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EONOMICS

This document outlines an examination for a Diploma in Accountancy with a focus on Economics, scheduled for January 2025. It includes instructions for candidates, such as answering all questions and prohibiting mobile phones, as well as a series of questions covering key economic concepts and theories. The exam consists of seven questions with varying marks, addressing topics like central problems of an economy, scarcity, and differences between economic branches.

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3 views

EONOMICS

This document outlines an examination for a Diploma in Accountancy with a focus on Economics, scheduled for January 2025. It includes instructions for candidates, such as answering all questions and prohibiting mobile phones, as well as a series of questions covering key economic concepts and theories. The exam consists of seven questions with varying marks, addressing topics like central problems of an economy, scarcity, and differences between economic branches.

Uploaded by

Barrack kodera
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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DEPARTMENT: BUSINESS

SERIES: CAT ONE JAN 2025.

TIME: 2 HOURS

GROUP: DIPLOMA IN ACCOUNTANCY

UNIT NAME: ECONOMICS

CANDIDATE DETAILS
NAME…………………………………………………………………………………….
ADMISSION NO…………………………………………………………………………
DATE……………………………………………………………………………………..

Instructions to candidates

1. Answer ALL questions.

2. Mobile phones are not allowed in the examination room.


3. Time management is part of the examination.
4. Cheating in examinations is an offense of a great magnitude and therefore not allowed.

Question 1 2 3 4 5 6 7 TOTAL
Marks
SECTION A(Answer all questions)

Question 1

What are the central problems of an economy? Discuss in detail. (6 Marks)

Question 2

Define Scarcity, Choice, Opportunity Cost and Production Possibility frontier. (6 Marks)

Question 3

Explain Five Importance of studying economics as a science. (10 Marks)

Question 4

Outline Five differences of Micro and Macro Economics. (10 Marks)

Question 5

Differentiate between positive economics and normative economics. ( 4 Marks)

Question 6

Explain Six demerits of Capitalistic Economy. (12 Marks)

Question 7

Define:
a. Human Wants
b. Economics

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