Quiz of Financial Management (Form 4)

Nurin plans to save RM400 per month for 2 years to buy a new laptop. How much will she have saved at the end of the period?

• RM4800
• RM8000
• RM12000
• RM9600

Xin Yi earns RM2,500 monthly. He plans to save 20% of his income. How much will she save in a year?

• RM4,500
• RM8,000
• RM3,000
• RM6,000

Mirzatul has a monthly budget of RM1,500 for household expenses. If she wants to reduce her spending by 15%, what is the maximum amount she can spend each month?

• RM1,275
• RM1,500
• RM1,350
• RM1,200

Which of the following is the first step in managing finances effectively?

• Cut down on expenses
• Invest in stocks
• Open a savings account
• Planning a budget

What percentage of your income is recommended to be allocated for savings to achieve financial stability?

• 20%
• 30%

• 10%

• 50%

Chow plans to take out loan to buy a car. Which factor should he consider most to avoid future financial problems?

• Interest rate of the loan
• Loan term length
• Type of car being purchased
• Monthly payment amount

Logan plans to buy a motorcycle with a 6% annual interest rate. Which of the following should he consider most to ensure effective financial management?

• The colour of the car

• The car's brand

• The car's fuel efficiency

• The duration of the loan

Which action would help improve financial discipline?

• Invest in high-risk stocks without research.
• Create a budget and track expenses.
• Ignore all expenses and spend freely.
• Avoid tracking any financial activities.

If you earns RM3,000 per month and want to allocate 40% for essential expenses, how much will you spend on those expenses?

• RM1,000
• RM1,500
• RM2,000
• RM1,200

What is the main purpose of having an emergency fund?

• To pay off all existing debts without saving.

• The main purpose of having an emergency fund is to provide financial security during unexpected situations.

• To invest in high-risk stocks immediately.
• To save for a vacation or luxury items.