English Questions- Term 2 Midterm Exam with marking scheme
Read the passage below and then answer questions 1 to 6.
Saving money is a good habit that everyone should develop, especially from a young age. It means putting aside a portion of the money you receive instead of spending it all immediately. There are many reasons why saving is important.
Firstly, saving allows you to have money for future needs or wants. Maybe you want to buy a new bicycle, save for a trip, or contribute to your education. Having savings means you can achieve these goals without relying on others or borrowing money.
Secondly, saving provides a safety net for unexpected events. Life can be unpredictable, and emergencies can arise. Having some savings can help you deal with these situations without causing major financial stress. It gives you peace of mind knowing you have funds available if something goes wrong.
Thirdly, saving helps you learn important financial discipline. It teaches you to prioritize your spending, delay gratification, and make wise choices about how you use your money. These are skills that will be valuable throughout your life.
You can start saving in many ways. You can use a piggy bank, open a savings account at a bank, or use mobile money platforms. The key is to be consistent, even if you start with small amounts. Over time, these small amounts will grow, and you will be grateful you started saving early.
According to the passage, what is a good habit to develop from a young age?
A. Spending all your money B. Borrowing money C. Relying on others D. Saving money
Which of the following is a future goal you can achieve by saving?
A. Dealing with an emergency B. Avoiding financial stress C. Buying a new bicycle D. Gaining peace of mind
Saving provides a safety net for:
A. Future wants B. Unexpected events C. Learning discipline D. Buying a new bicycle
The word “unpredictable” as used in the passage means:
A. Easy to know beforehand B. Difficult to know beforehand C. Always the same D. Very exciting
According to the passage, what is the key to saving money successfully?
A. Saving large amounts at once B. Being consistent C. Only using a piggy bank D. Borrowing money when needed
Which one of the following would be the best title for this passage? A. How to Spend Money B. The Importance of Saving Money C. Dealing with Emergencies D. Types of Savings Accounts
