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Form 4 Business Studies questions and answers on international trade
Form 4 Business Studies questions and answers on international trade
Total of
23
Lessons
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1.
Outline four benefits that Kenya derives by being a member of preferential Trade Area (PTA)(
)
2.
Give four reasons why it may be necessary for a country to control imports(
)
3.
State four benefits that a country may derive from participating in international trade(
)
4.
State for methods of controlling imports(
)
5.
State measures that Kenya may take to promote her exports(
)
6.
State four factors that may limit the success of trade agreements among African countries.(
)
7.
State the business document to which each of the following relates. a)Informs the buyer when goods were dispatched and by what means: b)A request by the seller for payment in advance c)Used to correct an undercharge in an invoice. d)Shows details of t(
)
8.
Highlight four problems a country may have by participating in international trade.(
)
9.
Outline four circumstances under which a proforma invoice may be used.(
)
10.
Explain the following terms as used in international trade. a)LOCO b)FOR c)FAS d)Bill of landing(
)
11.
Country X has recorded a surplus balance of payments from its foreign trade. Outline four ways in which the country can spend these surplus earnings.(
)
12.
Outline five transactions which are recorded in balance of payment account of a country.(
)
13.
Explain the meaning and significance of the following terms as used in foreign trade. -Terms of trade -Exchange rate -Common market(
)
14.
Explain the significance of each of the following documents as used in international trade. -Bill of lading -Proforma invoice -Letter of credit (
)
15.
Country X has obtained a surplus in its balance of payment. Explain the factors that may have contributed to this.(
)
16.
Explain the factors that may lead to deteriorating terms of trade in a country.(
)
17.
Highlight five benefits that Kenya gets from tading with other countries.(
)
18.
The domestic currency of a particular country has been depreciating over time. Highlight five disadvantages of the depreciating of the country.(
)
19.
Highlight five ways in which the bill of lading is useful to an importer of goods.(
)
20.
Outline reasons why a country would impose measures aimed at restricting trade with other countries.(
)
21.
Explain how the IMF is beneficial to developing economies(
)
22.
Outline four ways that the world bank may use to assist developing countries to improve their economy.(
)
23.
Discuss five reasons why less developed countries are reluctant in implementing free trade agreement(
)
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