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Assement 2021 - 2022 Financial literacy

Total questions: 10

Worksheet time: 9mins

Name
Class
Date
1.

Diwali shopping is an example of __________ expenses

a)

Fixed

b)

Non - variable

c)

Variable

d)

Non - variable

2.

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

a)

book

b)

Journal

c)

smart phone

d)

camera

3.

Ajay is very hungry and he _______ South Indian dish.

a)

wants

b)

need

4.

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

a)

Abundance

b)

Demand

c)

Plenty

d)

Scarcity

5.

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?

a)

Process of Buying

b)

Process of Purchasing Decision Making

c)

Process of Gifting

d)

Process of Selecting Music player

6.

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?

a)

Major

b)

Minor

c)

moderate

d)

Less moderate

7.

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

a)

Impulsive

b)

Loyalty

c)

Discount

d)

Need - Based

8.

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

a)

Trade

b)

E - commerce

c)

Commerce

d)

Physical buying and selling

9.

9.      A portion of your income that you do not spend on your current needs, but instead set aside for future needs is .__________.

a)

Expenses

b)

Savings

c)

Investment

d)

Insurance

10.

What is self-control__________.

a)

Ability to control oneself

b)

helping others to control a situation

c)

Giving advice to your friend

d)

To tell someone what to do