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Financial independence

Authored by Sreedhar devireddy

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Professional Development

Used 3+ times

Financial independence
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is the key component of budget

Tracking all your expences

Ignoring small purchages

Spending all your income

All of the above

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is true for financial independence

Savings = Income - Expenses

Expenses = Income - Savings

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is financial independence

Having no debts

Need not to work

Work as per your wish

All of the above

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who quoted "Compounding is the eight wonder of the world "

Einstein

Newton

Abdul Kalam

Nirmala seetaraman

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the recommended amount to be saved for emergency fund

1-2 months of living expenses

3-6 months of living expenses

One year living expenses

Not needed for employees

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why Life insurance is needed

To meet medical expenses for you and your family

To support your family after demise

To save for your retirement

All of the above

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the ideal amount for term policy for you

One year salary

Ten years salary

Twenty years salary

Five years salary

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