KCSE 2024 Business Studies Paper 1 Questions and Answers
KCSE 2024 Business Studies Paper 1 Questions and Answers
This page contains the official Kenya National Examinations Council (KNEC) KCSE question papers and marking schemes from the 2024 KCSE examination. Below, you will find the complete set of questions as they appeared to candidates in the exam hall, followed by the official marking scheme used by examiners. Use these authentic KCSE past papers and answers to practice under the real KCSE exam conditions and effectively revise for the KCSE examinations.
Question 1/25
Outline four factors that may determine the fertility rate of a population.
Question 2/25
State the unit of carriage for each of the following modes of transport.
Mode of transport: Unit of Carriage
a. Porterage:
b. Road:
c. Sea:
d. Air:
Question 3/25
A dairy farmer sold milk to the cooperative society at Sh. 370. The cooperative society processed and sold the milk to ABC wholesalers at Sh. 400. ABC wholesalers sold to K tailers at Sh. 440, who then sold to the consumer at Sh. 510. Calculate the total value added to the product. (4 marks)
Question 4/25
XBC company has been listed on the Nairobi Securities Exchange (NSE). Outline four advantages of the XBC company being listed on the NSE. (4 marks)
Question 5/25
Outline four factors that can lead to business success. (4 marks)
Question 6/25
Identify four reasons that may influence a consumer to satisfy basic wants before secondary wants. (4 marks)
Question 7/25
Jane is the personal secretary to the CEO of Mwangaza company. Outline four of her responsibilities in the company.
Question 8/25
In the recent past, Kenya has been improving its infrastructure. Highlight four trends in the transport sector.
Question 10/25
Outline four demerits of government involvement in business in the country (4 marks)
Question 11/25
Sole traders prepared a balance sheet as at 31st December 2023. Highlight four uses of this financial report to the business. (4 marks)
Question 12/25
Outline four factors that may lead to a favourable balance of payments for a country. (4 marks)
Question 13/25
Highlight four features of a bonded warehouse. (4 Marks)
Question 14/25
Identify the business units that match the description given in the following table. (4 marks)
Description – Business unit
(a) In the event of a member’s death, the business has to be dissolved
(b) Can only start operating once it receives a certificate of incorporation
(c) Managed by a committee of nine members who are elected in an annual general meeting
(d) Formed by a minimum of seven members with no maximum membership
Question 15/25
Ubora Traders is operating an electrical shop and has introduced a new product in the market. Highlight four reasons why it may need to promote the new product. (4 marks)
Question 16/25
State four internal sources of public finance (4 marks)
Question 17/25
Highlight four factors that may facilitate a high rate of economic development. (4 marks)
Question 18/25
The following are types of taxes: corporate tax, customs duty, estate duty, and excise duty. Identify which type of tax matches each of the following statements. (4 marks)
Statement – Tax
a) Tax levied on manufactured goods
b) Tax levied on wealth of a person after death
c) Tax levied on entry of goods into a country
d) Tax levied on profits of business enterprises
Question 19/25
Post the following information of a sales journal to the relevant ledger accounts. (4 marks)
Question 20/25
Outline four benefits of trade to the economy of Kenya. (4 marks)
Question 21/25
Mr. Mutweri, a principal of Mutito School, wants to inform the parents on the upcoming prize-giving day event at the school. State four factors he should consider on the means of communication to use. (4 marks)
Question 22/25
State four external economies of scale that a firm may enjoy when operating on a large scale. (4 marks)
Question 23/25
A business involves itself in multiple transactions that affect accounting in its daily activities. Identify four examples of such business transactions. (4 marks)
Question 24/25
Classify each of the following production activities as either primary, secondary or tertiary.
Activity – Level of Production
a) Quarrying
b) Plaiting someone’s hair
c) Growing crops
d) Constructing a house
e) Transportation of raw materials
f) Grinding maize
g) Baking bread
h) Teaching in a classroom
The following information was extracted from the books of Malisafi Traders on 30th April 2022.
Details
Purchases – Sh. 260,000
Creditors – Sh. 80,000
Motor vehicles – Sh. 240,000
Sales – Sh. 330,000
Debtors – Sh. 90,000
Capital – Sh. 300,000
Cash at bank – Sh. 20,000
Stock – Sh. 100,000
Required:
Prepare Malisafi Traders’ Trial Balance as at 30th April 2022.
Access the KCSE 2024 Business Studies Answers