O level Commerce Quiz 4049/1 specimen paper 1

#1. The purpose of an indent is to state the

goods required.

goods delivered.

goods insured.

goods available.

#2. Which is not mass marketing?

everyone should be a customer of the product

making products which have a universal appeal

creation of generic brands and brand loyalty

tailoring a product to a particular type of customer

#3. Which service enables people in different locations to speak face to face?

prestel

franking

confravision

Datel

#4. Which is not true of Private Limited Companies and Public Limited Companies?

both have a minimum of two shareholders

both have limited liability

both sell shares at the stock exchange

both are financed by shareholders

#5. The diagram shows sources of finance available to “BEN AND TICH” Pvt Limited Company.Which of the above does not attract interest?

D

C

A

B

#6. Which is a risky investment?

cumulative preference shares

ordinary shares

participating preference shares

redeemable shares

#7. Which medium can a school use to advertise broilers?

poster

radio

television

magazine

#8. Which telecommunication sends exact copies of diagram?

data post

telex

facsimile

radio paging

#9. In containerisation, the term “groupage” means

transporting consignments to different destinations.

using one container for a number of consignments.

transporting a number of containers in one ship.

storing containers in one warehouse.

#10. Which organisation finances foreign trade?

Post Office Saving Bank

Building society

Merchant Bank

Reserve Bank of Zimbabwe

#11. A wholesale formed by farmers is a

co-operative wholesale society.

specialist wholesaler.

cash and carry wholesaler.

general wholesaler.

#12. Which is a function of the Consumer Council of Zimbabwe (CCZ)?

test goods for quality

establish consumer shops

fix prices of goods

advise consumers of best buys

#13. The reward for enterprise is

Profit

Interest

Rent

Wages

#14. Which product is suitable for a niche market?

blankets

chocolates

clothes

bread

#15. Freightliners are

cargo ships operating on regular routes.

inter-continental cargo aeroplanes.

tankers carrying large amounts of oil.

high speed, long distance cargo trains.

#16. Which is an objective of the Small Enterprise Development Corporation (SEDCO)?

It fights poverty in middle and low income nations.

It provides long-term infrastructural finance for construction of roads.

It is a non-profit making financial organisation.

It encourages and assists in the formation of co-operatives

#17. The term “limited” in an incorporated business means that

the liability of shareholders is limited.

the number of shareholders is restricted.

the number of shares is limited.

the amount of goods sold is limited.

#18. Which is not an advantage of specialisation?

craftsmanship is developed

prices of goods are reduced

quality of goods is improved

more goods are produced

#19. What is not considered when calculating the balance of trade?

value of goods exported

entry fees paid by tourists

value of goods imported

duty paid for imported goods

#20. Which insurance principle states that the insured must not make a profit?

indemnity

average clause

insurable interest

utmost good faith

#21. Which policy falls under assurance?

pluvious policy

endowment policy

consequential loss policy

mortgage guarantee policy

#22. Which is not a characteristic of an entrepreneur?

self minded

self starter

self confidence

self discipline

#23. Which document states the objects of a company?

Certificate of Incorporation.

Company Prospectus

Articles of Association.

Memorandum of Association.

#24. Which policy covers customers injured within the shop?

employers liability

public liability

comprehensive

fidelity guarantee

#25. The service offered by building societies is

offering salaries to civil servants.

offering loans to start a business.

offering loans to build houses.

offering overdrafts as working capital.

#26. X insures his car valued at $20 000 against accidents for $12 000. Later the car is involved in an accident and the cost of repairs is $6 000. What amount will the insurance company pay as compensation?

$20 000

$3 600

$6 000

$12 000

#27. Which is not a function of the Reserve Bank of Zimbabwe?

replacing worn-out notes

clearing of cheques

accepting deposits from the public

allocating foreign currency

#28. X insures his car valued at $20 000 against accidents for $12 000. Later the car is involved in an accident and the cost of repairs is $6 000.Which principle is applied to determine the compensation?

proximate cause

average clause

subrogation

contribution

#29. Which mode of communication is considered as formal?

