BECE Business Studies 2017 Paper 1 Past Questions

The person who contributes capital but does not take active part in the day to day running of the business is called _______ partner.

The market for borrowing and lending of short-term funds for investment is the _______ market.

The following are factors to be considered before choosing a particular channel of distribution except

A consumer that is seeking redress can channel his complaint through

The following are government agencies responsible for protection of consumers except

The person who completes the process of production is called _______.

The process of searching and purchasing items in exchange for money is called _______.

The ability of a buyer to make spot payment for commodities bought explains his shopping tips of _______.

A written document that describes in details how a new business is going to achieve its goals is called business

The following are rights of consumers except the right to _______.

One of the set backs of insurance in business is that it _______.

At the death of a policy holder, the next of kin will be paid _______.

The following are aids to trade except

The farmer who grows food and cash crops is engaged in

The easiest and quickest means of interacting with people within and outside the country is through _______.

The form of advertising that is displayed along major roads is _______.

Inducing consumers to shift interest from one product to another is described as _______ advertising.

Which of the following is a disadvantage of road transportation?

Which of the following products is conveyed through pipeline?

When Union bank allows Mr. Agada to withdraw more than his credit balance, he said to be given a/an _______.

The following are functions of a wholesaler except than he

Re-exporting goods already brought into a country as import is known as _______ trade.

The form of business that involves the coming together of a minimum of two and maximum of twenty people is known as _______

The form of business that is set up by government to provide essential services to its citizens is the _______.

The reward for an entrepreneur as a factor of production is _______.

The following are dishonest activities in business except

Which of the following is concerned with primary production?

The purpose of production is to _______

A person identified with unsatisfied need in market is called a/an _______.

Which of the following instruments is traded in the money market?

The recording of cash and credit transactions so that information relating to the business can be easily obtained is known as _______.

Which of the following can be used to test the arithemetic accuracy of the postings in the ledger?

On 1st Jan. 2013, M. Umar started business with N20000 cash. What will be the double entry for this transaction?

What is the debit balance of the trial balance?

What is the credit balance of the trial balance?

The statement of a financial position as at the end of a year is called _______.

Current assets less current liabilities is equal to _______.

Cost of goods sold is _______.

The document sent by a seller to a customer when there is an overcharge is called _______.

In book keeping, a double ruling across an amount column indicates that the work is _______.

The amount given to customers for prompt payment of their account is called _______.

Which of the following is used for the correction of error?

Book keeper's first source of information as regarding a transaction comes from the following documents except

Which of the following equations is not correct?

The document which contains a written order to a bank to pay a stated sum of money to a named a person is called

Which of the following is not an example of liabilities?

Which of the following is not debited to trial balance?

What is the amount of Furniture and Fittings?

The amount of capital is _______.

The total amount of Fixed Asset is