JSS 3 NECO BECE 2027 Questions and Answers Business Studies

This is for BECE Candidates looking for NECO BECE 2027 Questions and Answers Business Studies, as they call it. But this is Basic Education Certificate Examination by the National Examination Council (NECO) for JSS3 candidates. The Business Studies paper is compulsory for all candidates regardless of their schools. So, here you will get genuine NECO BECE 2027 Questions and Answers for Business Studies. Your duty now is to read through them as many times as possible and get ready to smash your paper. Remember to use the comments sections if you have questions, and don’t forget to join our Free Online Tutorial Classes on YouTube (Subscribe to the Channel).

What are NECO BECE 2027 Questions and Answers Business Studies?

NECO BECE 2027 Questions and Answers Business Studies are the questions you should expect in your Business Studies paper in 2027 BECE, together with their answers.

It is very important that every candidate preparing to sit for in the forthcoming 2027 BECE examinations should catch a glimpse of these questions.

In so doing, they will know what to expect in the exam hall Knowing exactly what to expect will boost their confidence and guarantee them a very high score.

Note that there are two papers under Business Studies:

1. Paper 1: Commerce and Bookkeeping
2. Paper 2: Office Practice and Keyboarding

Each of the papers has 60 multiple choice questions and would last for 1 hour.

NECO BECE 2027 Business Studies Questions and Answers Revealed!

On this page, we shall reveal NECO BECE 2027 Questions and Answers for all candidates taking the Business Studies paper.

How lucky you are to stumble upon this important page!

The questions are genuine and the answers are accurate, and all are a product of our passion to see you excel in your BECE and proceed to Senior Secondary School.

In the following sections, you will read the Business Studies questions you are to expect in your 2027 NECO BECE exam as well as their answers. You can use the comments section if you still need clarification over some of the questions. We will give you a more detailed explanation.

PAPER 1: COMMERCE AND BOOKKEEPING

COMMERCE

1. Any legitimate activity people engage in to earn a living is
A. business              B. marketing
C. occupation          D. production
E. trade

2. The financial institution that reduces risks associated with business is called
A. commercial bank
B. discount house
C. insurance company
D. microfinance bank
E. pension administrator

3. The creation of goods and services to satisfy human wants is
A. advertising         B. communication
C. distribution         D. marketing
E. production

4. The reward of an entrepreneur as a factor of production is
A. commission       B. interest
C. profit                  D. rent
E. salary

5. Which of the following facilitates the storage of goods until they are needed?
A. Advertising
B. Communication
C. Tourism
D. Transportation
E. Warehousing

6. A businessman who buys goods in large quantities from the manufacturer and sells in small quantities is a
A. customer          B. distributor
C. marketer           D. retailer
E. wholesaler

7. Teachers are engaged in a/an ______ occupation
A. commercial         B. constructive
C. extractive            D. manufacturing
E. service

8. The form of business unit that has a minimum of two and maximum of fifty shareholders is
A. cooperative society
B. partnership business
C. private limited company
D. public enterprise
E. public limited company

9. An individual who commits his financial resources to buy a product is a
A. consumer         B. marketer
C. producer          D. retailer
E. trader

10. When a customer purchases a product without planning for it, this explains
A. impulse buying
B. pre-sale service
C. rational purchase
D. seasonal purchase
E. window shopping

11. Which of the following aids the supply of goods to the market?
A. Advertising
B. Banking
C. Communication
D. Transportation
E. Warehousing

12. A public limited liability company is a business that is owned by
A. an individual          B. employees
C. government           D. shareholders
E. the creditors

13. Which of the following is not a factor to consider before granting a loan?
A. Ability to pay back
B. Availability of collateral security
C. Credibility of the customer
D. Financial position of the customer
E. Friendliness with the bank

14. The meeting point for buyers and sellers of new securities is ______ market
A. capital           B. commodity
C. money           D. primary
E. secondary

15. Which of the following is an advantage of air transport over other means? It
A. has fixed transport fares
B. is good for carrying liquid products
C. is flexible in operation
D. is the fastest
E. makes use of track

