FORM TWO COMMERCE EXAMS SERIES

THE PRESIDENT’S OFFICE MINISTRY OF EDUCATION, REGIONAL ADMINISTRATION AND LOCAL GOVERNMENT

COMPETENCY BASED SECONDARY EXAMINATION SERIES

COMMERCE 

FORM TWO- SEPT 2022

061

TIME: 2:30 HOURS

INSTRUCTIONS

  • This paper consists of sections A, B and C with a total of seven (7) questions
  • Answer all questions
  • Section A and B carries thirty (30) marks and section C carries forty (40) marks
  • All answers must be written in the spaces provided
  • All writings must be in blue or black ink

 

SECTION A (30 MARKS)

Answer all questions in this section

  1.               For each of the items (i) – (x) choose the correct answer from among the given alternatives and write its letter in the space provided.
  1.                 The art of transmitting information and ideas by word of mouth, writing or by other means
  1.             Advertising
  2.             Communication       ( )
  3.             Insurance
  4.             Transport

 

  1.               The role of commerce in production process is to make
  1.             Direct services reach ultimate consumer
  2.             Distribution of goods and services to the retailer   ( )
  3.             Distribution of goods and service to wholesaler
  4.             Goods and service produced to reach the ultimate consumer

 

  1.            Given stock at start 80,000, stock at close 100,000, purchases 410,000, sales 455,000. Rate of stock turn is
  1.             5.1 times
  2.             3.4 times        ( )
  3.             4.3 times
  4.             2.3 times

 

  1.            Below are some of the factors to consider when locating a warehouse except
  1.             Number of customer
  2.             Communication system      ( )
  3.             Cost of construction
  4.             Flexibility

 

  1.               Vehicle includes the following except
  1.             Pickups
  2.             Cranes        ( )
  3.             Tankers
  4.             Dhows

 

  1.            The loading and off-loading places are referred  to as
  1.             Unit of carriage       ( )
  2.             Terminal
  3.             Way
  4.             Method of propulsion

 

  1.          The demand of one commodity that causes the demand of another commodity is called;
  1.             Joint demand       ( )
  2.             Composite demand
  3.             Derived demand
  4.             Competitive demand

 

  1.       ______________ is the exchange of goods for goods
  1.             Home trade       ( )
  2.             Barter trade
  3.             Foreign trade
  4.             Import trade

 

  1.            The level of stock at which placing new order must be done is
  1.             Minimum stock level
  2.             Maximum stock level      ( )
  3.             Average stock
  4.             Order point

 

  1.               The type of elasticity of supply that occurs when elasticity of supply is greater than one is called;
  1.             Unitary supply
  2.             Perfect elastic supply      ( )
  3.             Inelastic supply
  4.             Elastic supply

 

  1.               Match the descriptions in LIST A with the relevant in LIST B by writing the correct response below the corresponding item number in the table provided

LIST A

LIST B

  1.                 Number of shops found under one roof and managed by one
  2.               Self-service shop selling food stuffs and house hold items
  3.            Business conducted through post
  4.            Trader who carry goods on their heads or shoulder selling them from one place to another
  5.               Shops which sells goods from one manufacturer only
  1.             Multiple shops
  2.             Single shop
  3.             Peddler
  4.             Hyper market
  5.              Departmental store
  6.               Mail order business
  7.             Tied shop
  8.             Super market
  9.                 Hawkers
  10.                Discount store

 

LIST A

i

ii

iii

iv

v

LIST B

 

 

 

 

 

SECTION B (70 MARKS)

ANSWER ALL QUESTIONS FROM THIS SECTION

  1.               a) For each of the statements (i) – (x) write TRUE if the statement is correct or FALSE if the statement is not correct in the space provided
  1.                 Durable goods are goods which cannot stay for a long period of time without getting damage. _____________
  2.               Wholesaler purchase goods in bulk from retailers. _____________
  3.            Bonded warehouses are warehouses which store dutiable goods. ___________
  4.            Labour is the person who use mental and physical effort. ___________
  5.               Direct service involve public rallies, community based research and others ___
  6.            Pipeline transport is the movement of passengers, liquids and gases from one place to another. ______________
  7.          Commerce is the branch of economics. ____________
  8.       Demand curve is the graphical representation of demand schedule. _________
  9.            Basic needs includes food, shelter and clothes
  10.               Regional wholesaler are wholesalers who operate through the whole country. _______________

 

b) Complete the following sentences by writing the correct answer in the space provided 

  1.                 Ability and willingness of a producer to sell a particular product at a given price within a given period of time is _______________
  2.               __________________ is a process of moving goods and people from one place to another.
  3.            Path/way on which the goods flow from the producer to the final consumer is called ________________________
  4.            _______________ is the ability of a commodity to satisfy human want
  5.               The process of stimulating workers to accomplish desired goals in entrepreneurship is referred to as ________________
  1.               Briefly explain five functions of stock administration
  1.               Briefly explain the following concepts in relation to commerce
  1.                Containerization
  2.               Entrepreneurship
  3.                Self-employment
  4.               Rack jobbers
  5.                Specialization 
  1.               Study the table below

  1.                From the table above calculate the price elasticity of demand when price changes from Tsh 400 per kg to Tsh 200 per kg
  2.               State whether the price elasticity of demand is elastic or not

 

  1.                Draw the demand and supply curves and determine the equilibrium price and equilibrium quantity
  1.               Mention five (5) factors which causes change in demand of a commodity

                   (b) What is elasticity of demand and how it can be calculated?

  1.               Analyse seven functions of retailer
  2.               Explain four (4) four types of costs incurred during production process.

