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Mokasa Joint Examination Kenya Certificate Of Secondary Education 565/1 Paper 1 Business Studies 2015 Question Paper

Mokasa Joint Examination Kenya Certificate Of Secondary Education 565/1 Paper 1 Business Studies 2015

Course:Business Studies

Exam Year:2015

Name: ___________________________________________Index No.: _____________________
Class______ Adm. No._____________ Candidate’s Signature: _____________________
Date: __________________________

565/1
BUSINESS STUDIES
Paper 1
MARCH/APRIL 2015
Time: 2 hours

MOKASA JOINT EXAMINATION
Kenya Certificate of Secondary Education
565/1
Paper 1
BUSINESS STUDIES
2 hours
INSTRUCTIONS TO CANDIDATES
Write your name, index number, class and admission number in the spaces provided above.
Sign and write the date of the examination in the spaces provided above.
Answer all questions in the spaces provided.
This paper consists of 9 printed pages
Check the question paper to ascertain that all the pages are printed as indicated and no questions are missing.

Highlight four reasons why public relations is a popular way of product promotion among banks.
(4mks)
(a) …………………………………………………………………………………………………………………….... (b) ……………………………………………………………………………………………………………………....
(c) ……………………………………………………………………………………………………………………....
(d) ……………………………………………………………………………………………………………………....

Mention four non-tax internal sources of revenue to the government. (4mks)

(a) …………………………………………………………………………………………………………………….... (b) ……………………………………………………………………………………………………………………....
(c) ……………………………………………………………………………………………………………………....
(d) ……………………………………………………………………………………………………………………....

Outline four measures that an employer can put in place to improve the performance of her human resource. (4mks)
(a) …………………………………………………………………………………………………………………….... (b) ……………………………………………………………………………………………………………………....
(c) ……………………………………………………………………………………………………………………....
(d) ……………………………………………………………………………………………………………………....

State whether each of the following transactions will increase, decrease or have no effect on the Balance Sheet totals (4mks)
Transaction
Effect on Balance sheet totals

Sold a private car and deposited the money in business bank account

Withdrew money from bank for office use

Paid Mr. Kimeli, a creditor in cash

Purchased a Motor car by cheque

Highlight four conditions that must be met in order for an insurance contract to be valid. (4mks)
(a) …………………………………………………………………………………………………………………….... (b) ……………………………………………………………………………………………………………………....
(c) ……………………………………………………………………………………………………………………....
(d) ……………………………………………………………………………………………………………………....
Enter the following transactions in the relevant book of original entry (4mks)
2014 June 1. Made cash purchases worth sh. 25,000
,, 5. Paid sh.38,000 by cheques in full settlement of a debt owed to Kibogong after deducting a 5% cash discount.
,, 12. Bought stationery and paid by cash sh.19,000.
,, 19. Settled a debt of sh.90,000 owed to Yatich stores by cheque after deducting a 3% cash discount.
,, 28. Paid the month’s salaries of sh 80,000, by cash, sh. 30,000 and the balance by cheques.

Outline four ways which the government can use to influence the supply of maize in Kenya. (4mks)
(a) ……………………………………………………………………………………………………………………....
(b) ……………………………………………………………………………………………………………………....
(c) ……………………………………………………………………………………………………………………....
(d) ……………………………………………………………………………………………………………………....
Outline four negative effects of inflation to an economy. (4mks)
(a) ……………………………………………………………………………………………………………………....
(b) ……………………………………………………………………………………………………………………....
(c) ……………………………………………………………………………………………………………………....
(d) ……………………………………………………………………………………………………………………....
Highlight four benefits enjoyed by a holder of a credit card (4mks)
(a) …………………………………………………………………………………………………………………….... (b) ……………………………………………………………………………………………………………………....
(c) ……………………………………………………………………………………………………………………....
(d) ……………………………………………………………………………………………………………………....
The following balances relate to the business of Roba Traders during the period ended 31st March 2014.
Shs.
Cash at bank 680,000
Premises 500,000
Machinery 175,000
Creditors 190,000
Furniture 85,000
Motor van 200,000
Cash in hand 50,000
Extract the trial balance of Roba Traders as at 31st March 2014. (4mks)

Highlight four circumstances under which air transport can be preferred to transport goods from one place to another. (4mks)
(a) …………………………………………………………………………………………………………………….... (b) ……………………………………………………………………………………………………………………....
(c) ……………………………………………………………………………………………………………………....
(d) ……………………………………………………………………………………………………………………....

Study the following document used in home trade.
SIRO TRANSPORTERS CO. LTD
SIRO BUILDING,
OLOO STREET, NANDI ROAD
P.O BOX 100, ELDORET

SUPPLIER’S NAME & ADDRESS BUYER’S NAME & ADDRESS

HANDLING INFORMATION

QUANTITY DESCRIPTION WEIGHT(KGS) COMMODITY /ITEM NUMBER TOTAL

TRANSPORT CHARGES PAID ………………………………………………………………………………………………………………

SIGNATURE OF TRANSPORT CO. SIGNATURE OF SELLER

…………………………………………………… ………………………………………….

