Author: KNEC notes and Past Papers

1. State four reasons why the government should control activities on monopoly 2. The following diagram shows how price and output is determined under monopolistic competition Name the curves: 3. The diagram below represents the short-run equilibrium of a firm Read More …

1 . Highlight four ways a trader benefits from localization of industries 2. State four factors that determine the size of a firm 3. Highlight four measures the government may take to promote delocalization in the country 4. Highlight four Read More …

1. Outline four factors that influence both demand and supply of a commodity 2. State four factors that may result into an increase in the supply of a product in the market 3. State three circumstances under which a fall Read More …

1. For each of the following production activities, indicate whether it is direct or indirect type of production Activity Type  of  production i) An individual washing  his own clothes ii) An individual supplying beef  in an area iii) An individual  Read More …

1. Kazi moto insured a motor vehicle against fire with MotoMoto company by paying Kshs.300.000. later the car was destroyed at a garage and a compensation of Kshs. 400,000 were paid. Using insurance terms, state what each of the following Read More …

1. State four functions of warehousing 2. Under what circumstances can the location of a warehouse be seen to be inappropriate 3. State four reasons why it is suitable to locate a bonded warehouse at the point of entry of Read More …

1. State four circumstances that make rail transport more desirable than road 2. Highlight four measures that the government can take to make road transport in our country to be more efficient 3. Marine transport is one of the important Read More …

1. State four reasons why the government issues licenses to businesses 2. State any four limitation of consumer initiated methods in compating exploitation. 3. Highlight four services offered by the local authorities in Kenya 4. Outline four ways in which Read More …

1. Write in full the following abbreviations: i) Franco ii) O.N. iii) C.W.O iv) I.O.U 2. Outline the difference between the following types of wholesalers: i) Rack jobbers and drop shippers ii) Specialized and generalized wholesalers. 3. State four circumstances Read More …