SECTION C. 15 MARKS

  1.            (a) Define entrepreneur as a factor of production

                    (b) Explain four (4) functions of entrepreneur of a business

 

LEARNINGHUBTZ.CO.TZFORM TWO COMMERCE EXAM SERIES 121

THE UNITED REPUBLIC OF TANZANIA PRESIDENT’S OFFICE- REGIONAL ADMINISTRATION AND LOCAL GOVERNMENT

FORM TWO EXAMINATION

061 COMMERCE

TIME: 2:30 Hours

Instructions

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

2. Answer all questions.

3. Section A and C carry Fifteen (15) Marks each and section B carries Seventy (70) marks.

4. All answers must be written in the space provided

5. All communication devices, calculators and any unauthorized materials are not allowed in the assessment room

6. Write your Assessment Number at the top right corner of every page

SECTION A (15 MARKS)

Answer all questions in this section

1. For each of the items (i) to (x), choose the correct answer from among the given alternatives and write its letters beside the item number in the answer booklet provided

i. A carpenter who makes furniture for his own use in the family is said to be engaged in

  1. Indirect production
  2. Direct services
  3. Direct production
  4. Indirect services [ ]

ii. The main feature of super market is

  1. Cash and carry
  2. Self-service
  3. Advice customers
  4. Floor space not less than 186m2 [ ]

iii. Tea leafs and sugar is an example of

  1. Joint demand
  2. Competitive demand
  3. Composite demand
  4. Competitive supply [ ]

iv. Which of the following industries deal with natural resources

  1. Manufacturing
  2. Constructive
  3. Extractive
  4. Textile [ ]

v. The functions of wholesaler are

  1. Financing, source of information, selling goods to retailers, storage and transportation of goods.
  2. Source of information, financing, selling goods to wholesalers and storage.
  3. Transport, storage of raw materials and financing
  4. Selling goods to producer, storage and transport [ ]

vi. The warehouses which are situated at terminals of railway, air ports and sea ports are known as

  1. Public warehouse.
  2. bonded warehouse
  3. Manufacture’s warehouse.
  4. Private warehouse. [ ]

vii. Goods can mainly be classified as

  1. durable goods and perishable goods
  2. consumer goods and producer goods
  3. producer goods and free goods
  4. Producer goods and economic goods. [ ]

viii. The function which is NOT usually performed by a retailer is

  1. Transport goods
  2. Storage of goods
  3. Advice to customer
  4. Selling goods to wholesaler [ ]

ix. Movement alongside the supply curve is caused by

  1. Change in price of the commodity
  2. Change in quantity demanded
  3. Increase in the price of the commodity
  4. Decrease in the price of the commodity [ ]

x. An agent authorized to sell goods on commission at a public auction is called

  1. Commission agent
  2. Auctioneer
  3. Forwarding agent
  4. Authorized agent [ ]

2. Match the item in LIST A with the response in LIST B by writing the letter of the correct response beside the number in the table provided below

LIST A

LIST B

i) Document prepared by the seller to the buyer providing a

summary of all transactions between them during a particular period of time

ii) A printed booklet that are prepared by seller which gives descriptions of the goods available for sale such as price, quantity, quality size etc

iii) Document that contains current prices of each item and its catalogue number

iv) Document sent by buyer to the seller to indicate formal acceptance to purchase a specified amount of goods

v) Document sent by seller to the buyer when the goods have been supplied on credit

  1. Inquiry
  2. Quotation
  3. Catalogue
  4. Price list
  5. Order note
  6. Invoice
  7. Receipt
  8. Debit note
  9. Credit note
  10. Statement of account

3. (a) Provide four factors of production used in the economy and state the price of each factor.

(b) Mr. Nelson a businessman at Mundemu market faced you as a commerce student to explain the factors that contributed in the growth of commerce. Respond the question by providing three (3) factors

4. Distinguish the following commercial term

a. Preventing the risk and reducing the risk

b. Business activities and non-business activities

c. Division of labour and specialization

d. Hire purchase and deferred payment

e. Branding and packaging

5. Given the diagram below.

Explain five reasons that might cause for the shift from either 0QE to 0Q1 or 0QE to 0Q2.

6. Wholesalers, retailers, importers and exporters face a lot of difficulties when buying and selling goods and services. Discuss five ways commerce uses to help the named traders

7. Hidaya plans to transports 100 sacks of rice from Morogoro to Kahama. Explain reasons as to why she might choose a cargo train as his a means of transport. Five points only. 8. Complete the following charts

 

Average stock 

Cost of sales 

Net sales 

Gross profit 

Rate of stock turn 

Expenses 

Net profit 

(a)

35,000

210,000

265,000

(i)

(ii)

(iii)

18,100

(b)

24,000

(iv)

(v)

41,000

8

27,450

(vi)

(c)

(vii)

240,000

(viii)

(ix)

10

26,600

23,400

9. Imagine you have been invited to attend meeting with people who expects to start a small business few days come. As an expert, explain to them five types of small scale retailers operating in the business.

SECTION C (15 Marks)

Answer only one question.

10.Suppose your commerce teacher assigned you to prepare the debate presentation on motivating factors that influence an individual’s towards entrepreneurship. Briefly explain three (3) internal and three (3) external factors that you will consider in you presentation.

LEARNINGHUBTZ.CO.TZFORM TWO COMMERCE EXAM SERIES 110

THE PRESIDENT’S OFFICE

MINISTRY OF EDUCATION, REGIONAL ADMINISTRATION AND LOCAL GOVERNMENT

SECONDARY EXAMINATION SERIES

COMMERCE TERMINAL EXAMINATION

FORM TWO-2022

Duration: 2:30 Hours

INSTRUCTIONS.

  1.      This paper consists of sections A, B and C with a total of seven (7) questions.
  2.      Answer all questions
  3.      All answers must be written in the spaces provided.
  4.      All writing must be in blue or black ink.
  5.      Calculators, cellular phones and any unauthorized materials are not allowed in the examination room.
  6.      Write your Examination Number at the top right corner of every page.

 

SECTION A (30 Marks)

Answer all questions in this section

 

1. For each of the following questions write the letter of the correct answer

(i)The qualities of a good retailer is

  1.               Not pleasant in his dealing
  2.               Not a good administrator
  3.               No delay but makes prompt payment
  4.               No stealing from his account.

(ii)Which of the following is an example of primary production? 

  1.               Agriculture
  2.               Textile manufacturer
  3.               Road construction
  4.               Space exploration

(iii)Demand curve is that which moves from the 

  1.               Right to the left upward
  2.               Left to the right upward
  3.               Right to the left downward
  4.               Left to the right downward

(iv)Which of the following function is not normally done by wholesaler to retailer?

