WEALTHVIDYA MONEY LEAGUE

4TH SATURDAY
EVERY MONTH

TIME
5:00 PM – 6:30 PM
(ONLINE)

Test Event 2

Test Event 1

It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy. Various versions have evolved over the years, sometimes by accident, sometimes on purpose (injected humour and the like).

 

It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy. Various versions have evolved over the years, sometimes by accident, sometimes on purpose (injected humour and the like).

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Start-up Ecosystem and Benefits under Start-up India

It is your dream in the past years to become an entrepreneur, to open your own business, something that is useful to the community in which you live. One day you hear about the Start-up India program and you understand that you are not alone and there is a whole world of providing support to young entrepreneurs like you.

You get to know how the government assists start ups by funding, tax advantages, mentorship, and incubation centers. You are inspired and you decide to investigate whether you can ever get your own idea off the ground one day – and what it would involve to achieve success.

Now, you are interested to learn more about the world of start- up, its effects on the economy and even think how you can become a part of it.

(Max: 4 Marks)
Question 1:
Do you think every student should know about the Start-up India program? Why or why not?
(Max: 4 Marks)
Question 2:
List 4 benefits provided by the Start-up India initiative. Explain each briefly.
(Max: 4 Marks)
Question 3:
If you had an innovative business idea, would you prefer working for a company or launching your own start-up? Explain your choice.
(Max: 4 Marks)
Question 4:
What are the top 2 things you should do before registering your start-up? Give reasons for each.
(Max: 4 Marks)
Question 5:
Would you consider starting a social impact start-up that helps your community but earns less profit? Why or why not?

Fiscal Policy

You are Rohan , a 12th grade student and you are fond of economics and current affairs. A challenge is given to you by your teacher one day:

Pretend you have been appointed Finance Minister of a small country, even just for a week. It is you who are faced with the choices on how to utilize the national budget, be it on roads, hospitals, schools or even tax reduction. There is a bump in the road though; your country has a fiscal deficit and this is something you have to tell how you are going to deal with.”

You understand that fiscal policy is not the topic of politicians only but in your life largely, the school that you can attend, the amount of money that your parents can spend on taxes, and whether you will receive a job at all in the future.

Anyway, you choose to further investigate how governments spend the money as well as where they get the money and what transpires when they spend more than they generate.

(Max: 4 Marks)
Question 1:
Do you think as a student, you should care about how the government spends money? Why or why not?
(Max: 4 Marks)
Question 2:
List 4 components of the government budget and explain how each affects your daily life.
(Max: 4 Marks)
Question 3:
If you were the Finance Minister for a day and had a fiscal deficit, what would you do to reduce it? Would you cut spending or raise taxes? Explain your choice.
(Max: 4 Marks)
Question 4:
What are the top 2 things you should look at when analyzing your country’s budget? Give reasons for each.
(Max: 4 Marks)
Question 5:
Would you trust the government completely with its spending decisions, or would you want to know more about where the money goes? Explain your decision.

Digital Banking Services

You are Sahil who is a student of the 11th grade and loves to use digital tools. You have been raised in a culture where you could order food, book tickets, get to pay school fees on the internet .

One day your grandmother tells you how she used to wait in long queues at the bank to deposit money or to get a new cheque leaf. You are shocked and understand that digital banking has transformed our attitude toward handling money, and not all people know how to discuss digital banking safely.

You want to know more about digital banking services, their functioning, and safeguarding against the risks of becoming victims of fraud and data abuse .

You should also know how digital banking compares to normal banking and what is the role of the Reserve Bank of India (RBI) in making digital transactions safe.

(Max: 4 Marks)
Question 1:
Do you think digital banking is safer and better than traditional banking? Why or why not?
(Max: 4 Marks)
Question 2:
List 4 types of digital banking services and explain how each one helps students like you.
(Max: 4 Marks)
Question 3:
If you had to teach your grandparents how to use digital banking, what would you do first? Would you let them use it immediately or teach them slowly? Explain your choice.
(Max: 4 Marks)
Question 4:
What are the top 2 things you should check before using a new digital banking app? Give reasons for each.
(Max: 4 Marks)
Question 5:
Would you trust any app that claims to be a banking app, or would you double-check it first? Why?