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
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 ?
(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?
(iii) Under which classification the services provided by teachers, lawyers and police to their customers are categorized?
(iv) The following are functions of production department in management except:
(v) By using the theory of demand, which factor influences the buying decision of a consumer?
(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?
(vii) Why a bill of lading is used as the evidence of contract between the exporter and the shipping company?
(viii) There are several ways through which financial institutions raise their capitals. Which financial institutions raises its capital through selling shares to the public?
(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?
(x) Why Tanzania Revenue Authority (TRA) insists on the use or Electronic Fiscal Device (E.F.D) machine?
(xi) Which factor of production is characterised by value appreciation?
(xii) Which one is the correct form of classification of companies?
(xiii) Which set presents large scale retailers?
(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?
(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?
COLUMN A | COLUMN B |
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SECTION B (50 Marks)
Answer all questions in this section.
3. (a) Mr. Ramsi a businessman who had an account with CRDB Bank in Arusha branch issued a cheque payable to Mr. Karim amounting to Tsh. 150,000/2 only. Use the information given to analyse the three main parties to a cheque involved in this transaction.
View Ans(b) Assume one of your teachers is a businessman and he had received two crossed cheques from one of his customers. One of the cheques bearing the words "Not Negotiable" and the other one "Account payee only". Briefly explain to him what the terms "Not negotiable" and "Account payee only" imply?
View Ans4. You have been invited in a seminar about taxation conducted by Tanzania Revenue Authority. The main theme of the seminar is "the effects of taxation". At the end of the seminar, you will be required to present to your fellow students the positive and negative effects of taxation in an economy. Summarise your presentation by showing the:
(a) three positive effects of taxation and
View Ans(b) two negative effects of taxation.
View Ans5.The cashew nuts producers from Chetu village build a warehouse to store their produce after harvest. Being an expert in warehouse operations, briefly explain five contributions of the cashew nuts warehouse to Chetu villagers.
View Ans6. Study the diagram given and answer the questions that follow:
(a) What does shift in demand curves from D0 to D1 and D0 to D2 imply?
View Ans(b) Describe four possible causes for a shift in demand curves from D0 to D2
View Ans7. Mr. James is planning to buy a car from Japan and he has been advised to use either a broker or a factor agent to effect buying. Assists him in making proper decision by giving: (a) two main features of a broker
View Ans7. Mr. James is planning to buy a car from Japan and he has been advised to use either a broker or a factor agent to effect buying. Assists him in making proper decision by giving: (b) three main features of a factor.
View AnsSECTION C (30 Marks)
Answer two (2) questions from this section.
8. Mobile phones have become the most popular communication media which links the buyer and sellers within a short time. Basing on the knowledge of business communication, explain three positive and three negative effects of mobile phone communication in business.
View Ans9. Creation of employment is the only advantage of specialization in production. Argue against this statement by giving six reasons.
View Ans10. Practically, insurers and insured could not work smoothly without applying the principles of insurance. Basing on this statement, explain how the principles of insurance govern the conduct between insurer and insured.
View Ans