Managing Personal Finance Module 3

Which of the following is NOT a characteristic of financial assets?

• Tangibility

• Marketability

• Ownership rights

• Potential for return

Which financial asset represents ownership in a company?

• Bonds

• Stocks

• Bank deposits

• Treasury bills

Post Office Savings Schemes are backed by which entity?

• Private Banks

• Reserve Bank of India

• Government of India

• Mutual Fund Companies

What is the maturity period of the Public Provident Fund (PPF)?

• 5 years

• 10 years

• 15 years

• 20 years

Which savings scheme is exclusively designed for senior citizens?

• Kisan Vikas Patra

• NSC

• Senior Citizens Savings Scheme

• Recurring Deposit

What is the tax benefit under Section 80C for investments in National Savings Certificates (NSC) ?

• ₹50,000

• ₹1 lakh

• ₹1.5 lakh

• ₹2 lakh

In which scheme does the invested amount double in a fixed period?

• PPF

• KVP

• SCSS

• RD

Which of the following is NOT a post office savings scheme?

• PPF

• NSC

• KVP

• SIP

Which type of mutual fund primarily invests in stocks?

• Debt mutual funds

• Hybrid mutual funds

• Equity mutual funds

• Balanced mutual funds

What is the lock-in period for ELSS funds?

• 1 year

• 2 years

• 3 years

• 5 years