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Business Studies Paper 1 Question Paper

Business Studies Paper 1 

Course:Secondary Level

Institution: Kcse question papers

Exam Year:2003



1 a) Explain five feature of an underdeveloped country. 10 marks
b) Explain the features of a monopoly market. 10 marks
2 a) Explain 5 advantages of free trade. 10 marks
b) Explain 5 economies of scales that a large firm will accrue. 10 marks
3 a)Explain 6 ways which can be used to reduce unemployment. 12 marks
b) Explain 4 limitations of using the trial balance. 8 marks
4 a) Explain three functions of a three- column cash book. 6 marks
b) Explain 7 characteristics of an entrepreneur. 14 marks
5 a) Explain 5 circumstances that may lead to a cheque being dishonored. 10 marks
b) Explain 5 function of non- bank financial institutions. 10 marks




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