
G5-G6 FL-5
Authored by Tanuja Aktar
Life Skills
5th - 6th Grade
Used 4+ times

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12 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
1. Trading something for something else - no currency involved
Goods
Barter
Demand
Supply
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
2. Money is a medium of _______.
Communication
Information
Heat
Exchange
3.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
3. For Rs. 106, select notes and coins that will be used.
Rs. 100 Note
Rs. 10 note
Rs. 5 coin
Rs. 1 coin
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
4. Smith has Rs. 100 with him. Out of that, he purchased an ice-cream priced at Rs. 18 and some fruits for Rs. 27. Smith also spent Rs.10 for buying paper bags. Calculate the savings for Smith.
30
45
55
90
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
5. ______ is the portion of income one keeps aside for future use.
Expense
Needs
Savings
Wants
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
6. _______ is the thing that stops a person from spending on wants.
Self-control
Greed
Wishes
Desires
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
7. Mr. A sacrifices his wants for his family. Mr. A focuses on only fulfilling his needs and he does not think of satisfying his wants. This attitude of Mr. A is known as _________.
Instant Gratification
Delayed Gratification
Impulsive buying
Budgeting
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