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Form 4 Business Studies questions and answers on international trade

Form 4 Business Studies questions and answers on international trade

Lessons (23)

• 1.    Outline four benefits that Kenya derives by being a member of preferential Trade Area (PTA)
  3m 8s

• 2.    Give four reasons why it may be necessary for a country to control imports
  3m 28s

• 3.    State four benefits that a country may derive from participating in international trade
  2m 11s

• 4.    State for methods of controlling imports
  1m 49s

• 5.    State measures that Kenya may take to promote her exports
  4m 11s

• 6.    State four factors that may limit the success of trade agreements among African countries.
  2m 51s

• 7.    State the business document to which each of the following relates. a)Informs the buyer when goods were dispatched and by what means: b)A request by the seller for payment in advance c)Used to correct an undercharge in an invoice. d)Shows details of the transactions between seller and buyer during a given period.
  2m 7s

• 8.    Highlight four problems a country may have by participating in international trade.
  3m 28s

• 9.    Outline four circumstances under which a proforma invoice may be used.
  3m 9s

• 10.    Explain the following terms as used in international trade. a)LOCO b)F.O.R c)F.A.S d)Bill of landing
  1m 44s

• 11.    Country X has recorded a surplus balance of payments from its foreign trade. Outline four ways in which the country can spend these surplus earnings.
  3m 10s

• 12.    Outline five transactions which are recorded in balance of payment account of a country.
  2m 4s

• 13.    Explain the meaning and significance of the following terms as used in foreign trade. -Terms of trade -Balance of payment -Exchange rate -Balance of trade
  5m 30s

• 14.    Explain the significance of each of the following documents as used in international trade. -Bill of lading -Proforma invoice -Indent -Letter of credit:
  3m 0s

• 15.    Country X has obtained a surplus in its balance of payment. Explain the factors that may have contributed to this.
  2m 25s

• 16.    Explain the factors that may lead to deteriorating terms of trade in a country.
  3m 8s

• 17.    Highlight five benefits that Kenya gets from trading with other countries.
  2m 49s

• 18.    The domestic currency of a particular country has been depreciating over time. Highlight five disadvantages of the depreciating of the country.
  1m 35s

• 19.    Highlight five ways in which the bill of lading is useful to an importer of goods.
  1m 20s

• 20.    Outline reasons why a country would impose measures aimed at restricting trade with other countries.
  2m 51s

• 21.    Explain how the IMF is beneficial to developing economies
  1m 54s

• 22.    Outline four ways that the world bank may use to assist developing countries to improve their economy.
  1m 17s

• 23.    Discuss five reasons why less developed countries are reluctant in implementing free trade agreement
  3m 17s