WorksheetsBasic of finance 2
Total questions: 20
Worksheet time: 10mins
What is the main purpose of a budget?
To keep track of income and expenses
To pay taxes
To open a bank account
What does ATM stand for?
Automatic Transfer Money
Automated Teller Machine
Account Transaction Method
Which of these is an example of an asset?
Car
Electricity bill
Loan repayment
What is the currency of Japan?
Dollar
Yuan
Yen
If you borrow money from a bank, what do you usually pay in return?
Discout
Interest
Dividend
What is the full form of GDP?
General Domestic Price
Gross Domestic Product
Government Development Plan
Which one is a type of investment?
Bus Ticket
Mutual Fund
Grocery
8. If you save ₹1,000 in a bank account that earns interest, what happens over time?
a) The money increases ✅
b) The money decreases
c) The money disappe
ars
The money increases
The money decreases
The money disappears
What does 'debit' in banking mean?
Money coming in
Bank closing your account
Money going out of an account
Which one is NOT a mode of online payment?
Cheque
UPI
Credit card
What is the main job of the Reserve Bank of India?
Collect school fees
Sell Groceries
Print currency and regulate banks
What does 'inflation' mean?
People buying fewer products
Prices of goods and services going up
Government reducing taxes
Which is the safest place to keep your savings?
Bank
Under the pillow
Wallet
Which one is an example of a liability?
Gold
Salary
Home loan
What is the full form of EMI?
Easy money income
Equated monthly instalment
Equal money interest
What does a credit score measure?
How well you repay loans
How much you earn
How much you spend
Which one is a short-term financial goal?
Retirement savings
Buying a house in 20 years
Buying a new phone
What does UPI stand for?
Universal Payment India
Unified Payment Interface
Union Payment Institute
Which of these is a fixed expense?
Monthly rent
Buying clothes
Eating at a restaurant
If a share price goes up, what does it mean for the shareholder?
They lose money
Nothing changes
The value of their investment increases
