ROUND 2 Wealth Wizards 3.0 Competition

Expert Talk Feb 2026

UPI

Rohan, a 13-year-old student from Jaipur, was visiting his cousin Neha in Delhi during the summer holidays. One afternoon, they went to a street food market. After enjoying a plate of momos, Neha wanted to pay the vendor. She didn’t carry cash, so she took out her phone and paid ₹80 using BHIM UPI.

Rohan was surprised. He had never used UPI before and thought it was only for adults. Neha explained how her parents had helped her create a UPI ID linked to her bank account. She showed Rohan how to scan a QR code, enter the amount, and make the payment using a PIN.

Later, Rohan downloaded a UPI app under his parents’ supervision and successfully linked it with his minor account (enabled by his parents). He started using UPI to buy stationery, recharge his mobile, and even split bills with friends — all digitally!

(Max: Marks)
Question 1:
What benefits did Rohan experience after learning how to use UPI for digital payments?
(Max: Marks)
Question 2:
Identify 2 possible mistakes Rohan should avoid while using UPI apps.
(Max: Marks)
Question 3:
What steps did Rohan take to set up his UPI app correctly, and why is adult supervision important?
(Max: Marks)
Question 4:
Do you think it’s a good idea for teenagers like Rohan to use UPI? Why or why not?
(Max: Marks)
Question 5:
If Rohan wants to teach his school friends about safe UPI usage, what key safety tips should he include?

Shift towards Discounts, Referrals and Loyalty Programs

Ravi, a 12-year-old, has saved up ₹1500 from birthday gifts and festivals. He wants to buy a smartwatch. While browsing online, he sees different offers—some with cashbacks, others with loyalty points, and one store gives a referral bonus if he gets a friend to buy too. Confused, Ravi discusses it with his elder sister and starts comparing the offers. He wants to make the smartest financial decision, not just the cheapest.

(Max: Marks)
Question 1:
What are different types of discounts Ravi should be aware of before buying? Explain with examples.
(Max: Marks)
Question 2:
If Ravi convinces his friend to buy the same watch through his referral, what kind of reward can he expect? Explain how referral programs work.
(Max: Marks)
Question 3:
Compare any two loyalty programs from popular brands Ravi might use in the future. Which one is better for long-term use and why?
(Max: Marks)
Question 4:
Do you think businesses actually lose money when they give discounts or cashback? Justify your answer.
(Max: Marks)
Question 5:
Ravi has to choose between a cashback or a loyalty reward. What should he keep in mind to make the right choice?

Online vs Traditional Banking

Anika, a 13-year-old student, recently opened her first savings account with the help of her parents. While visiting the bank, she noticed many adults using their phones instead of coming to the counter. Curious, Anika started exploring mobile apps and online banking services. Her parents are hesitant but want her to learn about both digital and traditional banking safely and smartly. Anika now has to decide how she’ll manage her money – whether to go digital or stick to traditional ways.

(Max: Marks)
Question 1:
What are some advantages Anika would enjoy if she uses online banking?
(Max: Marks)
Question 2:
Identify 2 risks of online banking that Anika should be careful about.
(Max: Marks)
Question 3:
What services can Anika access only by visiting a traditional bank?
(Max: Marks)
Question 4:
In your opinion, which method is better for young users like Anika – online or traditional banking? Explain with reasons.
(Max: Marks)
Question 5:
Imagine Anika is setting up online banking. What safety tips should she follow to avoid frauds?

Introduction to investment

Aarav is a 10-year-old who loves making lemonade. Every weekend, he runs a small lemonade stand outside his house. He earns some money and saves it in his piggy bank. One day, his cousin tells him that keeping money in a piggy bank might not help it grow. Curious, Aarav asks his parents how money can “grow.” His parents introduce him to the idea of investing — like putting money into mutual funds, stocks, or gold. Aarav is excited but also a bit confused. Each option seems to come with its own set of risks and returns. Aarav wants to figure out which investment might work best for his goals — buying a bicycle and maybe even starting a bigger juice business!

(Max: Marks)
Question 1:
Aarav is thinking of putting his lemonade earnings in a fixed deposit. Do you think that’s a good decision for him? Why or why not?
(Max: Marks)
Question 2:
What are some of the investment options Aarav could explore other than a fixed deposit? and give 1 feature of the same.
(Max: Marks)
Question 3:
Aarav wants to make his money grow faster, but he\'s also worried about losing it. What kind of investor behavior would you suggest for him?
(Max: Marks)
Question 4:
What is meant by \"asset allocation\"? Can Aarav use this idea to grow his savings wisely?
(Max: Marks)
Question 5:
Aarav hears about “market risk” and “inflation risk.” Can you explain one of them to him in simple words?

Globalization in the Digital World

Ravi is a 13-year-old living in a small village in India. Recently, his village got access to a government-funded digital education program. A local official explained that the project was funded through public spending approved by policymakers. Some villagers were excited, while others were worried about rising prices and whether the funds could have been used elsewhere. Ravi is curious: how do government decisions, international trade, and digital changes affect people like him?

(Max: Marks)
Question 1:
Do you think it’s important for children like Ravi to understand how government decisions impact everyday life? Why or why not?
(Max: Marks)
Question 2:
What is the role of public spending in developing rural areas like Ravi’s village?
(Max: Marks)
Question 3:
If Ravi’s village now has better internet access, what behavior should he adopt to make the best use of it for learning?
(Max: Marks)
Question 4:
How can Ravi develop his digital skills to prepare for future jobs?
(Max: Marks)
Question 5:
Do you think global trade affects young people like Ravi? Give reasons for your answer.

False Advertising and One time spends

You recently received ₹1000 as a gift for scoring well in school. While scrolling through social media, you see an ad for trendy sneakers that many influencers and even your classmates are wearing. The shoes cost ₹999.

At the same time, your science teacher announces a weekend robotics workshop at school for the same price. You’ve always been interested in robotics, but the shoes look really cool and everyone is talking about them.

You are confused as you can only choose one.

(Max: Marks)
Question 1:
How can advertisements or influencers affect what you want to buy? Why should you think carefully before believing everything in an ad?
(Max: Marks)
Question 2:
If you choose to attend the robotics workshop instead of buying the shoes, what are you giving up? Is it worth it? Why or why not?
(Max: Marks)
Question 3:
What is a one-time spend? Give two examples and say how you can stop yourself from making unnecessary one-time spends.
(Max: Marks)
Question 4:
Think of a time when you bought something just because your friends were buying it. What did you learn from that? What will you do next time?
(Max: Marks)
Question 5:
Imagine seeing an ad that says, “This watch will make you the most popular kid in school!” What should you do before deciding to buy it?

Wealth Wizards Competition 3.0

Date – 8th September, Monday 2025

Time – 10AM – 4PM