Finance Unbox-ED (INR) - Grade 6-8 - Session 034 - Quiz 1

Select the statement that is true

• SIP stands for Systematic Investment Plan
• SIP allows us to make lumpsum or one-time investments
• Both of the above
• None of the above

Select the statement that is true

• SIPs are a way to do disciplined savings
• SIPs make sure we buy more units as NAV increases
• Both of the above
• None of the above

Select the statement that is true

• SWP stand for Systematic Withdrawal Plan
• STP stands for Systematic Transfer Plan
• Both of the above
• None of the above

SWP is a method to transfer a fixed amount of your mutual fund investment each month or each quarter to another mutual fund

• True
• False

STP allows us to sell a fixed amount of our mutual fund investment each month or quarter

• True
• False