FORM FOUR COMMERCE NECTA MULTIPLE CHOICE(2005-2018)
FORM FOUR COMMERCE MULTIPLE CHOICE 2024

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 Year : 2024

Instructions 

  1. This paper consists of sections A, B and C with a total of eleven (11) questions.
  2. Answer all questions in sections A and B and two (2) questions from section C.
  3. Section A carries sixteen (16) marks, section B fifty four (54) marks and section C carries thirty (30) marks.
  4. All writing must be in black or blue ink.
  5. Communication devices and any unauthorised materials are not allowed in the examination room.
  6. Write your Examination Number on every page of your answer booklet(s).

SECTION A (16 Marks)

Answer questions in this question.

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

(i) The following are the roles of an entrepreneur except:

  1. Bringing together various factors of production.
  2. Exploiting new sources of raw materials and capital.
  3. Identifying opportunities.
  4. Assuming the uncertainty of future.
  5. Promoting obsolete technologies, product and service.

(ii) Which of the following are examples of direct taxes?

  1. Income tax, Corporate tax and Value added tax (VAT)
  2. Custom duty, Excise duty and Pay As You Earn (PAYE)
  3. Pay As You Earn (PAYE). Cooperate tax and capital gain tax
  4. Capital gain tax, Income tax and Sales tax
  5. Value Added Tax (VAT). Import duty and Property tax

(iii) Which one is an advertising media which covers a wider geographical area?

  1. Television
  2. Website
  3. Radio
  4. Newspapers
  5. Outdoor publicity

(iv) Which means of transport is safe and convenient to transport petroleum?

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

(v) A type of supply that involves the supply of goods which are produced together is known as

  1. joint supply
  2. composite supply
  3. derived supply
  4. competitive supply
  5. inelastic supply

(vi) Mrs. Maneno owned a tailoring man. She listened to her customers' opinions and implemented those which add value to her products so as to improve the quality of her products. Which function of entrepreneur is Mrs. Maneno describing?

  1. Invention
  2. Innovation
  3. Creating
  4. Risk taking
  5. Decision making

(vii) Which one is an appropriate channel for distribution of vegetable to the consumers?

  1. Producer Wholesalers Retailers Consumers
  2. Producer Retailers Wholesalers Consumers
  3. Producer Wholesaler Consumers
  4. Producer Retailers Consumers
  5. Producer Consumers

(viii) Mr. Kijiko is a wholesaler who buys goods in, bulk.from H.M Industry Co. Ltd. and resell them to the retailers in cash basis with charging a delivery services. In which type of wholesaler can Mr. Kijiko be categorised?

  1. General merchandise wholesaler
  2. Truck wholesaler
  3. National wide wholesaler
  4. Specilised wholesaler
  5. Cash and carry wholesaler

(ix) How can money solve the double coincidence of wants' problems experienced in barter trade?

  1. Store of value
  2. Measure of value
  3. Medium of exchange
  4. Transfer of immovable assets
  5. Standard of deferred payments

(x) Mipango Group Limited deals with the production and distribution of fruits juices to their customers in all over the country. In which stage of production do the distribution of fruits juices falls?

  1. Primary production
  2. Tertiary production
  3. Secondary production
  4. Direct production
  5. Indirect production

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FORM FOUR COMMERCE MULTIPLE CHOICE 2023

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 Year: 2023

Instructions

  1. This paper consists of sections A, B and C with a total of eleven (11) questions.
  2. Answer all questions in sections A and B and two (2) questions from section C.
  3. Section A carries sixteen (16) marks, section B fifty four (54) marks and section C carries thirty (30) marks.
  4. All writing must be in black or blue ink.
  5. Communication devices and any unauthorised materials are not allowed in the examination room.
  6. Write your Examination Number on every page of your answer booklet(s).

SECTION A (16 Marks)

Answer all questions in this section.

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

(i) Which one of the following represents three main systems of taxation?

  1. Proportional tax, regressive tax and direct tax
  2. Progressive tax, proportional tax and indirect tax 
  3. Progressive tax, proportional tax and regressive tax
  4. Proportional tax, income tax and regressive tax
  5. Progressive tax, proportional tax and export tax

(ii) Which set of economic activities is an example of tertiary production?

  1. Hair dressing, baking bread and banking
  2. Hotel keeping, banking and growing grapes
  3. Teaching, banking and transporting
  4. Car manufacturing, hair dressing and banking
  5. Copper mining, oil refining and hotel keeping

(iii) Madam Masyanga is an entrepreneur dealing with buying and selling of maize. Despite the speculation of fall in price in the near future, she had decided to buy large stock of maize. Which characteristic of entrepreneurship derived Masyanga to buy bulk stock?

  1. Creative and imaginative thinking
  2. Capacity and willingness to assume risks and uncertainty
  3. Willingness to work hard and adopt new challenges
  4. Commitment, determination and perseverance about possible risks
  5. Innovative and willingness to adopt new challenges

(iv) Which factor lead to the change in quantity demanded while other factors remain constant?

