CSEE
Commerce · Paper 1 · 2009
19 questions 🇹🇿 NECTA ✓ Official NECTA answers
CSEE
🇹🇿 NECTA
✓ Official NECTA answers
Commerce · Paper 1 · 2009
19 questions
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Questions (19)
Section A
1.
1 mark
Bank rate is the rate of interest charged by:
A.
a commercial bank for short-term loans
B.
a central bank on first-class bills discounted by it
C.
a lender to a borrower
D.
non-banking financial institutions to borrowers
E.
saving banks to borrowers
Section B
2.
10 marks
Match the items in List A with the responses in List B by writing the letter of the correct response beside the item number. LIST A (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) (ix) (x) LIST B
| LIST A | LIST B |
|---|---|
| Memorandum of association | (i) Sells products from different manufacturers |
| (ii) A grant of property for a term of months/years | |
| (iii) Is where short term loans can be obtained | |
| (iv) Occurs if a country trades with only one country | |
| (v) Do not carry any interest | |
| (vi) A valuable document accepted by the bank as a protection against loan granted. | |
| (vii) Provides capital and receives profit but takes no part in management | |
| (viii) Where liquid assets of a firm are insufficient to meet claims of creditors | |
| (ix) A document that defines the relationship between the company and the outsiders | |
| (x) A payment is made at the point of sale |
(i)
Sells products from different manufacturers
1 mk
(ii)
A grant of property for a term of months/years
1 mk
(iii)
Is where short term loans can be obtained
1 mk
(iv)
Occurs if a country trades with only one country
1 mk
(v)
Do not carry any interest
1 mk
(vi)
A valuable document accepted by the bank as a protection against loan granted.
1 mk
(vii)
Provides capital and receives profit but takes no part in management
1 mk
((viii)
Where liquid assets of a firm are insufficient to meet claims of creditors
1 mk
(ix)
A document that defines the relationship between the company and the outsiders
1 mk
(x)
A payment is made at the point of sale
1 mk
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3.
10 marks
Write short notes on the following:
(a)
Geographical/national specialization.
3 mk
(a)
Geographical/national specialization.
2 mk
(b)
Balance of trade.
2 mk
(b)
Balance of trade.
3 mk
(c)
Bills of exchange.
3 mk
(c)
Bills of exchange.
2 mk
(d)
Canons of taxation.
4 mk
(d)
Canons of taxation.
3 mk
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4.
10 marks
Given the following: Sales 6,000/=; opening stock 1,500/=; purchases 2,600/=; carriage inwards 55/=; returns inwards 400/=; closing stock 1,000/=; purchases 400/=. Calculate:
(a)
Mark up
4 mk
(a)
Mark up
3 mk
(b)
Margin
3 mk
(b)
Margin
4 mk
(c)
Rate of stock turnover.
4 mk
(c)
Rate of stock turnover.
4 mk
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5.
10 marks
(a)
Mention three (3) differences between a public company and a private company.
6 mk
(a)
Mention three (3) differences between a public company and a private company.
5 mk
(b)
Explain two (2) factors that influence the size of a business unit.
5 mk
(b)
Explain two (2) factors that influence the size of a business unit.
4 mk
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6.
10 marks
(i)
Sells products from different manufacturers
1 mk
(a)
Mention and define four (4) elements of transport.
8 mk
(a)
Mention and define four (4) elements of transport.
6 mk
(b)
Explain the importance of transport to business.
4 mk
(b)
Explain the importance of transport to business.
2 mk
(ii)
A grant of property for a term of months/years
1 mk
(iii)
Is where short term loans can be obtained
1 mk
(iv)
Occurs if a country trades with only one country
1 mk
(v)
Do not carry any interest
1 mk
(vi)
A valuable document accepted by the bank as a protection against loan granted.
1 mk
(vii)
Provides capital and receives profit but takes no part in management
1 mk
((viii)
Where liquid assets of a firm are insufficient to meet claims of creditors
1 mk
(ix)
A document that defines the relationship between the company and the outsiders
1 mk
(x)
A payment is made at the point of sale
1 mk
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Section C
7.
10 marks
(a)
Explain five benefits that a businessman would get by using face-to-face communication.
5 mk
(a)
Explain five benefits that a businessman would get by using face-to-face communication.
5 mk
(b)
Explain five barriers to effective communication in business.
5 mk
(b)
Explain five barriers to effective communication in business.
5 mk
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8.
10 marks
Explain why trading with overseas countries is more difficult than trading within a country.
(none)
Explain why trading with overseas countries is more difficult than trading within a country.
10 mk
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9.
10 marks
Discuss the effects on the demand for bicycle due to:
(a)
Explain five (5) factors that determine elasticity of supply.
5 mk
(a)
Explain five (5) factors that determine elasticity of supply.
5 mk
(b (i))
an increase in incomes
1 mk
((b)(i)
an improvement in the technology of bicycle production
4 mk
(b (ii)
an improvement in the technology of bicycle production
1 mk
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10.
10 marks
Account for the presence of many small-scale retailers than large-scale retailers in Tanzania.
(none)
Account for the presence of many small-scale retailers than large-scale retailers in Tanzania.
10 mk
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