BUSINESS STUDIES TOPICAL REVISION Q&A GRADE 10

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SUMMARY OF STRANDS, SUB STRANDS 1.0 Business and Money Management 1.1 Money 1.2 Business Goals 1.3 Budgeting in Business 1.4 Banking 2.0 Business and Its Environment 2.1 Business Activities 2.2 Types of Business Ownership 2.3 Social Responsibility of Business 2.4 Entrepreneurship 2.5 Production 2.6 Consumer Satisfaction 3.0 Government and Global Influence 3.1 Public Finance In Business 3.2 International Trade 4.0 Financial Records In Business 4.1 Business Transactions 4.2 Effects of Business Transactions 4.3 Source documents and Journals

GRADE 10 BUSINESS STUDIES REVISION: STRAND 1.0 – MONEY SECTION A: MULTIPLE CHOICE QUESTIONS (MCQs) 1. Which of the following is not a current Kenyan banknote denomination? A. 50 shillings B. 200 shillings C. 40 shillings D. 1000 shillings 2. The Kenyan coin not commonly in circulation today is: A. 1 shilling B. 5 shillings C. 25 shillings D. 20 shillings 3. The Central Bank of Kenya (CBK) is responsible for: A. Printing counterfeit money B. Issuing and managing currency C. Charging taxes D. Managing foreign imports 4. Which feature of the banknote helps visually impaired individuals identify its denomination? A. Security thread B. Watermark C. Tactile marks D. Holographic patch 5. Money primarily functions as a: A. Medium of exchange B. Tool for corruption C. Form of barter D. Measure of debt only 6. Which function of money allows us to store wealth for future use? A. Unit of account B. Standard of deferred payment C. Store of value D. Medium of exchange

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