[ays_quiz id='30']
FINANCIAL & LEGAL LITERACY ITI MOCK TEST EMPLOYABILITY ELECTRICIAN 1ST YEAR EMPLOYABILITY SKILL (1st year) : FINANCIAL & LEGAL LITERACY 1 / 35 Paul just got hired and received his employment letter. He is supposed to read it carefully and sign as it is a ____. Poster Marks card Certificate Legal binding document 2 / 35 Online portal set up by the government to make any government related complaints is ___. Public grievances porta Public informing portal Place grievances portal Public information portal 3 / 35 Sudha just delivered a baby. For how long Is she entitled to take a maternity leave as an employee? One year 26 weeks 2 months 5 months 4 / 35 RTI means_________. Road Transport Institute Right to Information Right to Insurance Right to Inform 5 / 35 Financial literacy is understanding the way money is ___________. spent saved invested saved, spent & invested 6 / 35 Things that are needed for survival are _______. Wants Savings Expenses Needs 7 / 35 Institution licensed by the government to keep money safe is _____. Bank Panchayat Assembly Hospital 8 / 35 Costly things that are not essential for our survival are ______. Money Savings Needs Luxuries 9 / 35 What can you do with online banking? Open a bank account Get details of all the transactions Send money to someone All of these 10 / 35 When a person deposits a fixed sum of money every over a fixed period of time, it is a _____ account. Saving Account Fixed Deposit Recurring Deposit Current Account 11 / 35 A ________ is a square, black and white code that you can scan with the camera and use. Password OTP User ID QR Code 12 / 35 Pragathi downloaded the bank app on her mobile. What should she not share with anyone? MPIN Password OTP All of these 13 / 35 Disha wants to repay her loan. How can she do it without going to the bank? Open bank account Online transfe Withdraw from ATM Close account 14 / 35 Arya has joined a new company. They want him to open a ______ so that they can credit his salary. Recurring deposit Salary account Fixed deposit Current account 15 / 35 We can use _________to do mobile banking on a smartphone. Mobile banking app Gaming app Weather app Passbook 16 / 35 Online banking is also called _____. Office banking Home banking Self banking Net banking 17 / 35 Indu booked her railway ticket from the website and paid using online banking. What type of transaction is it? Cheque payment Credit Digital transaction Cash Payment 18 / 35 Avinash needs to know about his transactions from the last month. How can he get these details? Debit Card Cheque book Passbook Credit card 19 / 35 All financial activity can be done through a ____. School College Workplace Bank 20 / 35 Karthik has joined a new company. His salary is Rs. 3 lakhs per year. This is his ____salary. Monthly Basic Gross Net 21 / 35 Gopi spends his salary on movies, groceries, house rent and clothes. Where can he reduce his expenses to save some money? Movies Clothes Groceries House rent 22 / 35 Priya wants to purchase a bike. Which loan should she apply for? Auto loan Education loan Home loan Personal loan 23 / 35 Which saving option would you choose to buy an expensive bike you have always wanted? Emergency savings Goal savings Long term savings None of these 24 / 35 What is the benefit of paying money regularly for an insurance plan? It covers travel expenses It provides free entertainment. It increases monthly savings It helps us manage emergency situations 25 / 35 On a bank holiday, which of these methods cannot be used by Shahab for money transfer? BHIM app Deposit at the bank branch Amazon pay Google pay 26 / 35 What is an easy and quick way to make online payments? Cash on delivery Digital wallets Going to the bank Cheque payment 27 / 35 The government collects ____ from the citizens. Tax Loan Conveyance Deductions 28 / 35 Which among these is NOT a digital wallet? MobiKwik PhonePe Internet explorer Paytm 29 / 35 Money borrowed from bank or a person is called ____. Gift Tax Loan Interest 30 / 35 Rajesh wants to save Rs. 6000 every year for his old age. How much should he save every month? 100 500 6000 170 31 / 35 The amount put aside without being spent is ____. Bill Tax Savings Deductions 32 / 35 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? Piggy Bank Fixed Deposit Salary Account None of these 33 / 35 Rita wants to complete her higher education from a good university. Which loan should she apply for? Personal loan Auto loan Home loan Education loan 34 / 35 The extra amount we pay for borrowing money is _____. Hidden charges Interest Processing charges Loan 35 / 35 Knowledge and awareness of laws is called ____. Digital literacy Financial literacy Legal literacy English literacy Your score isThe average score is 0% 0% Restart quiz