Basic 4 Social Studies Test - Week 8

Basic 4 Social Studies Test - Week 8

4th Grade

10 Qs

quiz-placeholder

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Basic 4 Social Studies Test - Week 8

Basic 4 Social Studies Test - Week 8

Assessment

Quiz

Social Studies

4th Grade

Practice Problem

Hard

Created by

Joshua Ebiotu

Used 1+ times

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does saving mean?

Spending money immediately

Setting aside money for future use

Borrowing money from a bank

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which financial institution is used for saving and borrowing money?

Restaurant

Hospital

Bank

School

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a traditional way of saving money?

Fixing in a fixed deposit account

Buying shares

Saving in banks

Digging a hole and putting savings in it

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why do people save money?

To lose it

To spend it all at once

To prevent it from being stolen

To give it away

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of bank deals with large scale importation and exportation?

Commercial bank

Micro finance bank

Merchant bank

Mortgage bank

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the regulatory body that controls the activities of all banks in Nigeria?

Central bank of Nigeria

European Central Bank

Bank of America

World Bank

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do micro finance banks help with?

Medium businesses

Government institutions

Small and micro businesses

Large businesses

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