MZILIKAZI HIGH SCHOOL
MID YEAR EXAMS: JULY 2024
COMMERCE
FORM 1
TIME ALLOWED: 2 HOURS
TOTAL MARKS: 50
INSTRUCTIONS
Answer all questions from both Section A and Section B
Number your answers following the numbering on the Question Paper.
For Section A, each question has four possible answers A, B, C and D. Choose the one you consider
correct and only write the letter for your chosen answer on the provided answer sheet. If for question 1,
your chosen answer is A, only write A for question 1.
For Section B, answer the question in full in the provided answer sheet.
Write your name in full and your class.
Write neatly and legibly.
You may use a calculator.
SECTION A
1 Commerce is the .
A distribution of goods B buying goods
C manufacture of goods D provision of goods and services
2 The three stages of production are ___________.
A secondary, primary, tertiary B primary, secondary, tertiary
C tertiary, secondary, primary D all of the above
3 Which one is an example of primary production?
A Farming B construction C education D all of the above
4 The following is not example of human needs.
A food B shelter C motor vehicle D clothing
5 The reward for labour is__________.
A rent B salaries and wages C interest D profit
6 Capital goods __________.
2
A are non-renewable B last for a short time
C are used to produce other goods D satisfy consumer needs directly
7 Trade is __________.
A the provision of goods and services B giving donations to the poor
C direct production of goods and services D buying and selling of goods and services
8 Traders buy and sell goods in order to __________.
A Manufacture expensive goods B Advertise expensive goods
C Make interest D Make profit
9 The exchange of goods for goods is __________.
A barter trade B foreign trade C domestic trade D all of the above
10 In Zimbabwe, which one is legal tender?
A cheques B bills of exchange C coins and notes D bearer cheques
11 Which wholesaler deals in one line of goods only?
A Cash and carry B General wholesaler
C Specialist wholesaler D Traditional wholesaler
12 A cash and carry wholesaler wholesaler does not do the following.
A cleaning production lines B one line of goods
C delivery of goods D all of the above
13 A consumer is __________.
A the final user of goods and services B a manufacturer
C someone who sings in church D all of the above
14 Which one is not a consumer right?
A The right to redress B The right to choose
C The right to luxury goods D The right to be informed
15 Which one is a business activity?
A Charity work B Learning
C Painting your own home D Farming
16 Businesses in the private sector are formed by __________.
A Central government B individuals C local government D the State
17 Coins are made up of __________.
A gold B iron ore C silver and copper D nickel
18 Domestic trade is __________.
A trade within a country B trade with other countries
C trade with your neighbours D all of the above
19 Which is the correct order of trade?
A wholesaler retailer consumer B retailer wholesaler consumer
C consumer retailer wholesaler D all of the above
20 Which one is not a problem of barter trade?
A Transportation of the goods B Dividing the goods
C Storage of the goods D Money
Total marks for Section A: 20
SECTION B
1 Complete the table below.
FACTOR REWARD
Land
Salary or wage
Interest
Organisation or enterprise
(4)
2 Distinguish between wants and needs. (4)
3 Give 2 examples of activities that take place during the secondary stage of
production. (2)
For Questions 4 to 8 below, state whether the given statements are True or False. (5)
4 The 2 main branches of trade domestic trade and foreign trade.
5 The wholesaler is the final user of goods and services.
4
6 Export trade is when a country sells its goods and services to another country
7 Caring for the environment is good consumer behavior.
8 Milk is stored in grain silos
9 State the 5 problems of barter trade. (5)
10 Name 5 consumer rights. (5)
11 Give 2 characteristics of money. (2)
12 State any 3 functions of money (3)
Total marks for Section B: 30
*****END OF QUESTION PAPER*****
