Kenya Certificate Of Secondary Education(KCSE 2013) Business Paper 2

1. Explain five benefits that may accrue to a country with a large proportion of skilled labour force. (10 marks)
2. Outline five characteristics of an efficient tax system. (10 marks)
1. Explain five benefits that Kenya may get as a member of C.O.M.E.S.A. (10 marks)
2. Explain five factors that may hinder economic development in Kenya. (10 marks)
1. Explain five benefits that may be realized by a country as a result of government policy to relocate industries to rural areas. (10 marks)
2. The following balances were extracted from the books of Soilo Traders on 31^st December 2010.
  
  Prepare:
  1. Trading, Profit and Loss Account for the year ended 31^st December 2010. ( 5 marks)
  2. Balance sheet as at 31^st December 2010. (4 marks)
1. Explain five advantages of advertising to the consumer. (10 marks)
2. On 1^st January 2011, Jumo Traders had shs 22,500 in cash and shs 250,000 at bank.
  During the month, the following transactions took place:
  
  Prepare a duly balance three column cash book. (10 marks)
1. Outline six circumstances under which a trader may use air transport. (12 marks)
2. Explain four ways through which a public limited company may be dissolved. (8 marks)
1. With the aid of a diagram, explain the effect of an increase in the supply of a commodity while its demand remains constant. (10 marks)
2. Explain five features of oligopoly. (10 marks)