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KNEC KCSE Business Studies Paper 1 Question Paper / KCSE 2014

KNEC KCSE Business Studies Paper 1 Question Paper / KCSE 2014

KCSE 2014

Business Studies Paper 1

Answer all questions
1.

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

List Description Feature
(a) A person is unable to fully satisfy all wants …………………………………………………………
(b) Once satisfied, they have a tendency of being felt again. …………………………………………………………
(c) Some wants are satisfied together …………………………………………………………
(d) The same want can be satisfied using different resources. …………………………………………………………

 4 marks

2.

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

(a) Extraction

(b) Construction

(c) Direct services

 3 marks

3.

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

 4 marks

4.

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

 4 marks

5.

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

 4 marks

6.

Outline four features of liners in sea transport.

 4 marks

7.

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

 5 marks

8.

Explain the meaning of the following terms:

(a) Insured

(b) Insurance

 4 marks

9.

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

List Factor Movement along or shift of
(a) Change in income. ……………………………………..the demand curve.
(b) Change in price. ……………………………………..the demand curve.
(c) Change in weather. ……………………………………..the demand curve.

 3 marks

10.

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

 4 marks

11.

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

Business Studies Paper 1 Question Paper - KCSE 2014
Identify two factors represented by each of the arrows labelled a and b.

 4 marks

12.

Fill in the missing figures to the table below:

No. FA CA C L
(a) 275,500 ………… 315,100 115,500
(b) 182,000 108,700 ………… 217,100
(c) ………… 76,400 123,100 91,900
(d) 313,450 211,340 189,170 …………

 4 marks

13.

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

Details Shs
Purchases

Sales

Returns outwards

Returns inwards

D. Simola (Debtor)

P. Mwende (Creditor)

Wages

Cash

Capital

3,880

3350

150

160

2,550

3,100

800

960

1,750

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

 5 marks

14.

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

Business Studies Paper 1 Question Paper - KCSE 2014

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

 4 marks

15.

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

 4 marks

16.

State four disadvantages of batter trade.

 4 marks

17.

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:

Date Particulars Folio Dr Cr
……………..

……………..

……………..

……………..

……………..

……………..

……………..

……………..

……………..

……………..

……………..

……………..

……………..

……………..

……………..

 4 marks

18.

List four levels of inflation.

 4 marks

19.

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

 4 marks

20.

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

 4 marks

21.

Highlight four reasons for which businesses should observe ethical practices.

 4 marks

23.

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

Details Shs
Total drawings

Added investments

Capital on 31.Dec 2010

Profit

400,000

800,000

7,000,000

3,100000

Calculate Kiboko’s initial capital.

 3 marks

24.

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

 4 marks

25.

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

Details Shs
Sum Sales

Stock 1/1/2012

Returns Inwards

Purchases

Stock 31/12/2012

23,498,000

57,140

27,200

16,290,000

86,340

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

 5 marks

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