EXAMINER’S GENERAL COMMENTS In my opinion, candidates performed well in this paper, having a pass rate of 69%, Candidates performed very well in questions one (1), two (2) and three (3) having pass rates of over 50%. Questions four (4) and five (5) scored pass rates of less than 50%. Lecturers and Candidates are encouraged to look critically at the topics that featured in questions four (4) and five (5) and others since the topics would continue to be examined by the Institute.

STANDARD OF THE PAPER The standard of the paper continues to be very high and very comparative with previous examined papers at this level. The marks allocation followed the weightings in the syllabus but during this diet, I realized questions on ISAs were a bit over weighted recording almost 27 marks in total. Questions were not overloaded and marks allocations were not over-generous. There were no ambiguities/errors/typing problems that adversely affected performance in the examinations.