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What is Financial Literacy

• Knowledge about managing accounts

• Knowledge about coding

• Knowledge necessary to make important financial decisions.

• Knowledge about networking

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

Which currency note has security thread

• Rs. 50

• Rs. 100

• Rs. 500

• All 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

Debit cards are a convenient way to pay because you don’t have to carry cash or take time to write a check.

• True

• False

You should tell everyone your PIN number.

• True

• False

Debit card purchases are “buy now, pay now” so you must have enough money in your account to cover your purchase.

• True

• False

A debit card is basically an electronic check.

• True

• False