Commerce Paper 2, Nov/Dec. 2010  
Questions: 1 2 3 4 5 6 7 8 9 10 Main
General Comments
Question 8

(a) Differentiate between balance of Trade and Balance of payment.
(b) Explain five functions of the Export Promotion Council.



The candidates perf armed well in part A of the question which required differentiation of balance of trade and balance of payment. But in part B of the question the candidates performed poorly.
The functions of Export Promotion Council (EPC) includes:
 i.The Council assists in identifying markets for selling goods abroad.
ii .It provides training/support services to potential exporters.
iii. It offers trade information service to potential exporters.
IV.It offers export insurance guaranteed schemes to encourage exporters to take risk etc.

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