Financial and Legal Literacy, Module-VIII (1st)

Financial literacy is understanding the way money is

• Saved
• Spent
• Invested
• All of them

Costly things that are not essential for our survival are

• Needs
• Wants
• Luxuries
• Savings

Things that are needed for survival are       .

• Wants
• Needs
• Savings
• Expenses

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

• Emergencies
• Party
• Bills
• 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

All financial activity can be done through a         .

• Bank
• School
• College
• Workplace

Institution licensed by the government to keep money safe is           

• Hospital
• Bank
• Panchayat
• Assembly

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

• Recurring Deposit
• Saving Account
• Current Account
• Fixed Deposit

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

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

• Passbook
• Debit Card
• Credit card
• Cheque book