) Debtors - The movement of information in business is handled by
(a) transportation
(b) communication
(c) banking
(d) warehousing - Which of the following is an example of public enterprise?
(a) Private shop
(b) Cooperative society
(c) Government corporation
(d) Sole trader - Insurance helps businesses to
(a) make profit
(b) reduce risk
(c) sell goods
(d) transport goods - The person who provides capital and shares profit in a partnership is a
(a) clerk
(b) manager
(c) partner
(d) agent - Office equipment includes all except
(a) computer
(b) typewriter
(c) stapler
(d) wheelbarrow - Which of the following is a source of capital?
(a) Salary
(b) Loan
(c) Discount
(d) Receipt - The term “commerce” includes
(a) production only
(b) trade only
(c) trade and aids to trade
(d) industry only - A business document prepared by the buyer is
(a) invoice
(b) receipt
(c) debit note
(d) credit note - Which of the following is the main aim of business?
(a) enjoyment
(b) service to self
(c) profit making
(d) punishment
✍️ PART B: THEORY QUESTIONS
Answer any five (5) questions.
(20 Questions)
- Define Business Studies.
- Explain four (4) characteristics of a good clerk.
- What is trade? Mention two types of trade.
- State four (4) benefits of e-commerce.
- Differentiate between needs and wants.
- List four (4) aids to trade and explain any one.
- Explain the meaning of partnership.
- Mention three (3) types of partners and explain one.
- What is stock turnover?
- State four (4) functions of a bank.
- Explain the importance of transportation in business.
- Define capital and mention three sources of capital.
- What is office practice?
- State four (4) office equipment and their uses.
- Explain the meaning of insurance.
- Mention four (4) career opportunities in Business Studies.
- What is net sales?
- Explain the difference between returns inward and returns outward.
- Define commerce and list its components.
- State four (4) objectives of Business Studies.
✅ Teacher’s Note
This question set is carefully aligned with BECE expectations, written in clear student-friendly language, and structured for easy classroom use, revision, and online publication.