  1. Change in population
  2. Change in taste and fashion
  3. Change in weather condition
  4. Change in income
  5. Change in price of commodities

(v) The following are the features of major partners in partnership business except:

  1. they contribute capital to the business
  2. they are under 18 years age
  3. they are 18 and above years old
  4. they share profit or loss generated by the business 
  5. they actively take part in management of the firm

(vi) Mr. Mangino had a bag of maize and he needed to exchange with rice. In the process, he met Mr. Nyasa who had a bag of rice but needed to have some beans and not maize. Due to this, the exchange could not take place. Which problem was faced by the two individuals in accomplishing the transaction? 

  1. Lack of double coincidence of wants 
  2. Lack of measure of value
  3. Lack of store in value 
  4. Indivisibility
  5. Bulkiness of the commodities

(vii) Nance bought goods worth Tsh.50,000,000/= from Lazaro and she paid him by cheque. Which part to a cheque is presented by Nance?

  1. Drawer 
  2. Drawee 
  3. Endorsee 
  4. Payee 
  5. Endorser

(viii) Miss Masakala bought a juice mixer worth TZS 500,000/= from the wholesaler for resell and she wanted to make a gross profit of 20 percent. How much will be the selling price?

  1. TZS 100,000/=
  2. TZS 400,000/=
  3. TZS 375,000/=
  4. TZS 625,000/=
  5. TZS 600,000/=

(ix) Mr. Kyanga plans to establish hardware in his village with estimated initial capital of TZS 4,000,000/= of which he has only TZS 2,000,000/= Which other source of capital will he use to obtain the remaining TZS 2,000,000.

  1. Selling of shares 
  2. Opening current account
  3. Obtaining debenture on
  4. Buying government bonds
  5. Trade credit

(x) Under which circumstance do business owners opts to use water transport in transporting the goods?

  1. When flexibility of the modes of transport is required
  2. When goods are bulky and moved between distant continents 
  3. When goods are needed for urgent use from distant continents
  4. When goods are perishable and urgently needed
  5. When the cost of transport is less over short distance

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FORM FOUR COMMERCE MULTIPLE CHOICE 2022

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 Year: 2022

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. Section A carries twenty (20) marks, section B fifty (50) marks and section C carries thirty (30) marks.
  4. Cellular phones and any unauthorized materials are not allowed in the examination room.
  5. Write your Examination Number on every page of your answer booklet(s).

SECTION A (20 Marks)

Answer all questions in this section.

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

(i) The process through which entrepreneurs convert business opportunities into marketable solution is considered us

  1. innovation
  2. risk taking
  3. creation
  4. mobilization and allocation of resource
  5. market research

(ii) Which lax system is applied by the tax revenue authority if it charges 15 per cent tax rate to a person who earns TZS I million per month and 18 per cent tax rate to a person whose income is TZS 500,000 per month?

  1. Tax incidence
  2. Proportional tax
  3. Progressive tax
  4. Regressive tax
  5. Value Added Tax

(iii) The means of advertising through which goods are neatly arranged to create an impact on customers' mind so that they can be attracted to buy is referred to as

  1. magazine and trade journals
  2. Window shopping
  3. trade fairs and exhibitions
  4. personal selling
  5. window display

(iv) Suppose you arc a shareholder in one of the private companies, what return do you expect from the shares that you have invested?

  1. interest
  2. dividends
  3. profit
  4. borrowed capital
  5. capital owned

(v) As a bank customer, which means of bank payment is appropriate for you to adopt when funds is not immediately available?

  1. Credit transfer
  2. Direct debit
  3. Standing order
  4. Credit card
  5. ATM card

(vi) The reallocation of supply curve outwards to the right due to change in factors that affect supply other than price indicates

  1. an increase in supply
  2. constant supply
  3. the first law of supply
  4. decrease in supply
  5. change in supply

(vii) Suppose your desire is to have your own calculator to satisfy your need and your uncle bought for you a calculator of your choice. Which type of utility do you get by having your own calculator?

  1. Form utility
  2. Time utility
  3. Place utility
  4. Marginal utility
  5. Possession utility

(viii) As a store keeper in one of the manufacturers' warehouses, why do you think stock taking is necessary to owner of the warehouse?

  1. It helps to identify the spoilt items.
  2. It helps to identify old and new stock held in the warehouse.
  3. It helps to identify the quantity and values of stock held in the warehouse.
  4. It helps to identify the level of stock reached after receipts of new stock.
  5. It helps to identify the market price of the items in stock.

(ix) Most of the young entrepreneurs in Tanzania fail to access profitable markets because they are not creative in doing business. Which way can help them in addressing the problem?

  1. Mistakes and failure not an end
  2. Applying for more capital
  3. Throw away outwardly bad ideas
  4. Notes what is available
  5. Buying attractive products

(x) Mr. Manda needs to insure his house against fire. Which one would be his first step in taking out insurance?

