FORM FOUR COMMERCE NECTA MULTIPLE CHOICE(2005-2018)
FORM FOUR COMMERCE MULTIPLE CHOICE 2019

THE UNITED REPUBLIC OF TANZANIA

NATIONAL EXAMINATIONS COUNCIL OF TANZANIA CERTIFICATE OF SECONDARY EDUCATION EXAMINATION

061       COMMERCE

(For Both School and Private Candidates)

Time: 3 Hours            Friday, 08th November 2019 p.m.

Instructions

  1. This paper consists of sections A, B and C with a total of ten (10) questions.
  2.  Answer all questions in sections A and B and two (2) questions from section C. 
  3. Cellular phones and any unauthorized materials are not allowed in the examination room.
  4.  Write your Examination Number on every page of your answer booklet(s).

SECTION A (20 Marks)

Answer all questions in this section.

l . For each of the items (i) (xv), choose the correct answer from among the given alternatives and write its letter besides the item number in the answer booklet provided.

(i) Suppose you have bought medicine from India and they are urgently needed to serve the life of patients in Tanzania, which mode of transport would you consider to be appropriate ?

  1.  Road transport 
  2. Air transport 
  3. Water transport 
  4. Railway transport 
  5. Pipeline transport


(ii) If you have imported a used car from Japan, which document will be issued to you by the exporter that helps you to sort out customs formalities before the arrival of the car? 

  1. Price list 
  2. Delivery note 
  3. Quotation
  4. Proforma invoice  
  5. Invoice


(iii) Under which classification the services provided by teachers, lawyers and police to their customers are categorized?

  1.  Direct services 
  2. Auxiliary services 
  3. Personal services 
  4. Public services 
  5. Indirect services


(iv) The following are functions of production department in management except:

  1.  controlling the quality of goods produced in production department.
  2. maintaining the quality of machines in the production department.
  3. developing and implementing production plans.
  4. preparation of budget for activities carried in the department. 
  5. recruiting members of staff for production department.


(v) By using the theory of demand, which factor influences the buying decision of a consumer?

  1. Number of producers 
  2. Preference and taste 
  3. Level of technology 
  4. Cost of production 
  5. Availability of capital


(vi) You have been engaged in selling fresh beans business and you want to increase sales through advertising. Which factor will you consider in advertising your product?

  1.  The income of the competitors.
  2.  The steady supply of the products to be advertised.
  3.  The income tax to be charged on the products.
  4.  The nature of the product to be advertised.
  5.  The purchasing power of your customer.


  (vii) Why a bill of lading is used as the evidence of contract between the exporter and the shipping company?

  1.  It contains the details of the goods loaded in the ship.
  2.  It shows the country from where the imported goods originates.
  3.  It bears the name of the sender and the receiver of the goods.
  4.  It shows the transport chargers the exporter paid to shipping company. 
  5. It shows the value of the goods shipped.


(viii) There are several ways through which financial institutions raise their capitals. Which financial institutions raises its capital through selling shares to the public?

  1.  Central bank 
  2. Development banks 
  3. Co-operative banks 
  4. Commercial banks 
  5. Saving banks


(ix) Ms. Magangas total sales during the year 201 8 was Tsh. 160 If her gross profit was 20% of sales, what was the cost of goods sold during the year?

  1.  Tsh. 128,000/=
  2.  Tsh 32,000/=
  3. Tsh. 160,020/= 
  4. Tsh.  160,000/=
  5. Tsh. 192,000/-


(x) Why Tanzania Revenue Authority (TRA) insists on the use or Electronic Fiscal Device (E.F.D) machine?

  1.  It transmits tax information to tax authority system automatically.
  2.  It transmits only sales records to tax authority system automatically.
  3. It enables the government to obtain income from selling E.F.D machines.
  4. It reduces tax burden to all tax payers.
  5. It reduces tax burden to businessmen.


(xi) Which factor of production is characterised by value appreciation?

