Play test (Office, online)

Which of the following tax saving investments has the least lock in period?

• ULIP

• NPS

• PPF

• Equity linked savings scheme

If you don’t do tax planning, which of the following are you likely to do?

• Pay more taxes

• Make poor investment choices

• Both of these

• None of these

ELSS or Equity linked savings scheme is another name for

• Tax saving mutual fund

• Balanced Fund

• Insurance policy

• Debt fund

When you sell a debt fund after 3 years of purchase, what rate of tax is applicable?

• 10%

• 20%

• 30%

• 0%

What is the rate of tax for income tax slab between the income of 12.5 lakhs to 15 lakhs?

• 25%

• 15%

• 30%

• 10%

You can invest in a tax saving mutual fund upto a limit of

• 1,50,000

• 2,00,000

• 50,000

• No limit

In case of a Tax-Saving 5 year Bank FD, the investment is exempt from tax. At what rate is the interest on this FD taxed?

• As per tax bracket

• 20%

• 30%

• Interest is tax-free

As per section 80G maximum deduction allowed for any cash donation is upto

• 1000

• 2000

• 5000

• 10,000

Which of the following is NOT a reason to invest in mutual funds?

• Professional management of your investment

• Invest low amounts (as low as Rs. 500) in a diversified portfolio

• Flexibility to buy and sell your investments as and when you want

• Personal customised portfolio

Which of the following instruments can mutual funds scheme invest in?

• Stocks

• Corporate Bonds

• Government Bonds

• All of these