  1. Fills in a proposal form
  2. Preparation of cover note
  3. Calculation of premium
  4. Filling in a claim form
  5. Payment of premium

(xi) Suppose your uncle is a large scale retailer who bought maize flour in bulk from Kicheko milling industry on cash. What kind of discount he is supposed to receive from the industry as a motivation from bulk buying?

  1. Trade credit
  2. Cash discount
  3. Discount allowed
  4. Trade discount
  5. Discount received

(xii) Which one is the best memorable form of communication traders would adopt to remind their debtors to pay for debts?

  1. Verbal communication
  2. Written communication
  3. Visual communication
  4. Internal communication
  5. Sign communication

(xiii) Which managerial function is a continuous function performed by managers at all levels in the business organization?

  1. Controlling.
  2. Directing.
  3. Staffing.
  4. Organizing.
  5. Planning.

(xiv) Sahar is a mining project coordinator in one of the mining firm in Arusha Tanzania. She received an immediate call to attend the meeting in Dubai. Which of the following mode of transport do you think is appropriate for her journey?

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

(xv) Why traders are advised to consider the cost element in selecting the channel of distribution?

  1. The higher the cost of the channel the higher demand for the products
  2. The lower the cost of the channel the lower the price per unit of the product
  3. The higher the cost of the channel the higher the quality of the products
  4. The higher the cost of the channel the higher the quantity of the products
  5. The lower the cost of the channel the higher price per unit of the product

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FORM FOUR COMMERCE MULTIPLE CHOICE 2021

'HIE 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 Year: 2021

Instructions

  1.  This paper consists of sections A, 13 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. Section A carries twenty (20) marks, section B fifty (50) marks and section C carries thirty (30) marks.
  4. Cellular phones and any unauthorized materials are not allowed in the examination room.
  5. Write your Examination Number on every page of your answer booklet(s).

SECTION A (20 Marks)

Answer all questions in this section.

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

(i) Which document is issued by the registrar of the companies to commence business operation?

  1. Memorandum of association 
  2. Partnership deep
  3. Articles of association 
  4. Certificate of incorporation
  5. rtificate of trading

(ii) Mr. Bukaba wants to engage in hire purchase but he does not know its consequences. Identify one consequence that he can face.

  1. He can own the property soon after payment of the first installment.
  2. He can own the property soon after payment of the last installment.
  3. Once he failed to pay other installments the seller cannot repossess the goods.
  4. Once he failed to pay other installments the seller can repossess the goods.
  5. He can pay all the amount required in cash and possess the property.

(iii) Which one is an example of constructive industry?

  1. Fishing 
  2. Lumbering
  3. Road making 
  4. Pot making
  5. Cotton spinning

(iv) Suppose you have been employed in a bonded warehouse and one of the customers needs to collect his car from the warehouse. Which tax would you require the customer to pay before releasing the car?

  1. Property tax 
  2. Export duty
  3. Exercise duty 
  4. Value added tax
  5. Custom duty

(v) What is the main source of funds used by insurance companies to pay for claims and administrative expenses?

  1. Income from investments and premiums paid
  2. Income from selling of shares and debenture to insured
  3. The difference between the value insured and actual loss
  4. Loan received from different financial institutions
  5. Income from selling of the property destroyed and loans from friends

(vi) Mrs. Makuchi as house wife prepared a fresh fruits juice for her kids' consumption. In which type of production does the activity done by Mrs. Makuchi be grouped?

  1. Primary production 
  2. Tertiary production 
  3. Personal services
  4. Direct production 
  5. Indirect production

(vii) Suppose Maiki and Juri are employed by Azam food processing industry and their monthly salary is Tsh. 1 million and Tsh. 1.5 million respectively. Which type of tax system is applied if both are charged with 18% income tax?

  1. Tax incidence 
  2. Proportional tax 
  3. Progressive tax
  4. Indirect tax 
  5. Regressive tax

(viii) Suppose you are a marketing manager who wants to satisfy the target market at the same time achieves the marketing objectives. Which elements of market mix would you consider?

  1. Branding, grading, standardizing and pricing
  2. Product, price, brand name and promotion
  3. Package, price, product and place
  4. Product, price, promotion and place
  5. Brand name, package, packaging and product

(ix) Why face to face business communication is advantageous to both retailer and final customers?

  1. There is no need of keeping record of the message communicated.
  2. It provides immediate feedback on the message communicated.
  3. It reduces unnecessary noise between the sender and the receiver.
  4. It promotes trust worth between the sender and the receiver.
  5. The message communicated cannot be distorted.

(x) A written document prepared by an entrepreneur which describes the objectives of the proposed business and the steps necessary to attain those objectives is referred to as 

  1. business plan 
  2. business idea
  3. business opportunity 
  4. business innovation
  5. business organization chart

(xi)You have learnt about the factors for the change in quantity demanded and the factors for the change in demand. Which factor would you opt for change in quantity demanded?

