KCSE Past Papers 2011 Business Studies Paper 1 (565/1)

KCSE Past Papers Business Studies 2011

5.5.1 Business Studies Paper 1 (565/1)

1 Identify the types of wholesalers described in the statements given below: (4 marks)

(a) A wholesaler who trades in maize grain only.

(b) A wholesaler who supplies goods to most of the traders in Kitui, Mbooni and Machakos districts in the Eastern part of Kenya.

(c) A wholesaler who buys tomatoes from farmers in rural areas and sells the same to other wholesalers in urban areas.

(d) A wholesaler who trades in a wide variety of human medicine.

2 Outline four factors that should be considered before buying office equipment. (4 marks)

(a)…………….

(b)…………….

(c)…………….

(d)…………….

3 Outline four malpractices by traders against which consumers may need protection by the government. (4 marks)

(a) …………….

(b)…………….

(C)…………….

(d)…………….

4 State three features of an insurable interest. (3 marks)

(a) …………………

(b) .. ……………..

(c) ………………..

5 Outline four ways of reducing the level of unemployment in Kenya.(4 marks)

(a)………………..

(b)………………..

(c)………………..

(d)………………..

6 State four services offered by a commercial bank to its consumers.(4 marks)

(a)………………..

(b)………………..

(c)………………..

(d)………………..

7 List four sources of public finance.(4 marks)

(a)………………..

(b)………………..

(C)………………..

(d)………………..

8 Outline four reasons why countries may trade with each other.(4 marks)

(a)………………..

(b)………………..

(c)………………..

(d)………………..

9 State four reasons why economic development is desirable to a country.(4 marks)

(a)………………..

(b)………………..

(c)………………..

(d)………………..

10 Indicate the reward associated with each of the factors of production in the table below. (4 marks)

11 Outline four circumstances under which a co-operative society may be dissolved. (4 marks) (a) ……………………….

(b) ………………………

(c) ………………………

(d) ………………………

12 Highlight four features of a bonded warehouse. (4 marks)

(a) ……………………….

(b) ……………………….

(c)……………………….

(d) ……………………….

13 Outline four factors that may be considered when measuring the size of a firm. (4 marks)

(a) ………………………..

(b) …………………………

(c) ………………………….

(d) ………………………….

14 The following transactions were extracted from the books of Sarah Traders for the month of March 2006. March l0: Purchased goods on credit worth Ksh 200 ,00O from Salim Traders March 25: Sold goods on credit worth Ksh 420,000 to Shah Traders Record the above transactions in the ledger accounts below: (4 marks)

15 On 2″“ November 2006, Oromo received an invoice for Ksh 12,000. Terms of payment were trade discount 5% and cash discount 10%, if payment is made Within 30 days. Determine the amount paid if payment was made on 28th November 2006. (4 marks)

16 The following balances were extracted from the books of Nafula Traders as at 31st December 2005.

Calculate the rate of return on capital. (4 marks)

17 The information given below was extracted from the books of Amina Traders on 31st December 2006.

Using the information given above, prepare Amina Traders’ Trading Account. (4 marks)

18 State four benefits that a farmer may get by transporting produce to the market by road. (4 marks)

(a) .. ………………………

(b) …………………………

(c) …………………………

(d) ………………………..

19 The table given below represents the supply schedule of sukuma wiki (kales) for eight weeks in the months of January and February 2009.

Outline four causes of the trend in the table. (4 marks)

(a)………………………..

(b)………………………..

(c)………………………..

(d)………………………..

20 Outline four ways in which households contribute to national income of a country. (4 marks)

(a)………………………..

(b)………………………..

(c)………………………..

(d)………………………..

21 Outline four circumstances in which a trader may use oral communication. (4 marks)

(a)………………………..

(b)………………………..

(c)………………………..

(d)………………………..

22 Outline four reasons why a firm may remain small. (4 marks)

(a)………………………..

(b)………………………..

(c)………………………..

(c)………………………..

23 On lst January 2007, Muthoni Traders Cash Book showed a credit balance of Ksh 150,000 at the bank and a debit balance of Ksh 25,250 in hand. During the month, the following transactions took place:

24 State four benefits that a trader may get by advertising products in a newspaper. (4 marks)

(a) …………………………

(b) …………………………

(c) …………………………

(d) ………………………..

5.5.2 Business Studies Paper 2 (565/2)

1 (a) Explain the following types of inflation:

(i) demand-pull inflation

(ii) cost-push inflation

(ii) imported inflation

(iv) structural. inflation. (8 marks)

(b) Explain six factors that may hinder the development of a country. (12 marks)

2 (a) Explain circumstances under which containerization may be used to transport goods. (10 marks)

(b) (i) Explain the procedure for making an insurance claim. (5 marks)

(ii) A farmer’s house valued at Ksh. l,200,000 was insured against fire for Ksh. 900,000 under the “with average clause”. Fire occurred and damaged the house causing a loss of Ksh. 500,000. Determine the value of compensation due to the farmer. ‘ (5 marks)

3 (a) Discuss product.

factors that may be considered when choosing a method for promoting a (10 marks)

(b) Describe features of economic resources. (10 marks)

4 (a) Explain benefits that may accrue to an organization that adopts an open office plan. (10 marks)

(b) Discuss circumstances under which a partnership may be dissolved. (10 marks)

5 (a) Amboseli Roses is a horticultural company producing flowers. Explain six factors that may influence the choice of a channel for distributing its products. (12 marks)

(b) Give reasons for maintaining books of original entry. (8 marks)

6 (a)Discuss causes of unfavourable balance of payment for most developing countries. (10 marks)

(b) The following balances were extracted from the books of Rehema Traders on 1st January 2007

The following transactions took place during the year ended 31 st December, 2007 (i) Sold furniture worth Ksh. 60,000 for which Ksh. 40,000 cash was received and the balance was due at the end of the year.

(ii) Purchased goods Worth Ksh.100,000 for which cash of Ksh. 70,000 was paid and the balance was still outstanding at the end of the year.

(iii) Cash Ksh. 10,000 was taken from the business by the proprietor to settle the spouse’s hospital bill.

Required: Dmw Rehema Trader‘s balance sheet as at 31st December, 2007 showing the items in their relevant classes. (10 marks)

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