Assement 2021 - 2022 Financial literacy

Diwali shopping is an example of __________ expenses

• Fixed

• Non - variable

• Variable

• Non - variable

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

• book

• Journal

• smart phone

• camera

Ajay is very hungry and he _______ South Indian dish.

• wants

• need

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

• Abundance

• Demand

• Plenty

• Scarcity

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 Purchasing Decision Making

• Process of Gifting

• Process of Selecting Music player

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?

• Major

• Minor

• moderate

• Less moderate

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

• Impulsive

• Loyalty

• Discount

• Need - Based

Buying and selling of goods and services online is 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 .__________.

• Expenses

• Savings

• Investment

• Insurance

What is self-control__________.

• Ability to control oneself

• helping others to control a situation

• Giving advice to your friend

• To tell someone what to do