LEARNING HUB TANZANIA
COMMERCE - OPENING EXAMINATION
FORM TWO
TIME: 2:30HRS 2019.
NAME ________________________________________ CLASS:______________
INSTRUCTIONS.
- This paper consists of section A, B and C with a total of eight questions
- Answer all questions
- All communication devices, calculators any unauthorized materials are not allowed in the examination room.
- No one is allowed to borrow anything during the exam.
SECTION A (30 MARKS)
Answer all questions in this section
i) The production process in which a farmer grows maize for sale is referred to as
ii) The label which shows the price of a particular good in a shop is called?
iii) What is the main purpose of Commerce?
iv) Which one among the following is part of aids to trade?
v) A person who coordinates all productive resources and bears the business risks is called
vi) The effect of increase in supply is reflected by
vii) The best way in which individuals and business organizations use to protect their businesses against risks is
viii) Why is it easy to establish retail trade as compared to wholesale trade?
ix) A wholesaler who operate on a very large scale business and supply goods to retailers in all parts of the country is known as
x) Which of the following presents a disadvantage of barter trade system?
Question | i | ii | iii | iv | v | vi | vii | viii | ix | x |
Answer |
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LIST A | LIST B |
i) A building where goods are stored while waiting for their use or distribution ii) The amount of money refunded as import duties paid if imported goods are re-exported within the time iii) A building where goods are stored and owned by specific businesses or individuals for their own use iv) A building owned by an individual or business which is available for use by others on charge v) A document issued to the owner of the goods after goods have been received into the public warehouse vi) The process of storing goods or raw material in a warehouse until they are needed vii) Warehouse used for storage of goods whose import tax had not been paid. viii) Taxes which are paid for imported goods before they leave the bonded warehouse ix) A document prepared by the importer who wants to take delivery of the goods in bonded warehouse x) Person who collects taxes on imports or exports |
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LIST A | i | ii | iii | iv | v | vi | vii | viii | ix | x |
LIST B |
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i) Goods and services that are sold outside the country are termed as______________
ii) The industries dealing with assembling of already manufactured goods into finished goods are called_____________________
iii) A small scale retail business which is owned by one person, offering variety of goods from different manufacturers and has fixed premises is called______________
iv) The law which states that the lower the price the higher the quantity demanded and vice versa is known as_________________
v) An auxiliary service which involves exchange of information between people or organization is known as_____________________
vi) The cost incurred in producing the extra unit of output is called_________________
vii) The commercial activity that deals with selling goods and services to other countries is called_________________________
viii) The last person to receive goods in the channel of distribution is called____________
ix) A person who sells goods and services with an aim of making profit______________
x) The resources in the form of money or materials or goods that a person or an organization use in commencing or starting business is termed as_______________
SECTION B (30 MARKS)
Answer all questions in this section
a) Durable goods
b) Consumer goods
c) Indirect production
d) Extractive industries
e) Habitual goods
i) ____________________________________________________________________
ii) ____________________________________________________________________
iii) ____________________________________________________________________
iv) ____________________________________________________________________
v) ____________________________________________________________________
SECTION C (40 MARKS)
Answer all questions in this section
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LEARNINGHUBTZ.CO.TZFORM TWO COMMERCE MODAL SERIES 4