Summary

• Description:

  The MS Word document comprises LANJET Business Studies Paper 1 2026 Pre-Mock Exam with Answers (Marking Scheme). The PDF version is also available upon your request. The marking scheme is in a different document.

  It was a LANJET Business Studies Paper 1 examination.

  This paper tests broad foundational knowledge in commercial activities, accounting principles, business environment dynamics, economic concepts, and communication systems.

  • Month Administered: July 2026
  • Duration: 2 Hours
  • Total Marks: 100 Marks
  • Number of Questions: 25 Questions (Questions 1 – 25)
  • Structure: 25 compulsory short-answer and computational questions (4 marks each)

  It covers the following topics:

  • Business environment (external operational factors)
  • Production economics (features of labour as a factor of production)
  • Human wants classification (basic vs. secondary wants)
  • Financial accounting (trial balance preparation, source documents for books of original entry, three-column cash book format)
  • Banking services (commercial bank electronic money transfer facilities)
  • Location of production units (raw material proximity factors)
  • Distribution channels for locally manufactured goods
  • Product pricing mechanisms beyond demand and supply forces
  • Demography and population structure (economic challenges of a youthful population)
  • Public finance (sources of government revenue)
  • Money and currency (characteristics facilitating exchange)
  • Transport systems (land transport options)
  • Entrepreneurship (sources of business ideas and salesperson attributes)
  • Retail trade (classification of itinerant traders and automatic vending machines)
  • Financial analysis (margin and rate of stock turnover calculations)
  • Modern communication trends (popularity of WhatsApp platforms)
  • Principles of insurance (circumstances leading to non-compensation)
  • Public corporations (reasons for privatization)
  • Economic statistics (Consumer Price Index computations, national income statistics benefits, functions of the World Bank)
  • Market structures (fundamental features of a market)
• Category:

  Mock Past Papers
• Level:

  Form 4
• Subject:

  BUSINESS STUDIES

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