  1.               Breaking the bulk
  2.               Storage
  3.               Market research
  4.               Transportation

(v)Industries which assemble already manufactured goods are known as 

  1.               Producing industries
  2.               Constructive industries
  3.               Extractive industries
  4.               Manufacturing industries

(vi)C.O. D is an abbreviation which stands for 

  1.               Cash On Demand
  2.               Cash On Delivery
  3.               Credit On Demand
  4.               Care Of Drawer

(vii)Which of the following statements is true?

  1.               Economics is part of Commerce
  2.               Commerce is part of Economics
  3.               Commerce includes production
  4.               Commerce is the study of exchange only

(viii)The distinguish marks attached to products and which cannot be used by any other producer are called:

  1.               Trade marks
  2.               Approval seals
  3.               Copy rights
  4.               Kite marks

(ix)Marginal cost is defined as 

  1.               A change in total output due to additional unit of cost
  2.               Distribution of total cost per unit of output
  3.               A change in total cost due to additional unit of output
  4.               Distribution of fixed costs per unit of output

(x)The level reached after receiving new delivery is called 

  1.               Minimum stock
  2.               Average stock
  3.               Maximum stock
  4.               Stock taking

2.Choose the correct term from Group B which matches with the explanation in Group A then write the letter against the number of the relevant explanation.

Group A

Group B

  1. The price for the use of land as a factor of production and other immovable assets like houses
  2. Document issued when goods have been bought or sold on credit basis
  3. The travelling traders who carry their goods on bicycles or motorcycles and move from one place to another selling their goods.
  4. Planning, monitoring purchases and keeping quantity of goods in reasonable proportion of sales
  5. The ways through which goods flow from manufacturing point of view to consumption point of view.
  1.               Brokers
  2.               Chain of distribution
  3.               Consumer goods
  4.               Division of labour
  5.                Hawkers
  6.                Interest
  7.               Invoice
  8.               Marginal cost
  9.                  Ostentation goods
  10.                 Private warehouse
  11.               Public warehouse
  12.                Rent
  13.              Specialization
  14.               Stock taking

 

 

For each of the following statements (i) – (x) 

3. Write TRUE If the statement is correct or False if the statement is not correct in the space provided.

  1. Demand law states that the lower the price the higher the quantity demanded and vice-versa.
  2. The cost incurred in producing the extra unit of output is called Marginal cost
  3. Export trade is commercial activity that deals with selling goods and services to other countries
  4. Extractive industries are involved in changing the form of raw materials into finished goods.
  5. Barter trade is exchange of goods and services
  6. Human needs consist of food, shelter and clothes
  7. Production is the creation of goods and services to satisfy human wonts
  8. A large building which is specifically made for the storage of goods before use is called store
  9. Capital is reward of labour
  10. The allowance made by the seller in orders to encourage buyers to buy more goods is called trade discount.

 

 SECTION B (30 Marks)

Answer all questions in this section.

 

4. Briefly explain six qualities of good retailer.

 

5.(a) Define the term demand

(b) Briefly explain five factors that determine change in demand


SECTION C ( 40 Marks)

Answer all questions in this section

 

6. Briefly explain the importance of land as a factor of production. (Give four points)

7. The following are the balances of Kantupeni Traders as at 31st December 2007

Closing stock   Tshs. 32,500/=

Purchases   Tshs 25,000/=

Expenses   Tshs 8,000/=

Sales    Tshs 35,000/=

Opening stock   Tshs 28,000/=

 

Calculate:

  1.                 Gross profit
  2.                 Net profit
  3.                 The rate of stock turn

 

LEARNINGHUBTZ.CO.TZFORM TWO COMMERCE EXAM SERIES 102

THE UNITED REPUBLIC OF TANZANIA PRESIDENT'S OFFICREGIONAL ADMINISTRATION AND LOCA GOVERNMEN

FORM TWO COMMERCE MID TERM TEST , APRIL  - 2022

 TIME:  2:3 HOURS INSTRUCTIONS

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

2. Answer all questions from both sections.

3. All answers must be in blue or black ink except for drawings, which must be drawn by pencil ink.

4. Cellular phones and calculating devices are not allowed in the examination room-

5. Observe neatness of your works.

6. Write your examination index number on every page of your answer sheet(s).

FOR EXAMINER'S USE ONLY

QUESTIO NO

SCORE

EXAMINER'S  INITIALS

1



2



3



4



5



6



7



TOTAL



SECTION  A: (3MARKS)

1. For each of the following questions. (i)-(x) choose the most correct option among the given alternatives and write its letter beside the item number----

(i) The main aim of commerce in satisfying human wants is to close the gap between:

  1. Producers and manufactures
  2. Producers and consumers
  3. Retailers and consumers
  4. Wholesalers and retailers ( )

(ii) The difference between cost price and the selling price is regarded as. _

  1. Gross profit
  2. Turnover
  3. Net profit
  4. Stock turn ( )

(iii) The chief advantage of specialization is: _

  1. Monotorv
  2. Provides direct services
  3. It encourages barter system
  4. It increases production ( )

(iv) Labour as a factor of production is said to create utility if it ultimalely leads to: _

  1. Production of goods
  2. Meeting consumers needs
  3. Contact with consumers
  4. (d) Selling a product ( )

(v) A debit note is issued to correct: _

  1. An overchrge on a statement
  2. An over charge on an invoice
  3. An undercharge on an invoice
  4. An under charge on a statement ( )

(vi) is the ability and willingness to sell certain quantity of a commodity at a given market price and specific period of time.

  1. Buying
  2. Demand
  3. Selling
  4. Supply ( )

(vii) Aneth a wholesaler had daily sales of SO bags, minimum stock of 200 bags and a time of delivery of 4 days. What is the wholesaler's order point?

  1. 850
  2. 200
  3. 600
  4. 400 ( )

(viii) is the giving of a name to a product in order to distinguish it from other products.

