NEW
Font size
S
M
L
XL
WorksheetsPlotus Personal Finance Basics Quiz
Total questions: 20
Worksheet time: 20mins
Name
Class
Date
1.
Inflation is
a)
Increase in purchasing value of money
b)
Fall in purchasing value of money
c)
General fall in prices
d)
General fall in interest rates
2.
An optimum level of saving is
a)
10% of your income
b)
45% of your income
c)
30% of your income
d)
23% of your income
3.
Your liabilities should not be more than
a)
10% of your income
b)
40% of your income
c)
55% of your income
d)
23% of your income
4.
Budgeting is a futile exercise for a country
a)
true
b)
false
5.
Income is
a)
The money that you receive for applying your skills
b)
Salary / Fee you receive
c)
By product of a service / sale
d)
All of these
6.
Passive Income is
a)
Gift you receive from others
b)
Income generated from assets
c)
Loans given by banks
d)
Money received by gambling
7.
Wealth is accumulated by
a)
Investing more money
b)
Inheriting money
c)
Investing in areas of huge returns
d)
Staying long in right assets
8.
An Emergency Fund is
a)
Equal to 6 times monthly income
b)
Equal to 6 times monthly expenses
c)
The credit limit available on your credit card
d)
Equal to 3 times your monthly income
9.
A medical Insurance is
a)
taken to enjoy income tax benefits
b)
taken to protect from unforeseen medical expenses
c)
a useless expense that can be invested, rather in stocks
d)
not required for me, as my employer provides adequate cover
10.
Life Insurance is
a)
a saving
b)
an investment
c)
a tax saving investment
d)
a protection for my family
11.
In the conquest of Mt Everest, which is more important to survival ?
a)
Preparing a plan at the base
b)
Execution while climbing up
c)
Sufficient Oxygen backup
d)
Conquering the slope while coming back
12.
The best asset class for investing is
a)
Gold
b)
Real Estate
c)
Mutual Funds & Stocks
d)
Can't choose one
13.
PPF is
a)
Public Provident Fund
b)
Private Provident Fund
c)
Employer's Provident Fund
d)
Postal Provident Fund
14.
Investing in stocks is highly risky
a)
true
b)
false
15.
Only Govt. employees get a pension
a)
true
b)
false
16.
Tax Saving Investment is
a)
Life Insurance
b)
PPF
c)
ELSS
d)
All of these
17.
NPS is
a)
New Pension Scheme
b)
National Pension Scheme
c)
National Pension System
d)
Normal Pension Scheme
18.
SIP is
a)
Systematic Investment Plan
b)
Simple Investment Plan
c)
Simple Intelligent & Practical
d)
None of these
19.
Sensex represents
a)
50 companies in the stock market
b)
30 companies in the stock market
c)
35 companies in the stock market
d)
25 companies in the stock market
20.
Reserve Bank of India (RBI) is
a)
just another bank
b)
A regulator
c)
India's central bank
d)
Its both a regulator and India's Central Bank
Reset