  1. Change in weather 
  2. Change in fashion
  3. Change in price of a commodity 
  4. Change in technology
  5. Change in price of related commodities

(xii) How does business management support business in achieving its business goals?

  1. It promotes staff creativity to increase output.
  2. It enables the management to establish business objectives.
  3. It can change the type of business to meet customers' demand.
  4. It guides business manager on how to calculate business net profits.
  5. It guides business manager on how to calculate business gross profits.

(xiii) Identify the appropriate international trade term which fit for the following transaction; Tanzania has paid Tsh. 30 million as payment of interest of loan from Canada.

  1. Terms of trade 
  2. Balance of trade
  3. Deficit balance of payment 
  4. Invisible trade
  5. Visible trade

(xiv) Ms Mashikolo is an entrepreneur who owns a retail shop at city center where there are so many retail shops. "She succeeded in her business because she believes in her-self and her ability to achieve the goals set". Which characteristic of entrepreneurs is described by such statement?

  1. Hard working 
  2. Goals setter
  3. Long-term commitment 
  4. Creative
  5. Self-confidence

(xv) One of the Form Four students argued that, some characteristics of departmental stores and multiple shops are similar. Which statement proves that the argument is correct?

  1. They all work under one roof and one management.
  2. They all sell the products of one manufacturer only.
  3. They all sell on cash basis and have centralized management.
  4. They all adopt centralized buying and decentralized selling.
  5. They are located in different areas and each branch has its branch manager.

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FORM FOUR COMMERCE MULTIPLE CHOICE 2020

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 Year: 2020

Instructions

I. 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.Section A carries twenty (20) marks, section B fifty (50) marks and section C carries thirty (30) marks.

4.Communication devices and any unauthorised materials are not allowed in the examination room.

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

SECTION A (20 Marks)

Answer all questions in this section.

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

(i)The shipping company charged one of its customers with a demurrage fee. Which condition is not fulfilled by such a customer?

  1. Loading the goods on time
  2. Offloading the goods on time
  3. Paying freight charges on time
  4. Paying insurance charges on time
  5. Keeping the records of all goods loaded in the ship

(ii)Why elimination of a wholesaler from the channel of distribution does not affect the flow of goods from the manufacturer to the final consumer?

  1. The wholesaler has very small amount of capital.
  2. The wholesaler performs the only selling function.
  3. All goods involved in the channel of distribution are branded.
  4. In regardless of the financial position, manufacturer can sell direct to final users. 
  5. The wholesaler's functions can be performed by other agents.

(iii)Suppose you are in the process of insuring your house against fire and you have already paid the premium. Which document is temporarily issued to you by an insurer as an evidence of premium payment?

  1. Assurance policy 
  2. Insurance cover note 
  3. Insurance policy 
  4. Insurance claim form
  5. Insurance proposal form

(iv)A business manager must obey the management functions so as to attain the business goals. In which function does a manager is involved in manpower planning and recruitment?

  1. Staffing 
  2. Directing 
  3. Planning
  4. Organizing 
  5. Controlling

(v)By being a Form Four students of 17 years old, you want to be admitted in one of the partnership dealing with selling of books. In which type of partners would you fit? 

  1. Dormant partner 
  2. Quasi partner 
  3. Active partner
  4. Minor partner
  5. General partner

(vi) Suppose you are self- employed in carpentry activities but you have spent two days to produce dining table for your family; In which category does the production of such  table be grouped?

  1. Indirect production
  2. Direct production
  3. Tertiary production 
  4. Direct services
  5. E Indirect services

(vii)Which method would Tanzania adopt if she wants to completely restrict importation of sugar from Zambia?

  1. Imposing heavy import duties
  2. Using government agencies
  3. Provision of customs drawback
  4. Fixing import quotas
  5. Total ban

(viii)How can different drinking water industries in Tanzania differentiate the same products they offered for sale in the market?

  1. Through packages 
  2. Through grading %
  3. Through branding
  4. Through standardizing 
  5. Through price

(ix) Kajewa is a large scale retailer who wants to identify the fast moving goods in his business. Which stock calculation will Kajewa apply to arrive at correct identification?

  1. Average stock
  2. Mark up percentage
  3. Cost of goods sold
  4. Margin percentage
  5. Rate of stock turn

(x)If you have been employed as machine operator in one of the soft drinking industry and your salary ranked under low income earner category, which tax system will favor you as one of the low income earners?

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

(xi)Some entrepreneurs debated that internal motivation in entrepreneurship is wastage of resources. Which statement evidences that internal motivation is an important aspect in entrepreneurship?

  1. It creates employment opportunity to workers. 
  2. It reduces regional development imbalance.
  3. It stimulates employees to accomplish the desired goals.
  4. It assists decision making in a business.
  5. It encourages consumption of local resources in production.

