KCSE BASED BUSINESS STUDIES QUESTIONS WITH ANSWERS
Ways that the World Bank may use to assist developing countries to improve their economy.
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Factors that may cause inflation in an economy.
Benefits of direct taxation to the government.
The following balances were extracted from the books of Chombo Wholesalers for the year ended 31 Dec 2005.
Calculate
a) margin b) Current ratio c) Rate of stock turnover (4mks)
Goals of development to a country
State two situations in which each of the following types of inflation may occur.
Sources of public finance
Reasons for the increased use of cell phones in banking
Functions of the World Bank
Features of a parastatal
Circumstances under which a country may realise surplus in its balance of payments
Circumstances under which a country may realize surplus in its balance of payment include:
Disadvantages of using direct taxes to raise government revenue
Disadvantages of using direct taxes to raise revenue include:
The following Trial Balance was extracted from the books of Ojwang Limited on 31 December 2013.29/11/2020 The following Trial Balance was extracted from the books of Ojwang Limited on 31 December 2013. Expected Response
Identify the source documents into which the information given in the table below would be recorded. (4 marks)
Outline four ways in which the balance of payments of a country may be improved. (4 marks)27/11/2020 Ways in which the balance of payments of a country may be improved
The table below shows general price changes over a period of five years:
Using year 2010 as the base year, determine the Consumer price index for years 2011, 2012, 2013 and 2014. (4 marks)
State four means of payment that may be provided by commercial banks to their customers. (4 marks)27/11/2020 Means of payment that may be provided by commercial banks to their customers
Means of payment that may be provided by commercial banks to their customers include:
Features of money that enables it to facilitate the exchange of goods and services
Forms of economic integration that countries may join to promote international trade
Forms of economic integration that countries may join to promote international trade include:
The following opening balances were extracted from the books of Mageta Traders on 1 July 2016:24/11/2020
The following transactions took place in the course of the month:
Expected ResponseTypes of direct taxes that the government may use to collect revenue from individuals and companies
Types of direct taxes that the government may use to collect revenue from individuals and companies include:
The following information was extracted from the books of Kisababu Traders on 31 December 2014:24/11/2020
The following information was extracted from the books of Kisababu Traders on 31 December 2014:
Required:
What is external revenue?
External revenue is money collected by a government by imposing duties on imports and other international transactions.
​​What are the problems encountered from external revenue
Related Business Studies Quiz and Answers on Public Finance. Form 4 Level
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