WorksheetsFinancial Literacy
Total questions: 28
Worksheet time: 20mins
Debit cards are a convenient way to pay because you don’t have to carry cash or take time to write a check.
True
False
You should tell everyone your PIN number.
True
False
Debit card purchases are “buy now, pay now” so you must have enough money in your account to cover your purchase.
True
False
If you spend more money than is in your account, your bank will charge you a fee.
True
False
When using a credit card, you will be charged interest if the balance is not paid within 30 days.
True
False
A debit card is basically an electronic check.
True
False
What is the machine called that is used to withdraw money and that is found in shopping centers, in convenience stores, and outside financial institutions?
GWB (Great Wonderful Bank)
ATM (Automatic Teller Machine)
EBT (Easy Bank Teller)
AMM (Awesome Money Maker)
Which accounts usually pay interest?
checking
banking
savings
credit
What does deposit mean?
remove
take away
put into
spilled
An identification card issued by a bank that allows a user to buy items and services immediately and pay the cost at a later time.
Credit Card
Debit Card
Bank Card
Check
RBI is responsible for ______.
co-operation between state and central government.
construction.
the issue and supply of the Indian rupee and the regulation.
None of these.
Which of these are the functions of RBI?
Banker to Banks
Monetary Authority
Controller of Credit
Controller of Electricity
The Imperial Bank of India, after its nationalization came to be known as ______.
Reserve Bank of India
State Bank of India
United Bank of India
Indian Overseas Bank
When a bank lends money to a person or a business, they charge a small fee to make money. What is this fee called?
Interest
Savings
Credit
Cash flow
When someone puts money into an account with a bank, this is called a ______.
Fee
Donation
Deposit
Loan
Which one is the Bank of the Public?
Commercial Bank
Central Bank
Both (a) and (b)
None of the above
Central Bank of india is :
Reserve Bank Of India
State Bank of India
Central Bank of India
Bank of india
The emblem of RBI is :
Leopard, Banana leaves
Tiger, papaya leaves
Panther, palm leaves
Cheetah, Palm leaves
________ methods have made it much easier to handle transactions without carrying cash.
Contactless payment
Biometric Authentication
Merchant Account
Digital payment
The e-wallet app uses _________ to ensure only I can access my account.
digital currency
digital payment
biometric
authentication
merchant account
_________ are not only faster but also more hygienic in today's world.
QR Code
Contactless Payments
Biometric Authentication
Merchant Account:
The online store set up a ______ to accept payments through e-wallets like mine.
cryptocurrency Wallet
Digital Currency
merchant account
transaction history
Paying with coins or bills.
Cash
Gift Card
Debit Card
Cheque
Giving a piece of paper to someone that shows how much money you want them to take out of your bank account for them to put into their account.
Cash
Electronic Money Transfer
Cheque
Debit Card
