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Social Studies review 2

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

How many basic types of environments do we have

a)

2

b)

3

c)

4

d)

5

2.

______is the act of buying and selling goods and services between people or states within a country or local markets.

a)

Domestic trade

b)

Foreign Trade

c)

International trade

d)

People trade

3.


One of these is the importance of trade in Nigeria

a)

It makes us value foreign currency more than our own

b)

It helps the final Consumer get goods

c)

It makes greedy people rich

d)

It is a means of selling bad and rotten products

4.

Foreign trade can be classified into

a)

import, export, and entry port trade

b)

Local, atlantic, and Trans atlantictrade

c)

Air, Water and Land

d)

physical, social and environmental

5.

One of these is not an aid to trade

a)

High Cost of living

b)

Banking

c)

Advertisement

d)

Communication

6.

The role of Custom and Excise in foreign trade includes the following, except______.


a)

Preventing illegal or smuggling goods.

b)

Generating income for the government.

c)

Preventing importation of banned goods.

d)

Collecting bribe from importers

7.

One of these is not a type of method for savings or resource preservation.

a)
  1.  cooperatives

b)
  1. Thrift and credit

c)

Sugar Daddy

d)
  1. insurance companies

8.

One of these is not a type of Bank we have in Nigeria

a)

Commercial bank

b)

Mortgage bank

c)

Piggy Bank

d)

Merchant bank

9.

One of these can be saved in the bank

a)

Vegetable

b)

Yam

c)

Certificate

d)

Clothes

10.

When we keep things for the future, we are _____ it.

a)

Protecting

b)

Keeping

c)

Preserving

d)

NOTA