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Financial Literacy Quiz Flashcards | StudBud
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Financial Literacy Quiz
Financial Literacy Quiz
15 terms
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StudBud Administration
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6 plays
Before we get started Lets see how much we know about Financial Literacy
Flashcards
15 cards
F
Practice quiz
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Host live
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Questions
15
Answers
1
Full-form of SIP
Saving-Investment Product
Saving-Insurance Plan
None of the above
Systematic-Investment Plan
2
Need is essential for our survival?
No clue
True
What is a Need
False
3
Inflation is price rising
False
True
4
What is an Asset and Liability?
Asset- Spending money Liability- Earning salary
Asset- Value increases Liability- Value Decreases
Included in Mutual Funds
Types of Investments
5
Mutual Funds are types of loans
True
False
6
Saving and Investment are the same
False
True
7
What is full form of RBI?
Reserve Bank of India
Rural Bank of Indian
Regional Bank of India
Rate Binary Index
8
Budget is the amount you can spend on things
True
False
9
How many types of income are there?
7
6
4
2
10
What is Insurance?
Safe-guarding financial future
Type of bank account
Huh??? What's Insurance???
Money-making technique
11
You can open an account in both Public bank and Private bank
False
True
12
Who is the Governor of RBI?
Shaktikanth Das
Niramala Sitaraman
Narendra Modi
Sanjay Malhotra
13
Who prints Indian Currency
RBI
Finance Minister
Central Government
State Government
14
What does M stand for in SMART goals?
Money
Multiply
Measurable
Maintain
15
The difference between Credit Card and Debit Card?
Both are pre-paid
Both are post-paid
CC: post-paid DC: pre-paid
CC: pre-paid DC: post-paid
