Download and practise with this ZIMSEC O-Level Commerce Paper 1 June 2024 question paper. Useful for exam revision, past paper practice, and preparation in Zimbabwe.
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Answers: Commerce Suggested Marking Guide
This is the ZIMSEC O-Level Commerce question paper for Paper 1 from June 2024. Use it for exam practice under timed conditions, then check your work against the marking scheme. Time allowed: 1 hour 15 minutes. See the marking scheme.
# ZIMBABWE SCHOOL EXAMINATIONS COUNCIL General Certificate of Education Ordinary Level **PAPER 1 Multiple Choice** ## JUNE 2024 SESSION Additional materials: Multiple Choice answer sheet Soft clean eraser Soft pencil (type B or HB is recommended) ### INSTRUCTIONS TO CANDIDATES Answer all questions. For each question, there are four possible answers, A, B, C and D. Choose the correct answer. Record your choice in soft pencil on the answer sheet provided. Read very carefully the instructions on the answer sheet. ### INFORMATION FOR CANDIDATES There are forty questions in this paper. Each correct answer will score one mark. Any rough working should be done on this question paper. ## Question 1 The diagram below shows business units in the private sector.  What does X represent? A parastatals B public corporations C public limited companies D utility companies ## Question 2 An example of Psychographic segmentation is A age. B culture. C gender. D lifestyle. ## Question 3 Which method of promotion makes use of mail order catalogue? A celebrity endorsements B direct marketing C personal selling D public relations ## Question 4 Goods in entrepot trade are kept in a A bonded warehouse. B producer warehouse. C retailer warehouse. D wholesaler warehouse. ## Question 5 A special commodity warehouse for keeping fuel is a A calabash. B cellar. C silo. D tank. ## Question 6 Which facility is provided by airport authorities? A dredging B dry docks C hangars D quays ## Question 7 The role of underwriters in insurance is A assessing the data to predict future trends. B collecting statistical information. C deciding whether risks should be shared. D preparing reports for management. ## Question 8 Which one is taken together with fire insurance? A Consequential loss B Hull insurance C Freight insurance D Public liability ## Question 9 Gross profit refers to A current assets minus current liabilities. B net sales minus cost of goods sold. C the amount of capital used for the day to day running of a business. D the circulating capital. ## Question 10 Which characteristic of money is the same as recognisable? A Durable B Identifiable C Scarce D Uniform ## Question 11 Which is an external source of finance? A hire purchase B retained profits C sale of assets D selling shares ## Question 12 Which statement describes controlling as a management function? A giving workers instructions on what to do B making sure there are sufficient raw materials C putting together departments in an organisation D verifying whether activities are done according to a plan ## Question 13 Which document is issued by the Registrar of Companies when a company is registered? A Articles of Association B Certificate of Incorporation C Memorandum of Association D Prospectus ## Question 14 Which is a feature of Small to Medium Enterprises (SMEs)? A They aim at mass marketing. B They appoint a board of directors. C They invest personal assets into the business. D They have limited liability. ## Question 15 Who monitors International Standards of products performance? A the Advertising Media Association (ADMA) B the Citizens Advice Bureau (CAB) C the Consumer Council of Zimbabwe (CCZ) D the Standards Association of Zimbabwe (SAZ) ## Question 16 Which product is sold at a wholesale produce market? A eggs B cars C furniture D stationery ## Question 17 Traders give trade discount to their customers to A encourage customers to buy from the same supplier. B encourage customers to pay promptly. C improve cash flow of a firm. D reduce risk of bad debts. ## Question 18 Balance of payments is A invisible imports less invisible exports. B total exports less total imports. C total imports less visible exports. D visible imports less visible exports. ## Question 19 A cooling off period is a feature of A deferred payments. B hire purchase. C informal credit. D revolving credit. ## Question 20 The role of Finance Houses in Hire purchase transactions is to A pay a deposit for goods bought on credit. B provide capital to traders. C repossess goods if the buyer defaults. D sue the buyer if payments are not met. ## Question 21 Which resource is regarded as cultural heritage? A capital B enterprise C labour D land ## Question 22 The transfer of resources from foreign to local ownership is A commercialisation. B indigenisation. C nationalisation. D privatisation. ## Question 23 A marketing concept in which customers' needs are considered before developing the product is A market concept. B product concept. C production concept. D selling concept. ## Question 24 The use of Global Positioning Remote Sensing (GPRS) is A e-ticketing. B e-tolling. C fleet management. D increasing speed. ## Question 25 The following are advantages of facsimile transmission except that A dialogue and teleconferencing are possible. B exact images can be sent instantly. C information can be sent at anytime. D several copies can be sent at any given time. ## Question 26 Which risk is covered by Export Credit Guarantee Corporation (ECGC)? A exchange rate fluctuations B insolvency of the exporter C losses due to civil disturbances D marine insurance risks ## Question 27 The formulation of national financial policy is done by a A central bank. B commercial bank. C merchant bank. D savings bank. ## Question 28 The following are contents of a business plan except A an executive summary. B a financial plan. C an industrial design. D a market analysis. ## Question 29 The following is a document used in trade. | Bill to | Siziba High School PO Box 5 Gweru | | Modern wholesalers 5 Street Gweru | | | :--- | :--- | :--- | :--- | :--- | | Date : 12 February 2018 <br> Terms COD Order No 1650 | | | | | | Product code | Description | …