  1.  Capital 
  2. Labour 
  3. Land 
  4. Entrepreneurship 
  5. Machine


(xii) 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 bodies.


(xiii) Which set presents large scale retailers?

  1.  Mobile shops, multiple shops and single shops.
  2.  Super markets, tied shops and mobile shops.
  3.  Multiple shops, super markets mail order shops.
  4. Tied shops, mail order shops and super markets.
  5.  Single shops, multiple shops and departmental stores.


(xiv) Suppose a Form One commerce student asked you about the best way of describing the term commerce. Which of the following is the best response that you could give?

  1.  Commerce deals with distribution of goods to final users.
  2.  Commerce deals with exchange of goods and services.
  3.  Commerce deals with exchange and distribution of goods and services.
  4.  Commerce deals with exchange of goods and services within the country. 
  5. Commerce deals with exchange of goods and services outside the country. 


(xv) What is the correct term of insurance to be used when an insurer decide to spread part of the risks of high valuable items insured to other insurers?

  1. Double insurance 
  2. Over insurance 
  3. Re-insurance 
  4. Under insurance 
  5. Co-insurance


FORM FOUR COMMERCE MULTIPLE CHOICE 2018

THE UNITED REPUBLIC OF TANZANIA NATIONAL EXAMINATIONS COUNCIL OF TANZANIA

CERTIFICATE OF SECONDARY EDUCATION EXAMINATION

061 COMMERCE

(For Both School and Private Candidates)

Time: 2:30 Hours Tuesday, 13th November 2018 p.m. 

 Instructions

  1. This paper consists of sections A, B and C with a total of ten (10) questions.
  2. Answer all questions in sections A and B and two (2) questions from section C.
  3.  Calculators, cellular phones and any unauthorized materials are not allowed in the examination room.
  4. Write your Examination Number on every page of your answer booklet(s).

  SECTION A (20 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 beside the item number in your answer booklet provided.

 (i)  Which of the following is not a characteristic of itinerant traders?

  1. They may operate as regular dealers throughout the year.
  2. They operate with a minimum of the establishment expenses.
  3. They operate only alongside the main roads.
  4. They operate their business without fixed premises. 
  5. They operate with a very small amount of capital.


(ii)  The basic factors of production comprises the following:

  1.   land, labour and organization.
  2.  land, labour, organization and capital.
  3.  land, organization and capital.
  4.  land, labour and capital.
  5.  land, organization, capital and production.


(iii) The inquiry letter may not be answered by one of the following:

  1. by sending a catalogue. 
  2.  by sending a price current.
  3. by sending an invoice. 
  4.  by sending a list price.
  5.  by sending a quotation.


(iv) Which of the following statements is true?

  1.   Economics is a branch of commerce.
  2.  Economics is a branch of production.
  3. Commerce is a branch of economics.
  4.  Commerce is not a branch of production.
  5.   Production is a branch of commerce.


(v) Why does advertising become a burden to the users of the product?

  1.   It increases production.
  2.  It increases the final price.
  3. It reduces quality of the product.
  4. It reduces the choice of the customers. 
  5. It increases the turnover.


 (vi)  Which of the following statements represents indirect service?

  1.   A farmer produces maize for her personal use.
  2. A factory worker produces shoes for his customers.
  3.   Retailer sales goods to his customers.
  4.  Wholesaler sales goods to his customers.
  5.  A doctor provides treatment to his customers.


(vii) Which one of the following is not among the limitations of insurance?

  1.   Losses must be accidental 
  2.  Losses must be catastrophic. 
  3.  Losses must be compensated 
  4.  Losses must be of similar risks 
  5.  Losses must be reasonably unexpected.


 (viii) The five main functions of stock administration include:

  1.   receiving, placing of items, selling, care of stock and issuing.
  2.  receiving, placing of items, care of stock, issuing and stock control.
  3.  receiving, issuing, stock control, stock care and dusting of items.
  4.  receiving, issuing, stock control, stock level and placing of items.
  5.  receiving, issuing, placing of items, dusting and sorting of spoilt items.


