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Form 4 Business Studies questions and answers on international trade

Country X has obtained a surplus in its balance of payment. Explain the factors that may have contributed to this.

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Explanation/Answer Text:

-High earnings from exports than payments for imports
-Low importation from citizens
-Increased price of exports.
-Decreased prices of imports.
-Improved economy or raised domestic products
-Restricted importation

Questions/Lessons List

1. Outline four benefits that Kenya derives by being a member of preferential Trade Area (PTA) ( free lesson)

2. Give four reasons why it may be necessary for a country to control imports ( free lesson)

3. State four benefits that a country may derive from participating in international trade ( free lesson)

4. State for methods of controlling imports ( free lesson)

5. State measures that Kenya may take to promote her exports ( free lesson)

6. State four factors that may limit the success of trade agreements among African countries. ( free lesson)

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 ( free lesson)

8. Highlight four problems a country may have by participating in international trade. ( free lesson)

9. Outline four circumstances under which a proforma invoice may be used. ( free lesson)

10. Explain the following terms as used in international trade. a)LOCO b)FOR c)FAS d)Bill of landing ( free lesson)

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. ( free lesson)

12. Outline five transactions which are recorded in balance of payment account of a country. ( free lesson)

13. Explain the meaning and significance of the following terms as used in foreign trade. -Terms of trade -Exchange rate -Common market ( free lesson)

14. Explain the significance of each of the following documents as used in international trade. -Bill of lading -Proforma invoice -Letter of credit ( free lesson)

15. Country X has obtained a surplus in its balance of payment. Explain the factors that may have contributed to this. ( free lesson)

16. Explain the factors that may lead to deteriorating terms of trade in a country. ( free lesson)

17. Highlight five benefits that Kenya gets from tading with other countries. ( free lesson)

18. The domestic currency of a particular country has been depreciating over time. Highlight five disadvantages of the depreciating of the country. ( free lesson)

19. Highlight five ways in which the bill of lading is useful to an importer of goods. ( free lesson)

20. Outline reasons why a country would impose measures aimed at restricting trade with other countries. ( free lesson)

21. Explain how the IMF is beneficial to developing economies ( free lesson)

22. Outline four ways that the world bank may use to assist developing countries to improve their economy. ( free lesson)

23. Discuss five reasons why less developed countries are reluctant in implementing free trade agreement ( free lesson)

Form 4 Business Studies questions and answers on international trade

Explanation/Answer Text:

Questions/Lessons List

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