This is for BECE Candidates looking for Junior WAEC 2026 Questions and Answers Business Studies. The Business Studies paper is compulsory for all candidates regardless of their school. So, here you will get genuine Junior WAEC 2026 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 forthcoming paper. Remember to use the comments sections if you have questions, and don’t forget to join our Free Online BECE Tutorials on YouTube (Subscribe to the Channel)
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What are Junior WAEC 2026 Questions and Answers Business Studies?
Junior WAEC 2026 Questions and Answers Business Studies are the questions you should expect in your Business Studies paper in 2026 BECE, together with their answers.
It is very important that every candidate preparing to sit for Business Studies in the forthcoming 2026 BECE examination 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.
Junior WAEC 2026 Business Studies Questions and Answers Revealed!
On this page, we shall reveal Junior WAEC 2026 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 burning 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 2026 Junior WAEC 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.
BECE is a very serious and important examination. You will answer 60 questions in BECE Business Studies 2026 within 2 hours. So it’s important that you pay attention to the information revealed on this page.
Junior WAEC 2026 Questions and Answers Business Studies [Numbers 1 – 10]
1. Which of the following is an example of fixed assets?
A. Building B. Debtors
C. Personnel D. Customers
2. In Accounting c/d means
A. Carried down
B. Come down
C. Carriage down
D. Cover down
3. The study of the component parts of business environment which help people and students to acquire skills and knowledge of business activities is called ________
A. Book keeping
B. Organisation
C. Business studies
D. Office keeping
4. Which of the following is a component of business studies?
A. Office practice
B. History
C. Mathematics
D. Marketing
5. The transformation of raw material into finished goods is called ________
A. Production B. Transformation
C. Economics D. Marketing
6. Which of the following is an aids to trade?
A. House construction
B. Insurance
C. Town planning
D. Entrepot
7. How many components make up business studies?
A. One B. Five
C. Eight D. Ten
8. The buying and selling between somebody in Enugu and Dubai is called ________ trade.
A. International
B. Wholesale
C. Retail
D. Home
9. Production is incomplete until goods reach the ________
A. Wholesaler
B. Distribution agent
C. Retailer
D. Final consumer
10. Which of the following is NOT a factor of production?
A. Land B. Labour
C. Trade D. entrepreneur
Answers to Question Number 1 – 10
1. A 2. A 3. C 4. A 5. A
6. B 7. B 8. A 9. D 10. C
Junior WAEC 2026 Questions and Answers Business Studies [Numbers 11 – 20]
11. The reward of an entrepreneur is called ________
A. Wage
B. Profit or loss
C. Interest
D. rent
12. A trade who sell goods in the street especially while moving from place to place is called ________
A. mail order
B. hawker
C. stall holder
D. super marketer
13. The source from which the book-keeper gets information for recording purpose is known as ________
A. Journal entries
B. Source document
C. Ledger
D. book-keeping
14. The document given to the buyer which states the quantities of goods sold, unit price and terms of payment is called ________
A. Receipt
B. Invoice
C. Statement of Account
D. Debit note
15. Which of the following may be regarded as a centre of information in an organization?
A. Personnel
B. Messengers office
C. Accounts officer
D. Reception
16. Which one of the following is a quality expected of a receptionist?
A. Courtesy
B. Rudeness
C. Over-dressing
D. Stubbornness
17. Which of the following is NOT a source documents?
A. Cash receipt
B. Invoice
C. Cheque
D. Bills
18. The document which shows evidence that cash has been received from the holder is called ________
A. Bills
B. Cash receipt
C. Debit note
D. Invoice
19. A document given to the buyer by the seller when the buyer has been undercharged is called ________
A. Credit note
B. receipt
C. Invoice
D. Debit note
20. An office could be defined as a place where ________
A. Manager stays
B. Clerical duties are carried out
C. Sporting duties are carried out
D. The day’s events are performed
Answers to Question Number 11 – 20
11. B 12. B 13. B 14. B 15. D
16. A 17. D 18. B 19. D 20. B
Junior WAEC 2026 Questions and Answers Business Studies [Numbers 21 – 30]
