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Worksheets

Finacial literacy

Total questions: 10

Worksheet time: 10mins

Name
Class
Date
1.

Money can also be called as ....................

a)

Paper

b)

Bank

c)

Currency

d)

Vault

2.

Using money one can buy .............. &...............

a)

Goods ,Service

b)

Goods ,emotions

c)

Goods, pencil

d)

Teaching , services

3.

Mr. A went to the United States with his parents, which currency he must use to buy goods and services?

a)

Indian Rupee

b)

US Dollar

c)

Rusian 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.

Metal Money is also known as ...............

a)

Coinage

b)

Electronic money

c)

Paper money

d)

Plastic

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.

Electronic Money cannot be used without..........

a)

Inernet

b)

Mobile network

c)

Cash

d)

Physical exchange

9.

A service is a ..................... You pay someone else to do

a)

Goods

b)

Gift

c)

Job

d)

Money

10.

................... Is an example for goods

a)

Teaching

b)

Doctor

c)

Bag

d)

Bus to school