(xii)When drawing a supply curve it is automatically that the curve slopes upwards from the left to the right. Why does the supply curve slopes upward from the left to right?

  1. The lower the price the higher the quantity demanded and vise-versa.
  2. When the price held constant the quantity supplied increases.
  3. The lower the price the higher the quantity supplied and the vise-versa.
  4. The higher the price the higher the quantity supplied and the vise-versa.
  5. When the factors other than price held constant the quantity supplied increased.

(xiii)Which bank account would you advise a trader to open if he/she wants to deposit/withdraw cash at any time and allows overdraft to its customers?

  1. Joint account 
  2. Fixed deposit account
  3. Minor account
  4. Saving account 
  5. Current account

(xiv)Suppose you have attended a commercial debate with the motion "aids to trade is not necessary element of commerce". Which option will you choose as correct to oppose the motion?

  1. Aids to trade support production and not commerce.
  2. Aids to trade attract more buyers hence, low price for the goods.
  3. Aids to trade facilitate trade to take place smoothly.
  4. Aids to trade act as a link between commerce and production.
  5. Aids to trade is used to determine price of the goods produced.

(xv)The following are the roles of entrepreneurship in economic development except:

  1. creation of friendship among the countries
  2. creation of employment opportunities
  3. improvement on peoples' living standards
  4. improvement in per capital income
  5. capital formation

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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

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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.

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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.

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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.

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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

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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.

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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. Click To Do This (Fanya Mtihani Huu) |  
    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.

    Click To Do This (Fanya Mtihani Huu) |  
    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

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    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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    FORM FOUR COMMERCE MULTIPLE CHOICE 2009

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

    COMMERCE

    (For Both School and Private Candidates)

    Time: 3 Hours Year: 2009

    SECTION A

    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) The process of making goods for one's own use is termed:

    1. direct service 
    2. self employed
    3. direct production
    4. self-service
    5. capital goods

    (ii) Which of the following is the convenient route in the channel of distribution?

    1. Manufacturer → wholesaler →  consumer
    2. Wholesaler →  manufacturer →  retail outlet
    3. Manufacturer →  consumer →  retailer
    4. Consumer → retail outlet →  wholesaler
    5. Manufacturer →  manufacturer outlet → consumer

    (iii) A limited partnership is a partnership:

    1. which enjoys unlimited liability
    2. in which all the partners enjoy limited liability
    3. in which some partners enjoy limited liability
    4. in which all the partners are general partners
    5. in which the liabilities towards the firms debts is limited

    (iv)The term "legal tender" means:

    1. the form of money that a creditor must accept from a debtor in settlement of a debt
    2. a right to supply goods to an institution for a period of time
    3. a lawyer can pay money legally to his client
    4. the form of money that a creditor has right to refuse in settlement of a debt
    5. the right to make settlement on my unpaid debts

    (v)The main purpose of commerce is to:

    1. make profit 
    2. please customers
    3. help manufacturers
    4. bridge the gap between producers and consumers
    5. sell goods to ultimate consumers

    (vi)Bank rate is the rate of interest charged by:

    1. a commercial bank for short-term loans
    2. a central bank on first-class bills discounted by it
    3. a lender to a borrower
    4. non-banking financial institutions to borrowers
    5. saving banks to borrowers

    (vii)Which of the following functions is usually not performed by a wholesaler?

    1. Storage
    2. Transport
    3. Packing and branding goods
    4. Extending loans to customers 
    5. Selling goods to consumers

    (viii)Which one among the following is true regarding regressive tax system?

    1. A higher tax is charged as the income of tax payer increases.
    2. The same amount of tax is charged to all payers irrespective of their incomes.
    3. A tax that takes a higher proportion from lower income earners than from the higher income earners.
    4. A tax that is imposed at every stage of production.
    5. A tax charged by the public to grant permission to a person to perform a service by himself.

    (ix)Which one among the following covers insurance of property?

    1. Fire insurance
    2. Goods or cash in transit insurance
    3. Marine insurance
    4. General insurance
    5. Insurance agents

    (x)Which one among the following does not relate to import trade?

    1. Excise duties
    2. Custom duties
    3. Bill of lading
    4. Certificate of origin
    5. Certificate of indemnity

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    FORM FOUR COMMERCE MULTIPLE CHOICE 2008

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

    COMMERCE

    (For Both School and Private Candidates)

    Time: 3 Hours Year: 2008

    SECTION A

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

    (i) . . . . . . is a means used by producers to identify their products from other manufactures.

    1. Brand name
    2. Sorting
    3. Colour 
    4. Survey
    5. Price fixing

    (ii)A 25% mark up is applied to a commodity selling at Shs. 2400. What is the gross profit?

