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AQA · GCSE · Business Studies

Finance
Practice Questions

75 AQA GCSE Business Studies questions on Finance, each with instant feedback and a full examiner-style mark scheme.

⚡ Start Quiz on Finance →📖 Read Revision Notes
✨ Revision guide includes key terms, worked examples and exam technique for Finance.

Try 2 sample questions on Finance

Question 1 · 1 mark · Difficulty 1/3

Total revenue is calculated as:

  1. Selling price × quantity sold
  2. Fixed costs + variable costs
  3. Revenue − costs
  4. Assets − liabilities
Show answer & explanation
✓ Answer: A — Selling price × quantity sold
Award 1 mark. Revenue, sometimes called turnover, is the money coming in from sales before any cost is deducted, and it is the top line of an income statement. Profit is a later step that subtracts total costs, while assets minus liabilities measures what the business is worth rather than what it sold.
Question 2 · 1 mark · Difficulty 1/3

If a business has revenue of £50,000 and total costs of £35,000, its profit is:

  1. £35,000
  2. £50,000
  3. £15,000
  4. £85,000
Show answer & explanation
✓ Answer: C — £15,000
Award 1 mark. Profit is revenue minus total costs: £50,000 − £35,000 = £15,000. Total costs already include both the fixed and the variable costs, so there is nothing further to deduct, and £85,000 would come from adding the two figures together rather than subtracting one from the other.
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20 questions · 25 min · free

AQA GCSE Business Studies: Finance FAQ

Is Kramizo free for AQA GCSE students preparing for Business Studies?
Yes — completely free. Every student gets 45 questions a day on the free plan, with no card required and no trial countdown. That free quota works across every subject and every topic in our bank, so you can mix Finance practice with other Business Studies topics or even switch to a totally different AQA subject without paying anything. Kramizo's optional Pro plan removes the daily cap and adds detailed progress analytics, but the free tier is the real product — used by thousands of GCSE, IGCSE and CSEC students.
Are the Finance questions aligned to the official AQA GCSE Business Studies syllabus?
Every question is written against the published AQA GCSE Business Studies specification, including the exact command words (state, describe, explain, calculate, evaluate, etc.), mark allocations, and difficulty tier you'd see on a real AQA paper. Explanations are written in the style of official examiner mark schemes — they tell you what is being awarded marks and why distractors are wrong, not just whether you got it right. The bank is continually refined to match the latest syllabus updates from AQA.
How is Finance typically tested on AQA GCSE Business Studies papers?
Finance appears across multiple question types on real AQA GCSE Business Studies papers — most commonly as multiple-choice questions in the objective section, structured short-answer questions in the main paper, and occasionally as part of an extended response. Kramizo's practice bank reflects that mix: 4-option MCQs, true/false statements, fill-in-the-blank key terms, multi-select questions, and ordering questions. Working through the bank gives you exposure to every question style examiners actually use.

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