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FLIP Quiz 1 - Grade V

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