Quiz for grade 6 related to general knowledge and commerce

What is the basic problem of scarcity?

• Too much of everything

• Not enough resources

• Abundance

• Equal distribution

What is the main cause of inflation?

• Increased demand

• Decreased supply

• Stable economy

• Equal distribution

Who is responsible for creating new money in a country?

• Teachers

• Parents

• Central Bank

• Local Stores

What is a purpose of a budget?

• Spend as much as possible

• Save money

• Plan and manage money

• Only for adults

Which of the following is a service?

• Toy

• Pizza

• Haircut

• Book