finance club

Effective personal finance management helps in _______.

• Building a safety net

• Increasing debt

• Reducing income

• Ignoring expenses

What is the main goal of retirement planning?

• To insure vehicles

• To maintain lifestyle after working

• To cover medical expenses

• To invest in stocks.

Which organization regulates the securities market in India?

• RBI

• SEBI

• IRDAI

• NABARD

What is the full form of UPI, which revolutionized digital payments in India?

• Unified Payment Initiative
• Unified Payments Interface
• Universal Payment Integration
• United Payment Interface

In which year was the Goods and Services Tax (GST) introduced in India?

• 2017
• 2016

• 2019
• 2015

What is the maximum permissible limit for FDI in the insurance sector in India as of 2023?

• 49%
• 51%
• 100%
• 74%

The benchmark index of the Bombay Stock Exchange (BSE) is called:

• BSE 100
• Sensex
• Nifty
• BSE Sensex 50

Which Indian financial institution is often called the "lender of last resort"?

• Reserve Bank of India (RBI)
• Life Insurance Corporation of India (LIC)
• National Bank for Agriculture and Rural Development (NABARD)
• State Bank of India (SBI)

What does "Sovereign Gold Bond" represent in India’s financial market?

• Sovereign Gold Bonds represent a currency exchange investment.
• Sovereign Gold Bonds represent a government-backed investment in gold.
• Sovereign Gold Bonds are a type of physical gold investment.
• Sovereign Gold Bonds are issued by private banks.

The "Mudra" scheme launched by the Government of India provides financial assistance to which sector?

• Large corporations
• Agriculture sector
• Information technology sector
• Micro, small, and medium enterprises (MSMEs)