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OCR · GCSE · Business Studies

Finance
Practice Questions

85 OCR 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

What is meant by cost of sales?

  1. The direct cost of the goods a business actually sold
  2. Every cost the business paid in the year
  3. The cost of advertising the product
  4. The wages of administrative staff
Show answer & explanation
✓ Answer: A — The direct cost of the goods a business actually sold
Award 1 mark. Rent, salaries and marketing sit below it as other expenses.
Question 2 · 1 mark · Difficulty 1/3

What is gross profit?

  1. The profit remaining after every cost is deducted
  2. Revenue minus cost of sales
  3. The cash held at the end of the year
  4. Total sales for the period
Show answer & explanation
✓ Answer: B — Revenue minus cost of sales
Award 1 mark. It is what remains to cover overheads before anything else is taken off.
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20 questions · 25 min · free

OCR GCSE Business Studies: Finance FAQ

Is Kramizo free for OCR 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 OCR 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 OCR GCSE Business Studies syllabus?
Every question is written against the published OCR 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 OCR 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 OCR.
How is Finance typically tested on OCR GCSE Business Studies papers?
Finance appears across multiple question types on real OCR 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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