  1. Branding
  2. Blending
  3. Blanding
  4. Grading ( )

(ix) A place where loading and off loading of goods takes place is called. _

  1. The way
  2. Method of propulsion
  3. Unit of carriage
  4. Terminal ( )

(x) The cover against unforeseen in a business is termed as. _

  1. Warehousing
  2. Insurance
  3. Advertising
  4. Banking ( )

2. Match the items in COLUMN A with the responses in COLUMN B by writing the letter of the correct response beside the item number in the box provided.

COLUMN A

COLUMN B

(i)The price for the use of land as a factor of production

ii) Goods which are highly demanded by higher income earners

(iii) The ways through which goods flow from manufacturing point of view to consumption point of view

(iv) A cost of production of one more unit of output produced

(v)It is owned by individual, institution or government and is open to anyone wishing to store goods on payment.


A Chain of distribution

B. Marginal cost

C. Commerce flow chart

D. Rent

E. Nomal goods

F. Profit

G. Public warehouse

H. Goods of ostentation


Column A

(i)

(ii)

(iii)

(iv)

(v)

Column  B






3. (a) For each of the following items, write True or False on the space provided:

(i) Variable cost is the cost that changes with change in input. 

(ii) Profit is the reward for entrepreneurship.

(iii) Domestic trade is the trade 'carried out between nations,

(iv) Competitive demand is the demand for qoods which serve the same purpose

(v) Durable goods are the goods which can not stay for a long period of time

(vi) . Imports are good that are bought from other countries,

(vii) Unitary elasticity is the elasticity that is equal to zero

(viii) Indirect production is the production of goods for one's own consumption,

(ix) A trade discount is an allowance made if goods are sold by one businessman to another whose price is fixed, _

(x) Single shops that sell products of one manufacturer only is tied shop 

b) Complete the following sentences by filling in the blanks with correct word(s)

i) Cost of goods sold divided by average stock gives the

ii) It occurs when demand and supply forces intersect each other

iii) The action through which a retailer discovers information about the needs of the consumers

iv) A document authorizing the removal of goods from a warehouse is termed as

v) The type of trade by which orders are placed, sent and goods are received through postal service is,

SECTION B: (3MARKS)

4. Write short notes on the following concepts as used in commerce; 

(i) Automatic vending machine

(ii) Multiple shops

(iii) Sales promotion 

(iv) Defered payement 

(v) Tertiary production

5. (a) Briefly explain wholesale trade?

(b) Descibe any six (6) challenges that face retail traders in Tanzania

SECTION C:  (40 MARKS)

6 Given

Opening stock = 2,000/= 

Closing stock = 2,500/= 

Purchases = 14,000/= 

Sales = 25,000/= 

Expenses = 4000/= 

Calculate

a)Cost of goods sold

b)Average stock 

c)Gross profits 

d)Net profit

e)Rate of stock turn over

7. Briefly explain five (5) activities mainly taking part in shock administration.

LEARNINGHUBTZ.CO.TZFORM TWO COMMERCE EXAM SERIES 94

PRESIDENT’S OFFICE

REGIONAL ADMINISTRATION AND LOCAL GOVERNMENT

MID TERM ONE EXAMINATIONS

COMMERCE  FORM TWO

 

 

TIME: 2:30 HOURS                                                                                             MARCH 2022

image

                                                                                     

Instructions

1.      This paper consists of sections A, B and C with a total of seven (7) questions.

2.      Answer all questions.

3.      Section A and B carry thirty (30) marks each and section C carries forty (40) marks.

4.      All answers must be written in the spaces provided.

5.      All writings must be in blue or black ink.

6.      All communication devices, Calculators and any unauthorized materials are not allowed in the examination room.

7.      Write Your Examination Number on the top right of every page.

 

FOR EXAMINER’S USE ONLY

QUESTION

NUMBER

SCORE

EXAMINER’S INITIALS

1

 

 

2

 

 

3

 

 

4

 

 

5

 

 

6

 

 

7

 

 

TOTAL

 

 

CHECKER’S INITIALS

 

 

 

 

 

SECTION A: (40 Marks)

Answer all questions in this section

1.      For each of the following items (i) - (x), choose the correct answer and write its letter in the box provided:

(i)                 The method of payment where the buyer sends money for the goods on ordering for them is known as:

A.    Cash on delivery

B.     Prompt cash

C.     Spot cash

D.    Cash with order.

 

(ii)              Which of the following types of warehouses enables Tanzania Revenue Authority to collect import duty? 

            A. Public warehouse

B.     Bonded warehouse

C.     Wholesale warehouse

D.    Private warehouse.

 

(iii)            If a trader is given 20% trade discount and 5% cash discount for goods purchased at TZS 200,000/=, how much will he pay?:

A. TZS 150,000/= B. TZS 160,000/=

C. TZS 152,000/= D. TZS 120,000/=.

 

(iv)             The reason why people participate in exchange of goods is:

A.    To get money

B.     They over produce

C.     They prefer what is produced by others

D.    They specialize in production of different goods and services.

 

(v)               The process of checking and keeping record of the number of items in stock and their values is known as:

A.    Stock control

B.     Stock valuation 

C. Issuing of stock

D. Stock taking.

 

(vi)             The distribution, exchange of goods and service and activities that help in the movement of goods from the producer to the consumer is known as:

A.    Production

B.     Aids to trade

C.     Trade

D.    Commerce.

(vii)          Why are there more new business in the retail trades than in manufacturing?

A.    Few skills required to run retail business

B.     More capital is required to start retail trading

C.     Retailer can obtain bank loans without collateral security

D.    The retail trade is more profitable than manufacturing.

 

(viii)        Which one of the following activities is under primary production?

A.    Coffee processing

B.     Car manufacturing 

C. Road construction

D. Oil drilling.

 

(ix)             The system of installment selling where the buyer takes ownership of the property immediately after the first deposit is known as:

A.    Hire purchase

B.     Mortgaging

C.     Credit sales 

D. Deferred payment.

 

(x)               Given average stock at selling price TZS 144,000/= and the cost of sales of TZS 720,000/=. The rate of stock turn will be:

A.    4 times

B.     0.2 times

C.     5 times 

D. 0.8 times.

 

2.      Match the descriptions of Entrepreneurship in list A with the relevant response from List B by writing the letter of the correct response below the corresponding item number in the table provided.