    1. Shs. 600 
    2. Shs. 450
    3. Shs. 480
    4. Shs. 384 
    5. Shs. 390

    (iii)In the event of total loss, insurance companies undertake to pay:

    1. a sum insured;
    2. a real value of the property destroyed;
    3. the sum insured or the real value whichever is less;
    4. the sum insured or the real value whichever is more;
    5. the sum insured together with the premium paid.

    (iv) . . . . . . . . is the identification of a product which cannot be pronounced but can be sighted and is protected by the law.

    1. Brand law
    2. Brand mark 
    3. Trade mark
    4. Patent right
    5. Grading

    (v) . . . . . . means all activities necessary in bringing goods and services into the market.

    1. Sales
    2. Distribution
    3. Market
    4. Marketing
    5. Market survey

    (vi)When visible imports of a country exceed visible exports it implies

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

    (vii) Which one of the following is not correct about the functions of management? 

    1. Sound policy
    2. Planning
    3. Organizing
    4. Staffing 
    5. Control

    (viii)Which of the following are places where ships wait for cargo?

    1. Ocean 
    2. Customs
    3. Docks
    4. Terminals
    5. Overseas

    (ix)One of the following is the method used by the government to collect money from most people whether foreigners or citizens whenever they buy goods for use

    1. Fees
    2. Licenses
    3. Cooperation tax
    4. Indirect tax
    5. Direct tax

    (x)Which of the following documents must be accepted or paid before the bill of lading is surrendered to the foreign buyer?

    1. Promissory note
    2. Bills of exchange
    3. Cheque
    4. Consignment note
    5. Debits

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    FORM FOUR COMMERCE MULTIPLE CHOICE 2007
    p>THE UNITED REPUBLIC OF TANZANIA NATIONAL EXAMINATIONS COUNCIL OF TANZANIA CERTIFICATE OF SECONDARY EDUCATION EXAMINATION

    COMMERCE

    (For Both School and Private Candidates)

    Time: 3 Hours Year: 2007

    SECTION A

    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) Businessmen who do not have permanent business premises are called:

    1. itinerant traders
    2. gamblers
    3. brokers
    4. under winters
    5. retailers

    (ii) A progressive tax is one:

    1. which is paid at each stage of manufacture or sale.
    2. where the more wealthy you are, the more you pay.
    3. which is paid by property developers.
    4. where the rich pay a higher percentage than the poor.
    5. which is lower when income is invested in new equipments

    (iii) Import of foreign produced goods into a country for re-export is called:

    1. hypothecation 
    2. balance of payment
    3. invisible trade 
    4. entrepot trade 
    5. import trade

    (iv)I bought 100 units of a certain commodity from Macha & Co. Ltd. The gross price is shs. 10 per item and trade discount is allowed at 20%. If I settle the debt within 30 days I will be allowed a cash discount of 4%. I intend to pay immediately. How much should I pay?

    1. 500 
    2. 395 
    3. 450 
    4. 894
    5. 768

    (v)The following are the factors which affect or influence demand:

    1. Weather
    2. Price of commodity
    3. Consumer's income
    4. Consumers taste and habit
    5. All of the above

    (vi)Auxiliary services may be defined as the activities aimed at:

    1. assisting the consumers directly.
    2. helping traders in their business.
    3. making work of those involved in manufacturing of essential goods easy.
    4. bridging the gap between the producer and the consumer.
    5. assisting the producer directly.

    (vii)The most essential characteristic of money Is:

    1. acceptability
    2. portability
    3. divisibility
    4. durability 
    5. scarcity

    (viii)Third party insurance indemnifies the insured against:

    1. one-third of any loss suffered by a group or party insured.
    2. the insured person's first three claims only.
    3. injuries to a maximum of three passengers in a car accident.
    4. claims by the party suffering damage but not the insured person or his vehicle causing the damage.
    5. the actual total loss to the third person only.

    (ix) Which of the following is not a function of a central bank?

    1. To issue notes and coins
    2. To operate the government's bank accounts 
    3. To determine rates of taxation
    4. To assist the government in caring out the monetary policy.
    5. Lender of last resort.

    (x) Certificate of incorporation is the certificate which is issued by the.

    1. Register Master
    2. Chamber of Commerce 
    3. Registrar of companies
    4. Clearing agent
    5. Co-operative society

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    FORM FOUR COMMERCE MULTIPLE CHOICE 2006

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

    COMMERCE

    (For Both School and Private Candidates)

    Time: 3 Hours Year: 2006

    SECTION A

    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). Which of the following activities is outside the study of commerce?

    1. Trade
    2. Banking
    3. Advertising
    4. Agriculture
    5. Warehousing

    (ii) The following may not be classified as variable cost of production:

    1. Rent of land and building
    2. Wages and salaries of labour
    3. Cost of raw materials
    4. Cost of power supplies 
    5. Prime cost

    (iii) Composite demand occurs where:

    1. a commodity, especially raw materials, serves more than one purpose.
    2. the demand for two commodities is linked together.
    3. two commodities may fairly good substitute for one another.
    4. a change in the demand for one commodity is the result of a change for another.
    5. there is a competitive demand.

