FinSuperStars_FL Assessment Level 1_9-14yrs

Which is the deposit account most suited for individuals or house holds?

• a. Savings account

• b. Current account

• c. Fixed deposit

Which is the deposit account most suited for a business man?

• a.Savings account

• b.Current account

• c.Fixed deposit

Who is the governing body over the Bank?

• Bank of India

• Government

• RBI – Reserve Bank of India

Bank is an institution where people park their surplus money (Deposit)

and earn some return called...

• Profit

• Revenue

• Interest

A   ...............................                                 

 is a document that lists the money you earn and the money you spend over a particular length of time

• Financial Statement

• Balance Sheet

• Budget

• Profit and Loss Statement

Investment has both

• a. Loss and Risk

• b. Risk and Reward

• c. Saving & Loss

You cannot withdraw money from this account. Which account are we talking about?

• a. Current Account

• b. Savings Account

• c. Fixed Deposit

• d. None of these

When money is taken from your account, it is reflected in which column of your bank statement.

• a. Credit

• b. Debit

• c. Opening Balance

• d. Closing Balance

.  If I exchanged 20 kg wheat with 2 kg of rice, what kind of system is it?

• a. Paper Money

• b. Barter System

•   c. Virtual Money

• d. None of these

True or False

People who regularly spend less than what they earn are more likely to become wealthy than those who regularly spend more than what they earn.​ ​ ​ ​ (a)  

• a. True

• b. False