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FinWizards_FL Assessment_Level 2_15-25yrs

Authored by Tejaswini Chogtu

Life Skills

9th - 12th Grade

Used 13+ times

FinWizards_FL Assessment_Level 2_15-25yrs
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35 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a fixed expense?

a. Rent

b. Travel

c. Credit card bill

d. Movie tickets

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a variable expense?

a. Emergency medical bills.

b. Property taxes.

c. Rent

d. Internet bill

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Something that you pay is called....

income

an expense

a profit

savings

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Reesa has her first job at the local bakery. After working for one month, she received her first salary. The total amount of money she is able to put in the bank is Rs.8000/- What type of income does this amount describe?

a. Gross Income

b. Net Income

c. Both Gross and Net Income

d. None of the above

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Choose the correct benefit of ATM

a. Increased convenience

b. Increased time taken

c. Increased risk of security

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money you receive before taxes is called:

a. gross income

b. net income

c. pay day

d. bank loan

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Choose the correct full form of NEFT

a. National Electrical Fund Transfer

b. National Electronic Funds Transfer

c. Nationwide Electronic Fund Transact

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