Section Ii: Finance Question Paper
Section Ii: Finance
Course:Doctor Of Philosophy (Ph.D)
Institution: Kabarak University question papers
Exam Year:2011
KABARAK UNIVERSITY
2011 ACADEMIC YEAR
QUALIFYING EXAMINATIONS FOR THE DEGREE OF DOCTOR
OF PHILOSOPHY CANDIDATES
SPECIALIZATION PAPER
SECTION II: FINANCE
DAY: THURSDAY DATE: 08/03/2011
TIME: 2.00 – 5.00 P.M. STREAM: PhD
INSTRUCTIONS:
Answer ANY THREE questions
QUESTION ONE
(i) As a financial consultant give a critical view on any 5 causes of conflict between
shareholders and management as presented by Pandey. (10 marks)
QUESTION TWO
Microfinance is the provision of financial services to low-income clients or solidarity
lending groups including consumers and the self-employed, who traditionally lack access
to banking and related services.
Discuss the challenges faced by the microfinance industry. (10 marks)
QUESTION THREE
General equilibrium theory is a branch of theoretical economics. It seeks to explain the
behaviour of supply, demand and prices in a whole economy with several or many
markets. With the assistance of an illustration consisting of two products (Apple and
Banana) and two individuals (Jane and Kevin) elucidate on the theory. (10 marks)
QUESTION FOUR
In a corporate management set up justify the need for an Audit committee and Internal
Audit roles. (10 marks)
QUESTION FIVE
In respect to the IFRS in Kenyan describe the reasons the non-compliance among the
local enterprises. (10 marks)
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