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Form 4 Business Studies Paper 1 End of Term 2 Exams 2021

Class: Form 4

Subject: Business Studies

Level: High School

Exam Category: Form 4 End Term 2 Exams

Document Type: Pdf

Views: 1107 Downloads: 34

Exam Summary

BUSINESS STUDIES
PAPER 1 565/1
TIME: 2HRS
END-TERM 2 FORM 4
Answer ALL questions in the spaces provided
1. Identify four difficulties that may make an individual not to satisfy most of his needs (4 marks)
a)
b)
c)
d)
2. Highlight four characteristics of free resources (4 marks)
a)
b)
c)
d)
3. Outline four measures that can be taken to improve the efficiency of parastatals in Kenya (4 marks)
a)
b)
c)
d)
4. State four factors that would influence the amount of money held by an individual for transaction purposes (4 marks)
a)
b)
c)
d)
5. State four measures that the government may employ to regulate and control business activities (4 marks)
a)
b)
c)
d)
6 Given below are books of original entry, state the source document used to prepare each of the books (4 marks

7 Post the following transactions to the relevant ledger accounts
a) Started business by depositing in the bank a cheque of shs 100,000
b) Withdrew Kshs 20,000 cash from the bank for business use
c) Tumanka a debtor paid shs 40,000 cash
d) Took shs10, 000 from cash till for personal use (4mks)

8 Identify four ways through which manufacturers protect the consumers against exploitation (4 marks)
a)
b)
c)
d)
9 List four sources of monopoly power for a firm in a market (4 marks)
a)
b)
c)
d)
10 Outline any four benefits of “pooling of risks” to insurance company (4 marks)
a)
b)
c)
d)
11 The diagram below shows a supply curve #S_oS_o# and #S_IS_I#

Highlight four factors that account for the above phenomena (4 marks)
a)
b)
c)
d)
12 Highlight four roles played by inter-mediaries in the chain of distribution (4 marks)
a)
b)
c)
d)
13 Outline four uses of national income statistics (4 marks)
i)
ii)
iii)
iv)
14 Highlight four methods that can be used by a country to solve the problem of deficit balance of payment (4 marks)
i)
ii)
iii)
iv)
15 Outline four positive implications of high population growth rate in a country (4 marks)
a)
b)
c)
d)
16 Highlight four reasons why hypermarkets are increasingly becoming popular in Kenya (4 marks)
i)
ii)
iii)
iv)
17 For each of the following transactions, indicate with a tick (√) whether it will increase, decrease or have no effect on the balance sheet totals (4 marks)

18 Outline four circumstances under which personal selling is appropriate (4 marks)
i)
ii)
iii)
iv)
19 State four disadvantages of localization to a developing country (4 marks)
a)
b)
c)
d)
20 The following information relates to NtutuTraders

Calculate
(i) Cost of sales (2 marks)

(ii) Gross profit (2 marks)

21 State the meaning and significance of the following terms used in international trade
(i) Depreciation of the currency of country
(ii) Determination of the terms of trade of a country
(iii) Trade restrictions
(iv) Common market

22 Outline four advantages of a business using E-mail in communication (4 marks)
a)
b)
c)
d)
23 Outline four economic conditions that would prevail in a country undergoing inflation
(4 marks)
a)
b)
c)
d)
24 Indicate in the spaces provided whether the following taxes are either direct taxes or
indirect taxes (4 marks)
Tax Types of tax
Corporation tax _________________________________
Capital gain tax _________________________________
Value added tax _________________________________
Income tax ________________________________

25 Indicate in the spaces provided, the account to be debited and account to be credited (4 marks)

Form 4 Business Studies Paper 1 End of Term 2 Exams 2021

Exam Summary

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