DEMO ~PAPER 297 - QNS

THE PRESIDENT’S OFFICE

REGIONAL ADMINISTRATION AND LOCAL GOVERNMENT

MOSHI MUNICIPAL COUNCIL

SECONDARY EDUCATION EXAMINATIONS SYNDICATE

061 COMMERCE

PRE-CERTIFICATE FOR SECONDARY EDUCATION EXAMINATION

FRIDAY 27^th AUGUST 2021am TIME : 3:00HOURS

INSTRUCTIONS:

1. This paper consists of section A, B and C

2. Answer ALL questions in section A and B and 2 questions from section C

3. Cellular phones and any unauthorized materials are not allowed in the examination room. However, calculators may be used where necessary 4) Write your examination number on every page of your answer sheet.

SECTION A (20 MARKSB)

Answer ALL questions

1. For each of the following (i-x) choose the correct answer from among the given alternatives and write its letter beside the item number in your answer sheet.

(i) A system in credit dealings where the seller remains the owner of the goods until payment of last installment.

1. Hire purchases

2. (b) Credit purchases

3. (c) Deferred payment

4. (d) Letter of credit

5. (e) Protocol payment

(ii)If a small change of price brings about a greater change in quantity demanded then the price elasticity of demand is said to be:

(a) Constant

(b) Elastic

(c) Inelastic

(d) Unitary

(e) Zero elasticity

3. An advalorem tax is an indirect tax collected

   1. Per unit of goods regardless of value

   2. On home produce goods according to the value

   3. Directly from consumers income

   4. On each good according to the values

   5. On each good from abroad according to the value

3. The production process of goods in said to be complete when

   1. The raw materials are changed into complete finished goods

   2. The raw materials are changed into semi-finished goods

   3. When goods are sold to retailers

   4. When goods and services reach the final consumer

   5. Advertisements are placed on newspapers

3. When visible imports exceed visible exports, a country is said to have:

   1. A favorable balance of trade

   2. A favorable balance of payments

   3. Unfavorable balance of trade

   4. Unfavorable balance of payment

   5. Unfavorable balance of payment constant.

(vi) The way through which the message from the sender passes so as to reach the intended person / thing

(a) Source

(b) Receiver

(c) Channel

(d) Feedback

(e) Decoder

(vii) A market structure with only two firms is called:

(a) Monopoly

(b) Perfect competition

(c) Oligopoly

(d) Duopoly

(e) Monopolistic competition

8. One method of discouraging imports is to:

   1. Encourage free trade

   2. Impose high tax on imports

   3. Remove quota system

   4. Impose higher taxes on home made products

   5. Improve advertisement

8. The type of inflation which occurs when price rises daily and people lose confidence in their currency is called:

   1. Creeping inflation

   2. (b) Moderate inflation

   3. (c) Rapid inflation

   4. (d) Hyper inflation

   5. (e) Imported inflation

8. The excellent way of promoting online business

   1. Social networks

   2. (b) Blogs

   3. (c) Video chart

   4. (d) E-mail

   5. (e) Message

(xi) The significant of doctrine of proximate cause to the insured is.

1. To compensate those with financial involvement in the subject matter of insured.

2. To compensate those who are in relationship with the subject matter insured.

3. To compensate those who deal with them openly and honestly.

4. To honour claim where the insured risk was the cause of the loss/damage.

5. To claim extra benefits from the remains of damaged insurance property

(xii) The shops which sell product of one manufacturer only are called.

(a) rmarkets

(b) Tied shops

(c) Hawkers

(d) Road side sellers

(e) Hyper-market.

13. Which one is the correct form of classification of companies?

    1. Private limited companies, public limited companies and public corporations.

    2. Registered companies, statutory companies and chartered companies.

    3. Limited companies unlimited companies and co-operatives.

    4. Parastatals, public corporations and marketing boards.

    5. Registered companies, unregistered companies and local boards.

14. Suppose you have bought a medicine from India and they are urgently needed to serve life of patients in Tanzania. Which means of transport would you consider to be appropriate.

(a) Road transport.

(b) Water transport.

(c) Air transport.

(d) Railway transport.

(e) Pipeline transport.

13. Dangote is producing more quality cement than the required in the market. He decided to keep some of cement for future uses and releases other cement to be sold to the perspective customers, the building where Dangote’s cement be kept is called?

(a) Bonded warehouse.

(b) Public warehouse.

(c) Private warehouse.

(d) Foreign warehouse. (e) Domestic warehouse READ MORE