FinWizards_FL Assessment_Level 2_15-25yrs

Which of the following is an example of a fixed expense?

• a. Rent

• b. Travel

• c. Credit card bill

• d. Movie tickets

Which of the following is an example of a variable expense?

• a. Emergency medical bills.

• b. Property taxes.

• c. Rent

• d. Internet bill

Something that you pay is called....

• income

• an expense

• a profit

• savings

Reesa has her first job at the local bakery. After working for one month, she received her first salary. The total amount of money she is able to put in the bank is Rs.8000/- What type of income does this amount describe?

• a. Gross Income

• b. Net Income

• c. Both Gross and Net Income

• d. None of the above

Choose the correct benefit of ATM

• a. Increased convenience

• b. Increased time taken

• c. Increased risk of security

Money you receive before taxes is called:

• a. gross income

• b. net income

• c. pay day

• d. bank loan

Choose the correct full form of NEFT

• a. National Electrical Fund Transfer

• b. National Electronic Funds Transfer

• c. Nationwide Electronic Fund Transact

Nowadays, most of the banks offer their customers the facility of __________

banking.

Raj is a businessman he wants to have daily transactions so what kind of account he might require?

• a. Saving account

• b. Recurring account

• c. Current account

• d. Regular saving account

What does R in SMART stands for?

• a. Realistic – must accomplish the goal

• b. Respectful- goal must allow to be polite

• c. Responsible- goal must allow you to take charge

• d. Repeatable- must be able to do the goal again and again