Employability Skills MOCK TEST – 10

Module 8 : Financial and Legal Literacy

1. Which among these is not a digital wallet?

 
 
 
 

2. Institution licensed by the government to keep money safe is           

 
 
 
 

3. Regular payment made by the employer to the employee is       .

 
 
 
 

4. When a person deposits a fixed sum of money every month, it is            account

 
 
 
 

5. Arya has joined a new company. They want him to open a            account so that they can credit his salary.

 
 
 
 

6. Sunitha earns ten thousand every month. She keeps two thousand aside. She will use this money in case of           .

 
 
 
 

7. Costly things that are not essential for our survival are

 
 
 
 

8. Ravi went out shopping, but he forgot to carry his wallet. How can he pay for his bills?

 
 
 
 

9. Which among these is not good saving habit?

 
 
 
 

10. A square, black and a white code that can be scanned with the camera is a           .

 
 
 
 

11. Paul just got hired and received his employment letter. He is supposed to read it carefully and sign as it is a         .

 
 
 
 

12. Financial literacy is understanding the way money is ______________

 
 
 
 

13. Avinash needs to know about his last month transactions. How can he get these details?

 
 
 
 

14. We can use net banking for

 
 
 
 

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

 
 
 
 

16. Jannu logged into her bank using her friend’s laptop. What should she do to the website?

 
 
 
 

17. On Smartphone we can do mobile banking through       .

 
 
 
 

18. Indu booked her railway ticket from the website and paid using online banking. What type of transaction is it?

 
 
 
 

19. Karthik has joined a new company. His salary is 3 lakh per year. This is his         salary

 
 
 
 

20. Priya’s mother had to undergo an expensive surgery. She was able to pay for it through her
        .

 
 
 
 

21. Money put aside for a big expense many years from now is          saving

 
 
 
 

22. The loan can be repaid in           

 
 
 
 

23. Knowledge and awareness of laws is called         

 
 
 
 

24. Online payment app used on mobile device is

 
 
 
 

25. The government collects          from the citizens.

 
 
 
 

26. All financial activity can be done through a         .

 
 
 
 

27. Pragathi downloaded the bank app on her mobile. She should not share her            with anyone

 
 
 
 

28. RTI means

 
 
 
 

29. Sam opened a new shop. Which of these methods can he use to receive payments into his account?

 
 
 
 

30. Net banking is done on a computer through a
          .

 
 
 
 

31. The amount put aside without being spent is         .

 
 
 
 

32. Simon’s company calculated the income tax and paid on behalf of him. This is called         .

 
 
 
 

33. Gopi spends his salary on movies, groceries, house rent and clothes. Where can he reduce his expenses to save some money.

 
 
 
 

34. Rita wants to complete her higher education from a good university. Which loan should she apply for?

 
 
 
 

35. Disha wants to pay money to the her loan account. How can she do it without going to the bank?

 
 
 
 

36. Online portal set up by the government to make any government related complaints is       .

 
 
 
 

37. On a bank holiday, which of these methods cannot be used by Shahab for money transfer?

 
 
 
 

38. The price we pay for borrowing money is           .

 
 
 
 

39. Money borrowed from bank or a person is         

 
 
 
 

40. Things that are needed for survival are       .

 
 
 
 

41. Financial transactions can happen in         

 
 
 
 

42. Online banking is also called           .

 
 
 
 

43. Sudha just delivered a baby. For how can she take a maternity leave entitled to her as an employee?

 
 
 
 

44. Deductions should be paid from the       .

 
 
 
 

45. Abhi wants to teach his 10 yr old daughter to save money from the pocket money she receives. Which option is the best?

 
 
 
 

Question 1 of 45

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