Mock exam paper C Ordinary Level Marking Scheme

PRE JUNIOR CERTIFICATE EXAMINATION 2013

BUSINESS STUDIES – ORDINARY LEVEL

MARKING SCHEME

W: http://www.irevise.com/ T: 091 - 520400

SECTION A

(100 marks)

Answer all 20 questions. Each question carries 5 marks.

  1. What do the following letters stand for? (Write each answer in full in the space provided.)

PRSI

Pay related social insurance 3m

ATM

Automated Teller machine 2m

  1. Arrange the following customers’ names in alphabetical order:

Anne Gilroy, Greg Gill, Frank Gilligan, Mary Gilmartin

(i)

Greg 2m

(ii)

Frank 1m

(iii)

Mary 1m

(iv)

Anne 1m

  1. Indicate by using a tick (√ ) YES or No in each case which of the following countries are in the European Union.

YES

NO

USA

X 3m

Germany

X 2m

  1. Fill in the two missing Factors of Production in the spaces provided.

Land 3m

LABOUR

Capital 2m

ENTERPRISE

  1. Eoghain Grant has his current account in the Bank of Ireland, Mallow, Cork. On the 21 November 2012, she paid a cheque for €85 to Mary Ryan.

(Write the correct word from the following list)

DRAWEE DRAWER PAYEE

Eoghain Grant is the ____Drawer 5m_____________________ of this cheque

  1. Place a tick(√) after each statement showing whether it is TRUE or FALSE:

TRUE

FALSE

RAM refers to the memory of a computer

X 2m

A keyboard is an example of an output device

X 2m

A computer screen is also refer to as a VDU

X 1m

  1. Name the currency, which is legal tender in each country below

Country

Currency

USA

US dollar 3m

Luxembourg

2m

  1. Which one of the following is a visible export for Ireland?

Irish tourists on holidays in Spain ( )

Irish meat sold in France ( x ) 5m

Irish consumers buying Australian wine ( )

  1. The following figures are from the accounts of Platt Ltd. for the year ending 31 December 2012:

Closing Stock €75,000 Cash in Bank €9,000 Buildings €700,000

Cash on Hand €2,250

From the above figures calculate the Current Assets of Platt Ltd.

Answer

Workings

€ 86250

75 000 + 9000 + 2250

3 for working 2 for answer

  1. Apart from banks, name two other institutions/Agencies in which people can borrow from

Instit...

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