• Revision is more than just reading through the notes you made in class - it also means knowing how to answer the questions for real when you're sitting in the exam. Using old exam questions to practise on will help make passing your exams easier.

    Preparing for the exam - why it's important

    Revising works best when you practise what you'll be doing in the exam ­and that means answering questions. By concentrating on key facts and writing them down as exam answers you'll be making it easier to remember what you learned in class.

    Knowing what you will be examined on

    In the exam you'll be expected to answer questions on the subjects you studied in class, which means you'll need a full set of notes to revise from. If you missed some classes your notes may not be complete.

    To make sure your notes are up-to-date, check your notes against the subject revision checklist given to you by your teacher. If the checklist shows you are missing notes on some subjects, ask your teacher which chapters of your text book you need to read and make notes on so you can fill in the gaps.

    2015 GCE (A/L) Business Studies Examination Paper      Download

    2014 GCE (A/L) Business Studies Examination Paper      Download

    2013 GCE (A/L) Business Studies Examination Paper      Download

    2012 GCE (A/L) Business Studies Examination Paper      Download

    2011 GCE (A/L) Business Studies Examination Paper      Download

    2010 GCE (A/L) Business Studies Examination Paper      Download

    2009 GCE (A/L) Business Studies Examination Paper      Download

  • The Central Bank of Sri Lanka (CBSL) is the Central Bank and Main Money Governing Authority in Sri Lanka. Established in 1950 under the Monetary Law Act No.58 of 1949 (MLA), it is a semi-autonomous body and, following the amendments to the MLA in December 2002, is governed by a five-member Monetary Board, comprising the Governor of the CBSL as Chairman, the Secretary to the Ministry of Finance and Planning and three members appointed by the President of Sri Lanka, on the recommendation of the Minister of Finance, with the concurrence of the Constitutional Council.


    The Central Bank of Sri Lanka was established in 1950, two years after independence. The founder governor of the Central Bank of Sri Lanka was John Exter, while the minister of finance at the time was J.R. Jayawardena. Under the former name of Central Bank of Ceylon it replaced the Currency Board that until then had been responsible for issuing the country's money. It is a member of the Asian Clearing Union.

    The bank is responsible for the conduct of monetary policy in Sri Lanka and also has wide supervisory powers over the financial system. The bank is also engaged in developing policies to promote financial inclusion and is a member of the Alliance for Financial Inclusion (AFI).

    With a view to encouraging and promoting the development of the productive resources of Sri Lanka, the CBSL is responsible for securing its core objectives of economic and price stability and financial system stability. The CBSL is also responsible for currency issue and management. In addition, the CBSL is the advisor on economic affairs as well as the banker to the Government of Sri Lanka (GOSL). On behalf of GOSL, the CBSL, as its agent, is responsible for four agency functions of: management of the Employees Provident Fund; management of the public debt of Sri Lanka; administration of the provisions of the Exchange Control Act; and administration of foreign and government funded credit schemes for regional development.

    Organizational Structure

    The Governor of the CBSL functions as its Chief Executive Officer. The Governor, two Deputy Governors and several Assistant Governors, along with the Heads of Departments, form the senior management of the CBSL. Functionally, the CBSL presently consists of 27 Departments, each headed by a Director (or equivalent), reporting to the Governor or the Deputy Governor through an Assistant Governor, with the exception of the Management Audit Department, which reports directly to the Governor.

    The Economic Research and Bank Supervision Departments were explicitly set up under the original legislation establishing the CBSL, with certain statutory functions. The Economic Research Department is required to compile data and conduct economic research for the guidance of the Monetary Board and for the information of the public, while the Bank Supervision Department is required to engage in the continuous regulation and supervision of all banking institutions in Sri Lanka.

    The current Members of the Monetary Board of Central Bank of Sri Lanka are

    1. Arjuna Mahendran - Chairman (Governor)
    2. Dr. R H S Samaratunga - Ex-officio Member ( Secretary to the Ministry of Finance and Planning )
    3. Mrs. Manohari Ramanathan - Appointed Member
    4. Mr. Nimal Welgama - Appointed Member
    5. Mr. Neil Ajantha Umagiliya - Appointed Member

    Annual Reports

    Annual Report of 2014      Download

    Annual Report of 2013      Download

    Annual Report of 2012      Download

    Recent Economic Developments

    RED Report of 2014      Download

    RED Report of 2013      Download

    RED Report of 2012      Download