Republic of the Philippines

Department of Education
Region VI-Western Visayas
Division of Negros Occidental
Cottage Road, Bacolod City
CHACHING FINANCIAL EDUCATION PROGRAM
Achievement Test
School Year 2019-2020

TABLE OF SPECIFICATIONS

Item
Lesson Objective Item Placement
Questions
1. Define earn, save, spend and donate
8 1
2. Understand that there are four choices to make with money.
3. Learn when and how to make these choices to reach our goals. 12 1

4. Learn that everything costs money.

20, 15 2
5. Know that if you would like something, you need money to buy it.

6. Recognize that money is hard earned.

7. Identify that we have work and earn by understanding and doing what 13, 16 2
we are good at.

8. Learn that if you would like something, you have to save for it.
9. Understand that putting money in the bank or money box (piggy bank)
5, 14 2
helps us save.
10. Realize that the less you spend, the more you save.

11. Understand that putting money in the bank or money box (piggy bank)
helps us save. 11, 7 2
12. Realize that the less you spend, the more you save.

13. Identify between needs and wants.

4, 17 2
14. Learn that sometimes we have to wait to get what we want.

15. Identify between needs and wants.

9,18 2
16. Learn that sometimes we have to wait to get what we want.
17. Know that there are many ways for use to donate money, time and
items.
10, 6 2
18. Realize that other than ourselves, we can also get other people to help
as well.

19. Learn that helping people in need will make this world a better place to
live in. 19, 3 2
20. Understand the joy when we give without wanting something in return.

21. Everything costs money and is hard earned.

22. A good saving habit helps everyone achieve goal.
23. Understand need and wants and sometimes to wait to get what they
2,1 2
want.
24. Helping people in need with money, time and items will make the world
a better place.
 Republic of the Philippines
Department of Education
Region VI – Western Visayas
Division of Negros Occidental
Cottage Road, Bacolod City

CHACHING FINANCIAL EDUCATION PROGRAM

Achievement Test
School Year 2019-2020

Instruction: Multiple Choice. Choose the letter of the correct answer.

1. The best meaning of Save is ______________________

A. refers to receive income for work or services
B. refers to keep money now for later use
C. refers to use of the money to buy things
D. refers to give time, items and or money away
2. Which is the correct definition of spend?
A. refers to receive income for work or services
B. refers to keep money now for later use
C. refers to use of the money to buy things
D. refers to give time, items and or money away
3. On what instance are we going to donate?
A. when we have extra money
B. when we told to do so
C. when we feel it in our hearts
D. when we want to be famous
4. When money is not enough for all the things you need or want, what will you do?
A. I will save money
B. I will spend more
C. I will steal money
D. A, B and C are correct
5. It means to have enough money to pay for something. What is it?
A. Share
B. Afford
C. Selling
D. Donate
6. Why is important to donate?
A. to show compassion
B. to express your love
C. to be an inspiration
D. All answers are correct
7. Why is it important to have a good saving habit?
A. to have a source of fund during emergency times
B. to have discipline
C. to have a motivation in supporting your studies
D. to spend it on playing computer games and other gadgets
8. It refers to receive income for work services. What is it?
A. Save
B. Earn
C. Spend
D. Donate
9.The following are the basic needs of human being. Which one is not?
A. House
B. Food
C. gadgets
D. Clothes
10. What does donate mean?
A. refers to give time, items and or money freely in order to help others.
B. It refers to receive income for work services
C. refers to use of money to buy things or services
D. Refers to things you want to work hard for it.
11.What are the things that you can do to help you save?
A. We can do part time job
B. sell food and spend only on things we need and important.
C. spending your money on important matters
D. All the above answers are correct
12. You want to buy a gadget but the money that you have is intended for your school project.
What is the best to do?
A. I will buy that gadget even though I don’t have enough money.
B. I will ask my parents to give me money so that I can buy it.
C. I will spend that money intended for that school project.
D. I will buy that gadget and sacrifice my school project.
13. The following are example of earning money. Which is one is not?
A. planting and Selling vegetables from your garden
B. stealing from your parent’s pocket
C. work as errand boy/girl, cleaning the house
D. saving a portion of the pocket money
14. It refers to an achievement one aims to obtain over a short period of time.
A. Short term goal
B. long term goal
C. Mid-term goal
D. Intermediate Goal
15. How does someone get money to buy something. Like your father and mother, where do
they get money from
A. They earn money from selling drugs
B. They earn by working decently
C. They earn money from illegal doings
D. Both A and C are correct
16. What is the best way to earn money to buy the things they need?
A. One must think of ways to earn money in an honest way.
B. By fooling others
C. earning money through coercion
D. doing bad things
17. What shall we do if our resources are limited?
A. We spend money on the things we need and if they are limited and wait until we have
enough money to buy the things we want.
B. we spend our money by buying luxury things
C. A and B are correct answers
D. Only B is correct
18. Which one is considered as Want?
A. clothes
B. Gadgets
C. House
D. Foods
19. What would you feel if you donate money to those who are in need?
A. Sad
B. Happy
C. Joyful
D. inspired
20. Our parents are working to earn money. Where do they used the money they earned?
A. To buy food, and other basic needs
B. To buy drugs
C. To support our studies
D. A and C are correct

Prepared by:

JOHNREY B. MONTINOLA
Teacher-II, Bungahin Elementary School
District ESP Coordinator, Isabela- I

Reviewed by:

MARICHA D. ROJO
Division EsP Coordinator
Division of Negros Occidental