ECONOMICS JS.2 2026 EXAMINATION

Welcome to your ECONOMICS JS.2 2026 EXAMINATION

1. A place where buyers and sellers meet in order to trade is called ----

2. All these are type of market except ----

3. A market meant for the buying and selling of primary materials is called ----market

4. A front office of an organization where all visitors to the organization are recurred is called ----

5. Mails coming in and out of an organization are called ---

6. A place specifically prepared to keep goods before they are distributed to various business organisation or individual to retail them

7. Small rooms, kiosks or stands which are locked up and usually open fronted are called ----

8. POS is an example of a development in ---

9. A branch of commerce i know is ----

10. All these are among the telephone etiquettes i know except

11. A quality possessed by a receptionist which suggests that business secrets must not be revealed is called ----

12. In Nigeria, the capital market is known as the ----

13. A significant way by which an organization correspond with its clients and the world at large is called ----

14. The reception is a room located at the ---- of a organization where visitors are received

15. Mails are opened using a

16. All these are method of buying except

17. A method of buying when specimen of that goods usually a small part is presented is called ----

18. All activities that concern buying and selling is called

19. ---- and ---- are example of purchasing documents

20. Document used in keeping record of sales transactions is called-----

SUBJECTIVES

1. A note written out by a seller whenever the buyer has been undercharged is called ----

2. One telephone etiquette I know is ----

3. A market where primary raw materials are sold is called----

4. A financial market where short term loans can be obtained Is called -----

5. A financial market where long term loans are obtained and stock bought and sold is called -----

6. Nigeria exports............to other countries who refines and sells back to us.--

7. One import good I know is ...,....

8. An aid to trade which involves the movement of people goods and services to where they are needed is called.......

9.Two examples of financial instruments I know are............ and..........

10. An aid to trade charged with the responsibility of creating awareness about goods and services in order to increase sales is called.........

THEORY

Answer omly two questions from 1,2 or 3 questions

1. What is market

1b. Outline the types of market you know

C. Define entrepot trade.

2a. Who is a wholesaler?

2b. Differentiate between a large retailer and small retailer.

C. Give two reasons why banking is important in trading

3a. Who is a speculator

B. Mention two roles of custom and Excise department in foreign trade.

C.Who is a shareholder.

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