Mock Exam Paper D - Higher Level
This question paper MUST be returned with your answer book at the end of the examination, otherwise marks will be lost.
PRE-LEAVING CERTIFICATE EXAMINATION, 2014
Business – Higher Level
TIME: 3 HOURS
CANDIDATES ARE REQUIRED TO ANSWER:
(A) Eight questions from SECTION 1
(B) The Applied Business Question in SECTION 2
(C) Four questions from SECTION 3 as follows:
One question from Part 1,
Two questions from Part 2
and One other question from either Part 1 or Part 2.
All questions carry equal marks.
Please note allocation of marks per question.
Calculators may be used.
Make and Model of calculator used:
REMEMBER TO RETURN THIS QUESTION PAPER WITH THE ANSWER BOOK YOU USE FOR ANSWERING SECTIONS 2 AND 3
SHORT ANSWER QUESTIONS
This section is compulsory. Answer eight questions. Each question carries 10 marks.
Remember to return this question paper with answer book.
1. From the following data calculate the balance of trade and the balance of payments. State in each case if it is a surplus or a deficit. (Show your workings)
Visible Exports €100bn
Invisible Imports €80 bn
Visible Imports €60bn
Invisible Imports €70 bn
Surplus OR Deficit
(i) Balance of Trade
(ii) Balance of Payments
2. Explain the difference between the insurance principles “Insurable Interest” and “Indemnity”.
Insurable Interest is: _________________________________________________________________________________
Indemnity is: _________________________________________________________________________________
3. Distinguish between the following taxatio...