BASICS OF FINANCIAL LITERACY

Quiz
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Other
•
Professional Development
•
Hard
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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