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WorksheetsIntroduction to financial market
Total questions: 45
Worksheet time: 32mins
The goal of a budget is _________________.
to spend more than you make
to spend less than you make
Income is all the money you earn (make) over a period of time. Usually a month.
True
False
There are two types of expenses. They are ____________ and _______________. Choose two.
Essential Expenses (things that you need)
iReady expenses
discretionary and non discretionary
People create and keep a personal budget to help them _____.
set and reach financial goals
apply for loan
buy anything they want
earn promotions at work
People create and keep a personal budget to help them _____.
set and reach financial goals
apply for loan
buy anything they want
earn promotions at work
Which of the following are considered variable expenses? (You can choose more than one.)
Magazine subscription
Electricity
Insurance coverage
Clothing
Recreation and vacation
Which of the following are considered fixed expenses? (You can choose more than one.)
Cable subscription
Electricity
Insurance coverage
Rent
Medical fees
Which of the following are considered WANTs? (You can choose more than one.)
Concert tickets
Water
A new pair of shoes
Rent
Medical fees
Which of the following are considered NEEDs? (You can choose more than one.)
Airpods
Water
A new pair of shoes
Food
Playstation 5
Find the savings amount Gavel needs to set aside each month to be able to afford a phone worth ₱22,500 in 6 months.
(a)
Cherry recorded the following as her transportation expense.
Feb - ₱2,550
Mar - ₱2,810
Apr - ₱2,608
Find her monthly average expense for transportation.
(a)
Which of the following statements about money is false?
Money can buy happiness.
Money is a tool.
Everyone needs money to purchase goods.
A penny saved is a penny earned.
The first step in creating a budget is _________.
know your income
determine fixed expenses
determine variable expenses
review periodically
The first consideration to start the budgeting process is to _________.
set financial goals
pay off all the debts
invest in the stock market
borrow money
Find the savings amount Harriet needs to set aside each month to be able to afford a watch worth 12,500 in 8 months.
(a)
Which word of phrase should be at the top of the left column of this budget?
Cash flow
Fixed costs
Income
Savings
Which statement about variable expenses is true?
Variable expenses include only large costly items.
Variable expenses should not be included in the budget.
Variable expenses include wants but not needs.
Variable expenses are easier to cut than fixed expenses.
Who is the current finance minister of India?
Arun Jaitley
Nirmala Sitharaman
Shaktikanta Das
Narendra Modi
Financial year in India is from
1st jan to 31st dec
1st april to 31st march
1st july to 30th june
What does the S stand for in SMART GOALS
Specific
Special
Standard
Sports
What does the M stand for in SMART Goals
Mighty
Mediocre
Measurable
Most
What does the A stand for in SMART goals?
Answer
Attainable
Achieve
Application
Why is it important that SMART goals are measurable?
So you know exactly what you are trying to accomplish.
So you have a deadline you are working within.
So you know when you have accomplished it or not.
So it is something you care about.
What does the M in SMART stand for?
Maximum - there are no limits for goals
Memorable - a goal must be easily remembered
Measurable - a goal must have some kind of number attached so you have a way to know if you are reaching the goal.
Mental - you have to be able to think about the goal.
What does the A in SMART stand for?
Attainable - a goal must be reachable; you CAN do it.
Admirable - a goal must impress people.
Artistic - a goal must be creative.
Academic - a goal must be scholarly and oriented towards learning.
As per Economics, Investment is ______________
Building Productive Assets
Building Financial Market
Building Financial Product
None of the above
Liquidity means_________
How quickly you will get cash
How quickly you can convert into Cash
How quickly you can market
How well you will get returns
Which of the following is the correct description for fixed deposit account
Allowed to make payment from cheque
Savings cannot be withdrawn before the maturity date.
Saving can be withdrawn through automated teller machine
Puan Zakiah bought a house for RM 380000 in cash. She sold the house for RM 620000 after 5 years. The total amount of the charges involved in the transaction is RM 42000. Calculate the return of investment of Puan Zakiah.
49.5%
52.1%
56.9%
74.2%
At the beginning of the year, Daniel saves RM 10000 in a fixed deposit account which offered an interest rate or 5% per annum and the interest is compounded once every 4 months. What is the amount of interest receive by Daniel by the end of the year?
RM508.38
RM509.45
RM10508.38
RM10509.45
Save money for a certain period of time to get higher interest rates.
fixed deposit account
current account
savings account
What is the act of putting money aside on your paycheck for future use called?
Paying someone first
Paying yourself first
Paying someone second
Paying yourself second
What is a savings certificate with a fixed maturity date and specified fixed interest rate?
Credit
Savings Tools
Certificate of Deposit
Money
How money changes over time, money earned today is worth more than money in the future because you can earn interest
Compounding
Interest
Degenerating Money
Time Value of Money
What formula is useful for financial estimates and understanding the nature of compound interest?
Rule of 2
Compounding
Rule of 72
Doubling
What is a financial institution that accepts deposits and channels the money into lending activities?
Credit
Commercial Banks
Credit Unions
Insurance
What is it?
money
check
Take money out from your bank account.
withdraw
deposit
Which type of account generally opened by bussinessmen......
Saving bank account
Current bank account
Recurring bank account
Fixed deposit bank account
Which type of bank account does not give interest to account holder ......
SB account
Current account
Recurring account
Fixed deposit account
The instrument traded in securities market is
Currency
Crude
Precious Metal
Stock
Regulator of Secondary market is
RBI
SEBI
IRDAI
PFRDA
Dinesh has 100 equity shares of a company. He wants to sell 500 of these shares. Which market should be approach?
a. Secondary market
b. Primary market
c. Financial markets.
Money market
The new issues market is also known as
a. Money market
b. Primary market
c. Stock exchange
d. Secondary market
Instruments deals in capital market are
a) call money
b) Commercial Bill
c) Zero Coupon Bard
d) Equity Shares