LIST A

LIST B

(i)          An entrepreneur set down the objectives and design strategies to achieve the goals.

(ii)        An entrepreneur undertakes the responsibility for loss that may arise due to future unforeseen events.

(iii)      An entrepreneur functions which involves planning, organizing, staffing and controlling.

(iv)      An entrepreneur decides on type and nature of the business that will be undertaken.

(v)        An entrepreneur award other factors for their contribution in production process.

A.    Organizing

B.     Planning

C.     Managerial role

D.    Idea generation

E.     Rewarding       other

factors

F.      Employment

G.    Risk bearing

 

 

Answer:

LIST A

(i)

(ii)

(iii)

(iv)

(v)

LIST B

 

 

 

 

 

 

 

3.      (a) For each of the statements (i) – (x), write TRUE if the statement is correct or FALSE  if the statement is not correct in the space provided.

(i)  Secondary level of production consists of manufacturing industry and constructive industry.  

(ii)  Price and income are among the factors which cause change in quantity demand for a particular commodity.

(iii)  Employment enables people to have stable income throughout the year. 

(iv)  Supply curve has a positive slope because as price of the commodity rises   fever goods will be supplied.  

(v)  Water, railway, air and road transport are the modes of transport.  

(vi)  When units produced equal to zero, then total cost of production will be equal to summation of all fixed cost incurred. 

(vii)  An aid to trade which involves making the public aware of the availability of goods and services in the market is television. 

(viii) Production is classified into three major branches which are commerce,

 business and direct services. 

(ix)    Hypermarket is a large shopping center located away from the city center with a very large space for packing and selling variety of goods under self-service.                 

(x)  Trade mark is a system of giving name or symbol to a product to differentiate it from other similar product. 

(b) Complete the following sentences by writing the correct answer in the spaces provided

(i)    A factor of production which is characterized by value appreciation is called 

(ii)    A businessman who carries the goods and moves from one place to another looking for customers is known as 

(iii)  After watching the success of biggest entrepreneurs such as Mohammed Dewji, Mswahili was interested to become an entrepreneur. The type of motivation that has motivated Mswahili is 

(iv)  A labour who uses more of mental efforts than his/her physical efforts is known as 

(v)      During a particular year, wheat farmers experienced dry weather; if all other factors remain constant, the farmer supply curve for wheat will shift to 

 SECTION B: (30 Marks)

Answer all questions in this section

4.      (a) Explain the meaning of demand

_____________________________________________________________________ __________________________________________________________________________________________________________________________________________

 

(b)  Describe any four (4) conditions for effective demand.

(i)                 _______________________________________________________________

                             _______________________________________________________________

                             _______________________________________________________________

(ii)              _______________________________________________________________

                             _______________________________________________________________

                             _______________________________________________________________

(iii)            _______________________________________________________________

                             _______________________________________________________________

                             _______________________________________________________________

(iv)             _______________________________________________________________

            _______________________________________________________________              _______________________________________________________________

 

5.      Distinguish between the following terminologies as used in commerce

(a)               Time utility and place utility

_____________________________________________________________________

_____________________________________________________________________

_____________________________________________________________________

_____________________________________________________________________

(b)               Change in supply and change in quantity supply

_____________________________________________________________________

_____________________________________________________________________ _____________________________________________________________________

_____________________________________________________________________

 

(c)               Bonded warehouse and public warehouse

_____________________________________________________________________ _____________________________________________________________________ _____________________________________________________________________

_____________________________________________________________________

(d)               Business and trade

_______________________________________________________________ _______________________________________________________________

_______________________________________________________________

_______________________________________________________________

(e)               Wholesale trade and retail trade

_______________________________________________________________              _______________________________________________________________

_______________________________________________________________

_______________________________________________________________

 

SECTION C: (40 Marks)

Answer all questions in this section

 

6.      (a) What is production?

_____________________________________________________________________

_____________________________________________________________________ _____________________________________________________________________ _____________________________________________________________________

    (b)   Draw the production chart and clearly indicate all its branches.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7.      Sleyyum has bought medicine from China and they are urgently needed to serve the life of patients in Tanzania. Which mode of transport would you consider appropriate for Sleyyum? Explain five (5) advantages of using the mode of transport that you have choosen.

___________________________________________________________________________ ___________________________________________________________________________

___________________________________________________________________________

___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________

___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________

___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________

___________________________________________________________________________

___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________

___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________

___________________________________________________________________________

___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________

___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________

___________________________________________________________________________

___________________________________________________________________________

___________________________________________________________________________

___________________________________________________________________________

___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________

___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________

___________________________________________________________________________

___________________________________________________________________________

___________________________________________________________________________ ___________________________________________________________________________

___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________

___________________________________________________________________________

___________________________________________________________________________

___________________________________________________________________________

___________________________________________________________________________

___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________

___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________

___________________________________________________________________________

___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________

___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________

___________________________________________________________________________

___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________

___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________

___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________

___________________________________________________________________________

___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________

___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________

___________________________________________________________________________

 

 

 

 

LEARNINGHUBTZ.CO.TZFORM TWO COMMERCE EXAM SERIES 92

                                      

THE PRESIDENT’S OFFICE

MINISTRY OF EDUCATION, REGIONAL ADMINISTRATION AND LOCAL GOVERNMENT

COMPETENCE BASED  SECONDARY EXAMINATION SERIES

ANNUAL  EXAMINATION

FORM TWO

 

 

                                           COMMERCE

       061                                                                      

TIME: 2:30 HOURS                                                    November, 2021

image

                                                                                     

Instructions

1.      This paper consists of sections A, B and C with a total of seven (7) questions.

2.      Answer all questions.

3.      Section A and B carry thirty (30) marks each and section C carries forty (40) marks.

4.      All answers must be written in the spaces provided.

5.      All writings must be in blue or black ink.

6.      All communication devices, Calculators and any unauthorized materials are not allowed in the examination room.

7.      Write Your Examination Number on the top right of every page.

 

