FINANCIAL LITERACY

Financial literacy is understanding the way money is

• Save

• Spent

• Invested

• all of them

Things that are needed for survival are ___.

• Wants

• Needs

• saving

• Expenses

Costly things that are not essential for our survival are

• Needs

• Wants

• Luxuries

• savings

Sunitha earns ten thousand every month. She keeps two thousand aside. She will use this money in case of _____.

• party

• Emergencies

• Bill

• travel

Gopi spends his salary on movies, groceries, house rent and clothes. Where can he reduce his expenses to save some money?

• Clothes

• House rent

• Movies

• Groceries

Avinash needs to know about his last month transactions. How can he get these details?

• Passbook

• Debit Card

• Credit card

• Cheque book

Arya has joined a new company. They want him to open a _____ account so that they can credit his salary.

• Fixed deposit

• Recurring deposit

• Salary account

• Current account

When a person deposits a fixed sum of money every month, it is _____ account

• Recurring Deposit

• Saving Account

• Current Account

• Fixed Deposit

Institution licensed by the government to keep money safe is _____

• Hospital

• Bank

• Panchayat

• Assembly

All financial activity can be done through a ____.

• Bank

• School

• School

• Workplace