WorksheetsKuzah Personal Finance
Total questions: 16
Worksheet time: 3mins
Which of the following security is NOT traded in the NSE?
Stocks
Bonds
Derivatives
Crypto
Assets minus liabilities equals?
Earned income
Net Worth
Deferred income
Cash flow
Compounding is the process of earning interest on
Principal
Original amount you deposited
Principal and on previously earned interest
Previously earned interest
What does “pay yourself first” mean?
Saving before spending income on other items
Paying your bills before loaning money to others
Depositing paycheck on the first of every month
Spending money for things you want before paying for monthly expenses
When you buy a ----------------- you are lending money to a corporation or government entity for a period of time?
Common stock
Preferred stock
Stock Mutual Fund
Bond
Which of the following is an example of personal income?
Fuliza overdraft
Loan from a bank
Interest earned on investment or savings.
Amount of money you can borrow on your credit card.
-------------------- helps define your financial goals and set appropriate strategies to reach them.
Flexible-benefit plans
Personal financial planning
Taxation and regulation
Standard of living
Total value of all items owned by an individual such as savings account, stocks, bonds, home, and automobile is known as
Investments
Trough
Liabilities
Assets
The following term refers to the amount of goods and services that each shilling buys at a given time
Fiscal policy
Economic cycles
Purchasing power
Tangible assets
Which of the following terms refers to “when real GDP increases until it peaks”?
Utility
Liability
Investments
Expansion
What is the minimum salary for PAYE (Pay as You Earn) in Kenya?
30,000
20,000
24,000
34,000
Which of the following bonds are tax exempt?
Infrastructure Bonds.
Corporate Bonds
Sovereign bonds
Green Bonds
Which of the following entities serves as a vehicle for retail bonds?
M-Akiba
Central Bank of Kenya
Safaricom
NSE
Which of the following investments is least risky?
Certificate of Deposits
Money Market
Stocks
Cryptocurrencies
What penalties are charged on tax offences such as late filing of PAYE in Kenya?
10% of the tax due or 5,000, whichever is higher
15% of the tax due or 7000, whichever is higher
25% of the tax due or 10,000, whichever is higher
30% of the tax due or 15,000, whichever is higher
What is the withholding tax for investment in Money market Funds in Kenya?
4%
10%
15%
20%