    (iv)An agent authorized to sell goods on commission at public is called:

    1. Commission agent
    2. Auctioneer
    3. Forwarding agent
    4. Broker
    5. Factor

    (v) Which of the following statements best describes a progressive taxation?

    1. It provides a great incentive to work for high income earner than a flat-rate tax.
    2. It is levied regardless of one's income.
    3. A progressive taxation is one, which falls more heavily on people with low incomes than those with high incomes.
    4. A progressive taxation is one whereby the rate of taxation increases as the income increases.
    5. A progressive taxation is one, which falls more heavily on importers of motor vehicles.

    (vi)The primary function of an entrepreneur is to:

    1. Manage the production process
    2. Pay for land
    3. Bear the risk and uncertainty
    4. Pay for labour 
    5. Market the product

    (vii)A clearing house is:

    1. a place where representatives of various banks meet to discuss their mutual problems.
    2. a place where representatives of various banks meet to clear cheques drawn on them by their clients and deposited with other banks.
    3. a place where banks can deposit their money and use them to settle claims from other banks.
    4. a place -where a central bank conducts its affairs for settling ministerial cheques claims.
    5. the house concerned with clearing of cheques and goods imported.

    (viii)The most outstanding disadvantage of air transport is it's:

    1. Limited number of crew
    2. Frequent maintenance
    3. Limited carrying capacity
    4. Tight timetable
    5. Unsuitable means of transporting vegetables

    (ix)A quantitative restriction imposed on free flow of international goods is:

    1. Import quota
    2. Import duty
    3. Import tariff
    4. Total ban
    5. Import regulation

    (x)Money used to start a business is called:

    1. Interest
    2. Savings
    3. Loss
    4. Profit
    5. Capital

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    FORM FOUR COMMERCE MULTIPLE CHOICE 2005

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

    COMMERCE

    (For Both School and Private Candidates)

    Time: 3 Hours Year: 2005

    SECTION A

    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)Which of the following commercial transactions of a wholesaler is not commercial deal?

    1. selling goods for cash
    2. paying wages to his employees
    3. dismissing one of his employees
    4. buying goods on credit
    5. storing goods in the warehouse.

    (ii)Which of the following is a tertiary production?

    1. Oil refining and textile mills
    2. Doctors and mining
    3. Railway construction, export and transport 
    4. Teacher and banking
    5. Road construction and manufacturing industries.

    (iii)The consequence of devaluation is:

    1. fall in export prices, which improves balance of payment
    2. rise in export prices, which decreases balance of payment
    3. rise in export prices, which improves balance of trade 
    4. fall in export price, which leads to dead weight
    5. rise in import price, which encourages investors.

    (iv)Anna's stock on 1 st January 2002 was Shs. 45,000. At the end of June 2002 and December 2002 her stocks were valued at Shs. 38,000 and Shs. 25,000 respectively. Her rate of stock turn was 10. The cost of goods sold by her will be Shs.:

    1. 350,000
    2. 360,000
    3. 720,000 
    4. 540,000
    5. 300,000

    (v)The kind of leadership which involves very few people in planning, decision making and implementation is referred to as:

    1. Authoritarian
    2. laissez-faire
    3. autocratic
    4. participatory 
    5. positive

    (vi)Aids to trade may be defined as the activities aimed at:

    1. assisting the consumer directly
    2. making easy the work of those involved in manufacturing of essential goods
    3. helping traders in their business
    4. bridging the gap between the producer and the consumer
    5. involving all activities in the production process.

    (vii)The means of transmitting information electronically is called:

    1. ex-communication
    2. telecommunication
    3. website
    4. satellite 
    5. E-mail

    (viii)If a cheque bears an ordinary crossing it implies that the cheque can be:

    1. deposited in the named payee's account with the bank
    2. deposited in the bank account of the payee
    3. cashed at the bank counter
    4. endorsed to anyone abroad
    5. cashed at any bank within the country

    (ix)Vessels which do not operate on fixed routes and have no fixed advertised times of sailing are known as: 

    1. conference vessels
    2. liners
    3. barges
    4. tramps
    5. MV Victoria

    (x)The action through which a retailer discovers information about the needs of his customers is known as:

    1. marketing survey 
    2. market study
    3. market survey
    4. marketing study
    5. market discovery

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    FORM FOUR COMMERCE MULTIPLE CHOICE 2004

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

    COMMERCE

    (For Both School and Private Candidates)

    Time: 3 Hours Year: 2004

    SECTION A

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

    (i)Trade is defined as:

    1. buying and selling manufactured goods only
    2. buying and selling of goods and services
    3. any activity undertaken to make a profit
    4. changing of raw materials into finished goods
    5. selling goods to the ultimate consumer.

    (ii)Which of the following statements is true?

