LEARNING HUB.TZ

COMMERCE EXAMINATION FORM ONE

ANNUAL

NAME…………………………………………..CLASS……………………………TIME: 3HRS

INSTRUCTIONS:-

1. Answer all questions as instructed per each question.

SECTION A

1. Write the letter of the correct answer in the BOXES provided at the end of the questions.

a) Is concerned with all business which is carried out within the country.

a)international trade (b)Retail trade  (c)Producer goods (d)Domestic trade 

ii) Foreign trade is divided into:

a)domestic and external trade  (b)import and external trade 

c) Export and Domestic trade  (d) Import and export trade     

iii) The aids to trade concerning with the provision and management of money and credit necessary to transfer goods to the consumers is known as:

a)Advertising  (b)Banking  (c)Transport  (d)Insurance

iv) Is the storage of goods and services in a safety place until they are needed:

a) Communication (b) banking  (c) warehouse  (d) home trade  

v) Branch of commerce which deals with buying and selling of goods and services from the producer to the final

    consumers:

a) Commerce   (b) aids to trade  (c) trade  (d) distribution               

vi) They can be seen and touched:

a) Sources (b) goods (c) transports  (d) communications    

vii) Commerce is basically divided into two classes:

a) Trade and Aids to trade  (b)trade and industry  

c) Goods and services   (d) trade and services                  

viii) Goods and services which are very necessary and important for live and survival of human being are called

a) Basic needs  (b) luxury needs  (c) consumer good       (d) producer goods              

ix) Constructors, carpenters, farmers are called:

a) Producers (b) consumers  (c) traders (d) retailers     

x) Money was valueless in this type of trade

a) Barter trade  (b) wholesale trade (c) supplementary trade  (d) home trade                           

2. MATCHING ITEMS

Choose the correct answer in GROUP A and match with correct explanation in GROUP B. Write the answer in the Boxes provided at the end of this question.

SECTION B 50 MARKS

3. FILLING THE BLANKS

i____________ _____________ is a process of buying goods from the producer or manufacture in very large

   quantities  and sell in small quantities to the retailers.

ii) _________________________ is anything that is generally acceptable by the whole community to be used as a   medium of exchange and measure of value.

iii) _________________________ is the level of production which is concerned with extraction of raw-materials  from nature. Eg raining, farming, fishing etc.

iv) __________________________  is the type of industry which deals with putting together (assembling) goods  (finished) from manufacturing industry in order to get new thing that can satisfy the needs or wants of the final  consumers.

v)_____________________are those goods which are used to produce other goods. Example Radios, Televisions etc.

vi) ____________ includes all natural resources which are obtained in the earth surface eg soil, Forests, minerals etc.

vii) ______________________ is the process whereby the production of a particular commodity is divided into a

      number of separate process, each of which is performed by different persons/workers.

viii)_________________are those costs of production which do not vary or change with the changes of output level.

ix)________________________refers to the additional costs required to produce an extra unit of output.

x)_________________________ refers to the total costs divided by the number of units of output produced.

4. Explain five importance of studying commerce

i) __________________________________________________________________________

ii)__________________________________________________________________________

iii)__________________________________________________________________________

iv)__________________________________________________________________________

v)__________________________________________________________________________

5. Describe  five advantages of specialization.

i)___________________________________________________________________________

ii)__________________________________________________________________________

iii)__________________________________________________________________________

iv)__________________________________________________________________________

v)___________________________________________________________________________

6. (a) Mention the four factors of Production

i)___________________________________________________________________________

ii)___________________________________________________________________________

iii)__________________________________________________________________________

iv)__________________________________________________________________________

(b) define utility and explain four types of utility

7. Define the following terms as used in commerce;

i) Variable costs__________________________________________________________________________________

ii) Total costs____________________________________________________________________________________

iii) Secondary Production__________________________________________________________________________

iv) Division of Labour______________________________________________________________________________

v) Labour_______________________________________________________________________________________

SECTION C 30 Marks.

8. Given the following formations below find the Total costs, Marginal costs, Average costs

9. Discuss the contribution of commerce in the growth of a country

10. Describe the differences between commerce and Economics.

LEARNINGHUBTZ.CO.TZFORM ONE COMMERCE MODAL SERIES 2