Development Economics and Entrepreneurship Education Oct/Nov 2012 Knec Past Paper

DIPLOMA IN SOCIAL WORK AND COMMUNITY DEVELOPMENT
MODULE 1(KNEC)
DEVELOPMENT ECONOMICS AND ENTREPRENEURSHIP EDUCATION (OCT/NOV 2012)
SECTION A: DEVELOPMENT ECONOMICS
Explain three motive of holding money (6 marks)
i. Explain the meaning of term “international trade” (2 marks)
il. Explain six reasons negatively impacting on most developing countries not to realize the
full benefits from international trade (12 marks)
Explain the term “fiscal policy”. (2 marks)
Evaluate five objectives of fiscal policies in developing countries (10 marks)
Describe four functions of money markets in Kenya (8 marks)
Discuss five problems encountered by trade unions in underdeveloped countries (10 marks)
Globalization has various positive aspects which affect the world in several different ways. Analyse five positive effects of globalization in developing economies (10 marks)
Explain the meaning of the following terms:
i. Liberalization (2 marks)
il. Taxation (2marks)
iii. Balance of payment (BOP) (2marks)
iv. Manpower planning (2 marks)
Discuss six principle functions of taxation in developing countries (12 marks)
SECTION B: ENTREPRENEURSHIP EDUCATION
Mr. Yellow intends to invest in Kenya in order to increase his productivity and profitability.
Highlight five external motivational factors he should consider before his investments (LO marks)
Explain five enterprise social responsibilities tothe government (10 marks)
i. Explain the term consumerism (2 marks)
il. Discuss four ideals of consumerism as an emerging issue in entrepreneurship (8 marks)
Highlight five reasons why entrepreneurs need to generate business ideas (10 marks)
Technology is rapidly changing in the business world and has greatly impacted on the performance of business organizations. Analyse five positive effects of information
communication technology to small enterprises (10 marks)
State five major entrepreneur’s responsibilities in managing human resources (10 marks)
Explain five techniques entrepreneurs should adopt to ensure effective time management (10 marks)
Discuss the factors to consider when determining the most suitable source of raising
capital for your business (8 marks)
il. State two types of business finance for an entrepreneur (2 marks)

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