Social Studies (SST) Class 5 Notes
Based on the Single National Curriculum, PK
(New Book/New Syllabus for 2023-2024 Exams and onward)
National Book Foundation
as
Federal Textbook Boards, Islamabad
********************************************************
👉 Solved Model Paper - English Class - V - 2024 (YouTube)
********************************************************
Unit-6
"Economics"
Q.1. What is the difference between public and private goods and services?
Ans:-
Public goods and Services: The facilities that a government provides to its citizens are called public goods and services. These facilities are free of cost such as education, medical treatment, etc.
Private goods and services: Private goods and services are those that are privately owned. These are not directly owned by the government but the government can keep a check on them.
Q2. Why does the government collect taxes?
Ans: The government needs money to provide public goods and services. Thus it collects money from people in the form of taxes.
Q3. What are the main means of transportation in Pakistan?
Ans. The main means of transportation in Pakistan are highways, railways, airports, and seaports.
"Entrepreneurship"
Q1. What is meant by entrepreneurship?
Ans: Finding and Exploiting opportunities for activities that return a profit is called business or entrepreneurship.
Q2. What do you understand by small-scale business entrepreneurship?
Ans. A small-scale business is a business in which the trader is the sole owner of his business and is responsible for his profit and loss.
"Evolution of Money"
Q1. What does the barter System mean?
Ans: In ancient times people did not use money to transact with each other because there was no system of money or currency at that time. In those days people used to exchange things. This is called the barter system.
Q.2. Why do you think the trend of carrying money in the pocket is reducing?
Ans. The current period is the digital age. People can easily transfer their money electronically to others through easy money or computers, so the habit of carrying more money in their pocket is reduced.
Q.3. Write the names of the central banks of any three countries.
Ans.
Countries Central banks
Pakistan State Bank of Pakistan
England Bank of England UK.
Brazil Central Bank of Brazil
************************************
Shortcut Links For:
2. 5th Class: Social Study (S.St.) Notes
3. 5th Class: General Science (G.Sc.) Notes
4. 5th Class: Urdu (اُردو) Notes
5. 5th Class: Islamiyat (اسلامیات) Notes
6. 5th Class: Mathematics Notes
1. Website for School and College Level Physics 2. Website for School and College Level Mathematics 3. Website for Single National Curriculum Pakistan - All Subjects Notes
© 2022 & onwards Academic Skills and Knowledge (ASK)
Note: Write to me in the comments box below for any query and also Share this information with your class-fellows and friends.
2. 5th Class: Social Study (S.St.) Notes
3. 5th Class: General Science (G.Sc.) Notes
4. 5th Class: Urdu (اُردو) Notes
5. 5th Class: Islamiyat (اسلامیات) Notes
6. 5th Class: Mathematics Notes
0 Comments
Start Tuition (in Pakistan or Abroad) from Experienced Online Teachers.
Contact WhatsApp for tutoring and Assignment help on +923339719149