WorksheetsFINANCIAL LITERACY ASSESSMENT 3- 4
Total questions: 10
Worksheet time: 10mins
1. Money is also called as ________.
a. Paper
b. Bank
c. Currency
d. Vault
2. Using Money one can buy _________ & _________.2
a. Goods, Services
b. Goods, emotion
c. Goods, Pencil
d. Teaching, Service
3. Mr. A went to Russia with his parents, which currency he must use to buy goods and services?
a. Indian Rupee
b. US Dollar
c. Russian Ruble
d. 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?
a. Money System
b. Barter System
c. Sharing System
d. Paper Money System
5. _______ is an example of plastic money.
a. Coinage
b. Electronic Money
c. Paper Money
d. Credit Card
6. First use of paper money happened in________.
a. India
b. Sri Lanka
c. Namibia
d. China
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)
a. Mr. B has no option left
b. Mr. B can make payment through cheque
c. Mr. B should search for his wallet
d. Mr. B should complain to police
8. ________ is something how much the buyer pay for goods and services.
a. Money
b. Effort
c. Attention
d. Price
9. A Service is a ______ you pay someone else to do.
a. Goods
b. Gift
c. Job
d. Money
10. ________ is an example of goods.
a. Teaching
b. Doctor
c. Bag
d. Bus to School
