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Duit Right Plus Quiz

Total questions: 16

Worksheet time: 9mins

Name
Class
Date
1.

When I think of traits of successful people, I think that they:

(You can pick multiple answers)

a)

Earn a lot of money

b)

Became famous

c)

Have a lot of fans & followers

d)

Work hard and earn it honestly

2.

I think that the only way to earn money is to work in a job. Do you agree or disagree?

a)

Agree

b)

Disagree

3.

(a)   income is recurring income received from completed work and income-generating assets

4.

What are examples of passive income?

a)

Royalties received from my published movie “Crash landing on Mars”

b)

Receiving salary for my job as a farmer

c)

Payment from customers buying bread from my bakery

d)

Receiving payment when I'm selling my house

5.

Your friend, Aishah wants to open a bubble tea shop in the future.

What advice will you tell your friend so that she can save more money in the bank?

a)

Start saving early with small amount

b)

Start saving later with big amount

c)

Get a loan from the bank

d)

Borrow money from loan shark

6.

Aishah’s older brother, Arif saves RM 500.00 in the bank every year, for 2 years to buy a laptop.

The bank gives a compound interest rate of 3%. What is his total bank savings at the end of the 2nd year?

*He did not take out any money from his bank.

a)

RM 515.00

b)

RM 530.45

c)

RM 1,030.00

d)

RM 1,045.45

7.

How do we maximise our investment returns?

a)

By playing safe- Investing 100% in low-risk investments

b)

By diversification- Investing 50% in low-risk and 50% high-risk investments

c)

By diversification- Investing 100% in high-risk investments

d)

By uniformity- Investing 100% in high-risk investments

8.

Your friend, Hamdan from Singapore is here in Malaysia for a visit.

Hamdan has Singapore Dollars and asks for your help to convert to Ringgit Malaysia.

How much Ringgit Malaysia will you get if he exchange:

a)

1 SGD = RM 3.50

200 SGD = RM 700.00

b)

1 SGD = RM 0.33

200 SGD = RM 66.67

c)

1 SGD = RM 4.25

200 SGD = RM 850.00

d)

1 SGD = RM 3.00

200 SGD = RM 600.00

9.

You are going to London for a holiday. You wanted to buy tickets to watch English Premier League, a football match with your family. You have Ringgit Malaysia and want to convert to British Pound.

You are at a Malaysia Money Changer. The signboard at the money changer shows:

How much British Pound will you get from:

a)

RM 1 = £ 0.19

RM 500 = £ 96.15

b)

RM 1 = £ 0.18

RM 500 = £ 87.82

c)

RM 1 = £ 0.33

RM 500 = £ 166.67

d)

RM 1 = £ 5.70

RM 500 = £ 2,850.00

10.

Which of the following is true about wants and needs?

a)

Wants are nice things that I can't live without

b)

Needs are nice things that I can live without

c)

Needs are things that I can’t live without

11.

What are examples of needs?

a)

Fast Food

b)

Holiday

c)

Luxury Car

d)

Clothes

12.

Complete the 6 simple steps of budgeting:

Step 1: Write how much money you earn

Step 2: ?

Step 3: List all your spending

Step 4: ?

Step 5: Write how much to donate

Step 6: Cross out wants you cannot afford

a)

Step 2: Spend at least 10%

Step 4: Buy needs only

b)

Step 2: Separate needs from wants 

Step 4: Save at least 10%

c)

Step 2: Save at least 10%

Step 4: Separate needs from wants 

d)

Step 2: Save at least 10%

Step 4: Separate needs and buy wants

13.

Aishah was sick in the hospital for a week.

She had an insurance card that pays for all the hospital fees.

What type of insurance covers for her sickness in hospital?

a)

Medical insurance

b)

Life insurance

c)

Motor insurance

d)

Travel insurance

14.

Bala is planning to take a good debt in the future.

Can you help him in choosing what he shouldn't spend his debt on?

a)

Study graphic designing in university

b)

Start a café business

c)

Buy a sportscar

d)

Buy an apartment

15.

Have you joined for any financial education class/program before?

a)

Yes

b)

No

16.

Did you enjoy the session?

a)

Yes

b)

No