L232 | Session 32: SIP Basics

L232 | Session 32: SIP Basics

6th - 8th Grade

5 Qs

quiz-placeholder

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L232 | Session 32: SIP Basics

L232 | Session 32: SIP Basics

Assessment

Quiz

Professional Development

6th - 8th Grade

Practice Problem

Medium

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5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

SIP stands for

Systematic Insurance Policy

Systematic Income Plan

Systematic Investment Policy

None of the above

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

SIP must be done in ________________ intervals.

Irregular

regular

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

SIP has its own benefits such as

Low cost

disciplined investment

cost averaging

all of the above

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

SIP can be

Weekly

Monthly

Quarterly

All of the above

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

SIPs have lock in periods and thus need long term commitment.

True

False

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