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FLIP Quiz 1 - Grade V
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Which of the statements is INCORRECT?
(C)
Needs can change with place/location. Which of these is NOT an example of this?
(D)
Which of these is NOT a goal?
(A)
Which of these is NOT related to Nisha's story?
(C)
Which of these is NOT related to "Riches to rags" story?
(B)
Which of these is NOT related to "rags to riches" story?
(A)
Which of these is INCORRECT?
(C)
Estimated amount that will be earned and spent during a particular time frame is called ____________
(A) Budget
Things which we would like to have but do not necessarily require for our day-to-day work are known as _________
(B) Wants
Things which are necessary for our day-to-day survival are known as __________
(A) Needs
Which statement is INCORRECT?
(C)
Choose the INCORRECT statement.
(B)
Which of these is NOT an internal trigger for impulsive purchase?
(A) Peer pressure
The second step of Personal Finance is
(C) Saving for the future
Portion of your money which you keep aside for future use is called
(A) Saving
Which of the above is NOT a long-term goal?
(C) Restaurant
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)
Which of the above is NOT Corporate Finance?
(D) Buying a house
Which of the above is INCORRECT?
(C) Room heater
For a sandwich party, which of the following is a NEED?
(C) Bread
Which of these is NOT a part of Public Finance?
(A) Vacation
Which of these is NOT an impulsive spending?
(C) Pizza
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
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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