Finance Unbox-ED (INR) - Grade 3-5 - Session 015 - Assessment 5

Finance Unbox-ED (INR) - Grade 3-5 - Session 015 - Assessment 5

1st - 5th Grade

20 Qs

quiz-placeholder

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Finance Unbox-ED (INR) - Grade 3-5 - Session 015 - Assessment 5

Finance Unbox-ED (INR) - Grade 3-5 - Session 015 - Assessment 5

Assessment

Quiz

Business

1st - 5th Grade

Practice Problem

Medium

Created by

Bhairav Shah

Used 22+ times

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20 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Select all the statements that are true about a debit card

Can be used only if there is money in the bank account
Spent amount gets deducted instantly from bank account
Interest is charged on spends made using a debit card
In most cases no annual fees and no rewards program

2.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Select all the statements that are true about a credit card

Can be used even if there is no money in the bank account
Spent amount is to be paid after around one month on a due date
Interest is charged on spends if not paid by due date
In most cases no annual fees and no rewards program

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Select the statement that is true

If you pay your credit card bills on time it is better to use your credit card to buy things
Never use your credit card to withdraw money from an ATM as it is like taking a loan
Both of the above
None of the above

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Select the statement that is true

ATM stands for 'Automated Teller Machine'
ATM should be used to withdraw money using your credit card
Both of the above
None of the above

5.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Select all the statements that are true

PIN stands for 'Personal Identification Number'
OTP stands for 'One Time Password'
PIN and OTP help you keep your money safe even if you lose your card
All of the above

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Select the statements that are true about payment gateways

Help merchants or sellers accept payments from debit cards and credit cards
Make sure that your debit card and credit card details are kept safe and secure
Both of the above
None of the above

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

POS Machine stands for?

Proof of Sale Machine
Point of Sale Machine
Point of Service Machine
Proof of Service Machine

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