Question 1Which of the following is not a personal quality of a clerk?A.a good appearanceB.a sound educational backgroundC.being hostileD.has to be intelligentE.the ability to answer questionsObjective Show full explanation
Question 2The following are components of business studies exceptA.book keepingB.commerceC.economicsD.office practiceE.shorthandObjective Show full explanation
Question 3Which of the following office equipment is used to create hole on a paperA.filling cabinetB.perforatorC.photocopierD.ready reckonerE.type writerObjective Show full explanation
Question 4A place where information is received, sorted, acted upon, and filed for future reference is called a/anA.officeB.receptionC.roomD.typing poolE.workshopObjective Show full explanation
Question 5Which of the following is not a career opportunity that may be open to a business studies student?A.accountancyB.bankingC.marketingD.managementE.pharmacyObjective Show full explanation
Question 6An integrated and practical course that is made up of various subjects is known asA.book keepingB.business studiesC.insuranceD.salesmanshipE.store keepingObjective Show full explanation
Question 7An honest staff isA.deceitfulB.dedicatedC.disobedientD.fraudulentE.trickishObjective Show full explanation
Question 8Which of these department is responsible for the procurement of materials in a company?A.administrativeB.accountsC.personnelD.productionE.purchasingObjective Show full explanation
Question 9The role of wages and salaries unit of a company is to prepareA.credit noteB.delivery noteC.payrollD.requisition formE.store recordsObjective Show full explanation
Question 10The method of paying wages at equal amount per week or month, irrespective of quantity of work done is calledA.commission bonusB.flat rateC.piece rateD.premium bonusE.time rateObjective Show full explanation
Question 11The following are types of office equipments exceptA.adding machinesB.binding machinesC.perforatorD.photocopierE.sewing machinesObjective Show full explanation
Question 12Which of the following is not a feature of an invoice?A.addressB.dateC.quantityD.salutationE.signatureObjective Show full explanation
Question 13The following are features of a formal letter exceptA.attention lineB.inside addressC.matters arisingD.reference numberE.subject headingObjective Show full explanation
Question 14Which of the following correspondences contains condition of service for a newly recruited employeeA.application letterB.appointment letterC.circularD.memorandumE.noticeObjective Show full explanation
Question 15To improve the image of an organisation, the receptionist shouldA.assist female visitors onlyB.assist male visitors onlyC.be able to speak all languagesD.have good human relationsE.quarrel with visitors only when they are difficultObjective Show full explanation
Question 16The following are parts of a personal letter exceptA.body of the letterB.dateC.salutationD.sender's addressE.yours faithfullyObjective Show full explanation
Question 17Which of the following is not an advantage of office equipment?A.energy wastingB.enhances accuracyC.increases productivityD.promotes efficiencyE.time savingObjective Show full explanation
Question 18The following are features of memorandum exceptA.dateB.formC.referenceD.signatoryE.toObjective Show full explanation
Question 19Document to be attended to by more than one officer should beA.left in the mail roomB.placed on the notice boardC.photocopied for the staff involvedD.posted to all the staffE.transferred through bulletinObjective Show full explanation
Question 20Which of the following is not an attribute of truthfulness?A.fairnessB.honestyC.impartialityD.obscurityE.opennessObjective Show full explanation
Question 21The most flexible means of transportation among the following isA.canoeB.pipelineC.shipD.trainE.vehicleObjective Show full explanation
Question 22Transport by land comprises _____ and ______A.air, roadB.pipeline, waterC.rail, roadD.rail, waterE.road, waterObjective Show full explanation
Question 23The fastest way to communicate with a business partner and receive immediate feedback is byA.courier serviceB.parcel postC.registered letterD.telegram messageE.telephone callObjective Show full explanation
Question 24The following are modern means of communication exceptA.radioB.telegramC.telephoneD.televisionE.whistleObjective Show full explanation
Question 25Dissemination of information about new or existing product to the public with the view of making patronage is calledA.advertisementB.communicationC.distributionD.marketingE.tradingObjective Show full explanation
