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WorksheetsFinance Literacy Quiz
Total questions: 10
Worksheet time: 5mins
The word 'bank' came from the middle German word banca. What does that mean?
Borrow
Transaction
Bench
Office
What does a bank refer to before giving a loan to an individual?
His/Her Account Balance
Credit Report
Do ground research about that person
His/Her Previous Loans
Which is the largest private sector bank in India?
HDFC Bank
ICICI Bank
Kotak Mahindra Bank
Axis Bank
When was GST launched?
2015
2016
2019
2017
What was the motto of GST?
(a)
If the Reserve Bank of India wants to increase the flow of money in the economy,
Hint: Repo rate is the rate at which commercial banks borrow money from RBI
it will decrease the Reverse Repo Rate
it will increase the Repo Rate
it will decrease the Repo Rate
it will increase the Reverse Repo Rate
Kumar invests Rs.9000 in a bank at 8% annual interest, compounded quarterly. At the end of the year, how much interest has his investment earned?
Hint: Use Compound Interest Formula
Rs. 747.5
Rs.800.05
Rs.741.89
Rs.734
Whether Cryptocurrency & digital money we use for daily transactions the same?
True
False
When was Bitcoin launched?
2008
2009
2010
2011
Which was the first city in the world to install a Bitcoin cash machine, aka, ATM?
Vancouver
San Fransisco
London
Berlin
