← Back to papers

CSEE

Commerce · Paper 1 · 2004

15 questions 🇹🇿 NECTA ✓ Official NECTA answers

CSEE 🇹🇿 NECTA ✓ Official NECTA answers

Commerce · Paper 1 · 2004

15 questions

📖 View PDF ⬇

🎯 Quiz from this

💰 Sit full exam 200 TZS

3-hour timed simulation · auto-graded · counts toward ranking

Pay & start exam →

Questions (15)

Section A

1. 2 marks

For each of the items (i) - (x), choose the correct answer from among the given alternatives and write its letter beside the item number. (vi) Which of the following items does not appear in the memorandum of an association?

A. power of directors

B. type and amount of share capital

C. name of the company

D. situation of the registered office

E. objects of the company

Section B

3. 10 marks

Write short notes on the following:

(a) indirect production 0 mk

(a) indirect production 2 mk

(i) The art of selling to the final consumers 1 mk

(ii) Is a document that shows the amount of goods which are in a warehouse for a particular importer 1 mk

(b) public enterprises 2 mk

(b) public enterprises 0 mk

(iii) Any stock in business being sold and replaced by another 1 mk

(d) dumping 2 mk

(d) dumping 0 mk

(iv) Refers to one of the canons of taxation 1 mk

(e) certainty 2 mk

(e) certainty 0 mk

(v) Is a motivation of stimulus for working efficiently 1 mk

(vi) Quantity of imported goods that may be deposited in a bank for safe keeping after banking hours 1 mk

(vii) A method by which money can be deposited in a bank for safe keeping after banking hours 1 mk

((viii) Refers to human effort, physical or mental, employed to produce goods or services 1 mk

(ix) Supplier reserves the right of any error or omission that may have been in the invoice 1 mk

(x) Refers to an instruction by a customer to his bank to make periodic payment to a named person at specific dates 1 mk

Upgrade to see model answers.

4. 6 marks

Differentiate between:

(a) bill of lading and bill of exchange 0 mk

(a) bill of lading and bill of exchange 3 mk

(b) hire purchase and deferred payment 3 mk

(b) hire purchase and deferred payment 0 mk

Upgrade to see model answers.

5. 10 marks

Use the following demand and supply schedule to answer the questions below: | PRICE PER kg (Shs) | QUANTITY DEMANDED (kg) | QUANTITY SUPPLIED (kg) | |-------------------|------------------------|------------------------| | P1 5 | 90,000 | 30,000 | | P2 10 | 70,000 | 40,000 | | P3 15 | 50,000 | 50,000 | | P4 20 | 30,000 | 60,000 |

(a) Define elasticity. 0 mk

(a) Define elasticity. 2 mk

(b) Use the following demand and supply schedule to answer the questions below: PRICE PER kg (Shs) QUANTITY DEMANDED (kg) QUANTITY SUPPLIED (kg) P1 5 90,000 30,000 P2 10 70,000 40,000 P3 15 50,000 50,000 P4 20 30,000 60,000 0 mk

(b(i)) Draw the demand and supply curves in the same pair of axes. 0 mk

(b(ii)) Indicate the equilibrium price and quantity. 0 mk

(b(iii) Calculate the elasticity of supply of the commodity from P2 to P3. 0 mk

((b)(i) Comment on the results you obtain in 5 (b) (iii) above. 1 mk

((b) () Comment on the results you obtain in 5 (b) (iii) above. 2 mk

(b(iv)) Comment on the results you obtain in 5 (b) (iii) above. 0 mk

Upgrade to see model answers.

6. 10 marks

Complete the following table by writing your answer beside the item number in your answer booklet.

COST PRICE	SELLING PRICE	GROSS PROFIT	MAKE UP %	AMOUNT %
(a)
500	600	(i)	(ii)
420	(iv)	(v)	30
(vii)	800	(viii)	(ix)
(x)	1000	200		20

(a) Fill in the missing values for the first row. 2 mk

(a) AMOUNT % 0 mk

(b) Fill in the missing values for the second row. 2 mk

(b) 500 600 0 mk

(b(i)) Gross Profit 0 mk

(b(ii)) Markup % 0 mk

(d) Fill in the missing values for the fourth row. 2 mk

(e) Fill in the missing values for the fifth row. 2 mk

(c(iv)) Selling Price 0 mk

(c(v)) Markup % 0 mk

(d) (vii) 0 mk

(d(vii) Selling Price 0 mk

(d(ix)) Gross Profit 0 mk

(e(x)) Cost Amount 0 mk

(e) 1000 200 20 0 mk

Upgrade to see model answers.

Section C

7. 1 mark

Teachers, doctors and lawyers are said to be involved in production. Their contributions may be grouped under:

A. commercial occupations

B. direct services

C. industrial occupations

D. distributive occupations

E. manufacturer occupations

8. 1 mark

A cheque bearing a special crossing:

A. can be endorsed to anyone

B. can be deposited in any account as long as it is with the named bank and branch

C. must be deposited in the payee's account with the named bank and branch

D. can be endorsed to another bank

E. must be withdrawn from the drawer's account

10. 1 mark

In a regressive taxation system, low income earners pay:

A. less taxes as their income increases

B. less taxes as their income remain constant

C. more taxes as their income decreases

D. more taxes as their income increases

E. less taxes as their income decreases

💡 Unlock all answers & explanations

Premium · 3000 TZS/mo