ROUND 2 Wealth Wizards 3.0 Competition

Expert Talk Feb 2026

How does Zomato and Ola Make Money

Aman was home alone and craving biryani. He found a great deal on Zomato—₹250 for a combo meal—and quickly placed the order. Twenty minutes later, his neighbour Priya returned from the same restaurant with a takeout biryani that cost her only ₹200. Aman was confused. Why did the same meal cost more online?

Curious, Aman asked his older cousin, who explained that platforms like Zomato charge restaurant commissions, delivery fees, and sometimes inflate prices. His cousin also told him that Ola works similarly, earning commission from drivers and charging more during busy hours through surge pricing.

Aman realised that although online services are super convenient, they come with extra costs and marketing tricks. He decided to think twice before ordering next time—and to always compare prices!

(Max: Marks)
Question 1:
Why do you think Aman was surprised by the price difference? What lesson did he learn?
(Max: Marks)
Question 2:
List 2 ways that platforms like Zomato and Ola make money, based on the story.
(Max: Marks)
Question 3:
What would you do differently if you were in Aman’s place and wanted to save money?
(Max: Marks)
Question 4:
Identify 2 hidden charges or tricks online platforms use that can increase your bill.
(Max: Marks)
Question 5:
Why don’t Zomato or Ola need to own restaurants or taxis to earn money?

Global Economy – Inflation, Recession and Impact on Interest rates Project

Riya is an 8th grader, living in a small town and her family has a small grocery shop. In recent times, her parents have been concerned, the cost of sugar, pulses, and cooking oil continues to increase and the consumers are purchasing in low quantities. According to her father, he has to increase prices and does not want to, but he has no choice because his supplier is increasing prices. One day her economics teacher tells you that this is inflation, and that it is not only your family that is getting it, the entire country is inflated. She also writes about how recession may occur when the people start to save money and stop the spending, and how the RBI sets up the interest rates so as to contain the inflation (this makes the loans more costly). This is what makes you understand that what occurs in the global economy might influence your family shop, your school bills and even your future employer. Well, it occurs to you that you had better find out more about the relationship between inflation, recession and interest rates as also how you can help the interests of your business safe in times of hardship sitting at home.

(Max: Marks)
Question 1:
After seeing how inflation is affecting your family’s shop, do you think students should care about global economic issues? Why or why not?
(Max: Marks)
Question 2:
Explain how inflation, recession, and interest rates are connected, using what’s happening in your family’s grocery shop as an example.
(Max: Marks)
Question 3:
Your father is thinking of taking a loan to buy more stock, but interest rates have gone up. Would you support this decision or suggest another way? Explain your choice.
(Max: Marks)
Question 4:
What are the top 2 things your family can do to protect their business during inflation and high interest rates? Give reasons for each.
(Max: Marks)
Question 5:
If you were in charge of your family’s shop for a month during inflation, would you raise prices or keep them low to attract more customers? Explain your decision.

E-Commerce Websites and Charity Spends on Digital Platform

You are Aarav, an 8th grader who enjoys online shopping. You have purchased headphones and games and even a birthday present to your cousin using e-commerce apps. Sooner or later you are exposed to a charity campaign on social media: “Re-build a village school after the floods: donate now!” You are touched by the photographs so you dispatch 200 rupees from your own savings. However, you discover later on weeks later that the campaign was a sham- the pictures used were that of a past disaster, and the funds were deposited in the personal account. You are angry and embarrassed. Your economics instructor turns your experience into a lesson: not everything on the Internet is real, and e-commerce is not only about shopping and purchasing goods, it is also important to assess beneficiaries and tricks systematically, to confirm the sources, and the ability to make the right ethical decisions . That is why you will make a decision to know how to recognize the actual charity platforms and safeguard your money and mindful use of digital devices.

