wayground logo

Free Printable Worksheets

Font size

S
M
L
XL
Worksheets

Economics and Banking Quiz

Total questions: 19

Worksheet time: 12mins

Name
Class
Date
1.

Is the scale of preference a good tool? TRUE/FALSE

4 lines
2.

Can our wants control us?

a)

True

b)

False

c)

Maybe

3.

We can always limit our ________.

a)

Wants

b)

Needs

c)

Mind

4.

The scale of ______ helps us allocate our resources wisely.

a)

Chicken

b)

Measurement

c)

Preference

5.

Food, water, and shelter are human ________.

a)

Wants

b)

Needs

c)

Decisions

6.

Which of these is a function of the bank?

a)

Depositing money

b)

Spending recklessly

c)

Giving away money

7.

Digital banking is possible with the aid of _________.

a)

Bank

b)

Internet

c)

Air

8.

Always prioritize your ________ over ___________.

a)

Needs, Wants

b)

Wants, Needs

c)

Clothing, Shelter

9.

Long-term saving means saving our __________ for a long time.

a)

Money

b)

Life

c)

Situation

10.

Opportunity cost is the value of the best next ______ forgone when a choice is made.

a)

Cash and Carry

b)

Investment

c)

Alternative

11.

Which of these is a function of digital banking?

a)

Transferring money

b)

Praying

c)

Getting pocket money

12.

Ice cream and toys are basically human ________.

a)

Wants

b)

Needs

c)

Decisions

13.

One Time Password is also known as _________.

a)

OnTiPa

b)

OTP

c)

PTO

14.

Saving goals must have a __________ frame.

a)

Glass

b)

Time

c)

Place

15.

The scale of preference helps us make ______ decisions.

a)

Uncertain

b)

Spending

c)

Informed

16.

Saving money to buy a bicycle from your pocket money is a _______ term saving.

a)

Long

b)

Medium

c)

Short

17.

Determine the ________ when setting long-term saving goals.

a)

Cost

b)

Location

c)

Situation

18.

The scale of preference arranges our needs and wants in order of ________.

a)

Availability

b)

Value

c)

Importance

19.

The scale of preference helps us use our allocated resources ________.

a)

Poorly

b)

Wisely

c)

Unchalantly