Money Mayhem: A Witty Quiz on Personal Finance

Which of the following is NOT a recommended way to save money?

• Hiding your money under your mattress

• Setting up a savings account

• Investing in stocks

• Cutting down on unnecessary expenses

What is the rule of 72?

• It's the maximum number of hours you can work in a week without going insane.

• It's the number of characters allowed in a Twitter message.

• It's a mathematical formula that helps you calculate the time it takes for your money to double.

• It's a famous bar in Mumbai where the stockbrokers hang out.

What should you consider when picking a mutual fund?

• Past performance

• Expense Ratio

• Weather Forecast

• Tech Teams Recommendation

Which statement is true about past returns of mutual funds?

• Past returns guarantee future performance, just like how Deepesh guarantees punctuality

• Past returns are a crystal ball that predict future performance, just like how Nikit's website predicts market trends

• Past returns have no bearing on future performance, just like how Shriram's crazy ideas have no basis in reality

• Past returns are like a GPS, they can guide you but don't guarantee the destination, just like how Vijay's directions always lead to an adventure

What is the maximum amount of tax that can be saved through 80C in India?

• Rs. 1,50,000

• Rs. 2,00,000

• Rs. 1,00,000

• You can't save taxes, you can only pray for a miracle

What is the maximum amount of money that can be invested in a National Pension System (NPS) account to get tax benefit?

• Rs. 1,00,000

• Rs. 2,00,000

• 10% of salary

• All of your life savings, including the money under your mattress

Is it a good idea to invest all your money in one stock just because Shriram said it's a great idea?

• Yes, because Shriram is the stock market guru

• No, because Shriram's investment strategy is buying lottery tickets

• Maybe, if Shriram gives me a lucky charm to ensure the stock's success

• I don't know, I'm still trying to figure out what Nikhil's opinion on this stock is

What does the term "bull market" mean?

• It's a market where only bulls are allowed to trade, just like how Deepesh only allows his favorite employees to work on important projects

• It's a market where prices are increasing, just like how Nikit's website traffic is increasing rapidly

• It's a market where prices are decreasing, just like how Shriram's enthusiasm decreases after lunchtime

• It's a market where prices remain stagnant, just like how Vijay's mood always remains the same

Which stock is likely to move faster - a stock priced at Rs. 50 or a stock priced at Rs. 3200?

• The stock priced at Rs. 50 because it has more room to move up

• The stock priced at Rs. 3200 because it's more valuable

• It depends on the demand and supply of the stock

• Both move faster

Who do we thank for creating this fun and informative personal finance quiz?

• Nikhil, of course! He's the finance guru who came up with all these great questions.

• Nikhil, the finance mastermind who taught us how to pick stocks like a pro

• Nikhil, the stock market expert who gave us insights into the world of investments

• Sagar, who is still mad at Vijay for booking a 5 AM morning flight