Financial Literacy

Cash in hand is an example of

• Fixed Asset

• Current Asset

I have taken a 1 crore loan from the bank, to be repaid in 5 years. This is an example of:-

• Current Liability

• Non-current Liability

• Fixed Asset

• Current Asset

Minimum Fixed Deposit(FD) duration is:-

• 7 days

• 1 month

• 3 months

• 1 year

A car is an example of

• Appreciating asset

• Current Asset

• Depreciating fixed asset

Sensex is an index of

• Top 50 companies of NSE

• Top 100 companies of BSE

• top 30 companies of BSE

• Top 80 companies of NSE

Thumb Rule of Savings:-

• 50% for needs, 20% for wants, 30% for savings

• 50% for wants
  20% for needs
  30% for savings

• 50% for savings
  20% for wants
  30% for needs

• 50% for needs
  30% for wants
  20% for savings

BSE Headquarters is located in

• Daryaganj

• Dalal Street

• Mysore

• Hauz Khas

The main motive for investment is:-

• To increase overall wealth

• Beating Inflation

• To Increase Liabilities

• All of the above

The primary source of income for banks is

• Investments

• Locker services

• Interest Margin

• Fees

People are encouraged to deposit and/or exchange Rs.2000 bank notes on or before which date?

• 21st August 2023

• 1st October 2023

• 24th September 2023

• 30 September 2023