DATE …………………………………………. DATE ………………………………..

Name the document shown above ……………………………………………………………(1mk)
Name two uses of the document (2mks)
a)……………………………………………………………………………………………………………………………………………………………………………………………………………
b)…………………………………………………………………………………………………………………………………………………………………………………………………………...
List four costs incurred by intermediaries in the chain of distribution (4mks)
(a) …………………………………………………………………………………………………………………….... (b) ……………………………………………………………………………………………………………………....
(c) ……………………………………………………………………………………………………………………....
(d) ……………………………………………………………………………………………………………………....
Prepare ledger accounts from the following transactions relating to Tito Traders for the month of January 2015 (4mks)
January 5th sold goods for Shs 20,000 cash
10th bought furniture for Shs 50,000 on credit from Jamwal Traders
21st Paid Shs 10,000 cash to Jamwal traders
21st Returned furniture worth Shs 6,000 found damaged to Jamwal Traders

Highlight any four features of time deposit account (4mks)
(a) …………………………………………………………………………………………………………………….... (b) ……………………………………………………………………………………………………………………....
(c) ……………………………………………………………………………………………………………………....
(d) ……………………………………………………………………………………………………………………....
Name four commercial services that facilitate trade. (4mks)
(a) …………………………………………………………………………………………………………………….... (b) ……………………………………………………………………………………………………………………....
(c) ……………………………………………………………………………………………………………………....
(d) ……………………………………………………………………………………………………………………....
The following balances were extracted from the books of Njoro Traders for the period ended
31st December 2013
Ksh.
Gross profit 10,000
Salaries 2,000
Commission income 4,000
Rent received 3,000
Electricity 2,000
Carriage outwards 4,000
Prepare a profit and loss account (4mks)

Highlight four factors that determine the National income of a country. (4mks)
(a) …………………………………………………………………………………………………………………….... (b) ……………………………………………………………………………………………………………………....
(c) ……………………………………………………………………………………………………………………....
(d) ……………………………………………………………………………………………………………………....

Highlight four causes of demand pull inflation (4mks)
(a) …………………………………………………………………………………………………………………….... (b) ……………………………………………………………………………………………………………………....
(c) ……………………………………………………………………………………………………………………....
(d) ……………………………………………………………………………………………………………………....
Outline four ways in which the problem of scarce resources can be addressed by a consumer.
(4mks)
(a) …………………………………………………………………………………………………………………….... (b) ……………………………………………………………………………………………………………………....
(c) ……………………………………………………………………………………………………………………....
(d) ……………………………………………………………………………………………………………………....

Highlight four ways in which local resources can be managed to alleviate unemployment problems in Kenya. (4mks)
(a) …………………………………………………………………………………………………………………….... (b) ……………………………………………………………………………………………………………………....
(c) ……………………………………………………………………………………………………………………....
(d) ……………………………………………………………………………………………………………………....
Outline four factors that comprise a negative internal environment in a business. (4mks)
(a) …………………………………………………………………………………………………………………….... (b) ……………………………………………………………………………………………………………………....
(c) ……………………………………………………………………………………………………………………....
(d) ……………………………………………………………………………………………………………………....
The following information relates to Waruhio Traders as at 31st December 2011.

Waruhio Traders
Balance Sheet
As at 31st December 2011

Fixed Assets: Shs. Sh.
Furniture 203,000 Capital 359,000
Plus Net profit 114,000
Current Assets: 473,000
Stock 174,000 Less Drawings 73,000
Debtors 113,000 400,000
Cash at Bank 53,000 Short term liabilities:
1 year Loan 79,000
Creditors 64,000
543,000 543,000

Calculate the total current assets. (1mk)

Determine the capital owned. (2mks)

Calculate the working capital (1mk)

Given below are functions of office equipment. Identify the name of the equipment against the rightful use. (4mks)
Functions of the Machine
Office Equipment

Used in posting information to ledgers and preparing payrolls

To transmit printed messages such as photographs, letters, and maps

Usually fire proof where important documents in an organization are stored

Used to carry out many functions such as storing information, typing and performing complex calculations

Outline four factors that may give rise to monopoly power in an economy. (4mks)
(a) …………………………………………………………………………………………………………………….... (b) ……………………………………………………………………………………………………………………....
(c) ……………………………………………………………………………………………………………………....
(d) ……………………………………………………………………………………………………………………....

Mokasa Joint Examination Kenya Certificate Of Secondary Education 565/1 Paper 1 Business Studies 2015 Question Paper

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