Observation

A wide spread of candidates performed well in question 3 (a) and (c).

1. Most candidates were able to provide answer to the meaning of tax.
2. However, stating the functions of stock exchange market was not well done by candidates.
3. 
   Functions of stock exchange market

1. It helps to protect the interest of the investors.
2. It helps to promote economic growth and development.
3. It helps to generate financial and economic information
4. It facilitates the transfer of ownership of shares between investors.
5. It is a market where people can invest their money in shares of companies.

1. Candidates who attempted this question scored more marks in import duty and excise duty. A straight forward explanation was provided by the candidates. However, inaccurate answers were provided by many of the candidates on income tax.