16. When a third party tries to settle a dispute between a manufacturer and a dissatisfied customer, this is a way of seeking redress by
A. arbitration        B. confrontation
C. dialogue           D. intervention
E. mediation

17. Overdraft facilities are granted to customers operating ______ account
A. current               B. joint
C. domiciliary         D. salary
E. savings

18. The following are rights of a consumer except the right to
A. be informed
B. choose
C. safety
D. seek redress
E. stabilise price

19. Which of the following qualities is required of a businessman?
A. Greed             B. Impatience
C. Laziness          D. Rudeness
E. Straightforwardness

20. A Nigerian businessman who buys goods from Togo and exports them to Kenya is engaged in ______ trade
A. bilateral          B. entrepot
C. export             D. home
E. import

21. Public enterprises are businesses owned by
A. employees            B. governments
C. individuals            D. promoters
E. shareholders

22. Which of the following institutions provides small scale businesses with finances to run their firms?
A. Commercial bank
B. Discount house
C. Insurance company
D. Mortgage bank
E. Stock exchange

23. An insurance policy taken against loss of goods through theft is ______ insurance
A. burglary          B. fidelity
C. fire                  D. marine
E. voyage

24. The following are features of land as a factor of production except that it
A. creates carrier development
B. is a free gift of nature
C. is fixed in supply
D. is geographically immobile
E. varies in quality

25. Pipeline transportation is suitable for conveying
A. bulky goods
B. fragile goods
C. heavy goods
D. liquid products
E. new products

26. The reward of labour as a factor of production is
A. commission        B. interest
C. profit                   D. rent
E. wage

BOOKKEEPING

27. Which of the following is a traditional means of communication?
A. E-mail
B. Internet
C. Metal gong
D. Television
E. Text message

28. A trader who buys and sells goods within a country is involved in ______ trade
A. entrepot          B. foreign
C. home               D. multilateral
E. retail

29. Production is said to be complete when goods produced reach the
A. consumer       B. distributor
C. retailer            D. warehouse
E. wholesaler

30. Which of the following is the primary goal of a business?
A. Creates employment
B. Maximizes profits
C. Promotes research
D. Protects the environment
E. Provides basic social amenities

31. Bookkeeping can be defined as
A. balancing of ledger monthly
B. creating the books of account
C. recording business transaction on a daily basis
D. recording of transaction on a monthly basis
E. transferring records to the ledger

32. The following are source documents used in preparing cashbook except
A. cheques
B. journal proper
C. pay-in-slip
D. payment voucher
E. receipts

33. In a double column cashbook, receipts and payments made by cheque are recorded in the ______ column
A. amount            B. bank
C. cash                  D. folio
E. particulars

34. Which of the following is used to test the arithmetic accuracy of the ledger?
A. Balance sheet
B. Cashbook
C. Journal
D. Trading account
E. Trial balance

35. The process of transferring items from a journal to their respective ledger accounts is
A. accounting        B. balancing
C. crediting            D. entry
E. posting

36. Which of the following is a reason why bookkeeping records are kept?
A. Ascertain credit sales
B. Employment purpose
C. Determine profit or loss
D. Profit maximization
E. Sense of training

37. Principle of double entry states that,
A. “debit the giver and credit the receiver”
B. “for every debit entry there must be a credit entry and vice versa”
C. “in every debit entry there must be a credit entry”
D. “on every debit entry there must be a credit entry”
E. “to every credit entry there must be a debit entry”

38. A petty cash account has an imprest of N28,000, the account has a debit balance of N5,000. How much cash is needed to restore the imprest?
A. N5,000            B. N23,000
C. N28,000          D. N33,000
E. N47,000

39. A list of balances extracted from the ledger is
A. Balance sheet
B. Profit and loss
C. Statement of affairs
D. Trading account
E. Trial balance

Use the following information to answer questions 40 and 41:

Opening stock:      N10,000
Purchases:              N2,000
Sales:                      N18,000
Closing stock:         N5,000
Carriage inward:     N1,500

