REVISION QUESTIONS (SOURCE KENYA NATIONAL EXAMINATION COUNCIL)
June/July 2013
- Evaluate five major weakness of Adam smith’s theory of economic development.
- Explain five problems encountered in constructing a common index of development relating to social indicators in measurement of economic development
- In the recent years, Kenya has not been able to stimulate the objectives of level employment. Analyze five factors that may have hindered the objective of stimulating the level of employment
- Discuss five challenges of development plans in developing countries
- Describe five factors that may limit occupational mobility of labor in a country
- Explain five stages of economic development as stipulated by Rostow
- Country RED has been experiencing a very high rate of inflation in the recent past. Explain five reasons how demand pull inflation may negatively affect country RED’s economy.
- Evaluate five reasons that have necessitated most countries to impose trade restrictions in their international trade.
June/July 2011
- Explain the meaning of the following types of unemployment
- Structural unemployment
- Frictional unemployment
- Seasonal unemployment
- Cyclical unemployment
- State and explain six sources of government revenue
- Distinguish between the following terms;
- Balance of trade and balance of payment
- State and explain three accounts of balance of payments
- Explain the meaning of income distribution
- State and explain four arguments in favour of equitable distribution of income
- Explain the meaning of the following tools of unionism
- Collective bargaining
- Mediation
- Arbitration
- Strike
- Explain the meaning of the cost –push inflation
- State and describe five causes of cost-push inflation
- Explain five advantages of population increase to a country’s economy
- State and explain five characteristics of the under developed countries
Oct/Nov 2011
1.
State and explain
five causes of inequality in distribution of national income
2.
Distinguish between
direct and indirect tax
3.
State and explain
three advantages of direct tax
4.
State and explain
five monetary measures adopted by the central bank of any country to control
the supply of money in circulation
5.
Explain five main
objectives of the international Monetary fund I.M.F
6.
State and describe
five factors of economic growth
7.
Explain the meaning
of development planning
8.
State and explain
four reasons why development planning is necessary
9.
State and explain
four functions of money
10.
State and explain
six types of structural unemployment
Octo/Nov 2009
1.
Define the term
fiscal policy
2.
State and explain three
objectives of the fiscal policy
3.
State and explain
six methods adopted to overcome obstacles to the process of economic
development
4.
Differentiate
between free trade and protection policy
5.
State and explain
three arguments in favour of protection policy in any country
6.
State and explain
five methods of credit control adopted by central bank
7.
Explain the meaning
of the following terms;
a.
Ageing population
b.
Declining population
c.
Demography
d.
Demographic
transition
8.
State and explain
six effects of deflation on the society
9.
Explain the meaning
of the following types of unemployment
a.
Frictional
b.
Residual
c.
Voluntary
d.
Hidden
e.
Casual
10.
Explain five
difficulties encountered in the measurement of national income
Oct/Nov 2008
1.
Discuss five
economic factors that determine economic growth
2.
Distinguish between
economic development and economic growth
3.
Explain four effects
of population growth on the environment
4.
Evaluate four
strategies that can be used to overcome manpower shortages and surpluses in
less developed countries
5.
Distinguish between
money market and capital market
6.
Analyze four
functions of money market in Kenya
7.
Highlight five
policy measures that a country can use to reduce wealth inequalities
8.
Explain five reasons
against international trade restriction
9.
Clearly explain the
role of budgetary management in economic development
10.
In the context of
international trade, outline the concept of comparative advantage with
specialization
11.
Distinguish between
deficit budget and balanced budget
Oct/Nov 2007
1.
Describe five ways
in which a nations’ productive potential can be increased
2.
Highlight five
advantages of economic integration East Africa
3.
Outline four impacts
of trade unions upon the management of an organization
4.
Explain six measures
which can be taken by a government to correct unfavorable balance of payment
5.
Explain four types
of temporary unemployment
6.
Per capita income is
often used to measure the standard of living of different countries
7.
Highlight six
advantages of using this measure of standard of living
8.
Define the term
inflation
9.
Outline three
undesirable economic and social effects of inflation
10.
Describe six major
functions of public spending
Oct/Nov 2008
1.
Discuss five
economic factors that determine economic growth
2.
Distinguish between
economic development and economic growth
3.
Explain four effects
of population growth on the environment
4.
Evaluate four
strategies that can be used to overcome manpower shortages and surplus in less
developed countries
5.
Distinguish between
money market and capital market
6.
Analyze four
functions of the money market in Kenya
7.
Highlight five
policy measures that a country can use to reduce wealth inequalities
8.
Explain five reasons
against international trade restrictions
9.
Clearly explain the
role of budgetary management in economic development
10.
In the context of
international trade, outline the concept of comparative advantage with
specialization
1.
Describe Adam
smith’s theory of economic development showing clearly how a developing country
can become developed
2.
Discuss the factors
affecting economic growth
3.
Explain the
characteristic of developing countries
4.
Describe Malthusian
theory of population showing the major concepts he proposed
5.
Identify and explain
five types of unemployment in developing countries
6.
What are the
limitations faced in development planning in less developed countries
7.
What is
international trade? Give four merits and demerits of international trade
8.
What is
protectionism? Identify and explain the forms of protection
9.
Identify four negative
implications of rapid population growth and four positive impacts of rapid
population growth
10.
Describe the
Malthusian theory of population showing how relevant it is to Kenya today.
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