Financial Planning Class 9th Quizz

Find the odd man out :

• Education of children and other expenses

  for them

• Capital for a profession or business

• Sudden death

• Old age requirements.

For different types of investments what is the maximum permissible amount under

section 80C of income tax?

• More than 150,000

• Upto 150,000

• Less than 150,000

• None of the above

The period of one year during which the taxable income has been

earned is called a ___ year.

• Tax

• Academic

• Calender

• Financial

In India, the financial year starts from ____

• 1st March to 30th April

• 1st April to 30th March

• 1st April to 31st March

• 1st January to 31st December

A person has earned his income during the financial year 2017-18. Then his

assessment year is ....

• 2017-18

• 2016-17

• 2018-19

• 2020-21

Surcharge equal to ____ of income tax payable by individuals having an annual income of

50 lakh to one crore rupees .

• 10%

• 15%

• 20%

• 1%

Find the odd man out :

• Prime Minister Relief Fund

• Chief Minister Relief Fund

• Interest on Housing Loan

• Principal on housing loan

Mr. Pandit is 75 years of age. Last year his annual income was 13,25,000 rupees. How

much is his total income tax ?

• 213752

• 213000

• 213735

• 213725

Mr. Shaikh invested Rs. 4,00,000 in a glass industry. After 2 years he received

Rs. 5,20,000 from the industry. Putting aside the original investment, he invested his

gains in a fixed deposit and in shares in the ratio 3 : 2. How much amount did he

invested originally in each of the schemes ?

• 50,000

• 48,000

• 45,000

• 46,000

In India, there is are ___ taxes

• Direct

• Indirect

• Both 1 and 2

• None of the above