40. Calculate the cost of sales
A. N7,000             B. N8,500
C. N9,500             D. N13,500
E. N15,000

41. What is the gross profit?
A. N7,000             B. N8,500
C. N9,500             D. N13,500
E. N15,000

42. Source document is a/an
A. audit report
B. budget plan of an organisation
C. document supporting financial transaction
D. financial statement
E. ledger account

43. The following are ethics of bookkeeping except
A. accuracy               B. completeness
C. consistency          D. manipulation
E. transparency

44. If cheque withdrawn for private use is N5,000. The double entries are
A. credit cash, debit bank
B. credit drawing, debit bank
C. debit cash, credit drawing
D. debit cheque, debit drawing
E. debit drawing, credit bank

45. The act of keeping secret in bookkeeping ethics is
A. accountability        B. confidentiality
C. integrity                 D. objectivity
E. transparency

46. Which of the following is recorded on credit side of a trial balance?
A. Building           B. Equipment
C. Furniture          D. Salaries
E. Sales

47. Which of the following is used for the correction of errors?
A. Balance sheet
B. Cashbook
C. Journal
D. Ledger
E. Trial balance

48. Uprightness and high morals are attributes of
A. fairness           B. impartiality
C. legality            D. openness
E. probity

49. Which of the following is found on the right hand side of the balance sheet?
A. Capital           B. Creditors
C. Debtors          D. Loans
E. Overdraft

50. The way an individual manages his/her money and other assets is called
A. investment
B. personal finance
C. public finance
D. recording
E. savings

51. The following are sources of finance for individuals except
A. debentures
B. loans from banks
C. overdraft
D. personal savings
E. profits from business

Use the following information to answer question 52:

52. What is the gross profit?
A. N15,000         B. N21,000
C. N27,000         D. N36,000
E. N45,000

53. Being open-minded in dealing with clients is an example of ______ ethics
A. accountability
B. objectivity
C. responsibility
D. transparency
E. trustworthy

54. Which of the following ledgers is used for recording goods bought on credit?
A. General           B. Personal
C. Private            D. Purchases
E. Sales

55. The document issued when cash transaction is made as an evidence of payment is
A. cheque book
B. credit note
C. debit note
D. invoice
E. receipt

56. A trial balance is used to test accuracy of
A. assets and liabilities
B. balance sheet account
C. error in additions
D. incomplete records of transaction
E. postings in the ledger

Use the following information to answer questions 57 and 58:

57. Calculate the net profit
A. N25,500          B. N26,500
C. N30,500          D. N36,500
E. N40,500

58. What are the total expenses?
A. N3,000            B. N3,500
C. N4,500            D. N5,000
E. N6,500

59. Abdullahi returned goods worth N2,000 to Muh’d Abdullahi should receive a/an
A. credit note
B. debit note
C. invoice
D. receipt
E. statement of account

60. Which of the following is found on the left side of the balance sheet?
A. Building          B. Cash
C. Creditor          D. Debtor
E. Stock

PAPER II: OFFICE PRACTICE

1. The production section of an organization is saddled with the responsibility of
A. checking goods delivered
B. converting raw materials into finished goods
C. ensuring quality control
D. placing order for the supply of goods
E. providing funds for transporting goods to customers

2. When answering telephone call as a receptionist, the second step of conversation is to
A. give the caller full attention
B. greet the caller
C. introduce yourself
D. make an offer of assistance
E. pick the incoming call

3. The last procedure for handling incoming mail is to ______
A. open all business letters and pass them to officer concerned
B. pick letters from post office
C. record details of the mails in the register
D. send confidential letters to the appropriate officer
E. Sort out correspondence

4. The importance of stock taking in an office cannot be over-emphasised because it
A. allows for theft
B. encourages excess stocking of goods
C. encourages shortage of goods
D. prevents fraud
E. undermines optimum investment in stock

5. As operational manager, which of the following is a way of taking care of office equipment?
A. Applying inappropriate oil
B. Exposing the equipment to dust
C. Keeping the equipment where it can be easily destroyed
D. Servicing regularly by an expert
E. Switch on the machine when not in use

6. Mails that are not needed anymore in an office can be destroyed by a/an ______ machine
A. adding          B. addressing
C. cutting          D. cyclostyling
E. shredding

