*Grade 3-4 FL ASSESSMENT*

1. Diwali shopping is an example of __________ expenses.

• Fixed

• Non-Fixed

• Variable

• Non-Variable

2. If we purchased milk today then it will be recorded in ________.

• Book

• Journal

• Smartphone

• Camera

3. Ajay is very hungry and he _______ South Indian dish.

• Wants

• Needs

4. Non-availability of something in the market is known as _________.

• Abundance

• Plenty

• Scarcity

• Demand

5. Mr. Sharma wanted to gift something to his father on his birthday so he went to a gift shop. After he went inside and looked around for a few minutes, he decided to buy a music player for his father. He asked the owner of the shop to show some music players. The owner showed Mr. Sharma 4 music players, out of 4 Mr. Sharma liked a blue coloured music player. He purchased it and gifted it to his father. His father was very happy after receiving the gift from his son. Mr. Sharma followed a process to buy the gift, what is this process called?

•  Process of Buying

• Process of Purchase Decision Making

• Process of Gifting

• Process of selecting music player

6. Based on the same example of Mr. Sharma buying a music player his father, What can you term the purchase decision or Mr. Sharma as?

• Moderate

• Less Moderate

   

• Major

• Minor

7. ___________ consumer means a consumer who buys goods or services of the same brand every time he goes out to buy anything.

• Impulsive

• Discount

• Need-Based

• Loyalty

8. Buying and selling of goods and services online are called ________

• Trade

• E-commerce

• Commerce

• Physical buying and selling

9. A portion of your income that you do not spend on your current needs, but instead set aside for future needs is .__________.

• Savings

• Expense

• Investment

• Insurance

10.  What is self-control__________.

• Ability to control oneself

• Helping others to control a situation

• Giving advise to your friend

• To tell someone what to do