Financial Literacy CLASS 10 Quiz

Which fund transfer settles transactions in real-time?

• Cheque

• RTGS

• IMPS

• NEFT

Which of the following is a stock exchange in India?

• NYSE

• NSE

• LSE

• TSE

Which expense is NOT covered by Education Loan?

• Books and equipment

• Hostel fees

• Personal vacation expenses

• College fees

Which is NOT a function of a bank?

• Providing loans

• Accepting deposits

• Printing money

• Offering financial advice

Main purpose of GST?

• Increase government revenue

• Simplify tax structure

• Decrease government revenue

• None of the above

Which of the following is a benefit of GST?

• Eliminates cascading effect of taxes

• Increases compliance

• Promotes ease of doing business

• All of the above

Primary impact of inflation?

• Stability in interest rates

• Increase in interest rates

• None of the above

• Decrease in interest rates

What does EMI stand for?

• Equated Monthly Instalment

• Equal Money Investment

• Enhanced Monthly Instalment

• None of the above

Role of a financial market regulator?

• Ensure fair trading practices

• Protect investor interests

• Maintain market integrity

• All of the above

What does NAV stand for in mutual funds?

• Net Asset Value

• National Asset Value

• Net Annual Value

• National Annual Value