21. Which of the following is NOT an office equipment?
A. Perforator B. Stapler
C. Scissor D. Computer
22. The buying and selling of goods & services is called ________
A. Market B. Commerce
C. Purchase D. Trade
23. The document used for recording movement of goods either coming in or going out is called ________
A. Stock card
B. Store keeper
C. Safety room record
D. Library
24. The centre point in an organization from which information reach other departments is known as ________ office
A. Reception B. Manager’s
C. Insurance D. Marketing
25. The documents which enable the receptionist to carry out his duties effectively are ________
A. Visitors slip, telephone message pad and visitor’s book
B. Visitors book, sales document and telephone message pad
C. Telephone message pad, sales document and visitors’ slip
D. Sales document, telephone directory and visitors’ slip
26. The physical counting of the stock and noting their quantity for closing of the financial year of organization is known as ________
A. Gate way counting
B. Stocking taking
C. Store revolution
D. Stock keeping
27. Which one of these is a branch of business studies?
A. Social studies
B. English studies
C. Commerce
D. Economics
28. The activities that facilitate the distribution of goods and service is known as ________
A. Aids to trade
B. Means of transportation
C. Trading partners
D. Advertising
29. The selling of goods or service produced in one country to another is called ________ trade.
A. Import B. Home
C. Wholesale D. Export
30. Which of the following document(s) will Mrs. Ekeh fill when she wants to collect materials from the office store?
A. Store record card
B. Gate pass
C. Delivery note
D. Requisition form
Answers to Question Number 21 – 30
21. D 22. D 23. A 24. A 25. A
26. B 27. C 28. A 29. D 30. D
Junior WAEC 2026 Questions and Answers Business Studies [Numbers 31 – 40]
31. A written order to the bank to pay on demand a stated sum of money is called ________
A. Cash order
B. Bank transfer
C. Cheque
D. Bank Draft
32. The two main methods of communication are ________ and ________
A. GSM, Landline
B. Oral, written
C. Internet, e-mail
D. post office, telephone
33. Which of the following cannot make a cheque to be dishonoured?
A. Wrong signature
B. Incorrect amount
C. Mutilation of the cheque
D. Presentation of the cheque on time
34. A place in an organization where goods and raw materials are kept for future use is called ________
A. Office B. room
C. Store D. kitchen
35. Three parties to a cheque are ________
A. Drawee, owner, drawer
B. Payee, drawer, owner
C. Drawer, drawee, payee
D. Owner, payee, drawer
36. The process by which products and services are moved from their manufacturing source to the consumer is called ________
A. Communication B. marketing
C. Distribution D. Selling
37. Which of the following breaks bulk for the retailer?
A. Producer B. Wholesaler
C. Consumer D. Importers
38. The use of raw materials, semi-manufactured goods and finished goods for building of houses, bridges, roads etc is done by ________ industry.
A. manufacturing B. commercial
C. construction D. extractive
39. The wholesaler buys goods in large quantity and sell in small quantities to the ________
A. Agent B. retailers
C. Producer D. exporter
40. Which of these is the middle man in the chain of distribution?
A. Producer B. consumer
C. Wholesaler D. marketer
Answers to Question Number 31 – 40
31. C 32. B 33. D 34. C 35. C
36. C 37. B 38. C 39. B 40. C
Junior WAEC 2026 Questions and Answers Business Studies [Numbers 41 – 50]
41. The individual that ensures that the goods needed by consumers are available in sufficient quantities is called ________
