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Grade 7 EMS Baseline Assessment: Financial Literacy & Economy

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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)
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