Finance Literacy Quiz

Finance Literacy Quiz

6th - 12th Grade

10 Qs

quiz-placeholder

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Finance Literacy Quiz

Finance Literacy Quiz

Assessment

Quiz

Education

6th - 12th Grade

Hard

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The word 'bank' came from the middle German word banca. What does that mean?

Borrow

Transaction

Bench

Office

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does a bank refer to before giving a loan to an individual?

His/Her Account Balance

Credit Report

Do ground research about that person

His/Her Previous Loans

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is the largest private sector bank in India?

HDFC Bank

ICICI Bank

Kotak Mahindra Bank

Axis Bank

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When was GST launched?

2015

2016

2019

2017

5.

FILL IN THE BLANK QUESTION

45 sec • 1 pt

What was the motto of GST?

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If the Reserve Bank of India wants to increase the flow of money in the economy,

Hint: Repo rate is the rate at which commercial banks borrow money from RBI​

it will decrease the Reverse Repo Rate

it will increase the Repo Rate

it will decrease the Repo Rate

it will increase the Reverse Repo Rate

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Kumar invests Rs.9000 in a bank at 8% annual interest, compounded quarterly. At the end of the year, how much interest has his investment earned?

Hint: Use Compound Interest Formula

Rs. 747.5

Rs.800.05

Rs.741.89

Rs.734

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