7. The machine used to perform multiplication of numbers is a
A. calculator         B. collator
C. duplicator        D. laminator
E. perforator

8. The device used for carrying out official activities is office
A. design            B. equipment
C. furniture         D. layout
E. structure

9. The acronym POS means point of
A. sale               B. server
C. service          D. submission
E. supply

10. After purchasing a car by Mr Haruna, his evidence of payment is
A. catalogue
B. debit note
C. delivery note
D. invoice
E. receipt

11. A brief and short official notes initiated and received by workers of same organisation defines
A. communication
B. correspondence
C. mails
D. memorandum
E. information

12. The destination on a memorandum is also known as
A. date               B. from
C. reference       D. subject
E. to

13. Invoice differs from receipt because of a/an
A. address         B. amount
C. date              D. quantity
E. signature

14. An official document that shows the amount owed to the third party for goods and services consumed is
A. bill
B. debit note
C. delivery note
D. invoice
E. receipt

15. The rules that workers of an organisation must follow in performing their duties is office
A. automation        B. layout
C. procedure          D. report
E. structure

16. A specific reply to a letter of enquiry from Mrs Rita about the products is
A. debit note
B. delivery note
C. invoice
D. quotation
E. receipt

17. The register that contains mails sent out by an organisation is ______ book
A. cash              B. dispatch
C. inward          D. outward
E. postage

18. The ______ department is responsible for staff promotion and motivation
A. accounts         B. personnel
C. planning         D. production
E. research

19. Which of the following is a document handled by a receptionist?
A. Complimentary card
B. Credit note
C. Debit note
D. Nominal roll
E. Bin card

20. Conference chairs are usually used by the ______ for their conformability
A. board of directors
B. board of lectors
C. clerical staff
D. receptionists
E. secretaries

21. The first place to welcome visitors to an organisation is
A. conference hall
B. general office
C. reception office
D. staff room
E. registrar’s office

22. An incoming mail in an organisation is called
A. correspondence
B. invoice
C. journal
D. memorandum
E. report

23. The ______ department is saddled with the responsibility of buying the right quality and quantity of all raw materials needed by an organisation
A. finance              B. marketing
C. personnel          D. production
E. purchasing

24. The best office furniture suitable for Mr Obinna who is suffering from back pain is ______ chair
A. conference         B. ergonomic
C. executive            D. meeting
E. task

25. Believing in the organisational aims and objectives by the members of staff explains ______ to duty
A. commitment        B. consistence
C. devotion               D. interest
E. promptness

26. The job quality of Mr Clement can be seen in his
A. cooperation          B. expertise
C. healthiness            D. neatness
E. politeness

27. As a clerical staff, which of the following functions do you consider inimical to the growth of your organisation?
A. Disseminating official information to staff
B. Filing documents
C. Handling correspondence
D. Recording of information
E. Revealing unauthorised information to the press

28. Office is best defined as a place where
A. clerical and administrative activities are carried out
B. construction of roads are carried out
C. justice are administered
D. prison inmates are kept
E. valuable items are stored

29. The ______ department is responsible for running of day-to-day activities of the organisation
A. accounts        B. administrative
C. planning        D. production
E. sales

30. In a competitive business environment, vital information should be ______ in order to gain market shares
A. broadcast         B. confidential
C. divulged           D. exposed
E. revealed

KEYBOARDING

31. The following are items used to care for a computer except
A. brush
B. computer cover
C. duster
D. engine oil
E. methylated spirit

32. A text can be underlined with the use of command Ctrl +
A. C          B. J           C. O
D. P          E. U

33. On a keyboard, there are ______ alphabetic keys
A. 09          B. 10         C. 20
D. 24          E. 26

34. The system of typing where all lines of the document start at the left margin is
A. block paragraph
B. hanging paragraph
C. horizontal display
D. indented paragraph
E. vertical display

35. The command key to print a text is Ctrl +
A. B         B. J        C. K
D. P         E. U

36. An indented paragraph usually have ______ spaces from the left margin
A. 4          B. 5          C. 6
D. 7          E. 8

