Money
What do we use to buy goods and services?
Money
Which place keeps your money safe?
Bank
Keeping money for future needs is called ______.
Saving
Name one digital payment app.
PhonePe, Google Pay, Paytm, BHIM
Money you earn is called:
Income
Which institution prints Indian currency notes?
RBI
What card allows you to withdraw money from your bank account?
ATM/Debit Card
Buying food is an example of: Spending or Saving
Spending
What does UPI stand for?
Unified Payments Interface
Money you spend is called:
Expense
What is India's official currency called?
Indian Rupee (₹)
What does ATM stand for?
Automated Teller Machine
Which is a better habit?
A. Spend everything
B. Save some money
Save some money
Which code do we scan to make digital payments?
QR Code
Money left after spending is called:
Savings
If you buy a notebook for ₹50 and pay ₹100, how much change should you receive?
50
What document records money deposited and withdrawn from your bank account?
Bank Statement or Passbook
Name one reason people save money.
Education, emergencies, travel, house, retirement, etc.
True or False:
You should never share your UPI PIN.
True
Money borrowed from a bank is called:
Loan
What is a budget?
A plan for income and expenses.
Why do people open a savings account?
To save money safely and earn interest.
What is an emergency fund?
Money kept aside for unexpected expenses.
Which is safer?
A. Sharing OTP with strangers
B. Keeping OTP secret
Keeping OTP secret
Extra money earned on savings in a bank is called:
Extra money earned on savings in a bank is called: