EMS GRADE 7 TERM 1 BASELINE ASSESSMENT 2025 ECONOMIC MANAGEMENT SCIENCES SUBJECT ECONOMIC MANAGEMENT SCIENCES GRADE 7 DATE …….JANUARY 2025 TASK BASELEINE ASSESSMENT TIME ALLOCATION 30 MINUTES TOPIC FINANCIAL LITERACY, ECONOMY AND ENTREPRENEURSHIP MARKS 15 This paper consists of 4 pages. NAME OF LEARNER_______________________________________ GRADE 7_______ NAME OF THE SCHOOL_____________________________________ Question 1.1 (5) 1.2 (5) 1.3 (5) TOTAL(15) Mark obtained Moderated Mark Signature of the educator………………………………………….. Date…………………… 1 EMS GRADE 7 TERM 1 BASELINE ASSESSMENT 2025 INSTRUCTIONS AND INFORMATION 1. This baseline assessment consists of ONE Section and THREE Questions. 2. Write neatly and legibly 3. All questions are COMPULSORY. 4. Read through the questions carefully and make sure that you allocate enough time for each question. CONTENTS AND TIME GUIDE SECTION MARKS DURATION In minutes Question 1.1: Multiple choice 5 10 Question 1.2: Match type 5 10 Question 1.3 Word bank 5 10 TOTAL 15 30 Min SECTION A TOPIC All topics 2 EMS GRADE 7 TERM 1 SECTION A QUESTION 1.1: BASELINE ASSESSMENT 2025 MULTIPLE-CHOICE QUESTION (5 minutes) Various options are given as possible answers to each question. Choose the correct answer and CIRCLE only the letter (A - D) . 1.1 In the olden days people exchanged bread and butter in ……………. A B C D 1.2 (1) Primary need Secondary need Community needs Social needs (1) The current Minister of Finance in South Africa is ? A B C D 1.5 Cellphone banking ATM Promissory note Internet banking The need for air is classified as ……….. A B C D 1.4 (1) Which of the following is NOT a method of electronic banking? A B C D 1.3 Promissory notes Bartering Electronic banking Manufacturing Enoch Godongwana Jacob Zuma Pravin Gordhan Julius Malema (1) The Currency of the United States of America is ? A B C D Yen Dollars and cents Pounds Euros (1) [5] 3 EMS GRADE 7 TERM 1 BASELINE ASSESSMENT 2025 QUESTION 1.2: MATCH TYPE (5 minutes) Match statements in Column A with corresponding answers in Column B. Write only the letter of the correct answer next to the question number e.g 1.2.6 H COLUMN A COLUMN B .2.1 It enables you to withdraw money from your bank account. A. SARS .2.2 Makro can be classified as this type of business. C. Services .2.3 This is a Commercial Bank in South Africa D Community .2.4 A large group of people who live together in a particular place. B. ABSA bank .2.5 Actions that the businesses perform for the benefit of the consumer, e.g. Hair Dresser F. Debit card Answer [5] G. Trading QUESTION 1.3 WORD BANK (5 minutes) Select the correct word from those given to complete the following sentences Write the answer in the space provided. savings; banking; value; water; (5) currency; producers; (1) 1.3.1 A disadvantage of bartering is that it is difficult to ________________ the various items that are being exchanged. 1.3.2 Money in any form used by a country is called __________________ (1) 1.3.3 ____________ are people that make goods and offer services to individuals (1) and businesses that need them. 1.3.4 Any money left over after you have paid all your expenses can be put aside as (1) your___________________ 1.3.5 ______________ is the limited resource and must be used sparingly. TOTAL 15 4 (1)