E-mail

Facebook

Skype

#30. Which is not allowed in a bonded warehouse?

selling goods

manufacturing goods

exporting goods

branding goods

#31. Which mode of communication can a trader use to encourage customers to respond to a survey?

free post

business reply service

poste restante

express mail service

#32. Which document is used to request payment from customers?

delivery note

advice note

statement of account

order form

#33. Trade Measures Act deals with

value of goods.

quality of goods.

prices of goods.

weight of goods.

#34. Which action is taken to correct an unfavourable balance of payment?

reduce customs duty

remove import quotas

reduce foreign currency allocation

import more goods

#35. Which is the correct order in the production process?

commercial → primary → secondary

primary → commercial → secondary

primary → secondary → commercial

commercial → secondary → primary

#36. A document used when goods are transported by sea is a bill of

Exchange

Lading

Carriage

Entry

#37. Why has the volume of cargo carried by air increased?

speedy movement of goods

low maintenance charges

no transhipment of cargo

economic use of fuel

#38. Which type of warehouse is located near customers?

manufacture’s warehouse

retailer’s warehouse

bonded warehouse

wholesaler’s warehouse

#39. In which stage of production is more value added to goods?

Subsistence production

Primary production

Secondary production

Direct production

#40. Which is a producer good?

Television

car

umbrella

Tractor

O level Commerce Quiz 4049/1 specimen paper 1

#1. The purpose of an indent is to state the

#2. Which is not mass marketing?

#3. Which service enables people in different locations to speak face to face?

#4. Which is not true of Private Limited Companies and Public Limited Companies?

#5. The diagram shows sources of finance available to “BEN AND TICH” Pvt Limited Company.Which of the above does not attract interest?

#6. Which is a risky investment?

#7. Which medium can a school use to advertise broilers?

#8. Which telecommunication sends exact copies of diagram?

#9. In containerisation, the term “groupage” means

#10. Which organisation finances foreign trade?

#11. A wholesale formed by farmers is a

#12. Which is a function of the Consumer Council of Zimbabwe (CCZ)?

#13. The reward for enterprise is

#14. Which product is suitable for a niche market?

#15. Freightliners are

#16. Which is an objective of the Small Enterprise Development Corporation (SEDCO)?

#17. The term “limited” in an incorporated business means that

#18. Which is not an advantage of specialisation?

#19. What is not considered when calculating the balance of trade?

#20. Which insurance principle states that the insured must not make a profit?

#21. Which policy falls under assurance?

#22. Which is not a characteristic of an entrepreneur?

#23. Which document states the objects of a company?

#24. Which policy covers customers injured within the shop?

#25. The service offered by building societies is

#26. X insures his car valued at $20 000 against accidents for $12 000. Later the car is involved in an accident and the cost of repairs is $6 000. What amount will the insurance company pay as compensation?

#27. Which is not a function of the Reserve Bank of Zimbabwe?

#28. X insures his car valued at $20 000 against accidents for $12 000. Later the car is involved in an accident and the cost of repairs is $6 000.Which principle is applied to determine the compensation?

#29. Which mode of communication is considered as formal?

#30. Which is not allowed in a bonded warehouse?

#31. Which mode of communication can a trader use to encourage customers to respond to a survey?

#32. Which document is used to request payment from customers?

#33. Trade Measures Act deals with

#34. Which action is taken to correct an unfavourable balance of payment?

#35. Which is the correct order in the production process?

#36. A document used when goods are transported by sea is a bill of

#37. Why has the volume of cargo carried by air increased?

#38. Which type of warehouse is located near customers?

#39. In which stage of production is more value added to goods?

#40. Which is a producer good?

Results

Related posts:

Related posts:

Related posts:

Leave a Reply Cancel reply

Recent Posts

Join Our WhatsApp Groups

Join Eduzim WhatsApp Groups

Pages

Latest Comments

Ad