FOR EXAMINER’S USE ONLY

QUESTION

NUMBER

SCORE

EXAMINER’S INITIALS

1

 

 

2

 

 

3

 

 

4

 

 

5

 

 

6

 

 

7

 

 

TOTAL

 

 

CHECKER’S INITIALS

 

 

 

 

 

SECTION A: (40 Marks)

Answer all questions in this section

1.      For each of the following items (i) - (x), choose the correct answer and write its letter in the box provided:

(i)                 The method of payment where the buyer sends money for the goods on ordering for them is known as:

A.    Cash on delivery

B.     Prompt cash

C.     Spot cash

D.    Cash with order.

 

(ii)              Which of the following types of warehouses enables Tanzania Revenue Authority to collect import duty? A. Public warehouse

B.     Bonded warehouse

C.     Wholesale warehouse

D.    Private warehouse.

 

(iii)            If a trader is given 20% trade discount and 5% cash discount for goods purchased at TZS 200,000/=, how much will he pay?:

A. TZS 150,000/= 

B. TZS 160,000/=

C. TZS 152,000/= 

D. TZS 120,000/=.

 

(iv)             The reason why people participate in exchange of goods is:

A.    To get money

B.     They over produce

C.     They prefer what is produced by others

D.    They specialize in production of different goods and services.

 

(v)               The process of checking and keeping record of the number of items in stock and their values is known as:

A.    Stock control

B.     Stock valuation 

C. Issuing of stock

D. Stock taking.

 

(vi)             The distribution, exchange of goods and service and activities that help in the movement of goods from the producer to the consumer is known as:

A.    Production

B.     Aids to trade

C.     Trade

D.    Commerce.

(vii)          Why are there more new business in the retail trades than in manufacturing?

A.    Few skills required to run retail business

B.     More capital is required to start retail trading

C.     Retailer can obtain bank loans without collateral security

D.    The retail trade is more profitable than manufacturing.

 

(viii)        Which one of the following activities is under primary production?

A.    Coffee processing

B.     Car manufacturing C. Road construction

D. Oil drilling.

 

(ix)             The system of installment selling where the buyer takes ownership of the property immediately after the first deposit is known as:

A.    Hire purchase

B.     Mortgaging

C.     Credit sales 

D. Deferred payment.

 

(x)               Given average stock at selling price TZS 144,000/= and the cost of sales of TZS 720,000/=. The rate of stock turn will be:

A.    4 times

B.     0.2 times

C.     5 times 

D. 0.8 times.

 

2.      Match the descriptions of Entrepreneurship in list A with the relevant response from List B by writing the letter of the correct response below the corresponding item number in the table provided.

LIST A

LIST B

(i)          An entrepreneur set down the objectives and design strategies to achieve the goals.

(ii)        An entrepreneur undertakes the responsibility for loss that may arise due to future unforeseen events.

(iii)      An entrepreneur functions which involves planning, organizing, staffing and controlling.

(iv)      An entrepreneur decides on type and nature of the business that will be undertaken.

(v)        An entrepreneur award other factors for their contribution in production process.

A.    Organizing

B.     Planning

C.     Managerial role

D.    Idea generation

E.     Rewarding       other

factors

F.      Employment

G.    Risk bearing

 

 

Answer:

LIST A

(i)

(ii)

(iii)

(iv)

(v)

LIST B

 

 

 

 

 

 

 

3.      (a) For each of the statements (i) – (x), write TRUE if the statement is correct or FALSE  if the statement is not correct in the space provided.

(i)                 Secondary level of production consists of manufacturing industry and constructive industry.        _________

(ii)              Price and income are among the factors which cause change in quantity demand for a particular commodity.               __________

(iii)            Employment enables people to have stable income throughout the year. _____

(iv)             Supply curve has a positive slope because as price of the commodity rises

                                fever goods will be supplied.                                                           ___________

(v)               Water, railway, air and road transport are the modes of transport.  __________

(vi)             When units produced equal to zero, then total cost of production will be equal to summation of all fixed cost incurred.                       ___________

(vii)          An aid to trade which involves making the public aware of the availability of goods and services in the market is television.              _________

(viii)        Production is classified into three major branches which are commerce,

                                business and direct services.                                                              __________

(ix)             Hypermarket is a large shopping center located away from the city center with a very large space for packing and selling variety of goods under self-service.          

        ___________

(x)               Trade mark is a system of giving name or symbol to a product to differentiate it from other similar product.       _________

(b) Complete the following sentences by writing the correct answer in the spaces provided

(i)                 A factor of production which is characterized by value appreciation is called ______________________________________________________________.

(ii)              A businessman who carries the goods and moves from one place to another looking for customers is known as  __________________________________.

(iii)            After watching the success of biggest entrepreneurs such as Mohammed Dewji, Mswahili was interested to become an entrepreneur. The type of motivation that has motivated Mswahili is ____________________________.

(iv)             A labour who uses more of mental efforts than his/her physical efforts is known as ______________________________________________________.

(v)               During a particular year, wheat farmers experienced dry weather; if all other factors remain constant, the farmer supply curve for wheat will shift to _______________________________________________________________ 

SECTION B: (30 Marks)

Answer all questions in this section

4.      (a) Explain the meaning of demand

_____________________________________________________________________ _____________________________________________________________________

_____________________________________________________________________

 

(b)  Describe any four (4) conditions for effective demand.

