Name: Business Studies Paper 2: Form 4 QA Model – Document ID 20250302001
Brand: 8-4-4 Exams and Tutorials
SKU: 1165
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Business Studies Paper 2: Form 4 QA Model – Document ID 20250302001

Featured Questions

Here are all the featured questions from the KCSE mock examination paper for Business Studies, Paper 2:

(a) Explain five characteristics of a monopolistic market structure. (10 marks)
(b) Advise Kimaiyo, an investor in marine transport, on five policies that he needs to take cover for his investments. (10 marks)
(a) Explain five means of payment used in home trade. (10 marks)
(b) Discuss five benefits to the Kenyan economy as a member of the East African Community. (10 marks)
(a) Outline five benefits to a nation that engages in indirect production. (10 marks)
(b) Explain five measures that can be taken to curb the problem of unemployment in Kenya. (10 marks)
(a) Describe the procedure of recording business transactions in ledger accounts. (10 marks)
(b) Explain five factors that may lead to demand-pull inflation. (10 marks)
(a) Explain five reasons why state-owned corporations are being converted into public limited companies. (10 marks)
(b) The table below shows prices and quantity of commodity X supplied in a market for the 1st quarter of the year 2013. Explain five factors that may have led to the change in the quantities supplied. (10 marks)
(a) Outline four elements of transport. (8 marks)
(b) Record the following transactions of Mutei traders in the relevant books of original entry. (12 marks)
- Transactions:
  - Jan 1: Credit sales to: Kipchoge shs. 26,000, Hassan 20,000.
  - Jan 3: Credit purchases from: Ndegwa sh 12,000, Mudavadi sh 28,000, Kamau sh 40,000.
  - Jan 7: Returned goods to suppliers: Mudavadi sh 4,000, Kamau sh 5,000.
  - Jan 14: Credit sales: Waswa sh 9,000, Otieno sh 16,500, Kalya sh 34,000.
  - Jan 18: Goods returned by customers: Waswa sh 500, Otieno sh 2,500.
  - Jan 22: Credit purchases from: Kamau sh 24,000, Oleitiptip sh 32,000, Mulwa sh 14,000, Kimaru sh 17,000.
  - Jan 26: Goods returned by customers: Kalya sh 3,000.
  - Jan 28: Credit sales: Ed Musi sh 8,000, Abdi sh 43,000, Waswa sh 11,000.

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Description

Structure of the Document

Header Information:
- Space for the candidate’s name, index number, signature, and date.
- An indication of the time allocated for the exam, which is 2½ hours.
Instructions:
- Candidates are instructed to answer any five out of the six questions presented in the paper.
- All questions carry equal marks, and the total score for the paper is 100 marks.

Content of the Examination

The paper consists of six questions, each divided into two parts (a and b), covering a wide range of topics related to business studies. The questions are designed to test both theoretical knowledge and practical application in various business scenarios:

Market Structures:
- Characteristics of a monopolistic market structure and advice for an investor in marine transport regarding investment policies.
Means of Payment and Economic Benefits:
- Means of payment used in home trade and the benefits to the Kenyan economy as a member of the East African Community.
Production and Employment:
- Benefits of engaging in indirect production and measures to curb unemployment in Kenya.
Recording Transactions:
- The procedure for recording business transactions in ledger accounts and factors that may lead to demand-pull inflation.
Privatization of State Corporations:
- Reasons for converting state-owned corporations into public limited companies and analysis of factors influencing changes in the quantities supplied in a market.
Elements of Transport and Transaction Recording:
- Elements of transport and recording of various transactions in the relevant books of original entry.

Marking Scheme

The document includes a detailed marking scheme that outlines acceptable answers and explanations for each question. This provides clarity on what examiners will look for in candidates’ responses. Some of the key points covered in the marking scheme include:

Characteristics and dynamics of different market structures.
Various means of payment in trade and their applications.
Economic advantages of regional cooperation and production methods.
Procedures for accurately recording financial transactions and understanding inflationary pressures.
The rationale behind privatization and factors affecting supply in the market.