(Max: Marks)
Question 1:
After your experience with the fake charity campaign, do you think students should be careful when donating online? Why or why not?
(Max: Marks)
Question 2:
Explain the difference between a real and a fake charity campaign online. Give 2 red flags to look for.
(Max: Marks)
Question 3:
You see a post that says, “Donate ₹50 and get a free gift!” Would you donate or check the campaign first? Explain your choice.
(Max: Marks)
Question 4:
What are the top 2 things you should check before donating to a digital charity campaign? Give reasons for each.
(Max: Marks)
Question 5:
Would you rather donate a small amount to a verified charity or a large amount to one that looks extremely emotional but isn’t verified? Why?

Digital Payments and Services

Sharmaji wanted to transfer rent using his banking app. His password was simply 1234, and when a caller claimed to be from the bank, Sharmaji shared his OTP without hesitation. Within minutes, money disappeared from his account. Scared and confused, he told his son, who quickly took charge.

Sharmaji’s son immediately called 14410, reported the fraud, contacted the bank, and froze all transactions. He had learned these steps in a financial safety webinar. He also reminded his father to always use strong passwords, enable two-factor authentication, and never share OTPs with anyone—even if they claim to be from the bank.

Thanks to his son’s quick thinking, Sharmaji was saved from further loss—and now promises never to use “1234” again!

(Max: Marks)
Question 1:
Why was Sharmaji at risk of losing his money? What did his mistake teach us?
(Max: Marks)
Question 2:
What is two-factor authentication (2FA), and why is it important in digital payments?
(Max: Marks)
Question 3:
List two things Sharmaji’s son did right after the fraud. Why were they important?
(Max: Marks)
Question 4:
What are two tips for creating a strong banking password?
(Max: Marks)
Question 5:
If someone calls claiming to be from your bank and asks for your OTP, what should you do? Why?

Demand Supply and MRP Consumer Awareness Subjective

During the COVID-19 lockdown, Aarav’s school shifted to online classes. His old tablet stopped working, so his parents started looking for a new laptop. To their surprise, the price of a basic model had jumped from ₹30,000 to over ₹40,000 in just a few weeks! The shopkeeper explained that imports were delayed, demand had shot up, and there was a shortage in supply across the country.

Meanwhile, Aarav’s friend Dhruvi had a bad experience with a face wash she bought online. The product claimed to remove pimples in three days, but nothing happened. She realised it was a false advertisement, and later filed a complaint at the local consumer forum.

Both Aarav and Dhruvi learned valuable lessons: prices rise when demand is high or supply is low, and consumers must know their rights and check before trusting a brand.

(Max: Marks)
Question 1:
Why do you think Aarav’s family was surprised by the laptop prices? What lesson can be learned from this situation?
(Max: Marks)
Question 2:
Explain what MRP is and how it protects customers.
(Max: Marks)
Question 3:
If you were in Dhruvi’s place, what steps would you take after a product didn’t work as promised?
(Max: Marks)
Question 4:
Give two reasons why prices increase. How can people prepare for such situations?
(Max: Marks)
Question 5:
What are two rights consumers have when they are misled or sold a bad product? How can they act on them?

Beware of Online financial Frauds

Naina received a message saying she had won ₹50,000 and a new smartphone. All she had to do was click a link and fill out her personal details—name, birthday, bank account, and even her ATM PIN! Excited, Naina did everything they asked.

The next day, ₹10,000 was missing from her bank account. She panicked and told her elder brother, who explained that it was a phishing scam. The message was fake, and she had unknowingly given her private information to a scammer. He also explained online safety rules like “Stop, Think, Click” and told her to report the fraud immediately. Naina now warns all her friends to be more careful online.

(Max: Marks)
Question 1:
Why do you think Naina believed the message was real? What lesson can we learn from her mistake?
(Max: Marks)
Question 2:
What is phishing? How did it happen in Naina’s case?
(Max: Marks)
Question 3:
What should Naina have done before entering her bank details?
(Max: Marks)
Question 4:
List 2 online safety tips that could have protected Naina. Explain how.
(Max: Marks)
Question 5:
Why is the “Stop, Think, Click” rule important when you’re online?

Wealth Wizards Competition 3.0

Date – 8th September, Monday 2025

Time – 10AM – 4PM