(ix)  The tax system whose rate remains constant irrespective of change in income or property is referred to as

  1. Direct tax 
  2.  Proportional taxation
  3. Indirect tax 
  4.  Progressive taxation
  5.  Regressive taxation.


(x)  Movement alongside the supply curve is caused by

  1.  change in price of the commodity
  2.  change in quantity demanded
  3. increase in price of the commodity 
  4.  decrease in price of the commodity 
  5.  increase in quantity supplied.


FORM FOUR COMMERCE MULTIPLE CHOICE 2017

(i)                 Which of the following is not a major goal of planning in business?

  1.   To gain economic operation
  2. To focus attention on objectives
  3. To facilitate control
  4. To maintain profits
  5. To offset uncertainty and change


(ii)               Marine insurance policy which do not specify the subject matter insured is referred to as

  1. time policy 
  2.  cargo policy.
  3.  floating policy 
  4. mixed policy
  5. voyage policy


(iii)             Which of the following is the disadvantage of mail order business?

  1. There is limited range of goods
  2.   Middlemen can be eliminated
  3. Trade is carried out 24 hours
  4. Not necessary to maintain a big shop
  5. No shop assistants are employed


(iv)              The traders who buy goods from abroad in their own name and sell them locally are called

  1.  import commission agents   
  2.   import argents.
  3. import merchants 
  4.  import brokers
  5.  importers’ argents.


(v)                A certificate of incorporation is a document that

  1. governs the relationship of the company with outsiders.
  2. empowers the company to commence business activities.
  3.   gives a company a legal existence.
  4.  lays down rules and regulations of the internal organization of a company. 
  5.  invites offer from the public for subscription of shares of a company.


(vi)              Which of the following is not the aim of marketing boards?

  1. Finding a satisfactory market.
  2. Stabilizing prices of agricultural products.
  3. Ensuring a steady supply of the commodity all through.
  4.  Encouraging competition between marketing boards.
  5. Assisting farmers with collection and storage of their produce.


(vii)            The warehouses which are situated at terminals of railway, air ports and sea ports are known as

  1. public warehouse. 
  2.  bonded warehouse 
  3. wholesaler’s warehouse 
  4.  manufacture’s warehouse. 
  5.  private warehouse.


(viii)          A special crossing is a type of crossed cheque which consists of 

  1. two parallel lines with no words between them.
  2. two parallel lines with words ‘and Company’ between them
  3. two parallel lines with drawee’s name between them 
  4.  two parallel lines with drawer’s name between them
  5. two parallel lines with endorser’s name between them.


(ix)              An insurance principle which restored the insured to the same position after the event is known as

  1.  Insurable interest.   
  2.  Utmost good faith.
  3. Subrogation.   
  4. Contribution.
  5. Indemnity.


(x)                What are the two main stages in production?

  1. Direct production and indirect production.
  2. Direct production and secondary production.
  3.  Commerce and industry.
  4.  Primary and secondary industries.
  5. Trade and industry.


FORM FOUR COMMERCE MULTIPLE CHOICE 2016

THE UNITED REPUBLIC OF TANZANIA NATIONAL EXAMINATIONS COUNCIL

CERTIFICATE OF SECONDARY EDUCATION EXAMINATION

061 COMMERCE

(For Both School and Private Candidates)

Time: 2:30 Hours Friday, 11th November 2016 p.m.

Instructions

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

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

  3. Calculators and cellular phones are not allowed in the examination room.

  4. Write your Examination Number on every page of your answer booklet(s).

SECTION A (20 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 beside the item number in your answer booklet.

(i) Goods can mainly be classified as

  1.  durable goods and perishable goods
  2.  consumer goods and producer goods
  3.  consumer goods and economic goods
  4.  producer goods and free goods
  5.  producer goods and economic goods.


(ii) A cheque which is presented to the payee before the date on it is called

  1.  dishonoured cheque 
  2.  crossed cheque
  3.  stale cheque
  4.  post-dated cheque
  5.  open cheque.


