Questions

1. Kenya relies heavily on oil as a source of energy. State four reasons why the country should develop alternative sources of energy. (4mks)

2. State four reasons why consumers have to make a choice between competing needs. (4mks)

3.State four characteristics of human wants. (4mks)

4. State three basic wants that individuals in a society have (3mks)

5. highlight four disadvantages of mining as an economic activity (4mks)

6.State four reasons why a government may decide to control the exploitation of its natural resources

7. Highlight four advantages of large - scale business organization. (4mks)

8. in the spaces provided, indicate by writing true or false whether each of the following statements is true or false about articles of association of a company. (5mks) Statement True / false

a) It contains the activities the company is engaged in

b) Indicates the procedures to be followed in calling meetings

c) It contains details of election procedures

d) It indicates the liabilities of the shareholder

e) It contains the rights of each shareholders

9.State five advantages of sole proprietorship form of business (5mk)

10.Outline four benefits that Kenya may derive from multi - national operating in the country. (4mks)

11. State four advantages of a partnership over a sole -proprietorship. (4mks)

12. Highlight benefits an investor gets by buying debentures. (4mks)

13.highlight four benefits of joining a savings and credit co - operative society. (4mks)

14.State four advantages of a hawker over a shopkeeper. (4mks)

15.Highlight four factors that may have hindered the growth of co-operative movements in Kenya. (4mks)

16.in the spaces provided below, indicate with a tick whether each of the following

17. State four ways in which the nature of goods would influence the choice of transport. (4mks)

18.Outline four reasons why a transporter of goods from Mombassa to Nairobi may prefer rail transport to road transport. (4mks)

19. State the unit of carriage for each of the following modes of transport. (5mks) .

20.list four ways in which transport promotes growth of trade. (4mks)

21. State four reasons why road transport is popular in Kenya. (4mks)

22 Give 3 disadvantages of railway transport in Kenya.

23.List 4 disadvantages of using containers to transport goods. (4mks)

24. Explain five reasons that may account for continued use of hand carts as a mode of transport in Kenya. (12mks)

25. The oil pipeline has recently been extended from Nairobi to western Kenya. Explain five benefits that may be accounted to the country from the extension. (10mks)

26. Explain five ways in which an efficient road transport system may promote trade within a country. (10mks)

27. Discuss five factors that have hindered the expansion of railway transport in Kenya. (10mks)

28.Explain five features of an efficient transport system (8mks)

29.Explain the advantages of pipeline as a mode of transporting oil products. (12mks)

30.Outline five factors that should be considered when choosing a means of transport. (10mks)

31. Explain six advantages of containerization as a mode of transport. (10mks)

32. Discuss six factors that may discourage the use of pipeline as a means of transporting petroleum products in a country. (12mks)

33.Discuss 5 circumstances under which a trader may choose to transport goods by rail. (10mks)

34. Explain four ways in which the insurance industry contributes to the development of Kenya's economy. (10mks)

35.Discuss various insurance policies under which an insurance company would not compensate the insured in the event of the loss. (10mks)

36. Discuss various insurance policies that the owner of a supermarket may find it useful for the business. (12mks)

37. Explain four benefits of the 'pooling of risks' to an insurance company. (8mks)

38. Explain the factors that nay make it necessary for an insurance company re-ensure. 39.Explain the meaning of the following terms as used in insurance (10mks)

i) Uberrimae fidei

ii) Indemnity

iii) Third party motor vehicle insurance

iv) Contribution.

v) Subrogation

40. Discuss four circumstances under which an insurance contract may be terminated. (8mks)

41. Explain five benefits that could be enjoyed by a person who decided to take out an endowment policy.