KNEC KCSE Business Studies Paper 1 Question Paper / KCSE 2014

The following are descriptions of features of human wants. Identify the features that relate to the descriptions in the spaces provided.

Name two occupations that relate to each of the production activities given below:

(a) Extraction

(b) Construction

(c) Direct services

Outline four tasks that may be carried out by a receptionist in an office.

Highlight four circumstances in which a cheque may be used as a means of payment

Highlight four activities that may be carried out in a stock exchange market.

Outline four features of liners in sea transport.

State five types of information that a manager may communicate to the juniors.

Explain the meaning of the following terms:

(a) Insured

(b) Insurance

In the spaces provided below, indicate whether the following factors cause movement along the demand curve or a shift of the demand curve.

Highlight four roles played by the broker in the chain of distribution.

The following diagram represents the circular flow of income in a two sector closed economy.

Identify two factors represented by each of the arrows labelled a and b.

Fill in the missing figures to the table below:

Mheshimiwa Ltd. had the following ledger account balances as at 31. May 2010:

Required: Prepare Mheshimiwa’s trial balance as at 31. May 2010.

The following is a format of the debit side of a three-column cash-book:

Name the columns labelled V. W. X and Y.

Outline four functions of the International Bank for Reconstruction and Development.

State four disadvantages of batter trade.

The following transactions relate to lelimo Stores:
(a) 10thOctober 2010, sold unused stationery for Sh 3000 on credit to K. Likia.
(b) 23rd October 2010, bought a motor vehicle on credit from Onjwaria Motors for Sh 700000.
Required: Record the above transactions in the general Joumal given below:

List four levels of inflation.

Many countries in Africa, Latin America and Asia are considered to be under-developeil. Outline four characteristics they have in common.

Madam Emoro operates a restarts business. State four factors in the internal environment that may influence the business.

Highlight four reasons for which businesses should observe ethical practices.

The following information relates to Kiboko Traders as at 31. December 2010.

Calculate Kiboko’s initial capital.

Outline four positive implications of a youthful population to an economy.

PQ Ltd had the following balances as at 31st December 2012.

Prepare PQ’s Trading Account for the year ended 31st December, 2012.