(iii) Which one of the following is the disadvantage of departmental store to the seller?

  1.  Wide choice of products.
  2.  Convenience in shopping.
  3.  Extensive use of advertising.
  4.  Careful selection of goods.
  5.  Services to customers.


(iv)The main reason for the existence of public corporations is to

  1.  maximize profits for distributions to members of the public
  2.  provide certain essential services to members of public
  3.  enlighten the public on how to conduct their business
  4.  sell shares to members of the public
  5.  to distribute loss made by corporations to members of the public.


(v) Bi-lateral trade in international trade means

  1.  a country has a greater part of her foreign trade with only one country.
  2.  a country has a greater part of her foreign trade with only two countries.
  3.  a country has a greater part of her foreign trade with several countries.
  4.  a country has a greater part of her export trade to only one country.
  5.  a country has a greater part of her import trade from several countries.


(vi) The capital employed is obtained by

  1.  adding current assets to current liabilities
  2.  adding current assets to total liabilities
  3.  adding total assets to total liabilities
  4.  adding total assets to working capital
  5.  adding total liabilities to working capital.


(vii) A life assurance policy where an assured person promises to pay premium for a specified number of years is called

  1.  Whole life policy
  2.  Endowment policy
  3.  Annuity policy
  4.  Family income policy
  5.  Group life policy.


(viii) Which one of the following is not an important clause of a charter party?

  1.  The parties to the agreement.
  2.  The cargo to be carried.
  3.  The freight to be paid for the voyage.
  4.  The terms of the voyage.
  5.  The passengers to be carried.


(ix) Which document is to be sent by the exporting country showing the list of goods needed to the importer who buy goods through an agent?

  1.  letter of credit
  2.  Bill of lading
  3.  Certificate of origin
  4.  An indent
  5.  Bill of exchange.


(x) Which of the following is the correct form of transport?

  1.  Water, land and air.
  2.  Water, land and railway.
  3.  Water, air and road.
  4.  Sea, railway and air.
  5.  Land, lakes and air.


FORM FOUR COMMERCE MULTIPLE CHOICE 2015

THE UNITED REPUBLIC OF TANZANIA NATIONAL EXAMINATIONS COUNCIL

CERTIFICATE OF SECONDARY EDUCATION EXAMINATION

061 COMMERCE

(For Both School and Private Candidates)

Time: 2:30 Hours Friday, 10th November 2015 p.m.

Instructions

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

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

  3. Calculators and cellular phones are not allowed in the examination room.

  4. Write your Examination Number on every page of your answer booklet(s).

SECTION A (20 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.

(i) A document which serves as an invitation to the general public to buy shares is called:

  1. Memorandum of Association
  2. Articles of Association
  3. Prospectus
  4. Certificate of trading
  5. Certificate of incorporation


(ii) Why is a debit note issued?

  1. To correct any error in an invoice
  2. To correct an undercharge in an invoice
  3. To correct an overcharge in an invoice
  4. To correct an overcharge in an account
  5. To correct an undercharge in an account


(iii) Which principle is applied when a country decides to produce goods or services that bring a greatest advantage to the country?

  1. Absolute advantage
  2. Competitive advantage
  3. Comparative advantage
  4. Cooperative advantage
  5. Continuous advantage


(iv) Find the price elasticity of demand using proportionate change method for maize when demand falls from 800kg to 600kg due to increase in price from shs 40 per kg to shs 60 per kg.

  1. 3/4
  2. -3/4
  3. 20/21
  4. -20/21
  5. 1/2


(v) Which of the following should not be considered when communicating?

  1. The source of communication
  2. The consent of the message
  3. The process by which the communication is produced
  4. The evidence of communication
  5. The method by which it is transmitted


(vi) Production can generally be classified as:

  1. constructive, extractive and manufacturing industries
  2. industries, commerce and direct services
  3. industries, trade and aids to trade
  4. home trade, aids to trade and direct services
  5. foreign trade, aids to trade and direct services


(vii) A document showing the details of commodity sent and its total value which the receiver will have to pay is known as

  1. Consignment note
  2.  Delivery note
  3. Invoice  
  4. Proforma invoice
  5.  Consular invoice


(viii) Which of the following canons of taxation shows clearly the amount to be paid to the state by the tax payer?