A. Producer B. Retailer
C. Agent D. Wholesaler
42. The person who buys goods for his or her own use is called ________
A. an agent B. a wholesaler
C. a consumer D. a retailer
43. A cheque cashed over the counter is called ________ cheque.
A. Open B. Crossed
C. Sealed D. Dishonored
44. The process of bringing out coal from the ground is called ________
A. Extraction
B. Production
C. Manufacturing
D. construction
45. In shorthand consonants are represented by ________ and ________
A. Angular and circular lines
B. Dots and dashes
C. Strokes and curves
D. Vowels and diphthongs
46. The book concerned with the receipt and payment of money both by cash and cheque is called ________
A. Cash book
B. Sales day book
C. Purchases day book
D. General Journal
47. The type of advertising that gives information about a product is ________ advertising.
A. Information B. Competitive
C. Persuasive D. reminder
48. Which of the following is NOT a means of making payments?
A. Cash B. Credit
C. Cheque D. bank transfer
49. Which one of the following creates awareness and goods image for a product and its manufacturer?
A. Insurance
B. Communication
C. Advertising
D. Banking
50. Payment made to unskilled labour by a business organization for jobs done or services rendered is called ________
A. Salary
B. Wages
C. Pay roll
D. Pay receipt
Answers to Question Number 41 – 50
41. D 42. C 43. A 44. A 45. C
46. A 47. A 48. B 49. C 50. B
Junior WAEC 2026 Questions and Answers Business Studies [Numbers 51 – 60]
51. Which of the following is a rectangular board placed along major roads to display product advertisements?
A. Magazines B. Newspaper
C. Journals D. Billboards
52. Goods kept in a warehouse are also called stock or ________
A. Inventory
B. Store
C. Inscription
D. Inventions
53. The internal document used by department to request for production material is called ________
A. Delivery note
B. store record card
C. Requisition form
D. gate pass
54. The agency that supervises the activities of the manufacturer to avoid poor quality products is called ________
A. Informed consent commission
B. Consumer protection agency
C. Food and drug agency
D. Human protection agency
55. Which of the following is NOT an agency for consumer protection?
A. Consumer Protection Council
B. National Agency for Food & Drug Administration & Control
C. Standard Organization of Nigeria
D. National Oil Regulatory Council
56. Which of the following is the best means of advertising to rural communities in Nigeria?
A. Internet B. Travelling
C. Radio D. Bill Board
57. Which of these is NOT a written means of communication?
A. Circular B. Intercom
C. Letter D. Memo
58. The efforts made by government to prevent the consumers from being cheated by the producer or manufacturer or sellers of goods and services is called consumer ________
A. Detection B. awareness
C. Protection D. exploitation
59. Which one of the government agencies listed below is empowered to eliminate fake drugs in Nigeria?
A. NACCA B. EFCC
C. ICPC D. NAFDAC
60. Who is at the last stage of production chain?
A. Retailer B. Producer
C. Consumer D. Manufacturer
Answers to Question Number 51 – 60
51. D 52. A 53. C 54. C 55. D
56. C 57. B 58. C 59. D 60. C
SECTION B – ESSAY
QUESTION 1
a. Define production
b. Briefly explain four (4) factors of production
QUESTION 2
a. What is advertising?
b. List four (4) types of advertising
c. Mention two (2) functions of advertising in business
QUESTION 3
a. What are source documents?
b. List any four (4) source documents.
QUESTION 4
a. List out four (4) parts of a business letter
b. Define memorandum
c. In typing, the abbreviation U.C and L.C means ________
Answers to Section B (Essay) Questions of Junior WAEC 2026 Business Studies
QUESTION 1
a. Define production
Production is the process of making goods and services by combining different resources to satisfy human wants.
b. Briefly explain four (4) factors of production
- Land: This includes all natural resources such as land, water, forests, and minerals used in producing goods.
- Labour: This refers to the human effort, both physical and mental, used in the production of goods and services.
- Capital: These are man-made assets like machines, tools, buildings, and money used to aid production.
- Entrepreneur: This is the person who organizes other factors of production and takes the risk of the business.
QUESTION 2
a. What is advertising?
Advertising is the process of informing and persuading people to buy goods and services through various media.
b. List four (4) types of advertising
- Informative advertising
- Persuasive advertising
- Competitive advertising
- Reminder advertising
c. Mention two (2) functions of advertising in business
- It creates awareness about goods and services.
- It helps to increase sales and profit.
QUESTION 3
a. What are source documents?
Source documents are original business records that provide evidence of business transactions.
b. List any four (4) source documents
- Invoice
- Receipt
- Cheque
- Delivery note
QUESTION 4
a. List out four (4) parts of a business letter
- Heading
- Date
- Salutation
- Body of the letter
b. Define memorandum
A memorandum is a short written message used for internal communication within an organization.
c. In typing, the abbreviation U.C and L.C means ________
U.C means Upper Case, while L.C means Lower Case.
End.
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