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Financial Literacy

Total questions: 10

Worksheet time: 11mins

Name
Class
Date
1.

What is Financial Literacy

a)

Knowledge about managing accounts

b)

Knowledge about coding

c)

Knowledge necessary to make important financial decisions.

d)

Knowledge about networking

2.

Personal bank account is called:

a)

Current account

b)

Savings account

c)

None of these

d)

Both of these

3.

What are the advantages offered by bank ?

a)

Interest on deposits

b)

Safer

c)

Over withdrawal facilities

d)

All of the above

4.

KYC means are

a)

Know Your Customer

b)

Know your character

c)

Know your credit card

d)

None of the above

5.

Coins are issued by

a)

RBI

b)

Government of India

c)

Public sector banks

d)

None of the above

6.

NEFT stands for

a)

National Electric Fund Transfer

b)

National Electronic Fund Tranfer

c)

National Electrical Fund Transfer

d)

None of the above

7.

ATM can be used for

a)

Cash withdrawal

b)

Account enquiry

c)

Statement of account

d)

All of the above

8.

Which currency note has security thread

a)

Rs. 50

b)

Rs. 100

c)

Rs. 500

d)

All of the above

9.

What is meant by Aadhaar seeding

a)

Linking of bank with bank account

b)

Duplicate issuance of aadhaar

c)

Tranfer of aadhaar

d)

None of the above

10.

Can an illitrate person be issued a debit card

a)

No

b)

Yes

c)

Only in case of joint account

d)

Only in case he/she is head of family