1. The amount put aside without being spent is ____.
    • A. Savings
    • B. Bill
    • C. Tax
    • D. Deductions
    • Answer: A
  2. Money put aside for a big expense many years from now is ____ savings.
    • A. Long term
    • B. Goal
    • C. Emergency
    • D. Short term
    • Answer: A
  3. Which saving option would you choose to buy an expensive bike you have always wanted?
    • A. Long term savings
    • B. Goal savings
    • C. Emergency savings
    • D. None of these
    • Answer: B
  4. Rajesh wants to save Rs. 6000 every year for his old age. How much should he save every month?
    • A. 100
    • B. 500
    • C. 50
    • D. 6000
    • Answer: B
  5. 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?
    • A. Fixed Deposit
    • B. Salary Account
    • C. Piggy Bank
    • D. None of these
    • Answer: C