Practice Basics of Financial Literacy - 4.6.3 | 4. Entrepreneurial Skills – IV | CBSE Class 12th AI (Artificial Intelligence)
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Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

Define financial literacy in your own words.

💡 Hint: Think about the skills required for managing money.

Question 2

Easy

What is a budget?

💡 Hint: Consider how you plan to spend your money.

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

What is the formula for calculating profit?

  • Profit = Revenue - Cost
  • Profit = Cost - Revenue
  • Profit = Revenue + Cost

💡 Hint: Think about how businesses evaluate their success.

Question 2

True or False: Keeping financial records is optional for small businesses.

  • True
  • False

💡 Hint: Consider the implications of not keeping records.

Solve and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

Create a budget for a new startup, considering fixed and variable costs.

💡 Hint: Consider both operational and unexpected costs.

Question 2

Analyze a simple financial record and identify potential errors or discrepancies.

💡 Hint: Look for missing entries or miscalculations in revenue.

Challenge and get performance evaluation