DEMO~PAPER 135-QNS

 PRESIDENT’S OFFICE

REGIONAL ADMINISTRATION AND LOCAL GOVERNMENT

MPWAPWA DISTRICT COUNCIL

FORM FOUR PRE NECTA I EXAMINATION

061 COMMERCE

TIME: 3.00 Hours SEPTEMBER, 2023

INSTRUCTIONS

1. This paper consists of three sections A, B and C with a total of 10 questions.

2. Answer all questions in section A and B and only two (2) questions from section C.

3. Non programmable calculators may be used.

4. Cellular phones, calculators and any unauthorized materials are not allowed in the examination room.

5. Write your examination number on every page of your Answer booklet(s).

SECTION A (20 MARKS)

Answer all questions from this section

1. For each of the items (i) – (xv) choose the correct answer from among the given alternative and write its letter beside the item number on the answer sheet provided

1. Mr. Charles Lugolola is a trader selling second hand clothes that normally buys them from Dubai and sells them in Dar es salaam-Tanzania. Which type of trade Mr. Charles Lugolola conducted?

1. Retail trade

2. Export trade

3. Wholesale trade

4. Import trade

5. Home trade

2. Which is the correct reason for the movement along the demand curve?

1. Change in taste and fashion

2. Change in people’s level of income

3. Change in the price of the commodity

4. Change in the demand of the other goods

5. Change in the value for money

3. Martine was complaining that he was one among the lower income earners but his salary has always been deducted more than higher income earners. Which do you think is the method that has been used by his institution to deduct his salary?

1. Progressive taxation method

2. Regressive taxation method

3. Indirect taxation method

4. Proportional taxation method

5. Poor taxation method

4. Ms. Neema is a retailer with her retail shop in Dodoma town. She took insurance cover for her pick-up that she always uses to collect her goods from the wholesalers’ warehouses. One day she got into a fire in her shop. She went to claim for compensation but the insurer refused to do so. Which principle of insurance has been used by the insurer to refuse to compensate her?

1. Utmost good faith

2. Subrogation

3. contribution

4. Insurable interest

5. Indemnity.

5. Which one among the following is the correct classification of warehouses?

1. Private warehouse, bonded warehouse and wholesalers warehouses

2. Bonded warehouse, private warehouse and retailers warehouse

3. Public warehouses, private warehouses and bonded warehouse

4. Public warehouses, bonded warehouses and producers warehouses

5. Wholesalers warehouses, retailers warehouses and manufacturers warehouses

6. If there was a farmer who had wheat and wanted salt he had to find one who had salt and wanted wheat, this is an example of:

1. Difficult in transporting immobile items.

2. Invisibility of some items.

3. Lack of store of value.

4. Need of double coincidence of wants.

5. Lack of measure of value.

7. Which of the following is not a feature of free goods?

1. They are not scare

2. They are not produced by human effort

3. They are not transferable in terms of ownership

4. They lack exchange value

5. They are transferable in terms of ownership

8. Nearly every journey involves junctions where we can transfer from one form of transport to another, in this case we are referring to:

1. The way

2. The unit of carriage

3. The terminal

4. The unit of propulsion

5. None of the above.

9. All the qualities of good money are important, but the most important quality of good money is:

1. Durability

2. Divisibility

3. Portability

4. Cognisability

5. General acceptability

10. The following statements are true of a bill of exchange which one is not?

1. It must be signed by the drawee

2. It must bear appropriate stamp duty

3. It must be signed by the drawer

4. It must be payable on demand

5. It must be unconditional

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