G3-G4 FL-5

1. Money is also called as ________.

• Paper

• Currency

• vault

• Bank

2. Using Money one can buy _________ & _________.

• Goods, Services

• Goods, emotion

• Goods, Pencil

• Goods, Pencil

3. Mr. A went to Russia with his parents, which currency he must use to buy goods and services?

• Indian Rupee

• US dollar

•  Russian Ruble

• Sterling Pound

4. Miss. Smile is writing assignment, while writing her pencil's nip breaks. She asks her friend Miss. Pinto to give her a sharpener, in return Miss. smile promises her to give an eraser. What is this system of exchange known as?

• Money System

• Barter system

• Sharing System

• Paper Money System

5. _______ is an example of plastic money.

• Coinage

• Electronic Money

• Paper Money

• Credit Card

6. First use of paper money happened in________.

• China

• India

• Sri Lanka

• Namibia

7. Mr. B was going to his friend's house to make him a payment of Rs. 100, his friend is in urgent need of money. On the way to his friend's house, someone stole Mr. B's wallet. Now Mr. B was really tensed as to how he will make payment to his friend. Is there any other way to make payment? Can you help Mr. B? (Mr. B has Rs. 500 in his bank Account)

• Mr. B has no option left

• Mr. B can make payment through cheque

• Mr. B should search for his wallet

• Mr. B should complain to police

8. ________ is something how much the buyer pay for goods and services.

• Money

• Effort

• Price

• Attention

9. A Service is a ______ you pay someone else to do.

• Goods

• Gift

• Job

• Money

10.  ________ is an example of goods.

• Teaching

• Doctor

• Bag

• Bus to school