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
(ii) Which of the following is the basic feature of all multiple shops?
(iii) Consumer goods are best defined as goods that
(iv) A marketing board is a board set up to
(v) Which of the following is the benefit of sole traders over limited companies?
(vi) Which of the following industries are concerned with obtaining raw materials from natural resources?
(vii) Which of the following is NOT necessary for the development of commerce in a country?
(viii) The list of documents prepared in the course of commercial transaction in the right order of being raised is
(ix) A letter of credit is sent by
(x) An advalorem tax is an indirect tax collected
2. Match the items in Column A with the responses in Column B by writing the letter of the correct response beside the item number.
COLUMN A | COLUMN B |
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SECTIONB (40 Marks)
Answer all questions in this section.
3. The following balances were extracted from the books of Mungiki’s clock business for the year. Opening stock sh. 23 ,000/-, purchases sh. 115,000/-, carriage inwards sh. 3,000/-, purchases returns sh. 18,000/-, sales sh. 200,000/-, sales returns sh. 15,000/-, closing stock sh. 30 ,000/-, current assets sh. 45,000/-, current liabilities sh. 90,000/- and fixed assets sh. 180,000/- , general expenses is 10% of the gross profit. From the above information calculate:
(a) Cost of goods available for sale
View Ans(b) Cost of goods sold
View Ans(c) Gross profit
View Ans(d) Net profit
View Ans(e) Rate of stock turnover
View Ans(f) Mark up
View Ans(g) Margin
View Ans(h) Working capital
View Ans(i) Capital employed
View Ans(j) Net profit as percentage of sales.
View Ans4. (a) Elaborate four benefits that a consumer may derive from advertising.
View Ans(b) Mr. Manoti is a shift machine operator at a blanket factory. Describe six disadvantages of his work.
View Ans5. (a) (i) What is meant by the Wholesaler?
(ii) Briefly explain the term bill of exchange.
View Ans(b) Explain eight functions of wholesalers.
View Ans6. (a) Describe five advantages of a retailer refusing credit sales to his customers. (b) Explain five reasons behind consumers’ protection.
View AnsSECTION C (40 Marks)
Answer two (2) questions from this section.
7. (a) What is meant by the Public Corporations?
View Ans(b) Public Sectors are important to a developing country like Tanzania. Using concrete examples give five arguments to support that statement.
View Ans(c) How does a retailer selling a pair of shoes assist in the process of production? Give four points.
View Ans8. (a) Discuss five qualities of good money. (b) Elaborate five functions of money.
View Ans9. (a) Discuss eight possible causes of change in supply curve of a commodity.
View Ans(b) (i) Sketch a diagram which shows an increase in supply. (ii) Sketch a diagram which shows a change in quantity supplied.
View Ans10. (a) Evaluate six benefits of marketing to a developing country. (b) Explain three problems faced by home trade.
View Ans