  1. Convenience 
  2. Equity
  3. Certainty   
  4. Economy
  5. Productivity


(ix) Ex works is a price quotation which presents the cost of goods as they leave the:

  1. bonded warehouse premises
  2. manufacturers premises
  3. port of destination
  4. port of loading
  5. public warehouse premises


(x) The bank that issues the legal tender currency in any country is

  1. Commercial banks
  2. Central bank
  3. Investment bank
  4. Bank of Tanzania
  5. National Bank of Commerce


FORM FOUR COMMERCE MULTIPLE CHOICE 2014

THE UNITED REPUBLIC OF TANZANIA NATIONAL EXAMINATIONS COUNCIL CERTIFICATE OF SECONDARY EDUCATION EXAMINATION

061 COMMERCE

(For Both School and Private Candidates)

Time: 2:30 Hours Friday, 14thNovember 2014 p.m.

Instructions

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

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

3.Calculators and cellular phones are not allowed in the examination room.

4.Write your Examination Number on every page of your answer booklet(s).

SECTION A (20 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 beside the item number in your answer booklet.

(i) Advertising is important because it mainly

  1. creates the demand for the goods and services
  2. creates employment for a large number of people
  3. reduces the price of goods and services
  4. induces customers to buy goods that have minor defects
  5.  creates the demand for the goods of low quality.


(ii) Which of the following are the major sources of partners’ capital?

  1. Financial institutions.
  2. Trade credit from suppliers.
  3. Profit from the business.
  4. Business properties sold.
  5. Hire purchase.


(iii) Which one of the following statements is true of a sole trader?

  1. He is legally separate entity from the business.
  2. He has limited liability.
  3. His business has unlimited legal life.
  4. He makes decisions with other co­partner.
  5. He enjoys all the profits and suffers all the losses.


(iv) The main reason for the existence of public corporations is to

  1. maximize profits for distributions to members of the public
  2. provide certain essential services to members of public
  3. enlighten the public on how to conduct their business
  4. sell shares to members of the public
  5. to distribute loss made by corporations to members of the public.


(v) Which one of the following documents is used by a buyer to gather information from the seller?

  1. An order.
  2. An invoice.
  3. A statement.
  4. A delivery note.
  5. An inquiry.


(vi) Road transport is used mainly as as a method of carrying goods within the country because it is the

  1. cheapest form of transport
  2. quickest form of transport
  3. most widely available form of transport
  4. most reliable form of transport
  5. safe mode of transport.


(vii) Which one of the following is a method used by government to protect consumers?

  1. Fixing minimum prices.
  2. Fixing maximum prices.
  3. Fixing minimum profits.
  4. Fixing maximum profits.
  5. Fixing minimum and maximum prices.


(viii) A debit note is used to correct 

  1.  undercharge on an invoice
  2. overcharge on an invoice
  3. undercharge on a statement
  4. overcharge on a statement
  5. undercharge on an order.


(ix) Which of the following activities cannot be classified as productive?

  1. Working as a cook in your own house.
  2. Playing hockey as a professional.
  3. Working as a cook in a restaurant.
  4. Playing cards as a hobby.
  5. Building house of a neighbour.


(x) Which of the following reasons does not justify the existence of parastatal enterprises?

  1.  To provide goods and services not being provided by the private sector.
  2. To enable the government to control the distribution of certain commodities.
  3. To enable the government to control the profits earned by the private enterprises.
  4. To provide goods and services at relatively fair prices.
  5. To control exploitation of the individuals by the private sector.


