KCSE Past Papers 2015 Business Studies Paper 2 (565/2)

1 (a)Explain five uses. of National Income Statistics to a country.(10 marks)

(b) Discuss five principles that would lead to effective use of government resources. (10 marks)

2 (a) Explain five ways in which the consumer may benefit from warehousing.(10 marks)

(b)The following information was extracted from the books of Mamboleo Traders in the month of September, 2014.

September 1 - Had cash in hand, Shs15,500 and a bank overdraft of Shs 9,700.

September 3 - Bought goods for sale Shs 12,300 on credit.

September 5 - Sold good in cash Shs 8,500.

September 9 - Sold goods on credit Shs 10,000.

September 12 - Received a cheque of Shs 9,000 from a debtor.

September 15 - Paid a creditor Shs 10,000 in cash.

September 17 - Paid wages Shs 2,600 in cash.

September 19 - Received a cheque Shs 23,400 from Samson for goods sold in January.

September 20 - Received Shs 6,700 from a debtor in cash.

September 23 - Withdrew Shs 7,700 from the bank for office use.

September 24 - Paid electricity bills by cheque Shsl ,200.

September 25 - Received a cheque of Shs1l,50O from a debtor.

September 26 - Made cash sales of Shsl2,800 .

September 27 - Purchased goods worth Shs 8,950 in cash.

September 28 - Deposited personal cash Shs 3,500 into the business account.

September 30 - Paid water bills by cheque Shs 2,800.

Required:

Prepare a two column cash book. (10 marks)

3 (a) Describe five characteristics of a monopolistic competitive market. (10 marks)

(b)Explain five features of human wants. (10 marks)

4 (a) The following trail balance relates to Chui Traders as - at 31st December, 2014.

Required

Prepare Trading, Profit and Loss Account. (10 marks)

(b) Explain five methods of determining the price of a product other than price control. (10 marks)

5 (a) Explain five trends in office management. (10 marks)

(b) Explain five advantages of government involvement in business. (10 marks)

6 (a) Explain five benefits which may accrue to Kenya by being a member of the African Development Bank (ADB). (10 marks)

(b) Explain five features that are common to underdeveloped countries. (10 marks)