Summary

• Description:

  The MS Word document comprises ELITE EXAMINATIONS 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 an ELITE EXAMINATIONS Business Studies Paper 1 examination.

  This paper tests broad business knowledge across production, entrepreneurship, macroeconomics, commercial arithmetic, accounting entries, and business environment dynamics.

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

  It covers the following topics:

  • Levels of production (primary, secondary, tertiary) and subsistence production drawbacks
  • Government incentives for foreign direct investment and economic development roles of county governments
  • Firm location determinants (proximity to raw materials)
  • Macroeconomics (demand-pull inflation control, taxation rationale, regional trade blocs such as COMESA)
  • Accounting and bookkeeping (ledger debit/credit rules, initial capital computation from accounting equations, balance sheet net worth determination, cash receipt journal, trial balance functions)
  • Forms of business units (partnerships vs. cooperative societies)
  • Demography (population pyramid structure and socio-economic dependency challenges)
  • Transport and communication (benefits of Standard Gauge Railway, barriers to written communication)
  • Characteristics of basic human wants and characteristics of money
  • Warehousing operations and benefits of sharing office machinery
  • Product pricing and supply dynamics (graphical illustration of a decrease in supply due to price changes)
  • International trade distribution channels (exporting Kenyan coffee to the USA)
  • Commercial transactions (deferred payment circumstances and limitations of free publicity)
• Category:

  Mock Past Papers
• Level:

  Form 4
• Subject:

  BUSINESS STUDIES

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