Quiz1

Why do people hesitate to invest for the long-term?

• They don't understand long-term investments

• They are risk-averse

• They prefer to keep money in near-liquid products

• They fear they won't have money for emergencies

How much should be kept aside for an emergency fund?

• Three months' living costs

• It depends on personal situation

• One year's living costs

• Six months' living costs

Where should the emergency fund be kept?

• Short-term debt funds

• Savings deposit

• Hybrid mutual funds

• Fixed deposit

Why is having an emergency fund important?

• It provides financial stability

• It ensures a comfortable retirement

• It helps in taking more risks with investments

• It allows for clear thinking and prevents hasty decisions

What is a medical cover?

• A policy that pays for hospital bills

• A premium paid to a hospital

• A type of insurance policy

• A discount on medical services

Why is it important to buy a medical cover?

• To lower healthcare costs

• To have peace of mind

• To get discounts on medical services

• To avoid dipping into savings