Finance

UN__N __DG_T

How much will the Government spend on Capital Expenditure (roads/railways/bridges/buildings) this year?

• I dont know

• Rupees 7.5 Trillion

• Rupees 7.5 Crores

• Rupees 120 Crores

How does the Government earn money for its various expenses

• The Government sells Bread to earn Money

• The Government steals money from the banks

• Government takes taxes from people and companies. It also takes sales tax for things we buy

• The Government asks for money from other countries

What is the tax rate for Bitcoin?

• 0%

• 15%

• 30%

• 99%

For which item would someone most likely need to save money in order to

purchase?

• a washing machine

• a tub of ice cream

• dinner for two

• a pair of socks

People create and keep a personal budget to help them _____.

• set and reach financial goals

• apply for loan

• buy anything they want

• earn promotions at work

Which of the following statements about money is false?

• Money can buy happiness.

• Money is a tool.

• Everyone needs money to purchase goods.

• A penny saved is a penny earned.

Which of the following people would benefit MOST from a personal budget?

• Tim carefully keeps track of his expenses.

• Sue spends less than she earns.

• David is saving for a major purchase.

• Bob does not have enough money to pay bills.

"Pay yourself first" means to assign a portion of your income for your personal savings.

• True

• False

Which of the following is not considered as income?

• Tips from waitressing job.

• Commission on sale.

• Cash from garage sale.

• Savings from buying promo items.