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Financial literacy practice questions

Total questions: 8

Worksheet time: 3mins

Name
Class
Date
1.

1) ___________ reduces consumer spending and results in fewer job opportunities.

a)

Higher prices

b)

Lower interest rates

c)

Higher unemployment

2.

3) __________ is the common decision-making strategy which involves choosing the

option that is most likely to avoid the worst possible result.

a)

Avoidance

b)

Desire

c)

Security

d)

Showing this on social media

3.

Rohan has ₹100. He wants to buy a toy, but he is also saving money for a school trip.

a) What is Rohan’s opportunity cost if he buys the toy?

b) What would be a wiser decision? Give reason

4 lines
4.

A …………………… is a type of financial institution that helps with money management.

(a)  

5.

Why do we need banks?

a)

To get more followers on social media

b)

To be stronger

c)

So people go to the bank in search of a

safe place to keep their money

6.

Easy question Who is the best teacher only one

a)

Albert Einstein

b)

🎀Remya ma’am🎀

c)

Vecna

d)

All the teachers in OOD that we know

7.

Which institution plays a key role in regulating and overseeing the banking system to

ensure stability and protect consumers?

a)

World bank

b)

Federal reserve

c)

Bank for international settlements (BIS)

d)

International Monetary Fund (IMF)

8.

Was it Hard or easy

a)

Hard

b)

Very hard

c)

Easy

d)

Easy peasy lemon squeezey