QUIZ FOR

ECONOMIC
INSTITUTION
1. Linda will go to the shopping mall
to buy a dress for her prom. What
type of market is in the sentence?
A. Physical market
B. Black market
C. Knowledge market
`D. Auction market
2. It is a group of people and ruled by a
government through laws where inhabitants
have to conform by force in the common
interest.
A. Citizen
B. Nationality
C. State
D. Ethnicity
3. James warned his friend John to
buy Mary Jane in the
_______________.
A. Knowledge market
B. Auction market
C. Black market
D. Non-physical market
4. Beverly surprised by her friends and
she received a lot of gifts from them.
Identify the types of reciprocity.
A. Positive Reciprocity
B. Generalized Reciprocity
C. Negative Reciprocity
D. Balanced Reciprocity
5. A ______________money from private
hands to government and there is no
additional production of goods and
services.
A. Redistribution
B. Reciprocity
C. Transaction
D. Transfer
6. It is a setup where the exchange
of good or service takes place for
future use.
A. Predictive market
B. Bond market
C. Virtual market
D. Stock market
7. A Japanese lady went to the Philippines for a
vacation. She exhanged her country’s currency
to peso so that she can use it in her vacation.
Identify the types market in terms of financial
market.
A. Virtual market
B. Bond market
C. Foreign exchange market
D. Predictive market
8. Socorro needs a coco lumber, bamboos,
mahogany and molave woods for her furniture
business. What type of market do you think
Soccoro will buy her materials?
A. Market for intermediate goods
B. Physical market
C. Auction market
D. Stock market
9. Georgina will go to _______________ to get
her dream necklace that is worth 2 million
pesos. Lots of bidder will go to sold that
historic gold necklace.
A.Physical market
B.Market for Intermediate goods
C.Knowledge market
D.Auction market
10. This act is part of our culture. When a
person shows you an act of kindness, it is
a must for Filipinos to return the favor.
A.Utang na loob
B.Hiya
C.Pakikisama
D.Palakasan
11-14 Enumerate the types of
market in terms of financial.
15 This is a network of commercial
organizations that determine how
goods and services are produced,
generated, distributed and purchased
11-13 Types of reciprocity
14-15 In our discussion in
relation to sociology of
Redistribution give the 2
examples of it
.