FY->Module-7 : Financial and Legal Literacy - Quiz

1) Financial literacy is understanding the way money is____________?.

saved spent invested saved, spent & invested

2) Costly things that are not essential for our survival are _______.

Needs Money Luxuries Savings

3) Things that are needed for survival are ______?.

Wants Needs Savings Expenses

4) Sunitha earns Rs.10,000 every month. After setting a monthly budget amount, she is able to save Rs. 2000 every month. She will use this money in case of _____.

emergencies party bills travel

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

Clothes House rent Movies Groceries