COMMERCE FORM FOUR NEW NECTA FORMAT

LEARNING HUB TANZANIA

FORM FOUR MODEL  EXAMINATIONS

TIME 3:00 HRS        COMMERCE

 

NAME: ………………………………………………….. STREAM ……………………………

 

Instructions

  1. This paper consists of sections A, B and C.
  2. Answer ALL Questions in sections A and B, and TWO questions in Section C.
  3. Remember to indicate examination number on every page
  4. All answers should be written on the answer sheet provided.

 

SECTION A:

  1. For each of the following question select the most relent answer and write the appropriate letter for the select in the space provided.

i)          Authority means:

  1. Right to punish workers  B. Power to make decisions
  1. Right to sign    D. Right appoint staff

 

ii)        When a country decide to produce a commodity with will bring the greatest relative advantage, it is following the principle or

  1. Competitive advantage  B. Comparative advantage

C. Absolute advantage   D. Economic advantage

 

iii)      What type of business organization is best described by the following member may not exceed 20, one members action may bind the others, liability is normal unlimited, all members have access to the accounts:

  1. Private limited  B. Co-operative society  C. Partnership
  1. Public Limited Company

 

iv)      Specialized short normal sales:

  1. A particular type of goods   B. Consumer goods

C. Gift goods     D. Varieties of goods

 

v)         Find odd man out:

  1. Advertising   B. Insurance  C. Banking  D. Home trade

 

vi)      What name is given to a number of shoes under one roof and one management:

  1. Multiple shops  B. Multiple stores  C. Supermarkets   D. Departmental

 

vii)    These ships follow regular time table, call at port at regular interval and follow a regular route, even if they have to sail without enough cargo. These ships are know as:                            A. Liners               B. Tramps               C. Tranters              D. Normal ships

 

viii)  An indent is:

  1. A bill of lading  B. Airway bill  C. Certificate of  inspection

D. An order for goods used in international Trade

 

ix)      A business from used when the seller requests payment in advance or goods are sent on approval or on consignment is know as:

  1. Credit Note  B. Delivery Note  C. Performa Invoice  D. A dispatch Note

 

x)         The goods whose demand decreases with the rise in consumer`s income and increases with the fall income is termed as:

  1. Normal goods B. Interior goods C. Competitive goods

D. Complementary goods

 

  1. Select the relevant corresponding term for GROUP Aandwhich matches with explanations from GROUP Band write in the space provided.

 

GROUP A

  1. Public debts
  2. Share
  3. Public cooperation
  4. Indemnity
  5. Certainty
  6. Market research
  7. Stock control
  8. Surplus
  9. Bankruptcy
  10. Standing orders

 

GROUP B

i)            An instruction by a customer that the bank should pay certain regular commitments from his account.

ii)          Is the state of the business or person beingunable to meet the claims of its creditors

iii)       It does not aim at benefiting a person, its object is to compensate a person for what he has lost. Such compensation will leave the person to the position he was before loss.

iv)        Any money due by a Government to its people

v)          This refers to collection of statistics data from various source that map be used publication in reports or of providing a basis for future policies

 

SECTION B: 50 Marks

  1. A main earn 1,800-per year. In calculating his income tax are made:- two –ninth of his salary, a person allowance of Shs. 260- and a children`s a allowance of Shs. 275/-, He then pay tax at the rate of 11% on the first Shs.50/-, of his taxable income, also pays 121/2%  on the next   Shs. 125/-, pays Shillings at the rate 321/2% on the next 125-,and pays 41% on the remainder.

Calculate

i)                    Taxable income

ii)                 Total tax paid

iii)               The average rate tax

 

  1. Consider the following diagram then answer the questions that follows:

 

77751517

 

(a)   What is the meaning and indication of the above diagram

(b)   Given reasons (causes) factors                                                      (10 marks)

 

 

  1. Define the following terms:

(a)   Direct production

(b)   Management

(c)   Bonded warehouse

(d)   Sole proprietor

(e)   Generic Advertising          (10 marks)

 

  1. Given the differences of following pairs:

(a)   C W O and C O D

(b)   Peddlers and hawkers

(c)   Quasi partner and dormant partner

(d)   Share and debenture

(e)   Inflation and deflation                                                                        (10 marks)

  1. (a) Define Negotiable

(c)   Differentiate between bill of exchange and Promissory Notes.           ( 10 marks)

 

SECTION C:

                 Answer two (2) questions from this section

  1.    (a) Ndugu Kwayu has a turnover of Shs. 36,000/-, profit mark- up of 25%. His opening stock amounted to 2,000/- and closing stock amounted to 3,000/-.calculate:

(i)        Ate of turnover

(ii)     Cost profit

(iii)   Gross profit

(iv)    Net profit if expenses is 10% of cost of goods sold

(v)      Purchases

  1. (a) Define Insurance

(b) What are the principles of Insurance

 

  1. Briefly discuss the methods in which the central use to control credit.

 

 

 

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