FORM FOUR COMMERCE MULTIPLE CHOICE 2013

THE UNITED  REPUBLIC  OF  TANZANIA NATIONAL EXAMINATIONS  COUNCIL

CERTIFICATEOF SECONDARY EDUCATION EXAMINATION

061         COMMERCE

(For Both School and Private Candidates)

Time: 2:30 Hours Friday, 15th November 2013 p.m.

Instructions

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

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

3. Calculators and Cellular phones are not allowed in the examination room.

4. Write your  Examination Number on every page of your answer booklet(s).

SECTION A (20 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  beside  the  item number.

(i) An over draft exists when

  1.  a  current  account  shows  deposits  without  withdrawals 
  2.  a current account shows  more  deposits  than  withdrawals 
  3.  a  loan  has  been granted by a bank  to  a  customer
  4.  the balance in current  account  falls  below  the  specified  amount
  5.  a current account shows larger  amount of withdrawals than deposits.


(ii) Which one of  the following statement is NOT true about a bill of exchange?

  1.  It  must  be  accepted  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 can be paid at a stated future date.


(iii) The  principal  document  in   an insurance  contract  is

  1.  Policy. 
  2.  Cover note.
  3.  Proposal form.
  4.  Certificate.
  5.  Premium.


(iv) If employer wishes to pay a number of employees with one cheque he may use

  1.  standing  order
  2.  credit  transfer
  3.  traveller’s cheque
  4.  credit card
  5.  money order.


(v) A credit note is issued  to  correct 

  1.  any error in an invoice 
  2.  an overcharge in an invoice
  3.  an  undercharge  in  an  invoice
  4.  an  overcharge in a statement
  5.  an  undercharge in a statement.


(vi) The function with is  NOT usually performed by a retailer is

  1.  Transport  goods. 
  2.  Storage of goods.
  3.  Advice to customer.
  4.  Changing the form of goods.
  5.  Selling goods to the wholesaler.


(vii) The most suitable type of account for a businessman is

  1.  A  savings  account. 
  2.  A current account.
  3.  A deposit account.
  4.  A contract saves account.
  5.  A company  account.


(viii) The list of documents prepared in the course of commercial transaction in the right order of  being  raised  is

  1.  Order,  inquiry, quotation, invoice, statement, receipt.
  2.  Quotation,  inquiry,  invoice,  order,  cheque,  statement.
  3.  Inquiry,  quotation,  order,  invoice,  statement,  cheque
  4.  Quotation,  inquiry,  order,  invoice, cheque,  statement.
  5.  Inquiry,  order, quotation, invoice, statement, cheque.


(ix) The group which represents a broad classification of human occupations is

  1.  Commerce, production and aids to trade.
  2.  Trade and aids to trade.
  3.  Banking, insurance and transportation. 
  4.  Extractive, manufacturing and constructive industries.
  5.  Industrial  and  tertiary.


(x) If Tanzania exports more goods to Uganda than she imports from the same country, her balance  of 

  1.  trade is favourable
  2.  trade  is  unfavourable
  3.  payment is favourable 
  4.  payment is  unfavourable
  5.  trade and  payment are favourable


  6. FORM FOUR COMMERCE MULTIPLE CHOICE 2012

    THE UNITED REPUBLIC OF TANZANIA NATIONAL EXAMINATIONS COUNCIL

    CERTIFICATE OF SECONDARY EDUCATION EXAMINATION 

    061  COMMERCE

    (For Both School and Private Candidates)

    Time: 2:30 Hours  Monday, 15th October 2012 p.m.

    Instructions

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

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

    3. Calculators are not allowed in the examination room.

    4. Cellular phones 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 in this section.

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

    (i) When a visible imports exceed visible exports, a country is said to have

    1.  a favourable balance of trade
    2.  a favourable balance of payment
    3.  unfavourable balance of trade
    4.  unfavourable balance of payment
    5.  unfavourable balance of payment and trade


    (ii) Which of the following is the basic feature of all multiple shops?

    1.  Numerous departments.
    2.  High prices of goods sold.
    3.  Similar goods sold in all departments.
    4.  Different goods sold in all departments.
    5.  Goods are sold under one roof.


