Financial and Legal Literacy, Module-1 - Practice Mode

1) The amount put aside without being spent is ___?.
Correct Answer: Savings
2) Money put aside for a big expense many years from now is _____savings.
Correct Answer: Long term
3) Which saving option would you choose to buy an expensive bike you have always wanted?
Correct Answer: Goal savings
4) Rajesh wants to save Rs. 6000 every year for his old age. How much should he save every month?
Correct Answer: 500
5) Abhi wants to teach his 10-year-old daughter to save money from the pocket money she receives every month. Which option is the best?
Correct Answer: Piggy Bank
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