Financial Management Quiz

Which of the following is a financial activity you are likely to do in everyday life?

• Using UPI to make payments

• Posting on social media

• Ordering food

• Watching movies

When you plan how to spend your monthly pocket money, you are doing:

• Accounting

• Financial Planning

• Marketing

• Auditing

Which of the following is considered a saving tool?

• Fixed Deposit

• Credit Card

• Loan

• EMI

Paying bills through UPI is an example of:

• Borrowing

• Earning

• Digital transaction

• Investing

Which is a better example of budgeting?

• Spending randomly

• Tracking income and expenses

• Investing in stocks

• Shopping online

Which activity involves financial decision making?

• Deciding to buy clothes

• Deciding whether to save or invest

• Choosing a party outfit

• None

What does ATM stand for?

• Automated Teller Machine

• Automatic Transfer Money

• Active Transaction Method

• None

Keeping track of expenses daily is called:

• Planning

• Auditing

• Budgeting

• Forecasting

Purchasing insurance is a type of:

• Gambling

• Speculation

• Risk management

• Expense

Which of the following is NOT a financial activity?

• Saving money

• Watching reels

• Depositing in bank

• Paying school fees