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WorksheetsRAKHI SIBLING SPECIAL QUIZ
Total questions: 15
Worksheet time: 29mins
Rekha asks her brother how much will she be able to buy with her income in 2024 given that her income and the prices of all the goods will have doubled by 2024 ?
More than today
The same amount as today
Less than today
Don’t know
In general, investments that are riskier tend to provide more returns than investments with less risk.
True
False
Don't know
Kaamna and her brother Dev heard their parents talking about investing in mutual and index funds. What are mutual and index funds?
Insurance policies to provide an umbrella for “rainy days”
Funds you have for emergencies
Baskets of stocks that you can invest in
Bank savings products on which you earn regular interest
Harish wants to save some amount to purchase a diamond ring for his wife. He consults his sister as to how much he should save every month. His sister tells him to save according to the 50:30:20 budgeting rule. How much should he save every month?
20-50%
20 – 30%
Average of 50, 20, 30 i.e. 33.3%
About 20%
The return may be thought of as
The growth in the value of an investment
The risk associated with an investment
The process of returning the stock to the corporation that issued it
The fee you need to pay for owning different financial products
Divya asks her elder brother Sudhir what savings accounts and money market accounts are most appropriate for :
Long term investments
Emergency funds and short term goals
Earning a high rate of return
Ramesh purchased a new car by taking out a loan from bank. To reduce the total finance costs paid over the life of the auto loan, his sister advised him to choose a loan with the:
Lowest monthly payment
Longest repayment term
Shortest repayment term
Which of the following types of insurance is most important for young parents?
Life insurance
Disability Insurance
Property Insurance
Dental Insurance
Abha asks her brother the consequences of not paying her mortgage?
The bank will allow you to lend you more money to pay off mortgage
Your credit rating will go up.
It will set you on the path to foreclosure, which means losing your house.
It means you have to rent out the house and use that money to pay mortgage
The benefit of diversification in your investments is:
reduced risk
increased return
reduced tax liability
increased risk
Recognize the name of the cryptocurrency whose logo is displayed here
Litecoin
Ethereum
Ripple
Cardano
What is the ‘net worth’ of a business ?
Income - Expenses
Profits - Losses
Total assets - Total liabilities
Total value of shares in market
Aman wanted to gift a watch worth ₹9,000 to his sister but he had saved up only ₹3,000. Which banking product can he use to fill up this gap?
Debit cards
Equated Monthly Instalments (EMI)
Loan
Fixed Deposit
Raman has to help his cousin Ria to identify the best suggestions for building and maintaining a good credit rating? What should he choose?
Have money in savings account to protect against identity theft
Making safe investments and set clear financial goals
Keeping debts low, pay bills on time
Deposit huge amounts for longer time period in account
Which statement is true about liquidity?
the more liquid an investment, the more return
the less liquid the investment, the less return
the more liquid an investment, the less return
both a & b
