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NILANDHOO SCHOOL GA.NILANDHOO REPUBLIC OF MALDIVES FIRST TERM TEST - 2011

GRADE 9

COMMERCE
PAPER 2

7100/02 24th MAY, TUESDAY 2 HOURS

Additional materials: Answer booklet

READ THESE INSTRUCTIONS FIRST

If you have been given an Answer Booklet, follow the instructions on the front cover of the Booklet. Write in blue or black pen on both sides of the paper.

Answer any four questions. At the end of the examination, fasten all your work securely together. The number of marks is given in brackets [ ] at the end of each question or part question.

This document consists of 3 printed pages [Turn over

Answer any four set questions 1 (a) Point out the difference between Wholesaler and a Retailer? (b) Examine the main reasons for the elimination of the wholesaler? (4) (8)

(c) Who is a Sole-Trader? Point out the advantages of a sole -trader business? (3) (d) Explain the important features of a limited company? (3) (e) Who is a wholesaler? 2 (a) Explain the difference between public limited and private limited company?(6) (b) Examine the factors to be consider before starting a business? (5) (2)

( c) Explain the different types of wholesaler?

(5)

(d)Define stock exchange ?Explain what are the functions of a stock broker? (4) 3 ( a) Poin t out the difference between sole trade and limited company (b) What are the features of limited company? ( c) Examine the features of public limited company? (6) (4) (4)

(d) Point out the main difference between public limited company a nd a private limited Company? 4 (a) What are the important documents involved in the formation of a limited company? (b) Analyse the ways of capital formation for starting a company (c) Analyse the main factors to be consider in starting a business. (d) What is meant by the term, Multi-national companies ? (6) (5) (5) (4) (6)

FIRST TERM TEST 2011

(COMMERCE-7100/02) GR:9

3 5 (a) Differentiate between nationalization and privatization (b)Point out the main difference between private sector and public sector (c)Define then term Bank ? (d) Point out the qualities of money? (e) Examine the important functions of money? 6 (a) Analyse the main f unctions of the central bank (8) (2) (6) (2) (4) (6)

(b) What is meant by cheque system ? Point out the ma in contents involved in a Cheque? (c)Point out the ways in which a cheque can be dishonoured (6) (6)

7 (a) Explain the different types of commodity exchange? (b) Define consumer credit? (c) Examine the advantages of buying on credit? (d) Point out any four advantages of hire -purchase system for the consumer (e) Differentiate between hire -purchase and instalment system

(5) (2) (4) (2) (7)

(a) Examine the main provisions of the consumer credit act of 1974? (b) Examine the important principles of insurance?

(6) (8)

(c) Assess the main factors to be consider before fixing the premium of Motor car (6)

FIRST TERM TEST 2011

(COMMERCE-7100/02) GR:9