Question 26The following are types of advertisements exceptA.competitiveB.educativeC.informativeD.persuasiveE.specificObjective Show full explanation
Question 27A document usually completed before signalling an insurance contract is called _____ formA.claimB.insuranceC.policyD.proposalE.registrationObjective Show full explanation
Question 28The insurance policy taken against stealing by breaking into the house is known asA.burglary insuranceB.comprehensive insuranceC.endowment policyD.fire insuranceE.life insuranceObjective Show full explanation
Question 29An amount of money paid by an insured to the insurer is known asA.compensationB.endowmentC.indemnityD.premiumE.suprogationObjective Show full explanation
Question 30A bank account in which money is kept for a specified period of time before withdrawals are made is called ______ accountA.currentB.fixed depositsC.joint D.savingsE.short depositsObjective Show full explanation
Question 31A valid cheque must have the following details except A.address of the payeeB.amount to be paid in wordsC.correct dateD.correct signature of the drawerE.name of the payeeObjective Show full explanation
Question 32When a buyer gives purchases order based on the statement made by the seller, he is buying byA.auctionB.descriptionC.inspectionD.sampleE.tenderObjective Show full explanation
Question 33Buying and selling between two countries can be described as ______ trade.A.bilateralB.entrepotC.exportD.foreignE.multilateralObjective Show full explanation
Question 34The association of individuals with common interest who pool resources to promote the welfare of their members is known asA.cooperative societyB.joint ventureC.limited liability companyD.partnershipE.sole proprietorshipObjective Show full explanation
Question 35Which of the following is not a form of business ownership?A.Co-operative societyB.Partnership businessC.Public limited companyD.sole proprietorshipE.stock exchange marketObjective Show full explanation
Question 36A one man business can also be calledA.co-operative societyB.joint stock companyC.partnership businessD.sole proprietorshipE.stock exchange marketObjective Show full explanation
Question 37A blacksmith that produces aluminium spoons, plates and pots are categorized under _____ serviceA.commercialB.directC.indirectD.industrialE.personnelObjective Show full explanation
Question 38If a bank allows a customer to withdraw more than his credit balance, he has been given a/anA.dividendB.credit noteC.loanD.mortgageE.overdraftObjective Show full explanation
Question 39The following are sources of finance open to a sole trader exceptA.personal savingB.borrowing from friendsC.borrowing from family membersD.credit purchase from suppliersE.debenturesObjective Show full explanation
Question 40Which of the following is not a characteristic of Transparency, Accountability and Probity?A.due processB.fairnessC.free flow of informationD.generosityE.impartialityObjective Show full explanation
Question 41The following are problems created by lack of Transparency, Accountability and Probity exceptA.embezzlementB.increased incidence of briberyC.influence peddlingD.partialityE.tax avoidanceObjective Show full explanation
Question 42The balance of Trading Account showsA.capitalB.gross profits/lossC.interestD.net profit/lossE.reservesObjective Show full explanation
Question 43The prime book of account as well as a ledger is known as _____ book.A.cashB.purchase bookC.return inwardsD.return outwardsE.salesObjective Show full explanation
Question 44The book which records receipts and payments of money in cash or cheque is known asA.bank statement B.cash bookC.cheque bookD.credit bookE.debit bookObjective Show full explanation
Question 45A petty cashier is given a specified sum known asA.capitalB.cash balanceC.cash floatD.fundE.moneyObjective Show full explanation
Question 46The following items are on the ledger exceptA.amountsB.dateC.folioD.journalE.particularObjective Show full explanation
Question 47A document sent by the seller to a customer when the customer is undercharged is calledA.chequeB.credit noteC.debit noteD.invoiceE.receiptObjective Show full explanation
Question 48The following are source documents exceptA.chequeB.credit noteC.debit noteD.invoiceE.journal Objective Show full explanation
Question 49A document issued as an evidence of payment is calledA.chequeB.credit noteC.debit noteD.invoiceE.receiptObjective Show full explanation
Question 50Use the following information to answer questions 50 - 53.Calculate drawingsA.#600B.#700C.#800D.#900E.#1,000Objective Show full explanation