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FLIP Quiz 1 - Grade V

  •  English    24     Public
    Financial Literacy Program Chapter 1: Define Your Finance
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  • The monthly expenses of a family are: House Rent (20,000), Education (10,000), Transport (5,000) and Food (15,000). Choose the correct bar graph which represents the expenses.
    (D)
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  • Kiara decides to save money that she will receive from her uncle for her birthday. Which step of Personal Finance is Kiara using to manage her money?
    (B) Saving for the future
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  • Which of these is NOT an impulsive spending?
    (C) Pizza
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  • Which of these is NOT a part of Public Finance?
    (A) Vacation
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  • For a sandwich party, which of the following is a NEED?
    (C) Bread
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  • Which of the above is INCORRECT?
    (C) Room heater
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  • Which of the above is NOT Corporate Finance?
    (D) Buying a house
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  • Your shopping list has 5 items: Pen (Rs 30), Pencil (Rs 10), Eraser (Rs 10), Chocolate (Rs 100) and Notebook (Rs 50). You have Rs 120 with you. What will you buy?
    (A)
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  • Which of the above is NOT a long-term goal?
    (C) Restaurant
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  • Portion of your money which you keep aside for future use is called
    (A) Saving
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  • The second step of Personal Finance is
    (C) Saving for the future
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  • Which of these is NOT an internal trigger for impulsive purchase?
    (A) Peer pressure
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  • Choose the INCORRECT statement.
    (B)
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  • Which statement is INCORRECT?
    (C)
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  • Things which are necessary for our day-to-day survival are known as __________
    (A) Needs
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  • Things which we would like to have but do not necessarily require for our day-to-day work are known as _________
    (B) Wants
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