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WorksheetsBusiness Studies Second Examination 2021/2022 Academic Session
Total questions: 50
Worksheet time: 40mins
Which of the following is not among banking services?
Granting of loans
Issuing raveller’s Cheque
Banker’ draft
Keeping valuables
Which of the following is not an ethical issue in the banking sector?
Confidentiality
Integrity
Non-transparency
Transparency
Which of the following is the correct full form of ATM?
Automatic Take Machine
Any Time Machine
Automated Teller Machine
None of these
The person or firm who gets compensation is called:
Insurer
Insured
Premium
Happening of an event
In which of the following account highest rate of interest is given :
Saving account
Current account
Recurring account
Fixed deposit account
Which of the following services of bank permits withdrawal of money more than the balance in the account?
Bank draft
Overdraft
Banker's cheque
Fixed deposit
A country wide system through which person can electronically transfer from one bank branch to another person having an account with the other bank branch in the country is known as
Pay order
RTGS
Bank draft
NEFT
A contract by which the insurer, in consideration of a certain amount known as premium, undertakes to pay to a person or his heirs a certain amount of money on his death or on attaining a certain age is known as
General insurance
Life insurance
Special insurance
Burglary insurance
Name the central bank of our country
CBN
SBI
FBI
IDBI
Which institute is called a debtor as well as a creditor?
LIC
GIC
Bank
Post office
When banks allow customers to draw more money than he has in his bank account, this is called____
loan
cash
overdraft
debt
____are public limited liability companies that are in the business of providing financial services to consumers and businesses
Market
Bank
Industry
School
The document which contains a written order to a bank to pay a stated sum of money to a named person is called ______
book
slip
cheque
money
Which of the following is the purpose of insurance?
To make profit
To make good the loss suffered
To collect premium
To avoid loss
One of the insurance policy is not for motor vehicle
third party
marine
comprehensive
theft
All the risks stated below are not insurable except (a)storm(b) earthquake(c) gambling (d) thefts
thefts
storm
earthquake
gambling
What is the sum of money paid by the insured to the insurance company called?
Discount
Commission
Premium
Dividend
A _____ is a place for selling raw materials and finished goods (a) Market square (b) Free Market (c) Commodity market
Market square
Free market
Commodity market
Money market
A method of buying in which goods are sold to the buyer who offers the highest price (highest bidder) is called
sampling
description
auction
inspection
Retailer B bought the following items for sale:
200 bags of rice at N6,000 each
250 tins of cooking oil at N2,500 each
10 gas cooker at N60,000 each with 60% discount allowed by the seller.
Determine the amount to be paid by the Retailer
N2,065,000
N240,000
N600,000
N1,200.000
Which of the following is not a type of insurance?
Vehicle accident insurance
Life assurance
Marine insurance
Public insurance
Marine insurance involves _________
insurance to cover goods and houses
insurance to
cover goods and business
insurance to cover goods and ship
insurance to cover ship and waters
Insurance can be taken out on all but one of the following
vehicle
house
business
income
_______ is also known as a caller.
Visitor
Customer
Receptionist
Boss
All are personal qualities of an entrepreneur except _____
selfish
determined
disciplined
focus
______ is the mail received in and sent out of an organization.
Journal
News book
Correspondence
Dispatch book
______ is the identification of the need of people in which an entrepreneur can invest for profit making.
Business mindedness
Business passion
Business discipline
Business opportunity
Which of the following pairs are the major duties of a receptionist?
Gossiping and receiving callers
Handling the telephone and posting letters
Receiving callers and handling the
telephone
Smiling and conversing with visitors
______ is a market where long term loans are traded.
money market
capital market
commodity market
financial market
_______ is the final link in channel of distribution.
Market
Consumer
Producer
Retailer
A trader who carries his goods from place to place is called _______.
a trader
a carrier
an hawker
a seller
_________ is a branch of commerce that covers business risk.
banking
insurance
finance
marketing
An ambassador of an organization from whom the visitor gets his first impression is called _____
clerical officer
receptionist
author
clerk
In a business organization, who is a risk bearer?
coordinator
entrepreneur
trader
middleman
_____ is a responsibility of a consumer
To be heard
Redress
To choose
Speakup
There are _____ universal rights of a consumer
3
8
4
7
Which of the options means the right to live and work in an envrionment that is non threatening to the well being of present and future generation
Right to use
Right to healthy environment
proper claims
Right to choice
Proper use of product is a
Rule
Regulation
Responsibility
Right
_______ is consumer protection, or consumer activities, which seeks to protect and inform consumers by ensuring such practices as honest packaging, advertising products guaranttee and improved safety standard
Consumer Responsibility
The right to choice
consumerism
Consumer Right
A person who buys goods to be used by him/herself or on behalf of the actual buyers is a
seller of goods
purchaser
consumer
seller
The principle of freedom that users of a particular product are entitled to is
Origin
Consumerism
Consumer right
Consumer responsibilitie
TAP means
Transpose, accountability, porbity
Transparency, accountability, probity
Transparency, account, probity
Transparency, accountability, probability
Which of the following is not a characteristics of TAP?
Dues process
Fairness
Generosity
Free flow of information
One of the followinfg is an attribute of Tap
Partiality
Favouritism
Fraud
Due process
All except one is a problem created by lack of TAP
Bribery and corruption
Fraud
Partiality
Fairness
What is probity?
It is the act of being content with oneself
The act of being completely honest
The act of one Ego rules
The ability to be discipline
The following are problems created by lack of Transparency, accountability, probity
influence peddling
increase in incidence
tax avoidance
embezzlement
____ is the disclose of work done by those in authority to people who have the right to ask questions
TAP
Accountability
Need for TAP
Transparency
___ is an unplanned decision taken to buy a product orservice just on seeing the product or its promotional message
Rate
Pulse rate
Impulse Buying
Buying
The following are needs except
Toys
clothes
Healthcare
Food
