Question Paper
Class / Subject: Class 9 (SSC) · Mathematics - Algebra (बीजगणित)
Chapter: Chapter 6 — Chapter 6: Financial Planning
Time Allowed: 32 minutes
Max Marks: 16
1. What is budgeting? [1]
(A) Planning income and expenses
(B) Only spending freely
(C) Only saving nothing
(D) Ignoring money management
2. What should budgeting ensure? [1]
(A) Spending doesn't exceed income
(B) Spending always exceeds income
(C) No savings at all
(D) Ignoring expenses
3. What is the simple interest formula? [1]
(A) SI=(P×R×T)/100
(B) SI=P+R+T
(C) SI=P×R×T
(D) SI=P÷R÷T
4. How does compound interest differ from simple interest? [1]
(A) It grows on principal plus earned interest
(B) It never grows
(C) It's always lower
(D) It's the same as simple interest
5. What is GST? [1]
(A) Goods and Services Tax
(B) A type of interest
(C) A type of loan
(D) A type of savings account
6. What does GST affect? [1]
(A) The cost of goods
(B) Only interest rates
(C) Only savings accounts
(D) Nothing significant
7. What is a good financial habit? [1]
(A) Saving regularly, avoiding unnecessary debt
(B) Spending everything immediately
(C) Ignoring savings
(D) Taking on unnecessary debt
8. Why learn financial planning? [1]
(A) For long-term financial security
(B) No reason
(C) It's not useful
(D) Only for tests
9. What is budgeting? [1]
(A) Planning income and expenses
(B) Only spending freely
(C) Only saving nothing
(D) Ignoring money management
10. What should budgeting ensure? [1]
(A) Spending doesn't exceed income
(B) Spending always exceeds income
(C) No savings at all
(D) Ignoring expenses
11. What is the simple interest formula? [1]
(A) SI=(P×R×T)/100
(B) SI=P+R+T
(C) SI=P×R×T
(D) SI=P÷R÷T
12. How does compound interest differ from simple interest? [1]
(A) It grows on principal plus earned interest
(B) It never grows
(C) It's always lower
(D) It's the same as simple interest
13. What is GST? [1]
(A) Goods and Services Tax
(B) A type of interest
(C) A type of loan
(D) A type of savings account
14. What does GST affect? [1]
(A) The cost of goods
(B) Only interest rates
(C) Only savings accounts
(D) Nothing significant
15. What is a good financial habit? [1]
(A) Saving regularly, avoiding unnecessary debt
(B) Spending everything immediately
(C) Ignoring savings
(D) Taking on unnecessary debt
16. Why learn financial planning? [1]
(A) For long-term financial security
(B) No reason
(C) It's not useful
(D) Only for tests