ECONOMICS j.ss1 2026 EXAMINATION

Welcome to your ECONOMICS j.ss1 2026 EXAMINATION

1. 1. Activities which involves the buying and selling of goods and services which meet the needs of the society is called ---

2. One division of commerce i know is---

3. Buying and selling of goods and service within a particular country is called ----

4. A common unit of money used in nigeria is ----

5. A common unit of money that is accepted in a country is regarded as its ---

6. Three channel which facilitate home trade are the

7. A ---- buys in large quantities and sells to the retailers

8. A trader who buys goods from the wholesalers in small quantities to resell to consumers is called ---

9. The ---retailers buy variety of goods in small quantities and sells to the consumers

10. Goods produced in one country for sales in another country needed to satisfy the needs of their citizens is called ---

11. The reselling of imported goods by one country to another without transferring the goods in any way is called ----

12. Anything that is generally accepted as a medium of exchange is called -----

13. Money originated from --- system

14. A type of money that is based on the value given by the government as an order is called ----

15. For money to serve as a unit of account means that money is used to represent ----

16. All these are activities that aid commerce except ---

17. The department responsible for transforming raw materials into finished goods is called -----

18. All monetary matters are referred to the ----

19. The study of the component part of a business environment is called ----

20. The way you feel or act towards a person is called ----

SUBJECTIVES

1. Any activity which a person is engaged into earn a living is called ----

2. Arriving at a place of work early or at an agreed expected time is called ---

3. Activity that connects producers, sellers and consumers is called ----

4. One who makes goods from raw materials provided by nature is a ----

5. The final link between the manufacturer and the consumer is -----

6. One function of an office i know is ----

7. The final link in the distribution chain is the ----

8. One advantage of home trade is ---

9. Home trade is made up of --- and ---- trade

10. --- aids trade by informing customers about goods and services that are avaliable

THEORY

1. Answer any two questions

1a. Define home trade

b. Outline the three channels which facilitates home trade

2. Define Money

b. Mention the any five type of money you know

c. State any two functions of money

3a. Define department

b. Outline any five department of your choice

c. Write what you know about the administrative department

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