Quizathon 1

Who determines the centre-state finance relations amongst the following?

• Planning commission

• Finance ministry

• Finance Commission

• RBI

What is the primary purpose of a budget?

• To manage income and expenses

• To increase wealth automatically

• To reduce all taxes

• To avoid paying bills

What is the primary objective of a mutual fund?

• Maximize profits for asset management companies

• Provide diversification to investors

• Lend money to corporations

• Generate tax revenue for the government

Which type of fund invests primarily in government and corporate bonds?

• Equity Fund

• Debt Fund

• Money Market Fund

• Index Fund

What is a credit score used for?

• Calculating income tax

• Determining eligibility for loans

• Estimating annual savings

• Predicting stock market performance

In portfolio diversification, which of the following is true?

• It increases investment risk

• It eliminates all risk

• It reduces unsystematic risk

• It guarantees high returns

Which recent financial event led to a surge in gold prices in 2024?

• U.S. interest rate hikes

• Eurozone banking crisis

• Geopolitical tensions in the Middle East

• Collapse of a major cryptocurrency exchange

Which regulatory body governs the mutual fund industry in India?

• RBI

• SEBI

• IRDAI

• PFRDA

Which of the following is a money market instrument?

• Treasury Bill

• Equity Share

• Corporate Bond

• Preference Share

What is the primary goal of financial management?

• Maximizing shareholder wealth

• Minimizing debt

• Increasing employee satisfaction

• Managing operational expenses