FY->Module-7 : Financial and Legal Literacy - Practice Mode

1) All financial activity can be done through a ___?.

Bank School College Workplace

Correct Answer: Bank

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

Hospital Bank Panchayat Assembly

Correct Answer: Bank

3) When a person deposits a fixed sum of money every over a fixed period of time, it is a _______ account.

Recurring Deposit Saving Account Current Account Fixed Deposit

Correct Answer: Recurring Deposit

4) Arya has joined a new company. They want him to open a ______so that they can credit his salary.

Fixed deposit Recurring deposit Salary account Current account

Correct Answer: Salary account

5) Avinash needs to know about his transactions from the last month. How can he get these details?

Passbook Debit Card Credit card Cheque book

Correct Answer: Passbook

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