Finance Quiz

Which of the following is a broader term that includes coins, cheques, bank notes, fixed deposit receipts, and digital wallets?

• Currency

• Finance

• The art and science of managing money

• A widely accepted form of money

• The medium of exchange for trading goods and services

Which type of finance involves managing the financial activities of educational institutions and charities?

• Personal Finance

• Business Finance

• Public Finance

• Social Finance

Personal finance includes which of the following activities?

• Individuals and households

• Central and state governments

• Public Finance

• Personal Finance

The Union Budget is an example of which type of finance?

• Social Finance

• Business Finance

• Public Finance

• Personal Finance

Which of the following financial goals typically covers a period of 1-5 years?

• Short term goals

• Medium term goals

• Long term goals

• Immediate goals

Which of the following best describes the financial goals that cover a period of more than five years?

• Immediate goals

• Short term goals

• Medium term goals

• Long term goals

Household financial management includes:

• Preparation of household budgets

• Family budgeting

• Government revenue collection

• Revenue collection in the form of taxes

Which of the following is not a function of public finance?

• Government expenditure

• Revenue collection for government

• Investor emotions and behaviour

• Household borrowing

Finance as an academic discipline that studies how which of the following entities manage their money?

• Household budgeting

• Business organizations

• Government revenue collection

• Investment in fixed deposits by individuals

Which of the following statements about money is true?

• Money includes only physical forms like coins and banknotes

• Money is a broader term than currency and includes digital wallets

• Money is only used for saving

• Money is the same as currency