Financial and Legal Literacy, Module-1 - Quiz

1) The amount put aside without being spent is ___?.

Savings Bill Tax Deductions

2) Money put aside for a big expense many years from now is _____savings.

Long term Goal Emergency Short term

3) Which saving option would you choose to buy an expensive bike you have always wanted?

Long term savings Goal savings Emergency savings None of these

4) Rajesh wants to save Rs. 6000 every year for his old age. How much should he save every month?

100 500 50 6000

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?

Fixed Deposit Salary Account Piggy Bank None of these