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fin quiz

Total questions: 12

Worksheet time: 9mins

Name
Class
Date
1.

What is Financial Literacy ?

a)

Knowledge about networking

b)

Knowledge about managing accounts

c)

Knowledge about coding

d)

Knowledge necessary to make important financial

decisions.

2.

What are the advantages offered by bank ?

a)

Safety

b)

Over withdrawal facilities

c)

Interest on deposits

d)

All of these

3.

KYC means ?

a)

Know your customer

b)

know your card

c)

know your credit score

d)

none of these

4.

What are the different types of bank accounts?

a)

Savings account

b)

Current account

c)

salary account

d)

All of the above

5.

What is the importance of financial planning?

a)

Ensuring financial stability

b)

Managing expenses

c)

Investing wisely

d)

All of the above

6.

Why is it important to have a good credit score?

a)

Easy access to loans

b)

better interest on deposits

c)

lower credit limit

d)

All of the above

7.

Coins are issued by :

a)

Reserve bank of India

b)

Public sector banks

c)

government of India

d)

None of these

8.

You should tell everyone your PIN number :

a)

yes

b)

no

9.

What is the purpose of a budget?

a)

To track income and expenses

b)

To plan for future expenses

c)

To control spending

d)

All of the above

10.

What is the importance of creating an emergency fund?

a)

To have money for unexpected expenses

b)

To buy luxury items

c)

To invest in stocks

d)

None of the above

11.

What does deposit mean?

a)

remove

b)

spill

c)

put into

d)

withdraw

12.

What is the importance of saving money?

a)

To buy expensive things

b)

To have financial safety

c)

To spend on unnecessary items

d)

None of the above