Worksheets › Class 9 › Managing Your Personal Finances
Class 9 Managing Your Personal Finances worksheet
CBSE Social Science. Budgeting, saving, interest and compounding, inflation, investment types, insurance, EMIs and taxes. Every sheet has 20 questions in three sections and an answer key, and the numbers change every time.
Sample questions
Real questions from this chapter, as the app sets them. Tap Answer to see the answer and working.
Section A · multiple choice
- 1.
A written plan balancing income and expenses is a:
- premium
- dividend
- loan
- budget
Answer
(d) budget
- 2.
What is meant by “compounding”?
- earning returns on earlier returns
- a plan for income and spending
- spreading money across different assets
- the time until a loan or bond is repaid
Answer
(a) earning returns on earlier returns
- 3.
Which describes a bond?
- pooled money managed by professionals
- cover against losses in return for a premium
- money kept for a fixed time at fixed interest
- a loan to a government or company that pays interest
Answer
(d) a loan to a government or company that pays interest
Section B · short answer
- 4.
Name the pillars of personal finance.
Answer
Income, budgeting, saving, investing, and protection and risk management.
- 5.
Explain each term: (a) inflation (b) debt
Answer
(a) a general rise in prices (b) money owed to someone
Section C · long answer
- 6.
Describe the four steps of making a budget.
Answer
List your expenses, set a savings goal, track your spending, and review and adjust the plan.
Fresh sheets for your child
In the app, every Managing Your Personal Finances sheet is new: the app remembers the questions your child has already had and leaves them out. Print the sheet as a PDF, or use notebook mode and write the answers in a notebook.
Coming soon for Android and iPhone.