Quiz1
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6 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Where should the emergency fund be kept?
Short-term debt funds
Savings deposit
Hybrid mutual funds
Fixed deposit
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
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