    (iii) Consumer goods are best defined as goods that

    1.  are bought and sold in shops 
    2.  are needed for direct satisfaction
    3.  help to produce other goods 
    4.  are consumed by human beings 
    5.  are provided by nature.


    (iv) A marketing board is a board set up to

    1.  advise co-operatives only
    2.  deal with exports
    3.  buy goods from importers and sell them
    4.  buy products from producers and sell them
    5.  export manufactured goods.


    (v) Which of the following is the benefit of sole traders over limited companies?

    1.  They have unlimited liability.
    2.  They do not pay VAT.
    3.  They find it easier to raise capital.
    4.  They make decisions quickly.
    5.  They have no risks associated with their personal assets.


    (vi) Which of the following industries are concerned with obtaining raw materials from natural resources?

    1.  Constructive industries. 
    2. Manufacturing industries.
    3. Building industries. 
    4. Mining industries.
    5. Extractive industries.


    (vii) Which of the following is NOT necessary for the development of commerce in a country?

    1. Increased industrial production. 
    2. Improved transport system
    3. Direct production of goods. 
    4. Extensive advertising. 
    5. Improved banking system.


    (viii) The list of documents prepared in the course of commercial transaction in the right order of being raised is

    1. Can be exchanged for gold at the Bank of Tanzania.
    2. Can be tendered in payment of debt
    3. Can be refused by creditor who would prefer a cheque 
    4. Can be printed by any commercial bank. 
    5. Can be printed by any internal bank.


    (ix) A letter of credit is sent by

    1. exporter’s bank to a correspondent bank
    2. improter’s bank to a correspondent bank
    3. importer to exporter
    4. a central bank to a correspondent bank
    5. importer’s agent to the exporter’s agent.


    (x) An advalorem tax is an indirect tax collected

    1. per unit of goods regardless of the value
    2. on home produced goods according to the value
    3. directly from consumers’ incomes
    4. on each good according to the value
    5. on goods from abroad according to the value.


    FORM FOUR COMMERCE MULTIPLE CHOICE 2011

    THE UNITED REPUBLIC OF TANZANIA NATIONAL EXAMINATIONS COUNCIL

    CERTIFICATE OF SECONDARY EDUCATION EXAMINATION

    061 COMMERCE

    (For Both School and Private Candidates)

    Time: 2:30 Hours Friday, 11th November 2011 p.m.

    Instructions

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

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

    3. Calculators and cellular phones are not allowed in the examination room.

    4. Write your Examination Number on every page of your answer booklet(s).

    SECTION A (20 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 beside the item number.

    (i) Variable cost is that which varies with: 

    1.  technology  
    2.  output
    3.  input    
    4.  position
    5.  time


    (ii) One method of discouraging imports is to:

    1. remove tariffs system
    2. encourage free trade
    3. impose high taxes on exports
    4. remove tax on imports
    5. impose high tariffs on imports


    (iii) Which of the following documents govern the companys relationship with the outside world?

    1. Prospectus
    2. Memorandum of association
    3. Articles of association
    4. Certificate of incorporation
    5. Certificate of trading


    (iv) The surrender value of a life assurance policy is:

    1. the minimum value of an insurance cover
    2. a penalty payable for late payment of the premium
    3. the amount received if the policy is cashed before maturity date
    4. the amount paid by the insurance company in case of accident
    5. the amount of premium paid by insured every month


    (v) There is a derived demand for a commodity or service when it is demanded:

    1. as a substitute commodity
    2. for consumption
    3. for production purpose
    4. for selling
    5. as a result of a need for another commodity


    (vi) A nominal partner is the one who:

    1. takes an active part in the management
    2. is not entitled to any profit
    3. is liable for the debt of the firm
    4. bears loss only to stated sum 
    5. does not contribute capital


    (vii) The production process of goods is said to create utility if the:

    1. manufacturing process is completed
    2. goods reach retailers shops
    3. goods reach the final consumer
    4. goods are kept in a warehouse
    5. raw materials are changed to semi-raw materials