(i)                 _______________________________________________________________

                             _______________________________________________________________

                             _______________________________________________________________

(ii)              _______________________________________________________________

                             _______________________________________________________________

                             _______________________________________________________________

(iii)            _______________________________________________________________

                             _______________________________________________________________

                             _______________________________________________________________

(iv)             _______________________________________________________________

            _______________________________________________________________              _______________________________________________________________

 

5.      Distinguish between the following terminologies as used in commerce

(a)               Time utility and place utility

_____________________________________________________________________

_____________________________________________________________________

_____________________________________________________________________

_____________________________________________________________________

(b)               Change in supply and change in quantity supply

_____________________________________________________________________

_____________________________________________________________________ _____________________________________________________________________

_____________________________________________________________________

 

(c)               Bonded warehouse and public warehouse

_____________________________________________________________________ _____________________________________________________________________ _____________________________________________________________________

_____________________________________________________________________

(d)               Business and trade

_______________________________________________________________ _______________________________________________________________

_______________________________________________________________

_______________________________________________________________

(e)               Wholesale trade and retail trade

_______________________________________________________________              _______________________________________________________________

 _______________________________________________________________

_______________________________________________________________

 

SECTION C: (40 Marks)

Answer all questions in this section

 

6.      (a) What is production?

_____________________________________________________________________

_____________________________________________________________________ _____________________________________________________________________ _____________________________________________________________________

    (b)   Draw the production chart and clearly indicate all its branches.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7.      Sleyyum has bought medicine from China and they are urgently needed to serve the life of patients in Tanzania. Which mode of transport would you consider appropriate for Sleyyum? Explain five (5) advantages of using the mode of transport that you have choosen.

___________________________________________________________________________

LEARNINGHUBTZ.CO.TZFORM TWO COMMERCE EXAM SERIES 80

THE PRESIDENT’S OFFICE MINISTRY OF EDUCATION, LOCAL ADMINISTRATION AND LOCAL GOVERNMENT

COMMERCE- BACK TO SCHOOL EXAMINATION-JUNE

FORM TWO

Time 2:30 Hours                                                                                      JUNE 2020 

INSTRUCTIONS.

  1. This paper consists of sections A, B and C with a total of seven (7) questions.
  2. Answer all questions
  3. All answers must be written in the spaces provided.
  4. All writing must be in blue or black ink.
  5. Calculators, cellular phones and any unauthorized materials are not allowed in the examination room.
  6. Write your Examination Number at the top right corner of every page.

SECTION A (30 Marks)

Answer all questions in this section

1. For each of the following items (i) – (ii), choose the correct answer and write its letter in the box provided.

(i) What will be the order point of Mr. Cassel if his daily sales are 500 bags of sugar, the delivery time being 15 days and minimum stock of 200 bags?

  1. 7,700 bags
  2. 300 bags
  3. 3,500 bags
  4. 4,500 bags

(ii) The process through the customer exchange information with the shop keeper about the availability of rice in his shop is expressed as

  1. Transaction
  2. Advertising
  3. Communication
  4. Retailing.

 (iii) Why is it necessary to use demand schedule in drawing a demand curve?

  1. It shows the quantity demanded
  2. It shows the price of the quantity demanded.
  3. It shows the price and quantity demanded.
  4. It shows the price changes for a commodity.

(vi) Why internal motivation important in an entrepreneurship?

  1. It creates environment for carrier development
  2. It creates competition among the entrepreneurship
  3. It creates the working spirits to experts.
  4. It helps to overcome the business challenges.

(v) In which category does Madam Mashenge be grouped if she produced green vegetables in large quantity and sells them in bulk to retailers who will then sell them to final users?

  1. Wholesaler
  2. Retailer
  3. Customer
  4. Producer

 (vi) The main elements of commerce comprises of

  1. Home trade and foreign trade
  2. Wholesale and retail trade
  3. Trade and aids to trade
  4. Import trade and export trade.

 (vii) Which of the following units of carriage in transport is most suitable in carrying delicate and perishable goods over a long distance?

  1. Ships
  2. Train
  3. Car
  4. Aeroplane.

(viii) Petrol stations which sell petrol and diesel obtained from the same producer are the examples of

  1. Tied shops
  2. Departmental stores
  3. Single shops
  4. Mobile shops.

 (ix) The following are benefits of self – employment to an entrepreneur except

  1. Ability to generate extra income
  2. Sharing decision and business ideas with the boss.
  3. Ability to make his/her own decisions.
  4. Becoming boss of his/her own business.

 (x) Mr. Makiku is a large scale local rice producer who invested a capital of Tsh.300 million in production. What reward is he deserve as a return of his capital?

  1. Rent
  2. Salary
  3. Profit
  4. Interest.

2. Match the meaning of the production terminologies in List A with the relevant terminology in List B by writing the letter of the correct terminology below the corresponding item number in the table provided.

List A

List B

(i)     A level of production which is concerned with getting the raw materials provided by nature out of the land.

(ii)  The activity aimed at bringing a physical change in goods and services to satisfy human needs and wants.

(iii) A level of production which deal with distribution of already manufactured goods without changing their forms.

(iv) The production inputs, which are necessary for production to take place.

(v)   A level of production which uses raw materials produced to produce other goods that will satisfy human needs.

  1. Production
  2. Factors of production
  3. Secondary production
  4. Indirect production
  5. Direct production
  6. Tertiary production
  7. Primary production

3. (a) For each of the following statements (i) –(x), write True if the statement is correct or False if the statement is not correct in the space provide.

(i)     Air transport is most suitable for transporting Tanzanite minerals from Arusha to Dar es Salaam………

(ii)  Some of the entrepreneurs exit from the market as an outcome of improper planning………..

(iii) Warehousing increases the quality of some goods such as alcohol if stored over long time……….

(iv) Mr. Biashara is a wholesaler because he bought 100 bags of cement from Cement Industry for construction of his house…………………

(v)   Economic deals with allocation of scarce resources to satisfy human needs and wants…………

(vi) The presentation of quantity supplied in relation to price in graph presents supply schedule…..

(vii)    The success of entrepreneurial business is an external motivation to an entrepreneur…….

(viii)  Low establishment cost is one of the factors that cause an increase in number of road side sellers in Tanzania……..

(ix)  Tanzania use pipe line mode of transport in transporting gas from Mtwara to Dar es Salaam…..

(x)  The rate of stock turn helps the business owner to determine the value of gross profit in a given period.

  (b) Complete the following sentences by filling in the blanks with the correct word(s)

(i)     Under which factor of production the machine bought for production purpose is categorized?

(ii)  The wholesaler’s function which involves bulk buying and promptly payment to manufacture is called?

