IFM CLASS IX

Metal coins were invented by________

• Indian

• Chinese

• Lydians

Specialization means People become ________.

• hardworking

• more skilled

• more intelligent

Money must not be easily reproduced by people and should be ________

• readily available

• easily produced in abundance

• relatively scarce

Financial Planning is _____________.

• a static process

• an ongoing process

• a finished process

What we receive in our pay cheque for the work we did in the office is called __________.

• gross pay

• net pay

• deductions

When an account holder needs money over and above his savings for any purpose the banks also lend money to him which is known as ___________.

• interest

• loan

• allowance

As per rule 72, how many years will your money take to double if compounded at the rate of 6%?

• 8 years

• 10 years

• 12 years

Goals help us to be_______ and workout a plan to achieve them.

• focused

• lazy

• active

__________term investments are known as speculations.

• long

• short

• medium

A household budget is a ________ plan.

• personal

• family

• financial