    (viii) One among the following is NOT a function of the Bank of Tanzania (BoT):

    1. It acts as a banker to commercial banks
    2. It is the sole currency issuing authority
    3. It advises the government on financial matters
    4. It lends money to the discount house if there is no other source
    5. It provides banking facilities to parastatal bodies


    (ix) In a progressive taxation system:

    1. low income earners pay less tax as their income increases
    2. higher income earners pay less tax as their income remains constant
    3. low income earners pay more taxes as their income decreases
    4. higher income earners pay more taxes as their income increases
    5. all income earners can negotiate for their taxation


    (x) Which of the following is a feature of a del-credere agent?

    1. Receives longer credit terms from his principals
    2. Obtains higher commission as he guarantees payments for goods sold
    3. Handles only imported goods of high standing
    4. Is given credit from his principals but sells only against cash
    5. Receives brokerage charge from his principals


    FORM FOUR COMMERCE MULTIPLE CHOICE 2010

    THE UNITED REPUBLIC OF TANZANIA NATIONAL EXAMINATIONS COUNCIL

    CERTIFICATE OF SECONDARY EDUCATION EXAMINATION

    061 COMMERCE

    (For Both School and Private Candidates)

    Time: 2:30 Hours November 2010 p.m.

    Instructions

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

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

    3. Calculators and cellular phones are not allowed in the examination room.

    4. Write your Examination Number on every page of your answer booklet(s).

    SECTION A (20 Marks)

    Answer all questions in this section.

    1. For each of the items (i) - (ii) choose the correct answer from among the given alternatives and write its letter beside the item number.

    (i) Which one among the following statements is true as far as Commerce is concerned?

    1. Commerce deals with communication.
    2. Commerce deals with specialization and division of labour.
    3. Commerce is a branch of Economics which deals with production.
    4. Commerce deals with exchange and distribution of goods and services.
    5. Commerce deals with production and specialization.


    (ii) The functions of wholesalers are:

    1. financing, source of information, selling goods to retailers, storage and transport
    2. source of information, financing, selling goods to wholesalers and storage transport, storage and financing
    3.   
    4. storage, transport, selling goods to retailers
    5. selling goods to retailers, storage and transport


    (iii) When a business concern becomes insolvent, this means that:

    1. it has been taken over by another business concern
    2. it can pay dividends to preference shareholders only
    3. it has a big bank overdraft
    4. it stops to operate right away
    5. it cannot its creditors


    (iv) Banks make regular payments on behalf of their customers by means of:

    1. standing order
    2. cheques
    3. bankers draft
    4. telegraphic transfer
    5. credit transfer


    (v) Which one of the following is not a service that a retailer provides to consumers?

    1. Extending credit to consumers
    2. Giving out a variety of choice on goods demanded by consumers
    3. Making research on consumers demand for a good
    4. Making delivery of goods near the homes of consumers
    5. Providing after-sale services for certain classes of goods


    (vi) The head office of a certain firm with all communication facilities is in need of conveying an urgent and detailed message to one of the distant branches.

    Which one among the following facilities would be the most suitable to use?

    1. Telex service
    2. Telegram
    3. Registered surface letter
    4. Air mail letter
    5. DHL service


    (vii) The quickest method of remitting money through the post office is by:

    1. cheque
    2. money order
    3. postal order
    4. telegraphic money order
    5. cash in a registered envelope


    (viii) The following policy covers losses on a particular route for a specific period:

    1. Voyage policy
    2. Floating policy
    3. Mixed policy
    4. Time policy
    5. Cargo policy


    (ix) Which of the following is not true about the characteristics of services?

    1. Are not tangible
    2. Can be separated from their providers
    3. Are highly perishable
    4. Price paid is for experience received not ownership
    5. Can not be stored for future use


    (x) The amount given to shareholders as their share of profit of the company is:

    1. interest
    2. capital gain
    3. dividend
    4. retained profit
    5. salaries


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