37. Which of the following characters is not part of left home row keys?
A. A          B. D          C. F
D. L           E. S

38. The manuscript symbol # means to
A. close up space
B. insert space
C. insert full stop
D. type in lower case
E. type in upper case

39. The knowledge of keyboarding equips students with the skill of typing ______ documents
A. clumsy            B. illegal
C. illegible           D. mailable
E. mutilated

40. On which of the following menu bars will a typist create a table?
A. Format            B. Insert
C. Mailing           D. Preview
E. Window

41. In keyboarding, alignment of margin is achieved by the command Ctrl +
A. I             B. J            C. K
D. L            E. M

42. After the manipulation of keys on a keyboard, the fingers of typist return to the ______ key(s).
A. arrow               B. function
C. home               D. shift
E. tabular

43. A typist is expected to strike letter ‘S’ with the left ______ finger
A. baby              B. index
C. middle           D. ring
E. thumb

44. The proof readers’ symbol instructs the typist to
A. close up space
B. delete text
C. insert new paragraph
D. insert space
E. let it stand

45. An initial caps is obtainable on keyboard by depressing the ______ key
A. cap lock          B. control
C. enter               D. shift
E. space bar

46. The difference between computer and typewriter keyboard is the presence of ______ on computer
A. delete key
B. home keys
C. number keys
D. shift key
E. space bar

47. Computer life span is shortened by
A. installing anti-virus
B. keeping it in a non ventilated room
C. regular dusting
D. regular maintenance
E. using it in an air conditioned room

48. Which of the following keys is used to insert space between words?
A. Caps lock          B. Enter
C. Function           D. Shift lock
E. Space bar

49. The key that allows a typist to continuously type in upper case is the
A. cap lock          B. delete key
C. escape key      D. shift key
E. space bar

50. A computer keyboard is made up of how many rows?
A. 3          B. 4          C. 5
D. 6          E. 7

51. The arrangement of words into rows and columns is known as ______ in word processing
A. chart            B. graph
C. italics           D. pagination
E. tabulation

52. A group of options dictating the way a document is formatted for printing is
A. alignment
B. page setup
C. paragraphing
D. referencing
E. subject heading

53. The correction symbol [ on the manuscript means
A. allow space
B. close space
C. let it stand
D. new paragraph
E. run on

54. The right home keys are
A. a, d, j and c
B. a, s, d, and f
C. ;, l, k and j
D. p, o, i and u
E. q, w, e and r

55. The command, Ctrl + S means to ______ a text
A. bold            B. highlight
C. print            D. save
E. underline

56. Which of the following key(s) is/are used to control the cursor on a computer?
A. Alphabetic         B. Arrow
C. Numeric             D. Special
E. Window

57. The manuscript sign Caps instructs the typist to
A. italicise
B. run on
C. transpose
D. type in lower case
E. type in upper case

58. The number keys ranges from 0 to
A. 6           B. 8          C. 9
D. 10         E. 12

59. Which of the fingers strikes the space bar?
A. Baby                B. Index
C. Middle             D. Ring
E. Thumb

60. ‘Run on’ is represented by which of the manuscript signs?
A. (squiggly arrow line symbol)
B. #
C. (joining arc symbol)
D. N.P
E. (strikethrough loop symbol)

Answers to JSS 3 NECO BECE 2027 Questions and Answers Business Studies

Answers to BECE Business Studies PAPER 1 (Commerce and Bookkeeping)

The following table gives the correct answers to the objective questions in Paper 1 of JSS3 NECO BECE 2027 for Business Studies (Commerce and Bookkeeping). If you are using a mobile device, hold the table and scroll to the right or left for a complete view. Remember to use the comments section if you need further clarification of any question.

Answers to BECE Business Studies PAPER 2 (Office Practice and Keyboarding)

The following table gives the correct answers to the objective questions in Paper 2 of JSS3 NECO BECE 2027 for Business Studies (Office Practice and Keyboarding). If you are using a mobile device, hold the table and scroll to the right or left for a complete view. Remember to use the comments section if you need further clarification of any question.

Best wishes.