BASICS OF FINANCIAL LITERACY

BASICS OF FINANCIAL LITERACY

Professional Development

15 Qs

quiz-placeholder

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BASICS OF FINANCIAL LITERACY

BASICS OF FINANCIAL LITERACY

Assessment

Quiz

Other

Professional Development

Hard

Created by

Manoj Negi

Used 6+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of these statements is NOT correct:

Being Financial Literate means knowing how to keep what you earn

Financial literacy means the money is controlling you

Both a) and b)

None of the above

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Without proper financial knowledge:

Likelihood of financial struggle increases

Financial success becomes very difficult

Both a) and b)

Neither a) nor b)

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of these is NOT a habit of Financially Literate People:

They take debts for fulfilling their wants

They develop a budget

They save consistently

They take control of their cash flows

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following should be part of your financial life:

Savings for unforeseen medical emergencies

Take high-interest Debts

Unnecessary buying things during Sale

None of the above

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is an example of Money Trap:

High Interest/Easy Debt

Unforeseen Emergencies

No Savings

All of the above

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

State the INCORRECT Statement:

Financial Literacy teaches us to build our personal wealth

Financial Literacy is not required for Housewives

We can manage our financial life irrespective of our earnings and social status

Savings is must for Everyone

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What do you think is CORRECT statement with reference for Life Cycle Stages:

You need not worry about retirement until it comes

You need to plan for retirement during the earning stage

The earning stage of your life needs to take care of your children’s first stage i.e. non earning life

Both b) and c)

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