Financial Literacy

What is Financial Literacy

• Knowledge about managing accounts

• Knowledge about coding

• Knowledge necessary to make important financial decisions.

• Knowledge about networking

Personal bank account is called:

• Current account

• Savings account

• None of these

• Both of these

What are the advantages offered by bank ?

• Interest on deposits

• Safer

• Over withdrawal facilities

• All of the above

KYC means are

• Know Your Customer

• Know your character

• Know your credit card

• None of the above

Coins are issued by

• RBI

• Government of India

• Public sector banks

• None of the above

NEFT stands for

• National Electric Fund Transfer

• National Electronic Fund Tranfer

• National Electrical Fund Transfer

• None of the above

ATM can be used for

• Cash withdrawal

• Account enquiry

• Statement of account

• All of the above

Which currency note has security thread

• Rs. 50

• Rs. 100

• Rs. 500

• All of the above

What is meant by Aadhaar seeding

• Linking of bank with bank account

• Duplicate issuance of aadhaar

• Tranfer of aadhaar

• None of the above

Can an illitrate person be issued a debit card

• No

• Yes

• Only in case of joint account

• Only in case he/she is head of family