Explain any five ways in which nationalised industries differ from public limited companies. 
 

(a) Who is an agent?

(b) Give six duties of an agent.

(c) State three rights of an agent. 
 

(a) What is production?

(b) Explain the different activities involved in industrial, commercial and service occupations.
 

 (a) What is transportation by pipeline?

(b) Explain any four advantages and four disadvantages of transportation by pipeline. 
 

(a) Distinguish between commercial banks and merchant banks.

(b) Explain each of the following:
(i) Order cheque
 (ii) Bearer cheque
 (iii) Certified cheque
 (iv) Non-Negotiable cheque.