Assessment Feedback-Financial Literacy

Lesson Plan


  • To assess participants’ understanding of financial literacy and to guide them with further tips

Total Time: 90 Minutes

Materials Required: Assessment printout for each student/google form link or any other platform where the assessment has been published (to be decided by programme management team)

Instructor Note: 

This assessment and mentorship session will ensure that each student is aligned with the importance and objective of financial literacy. Making it clear that it’s not a subject to learn but a skill to practice in day to day life to have a financially secure future. Check with the programme management team whether the assessment will be conducted on paper or online through google form/any mobile app.

Opening Protocol:

  • Greet the participants

  • Take attendance

  • Ask participants to share with each other how they are feeling

  • Make everyone feel comfortable

5 Minutes

Activity 1: Assessment-Financial Literacy

  • Trainer will ask students to take the Financial Literacy assessment 

  • Explain the assessment format i.e. multiple choice questions are there, they have to mark on the right answer, these questions covers things that they have learned in digital literacy

  • Give them clear instructions about timing, how to mark answer

  • Tell them that there is no negative marking

25 Minutes

Activity 2: Guidance by Trainer

  • Ask students to sit in the same groups of buddies that they had created on Day 5

  • Give them 5 minutes to share their experience of assessment with each other

  • Ask groups to share topics that they need guidance on. Write the topics on the board

  • Take the common topics and explain/demonstrate those topics again

10 Minutes

Activity 3: Group Mentorship

  • Ask each group to come to you one by one for mentorship

  • Spend 10 minutes with each group (decide the duration as per the number of groups that have to be done in the given time)

  • While one group will come for mentorship, other groups can revisit the concepts in their handbooks to ensure they are ready to move to the next module

This is what the trainer can do in mentorship meeting

  • Ask them about their biggest takeaways from Financial literacy module and how they are planning to use the concepts in their life

  • Tell them their scores and share your observation for their group, give them tips to become better at it, explain the topics that this group is finding difficult

  • Tell them that the financial module has been completed but the practice has to continue. They should use the things they have learned.

  • Tell them how financial literacy will help them in their life

45 Minutes

Closing Protocol: 

  • Thank the participants for their time

  • Announce the next time you will be visiting them

  • Share the topic of the next session

5 Minutes

Assessment Questions

For Students

  • Time: 25 minutes

  • There is no negative marking

  • Each correct answer carries 1 score

  • This assessment carries total 25 scores

  • To be done individually by each student


1) What is the full form of an ATM? 

a) Any Time Money

b) Automated Teller Machine

2) Liquidity in terms of banking means?

a) How easily we get the cash

b) How easily we get the liquid 

c) How easily we get the loan

3) What is a Passbook?

a) A rough book given by bank

b) A book through which we can track our transactions

c) A pass that allows us to enter the bank

4) Which of the following accounts is also called a deposit account?

a) Current Account

b) Savings Account 

5) Which account does not give you interest?

a) Savings Account

b) Deposit Account

c) Current Account

6) What is overdraft?

a) Money paid through draft

b) Withdrawing more money than available in account

c) Doing transactions beyond the allowed limit

7) Income – Expense = _____________?

a) Savings

b) Spending

8)  What is the meaning of Capital in Finance?

a) Equity

b) Money

c) Debt

9) A premium can be paid in which of the following options?

a) Monthly

b) Quarterly

c) Annually

d) All of the above

10) Insurance gives you ____________?

a) Financial Stability

b) Interest returns

c) Profit Shares

11) SIP Stands for?

a) Systematic Insurance Plan

b) Systematic Implementation Plan

c) Systematic Investment Plan

12) Is term insurance compulsory insurance?

a) Yes

b) No 

13) __________ is a compulsory contribution to the government’s revenue through income, commodity or business profit.

a) Bond

b) Interest

c) Tax

14) Section 80C gives you a tax benefit on?

a) Medicine

b) Income

c) Investment 

15) Section 80E gives you a Tax benefit on ___________?

a) Interest of Education Loan

b) Principal of House Loan

c) Interest from Fixed Deposit

16) Individuals & Businesses that help to grow small businesses are called as___________?

a) Moneylenders

b) Angel Investors

17) Coir Udyami Yojna aims for?

a) To set up rice units

b) To set up coir units

c) To set up farming business units

18) NABARD is a lending institution major focuses on ?

a) Rural Area

b) Urban Area

19) Through Atal Incubation Center, the selected startups get funding from?

a) Rs. 1 Cr

b) Rs. 5 Cr

c) Rs. 10 Cr


20) In which type of loan the person doesn’t pay interest for the first 9-15 months?

a) Term Loan

b) Line of Credit

c) Installment Loan

21) The time frame for clearing a Cheque is?

a) Instant Deposit

b) 2-3 working days

c) 10-15 working days

22) In a Cheque, who is supposed to sign under authorised signatory?

a) Issuer

b) Receiver

c) Bank Official

23) What should you do, you fall into the trap of Phishing? 

a) Lodge a police complaint

b) Leave it as you’ll be made fun of

24) A cash deposit slip is divided in how many parts?

a) One

b) Four

c) Three

d) Two

25) What is the highest percentage (%) of Tax Slab defined by the government?

a) 20%

b) 25%

c) 30%

d) 35%

Leave a comment

Your email address will not be published. Required fields are marked *