    1. balance of trade is the same as balance of payments
    2. balance of payments is the difference between the imports and exports of goods by a country.
    3. Balance of trade is the excess of visible imports over visible exports or vice versa
    4. A favourable balance of trade necessarily means a favourable balance of payments
    5. Balance of trade as much as balance of payments.

    (iii)Which of the following is not an element of transport?

    1. terminal
    2. way of transport
    3. motive power
    4. containerization 
    5. unit of carriage

    (iv)A bonded warehouse is used to store:

    1. goods which are dangerous or inflammable
    2. goods against theft
    3. imported goods of a particular manufacturer only
    4. imported goods till duty is paid on them
    5. goods against fire

    (v)A tied shop is a:

    1. number of single shops under one roof and one management
    2. large store that stocks many items a house wife is likely to buy
    3. self-service store
    4. super market complex
    5. type of single shop which sells products of one manufacturer only.

    (vi)Which of the following items does not appear in the memorandum of an association?

    1. power of directors
    2. type and amount of share capital
    3. objects of a company
    4. name of a company
    5. liability clause

    (vii)Teachers, doctors and lawyers are said to be involved in production. Their contributions may be grouped under:

    1. commercial occupations
    2. direct services
    3. industrial occupations
    4. distributive occupations
    5. manufacturer occupations

    (viii)A cheque bearing a special crossing:

    1. can be endorsed to anyone
    2. can be deposited in any account as long as it is with the named bank and branch
    3. must be deposited in the payee's account with the named bank and branch
    4. can be endorsed to another bank
    5. must be withdrawn from the drawer's account.

    (ix)E. Ngosha had an opening stock of Shs. 20,000.00 and a closing stock of Shs. 25,000.00. His net purchases for the year amounted to Shs. 150,000.00 and his gross profit margin was 40% on cost. His expenditure for the year was Shs. 28,600.00. What was his net profit?

    1. 58,000.00
    2. 145,000.00
    3. 56,000.00 
    4. 203,000.00
    5. 29,400.00

    (x)In a regressive taxation system, low income earners pay:

    1. less taxes as their income increases
    2. less taxes as their income remain constant
    3. more taxes as their income decreases
    4. more taxes as their income increases
    5. less taxes as their income decreases

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    FORM FOUR COMMERCE MULTIPLE CHOICE 2003

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

    COMMERCE

    (For Both School and Private Candidates)

    Time: 3 Hours Year: 2003

    SECTION A

    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)The main objective of commerce is to:

    1. enable consumers to buy goods
    2. enable traders to earn profit
    3. bridge the gap between producers and consumers
    4. help manufacturers to produce goods for use
    5. satisfy human needs

    (ii)Communication may be defined as:

    1. the process of delivering goods through post office.
    2. any process that involves passage of goods from the seller to the buyer.
    3. passage or transfer by using any media with the intention of getting positive response from the recipient.
    4. the passage or transfer of message by using post office with the intention of getting positive response from the recipient.
    5. advertising goods using newspapers alone.

    (iii)Which one of the following is not an advantage of indirect taxation?

    1. tax evasion is difficult
    2. cost of collection is relatively easy
    3. the tax may be shifted to the people not intended to pay for it
    4. the tax payer does not feel the burden directly
    5. those with small incomes can be reached.

    (iv)A favourable balance of trade means:

    1. a country's value of exports exceed its value of imports within a specific year.
    2. a country's value of imports exceed the value of exports within a specific year.
    3. excess in the growth of value of goods produced in a specific year compared with the previous year.
    4. more traders have moved in the country in the specific year compared with the previous year.
    5. more goods were registered to be exported in a specific year than in the previous year.

    (v)Which of the following is an example of tertiary production?

    1. Road construction
    2. School teacher
    3. Agriculture
    4. Production of foods for household use
    5. Manufacturing goods for exchange

    (vi)Profit margin is:

    1. net profit
    2. stock turn
    3. difference between selling price and cost price of goods sold
    4. net profit divided by average stock
    5. gross profit divided by sales

    (vii)A retailer does not perform the activity of:

    1. changing the form of goods
    2. storage of goods
    3. advising his customers
    4. offering credit to customers
    5. buying the goods from wholesalers.

    (viii)A proforma invoice is:

    1. an enquiry
    2. an order
    3. a quotation
    4. a receipt
    5. a cheque

    (ix)In warehousing "WARRANT" implies:

    1. evidence document of releasing goods in the warehouse
    2. a document of receiving and releasing goods in the warehouse
    3. practical application of the duty utmost good faith
    4. both evidence of releasing and practical application of the duty of utmost good faith
    5. a document of receiving goods at the Railway warehouse

    (x)Which of these is not a function of the Bank of Tanzania?

    1. It is e sole currency issuing authority.
    2. It advises the government on financial matters.
    3. It acts as a banker to commercial banks
    4. It provides assistance to the export trade.
    5. It provides banking facilities to parastatal bodies.

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