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Grade 10 - Quiz 1

Total questions: 7

Worksheet time: 4mins

Name
Class
Date
1.

The direct exchange of goods & services is known as ..............................

a)

Money

b)

Trade

c)

Barter System

d)

Business

2.

Exchange of excess or the surplus with others was the begining of ....................

a)

Trade

b)

Barter System

c)

Business

d)

Needs & wants

3.

What is the most essential requirement for human to survive?

a)

Needs

b)

Wants

c)

Money

d)

Food

4.

An economic activity which fulfill human requirements from a producer to a consumer is known as ........................

a)

Profits

b)

Business

c)

Barter system

d)

Treade

5.

The basic human needs are,

a)

Food, clothes, books and house

b)

Food, clothes, house and health

c)

Food, education, books and health

d)

Food, communication, transportation and health

6.

The basic factor to initiate businesses is,

a)

Needs & Wants

b)

Goods & Services

c)

Demand & supply

d)

Production and distribution

7.

Select the answer which indicates the examples for human needs only.

a)

Food, School, shelter

b)

Health, shelter, Internet

c)

Communication, food, shelter

d)

Food, shelter, uniforms