BECE Business Studies 2018 Paper 1 Past Questions

The process of making goods and services available to the consumer is called .......

The two main divisions of trade are

Which of the following aid commerce by keeping goods until they can be sold?

A Nigerian business man who buys goods from Ghana and re-exports them to South Africa is engaged in ....... trade.

One of the soundless means of communication used in the olden days is

The buying, selling and distribution of goods is classified under ....... occupation.

The form of business unit which has a minimum of two and maximum of twenty people is .......

Shareholders are the owners of .......

A place where variety of products area de available for the purpose of buying and selling is called .......

The following are factors that make people to lie in business except

Civil servants are engaged in .......

Which of the following facilitates the supply of goods to the market?

The main reason why an individual engages in business is to .......

The person that commits his financial resources to enjoy a product is called .......

Unlawful breaking into one's property with the intention of committing crime can be compensated under ....... insurance

Which of the following chemical characteristics suitable for home use?

The buying and selling of goods and services between two or more people within a particular country is called .......

The compensation given to the insured or assured for suffering a loss is called

The following are procedures to be considered when asking decision on needs and wants except

The following are rights of the consumer except

The favourable condition of an external environment which can be exploited by an entrepreneur is referred to as .......

The agency in charge of protecting consumers from fake and substandard good in Nigeria is .......

A customer who wants to keep his money in the bank with the intention of withdrawing it after a specific period of time can make use of ......

The meeting point for buyers and sellers of old securities is ....... market

An awareness carried out to get the attention of a particular segment of the market is called ....... advertisement

The following are factors to be considered before granting loan to a customer except

Which of the following is not a necessity of life?

One of the advantages if road transportation over air transport is that it

Which of the following is a feature of market?

A credit facility granted by First Bank of Nigeria PLC to a customer to withdraw beyond his credit balance is known as

Books of original entry are also known as .......

Which of the following is the reason for petty cash book system? To ......

The following columns can be found in petty cash book account except

What is the amount of Net profit?

The total current assets is .......

The amount of debtors is .......

Which of the following columns is not part of a journal?

Which of the following columns records all payments made by cheque?

The initial amount used in starting a business is known as .......

The following are divisions of assets except

Ledger is divided into .......

Ledger is classified into the following except

What is the amount of closing stock?

What is the amount of Gross Profit?

The amount of sales is

The following items are recorded at the debit side of trial balance except

The document sent by the seller to the buyer at regular intervals showing credits and debits is known as .......

```Use the information below to answer questions 48 to 50

What is the amount of rent received?

```Use the information below to answer questions 48 to 50

What is the total balance on the debit side?

```Use the information below to answer questions 48 to 50

The returns inwards amount is