(iii) The process of keeping goods or raw materials for future use in the warehouse is referred to as?

(iv) A person who initiates the business idea is called?

(v)   The demand for the commodities that are used together such as cars and fuel is grouped as?

SECTION B (30 Marks)

Answer all questions in this section.

4. (a) What is transportation? Give one example of transportation at your surroundings.

……… ……………… ………… …………… …………………………… ……………  …………

(b) With examples, briefly explain four elements of transports.

(i)     ………………………… ………………………………

(ii)  ………………………… ………………………………

(iii) ………………………… ……………………………… 

(iv) ………………………… ………………………………

 5. Describe five functions of an entrepreneur.

(i)     …………………………… …………………………………

(ii)  …………………………… ………………………………… 

(iii) …………………………… …………………………………

(iv) …………………………… …………………………………

(v)   …………………………… ………………………………….

 
 
SECTION C ( 40 Marks)

Answer all questions in this section

6. (a) Describe the term channel of distribution and draw a diagram to show the middlemen involved in the channel of distribution of manufactured goods.

  (b) Explain four forms of channel of distribution of manufactured goods.

(i)     ……………………… …………………… …………………… ………

(ii)  …………………… ……………………… …………………… ………

(iii) …………………… ……………………… ……………………… ……

(iv) …………………… …………… …………… ………………… ………

 7. Explain four advantages and two disadvantages of warehousing.

LEARNINGHUBTZ.CO.TZFORM TWO COMMERCE EXAM SERIES 25

THE PRESIDENT’S OFFICE MINISTRY OF EDUCATION, LOCAL ADMINISTRATION AND LOCAL GOVERNMENT

COMMERCE- TERMINAL EXAMINATION-MAY

FORM TWO

TIME: 2HRS                                                             2020

NAME:____________________________________CLASS:___________

INSTRUCTIONS

  • Answer all questions

SECTION A.  (30 MARKS)

1. For each of the following questions write the letter of the correct answer

i)  The main purpose of commerce is to

  1. Make profit
  2. Help customers
  3. Help manufacturers
  4. Bridge the gap between producers and consumers

ii) Which of the following function is not normally done by the wholesalers?

  1. Breaking the bulk
  2. Selling goods to customers
  3. Marketing research
  4. Buying goods from producers

iii) The following is not an advantage of specialization and division of labour

  1. Decrease in production
  2. Increase in production
  3. Achievements of expertise
  4. Time saving

iv) Making goods for one’s own use is termed as

  1. Self service
  2. Direct production
  3. Self-employment
  4. direct service

v) Bread and butter, tea and sugar illustrate the type of interrelated demand known as

  1. joint demand
  2. composite demand
  3. competitive demand
  4. consumer demand

vi) Which of the following is not an aid to trade?

  1. Transporting
  2. Banking
  3. Insurance
  4. Retailing

vii) Production process ends when

  1. Manufacturing process ends
  2. Goods reach final consumers
  3. Goods reach the retail shops
  4. Goods are stored in a warehouse

viii) It is a level reached after receiving new delivery

  1. Retailer average stock
  2. Minimum stock
  3. Maximum stock
  4. Stock administration

ix) Management of stock in the warehouse is known as:

  1. Stock valuation
  2. Stock control
  3. Stock taking
  4. Stock administration

x) The abbreviation C.W.O on an order form means

  1. Cash on delivery
  2. Customer warehouse order
  3. Cash with order
  4. Come with order

2. Match the items in column A with responses in column B by writing the letter of the correct responses besides the item number in the answer sheet provided

COLUMN A

(i).   …………   a number of single shops under one roof and one managements

(ii).   ………….  Are number of shops owned and managed by one concern stock the same class of merchandise and often similar in appearance

(iii).   ……….Type of single shops which sells the product of one manufacturer only

(iv).   ………… self-service retail outlets

(v).   ………….  Large shopping complex comprising the variety of business managed by different people all housed in one building 

COLUMN B

  1. Hire purchase
  2. Supermarkets
  3. Hypermarket
  4. Departmental stores
  5. Co-operative shops
  6. Multiple shops
  7. Deferred payments
  8. Tied shops
  9. Roadside sellers
  10. Hawkers

3. Write “T” for a true statement and “F” for a false statement in the space provided  beside  each  item .

(i)  Advertising is an aid to trade which means the transmitting of information from one point to another ……………………..

(ii)  Wages is the reward for labour……………

(iii) The movement of people and goods from one place to another is called Transportation……………………….

(iv) Chain of distribution is the ways through which goods flow from manufacturers to the final consumers……………..

(v) The graphical representation of demand schedule is called Elasticity…………

(vi) Invoice is a document issued when goods have been bought or sold on credit………………..

(vii)  Private warehouse is a place where imported goods are kept while waiting for the payment of custom duty…………………….

(viii) Indirect production is the production for one’s own use……………………

(ix)  Average stock is the number of times the average stock held turn over during a period………………………………..

(x)   Stock administration is the quantity of a certain supply that should always be in a stock to safeguard sales against unforeseen delays in delivery………………..

SECTION B (30 MARKS)

5. Form two commercial students wants to establish retail shops, advise them by having five factors to be considered when establishing a retail shop

6. Entrepreneurship plays a vital role in industrial development.  Outline any five characteristics of an entrepreneur.

SECTION C (40 MARKS)

7. Complete the following table, show all your workings

 

Opening stock

Closing stock

Net purchases

Cost of sales

Net sales

Gross profit

Average stock

Rate of stock turnover

(a)

12,000

15,000

82,000

74,000

98,200

(i)

13,500

(ii)

(b)

(iii)

24,000

76,000

80,000

(iv)

32,000

(v)

(vi)

(c)

20,000

(vii)

210,000

(viii)

241,000

41,000

25,000

8

(d)

28,000

22,000

(ix)

(x)

300,000

75,000

25,000

9

 

ITEM

i

ii

iii

iv

v

vi

vii

viii

ix

X

ANS

 

 

 

 

 

 

 

 

 

 

 8. Explain the five (5) factors that determine change in demand

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