Banking Basics
Which type of account is mainly used for savings and earns interest?
Savings account
Income – Expenses = ?
Savings
Tax on income is called?
Income tax
Should you ever share OTP with anyone?
No
A good leader always sets a good ___ for others.
Example
What is the minimum age to open a bank account in your own name?
18 years
Money kept for emergencies is called?
Emergency Fund
GST is an example of what kind of tax?
Indirect tax
What is phishing?
Fake messages/emails to steal personal info
Making a timetable for your day is part of which skill?
Time Management
This is a digital payment system developed by RBI that allows instant money transfer 24x7 using just a mobile number or UPI ID.
UPI
What is “interest”?
Extra amount paid on a loan
Which scheme provides free LPG connections to poor women
Ujjwala Yojana
Which number do you call to report digital payment fraud?
1930
What is delegation?
Assigning work to others
What is KYC
Know Your Customer
The cost of borrowing money or the reward for saving money is called?
Interest
Which scheme gives health insurance of up to ₹5 lakh per family
Ayushman Bharat / PM-JAY
If you get a call offering a loan without documents, what should you do?
Ignore / Report – it’s a scam
Name one quality of a good leader
Honesty, confidence, communication, empathy, etc.
This type of loan has no collateral but usually has higher interest.
Personal loan/Unsecured loan
If you earn ₹20,000 a month, spend ₹15,000, and save ₹5,000, what percentage of your income are you saving?
25%
Which scheme encourages people to open zero-balance bank accounts, providing financial inclusion for all?
Jan Dhan Yojna
Give one safety tip when using UPI apps.
Don’t share PIN, check app authenticity, read messages carefully
Name any three types types of leadership
Supportive,Autocratic,Democratic