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Financial Year End Quiz

Total questions: 20

Worksheet time: 7mins

Name
Class
Date
1.
What do we call the amount left over from your paycheck after taxes and deductions?
a)
balance
b)
gross balance
c)
transaction
d)
net pay
2.

The longer the money is invested the better?

a)

True

b)

False

3.
Which is an example of a variable expense?
a)
car payment
b)
mortgage
c)
electricity bill
4.

What do we call the amount of money left over each month after you have paid all of your expenses?

a)

Surplus

b)

Straight cash homie

c)

Debt

d)

Diversification

5.
When you buy a stock, you are buying a small piece of _______ in a company.
a)
debt
b)
ownership
c)
risk
6.

Anything that is purchased with the hope that it will generate income or be more valuable at a future date.

a)

investment

b)

loan

c)

income

d)

expense

7.

Who said...


"Compound interest is the eighth wonder of the world. He who understands it, earns it...he who doesn’t...pays for it.”

a)

Abraham Lincoln

b)

Bruce Wayne

c)

Andrew Carnegie

d)

Albert Einstein

8.

How much money should you save for emergencies?

a)

2 months worth of expenses

b)

6 months worth of expenses

c)

Cash in whatever stocks you have to pay for an emergency

d)

As a neighbor for a loan if needed

9.

What is the highest credit score you can achieve?

a)

800

b)

1000

c)

850

d)

550

10.

Which service is not provided by Investment Bank?

a)

Banking Service

b)

Insurance Service

c)

Consultancy Service

d)

Venture Capital Financing

11.

S.E.B.I Stands for

a)

Securities Exchange Bond of India

b)

Securities Exchange Board of India

c)

Securities of Exchange of Banks of India

d)

Securities of Exchequer of Bank of India

12.

N.S.E stands for

a)

National Securities of Exchange

b)

National Stock Exchange of Indian

c)

National Stock Exchange

d)

National Stock Economy of India

13.

Share trading takes place in which market

a)

Trading Market

b)

Commodity Market

c)

Secondary Market

d)

Primary Market

14.

I.P.O stands for

a)

Initial Private Offer

b)

Initial Public Offer

c)

International Public Offer

d)

Internal Private Offer

15.

A Bullish phase refers to a period of optimism

a)

True

b)

False

16.

Saket has 100 equity shares of a company. He wants to sell 500 of these shares. Which market should be approach?

a)

a. Secondary market

b)

b. Primary market

c)

c. Financial markets.

d)

Money market

17.

Treasury bill is issued by

a)

(a) development financial institution

b)

(b) commercial bank

c)

( c ) selected individuals

d)

( d ) reserve bank of India

18.
Which Ministry of Government of India is entrusted with the responsibility of promoting the financial transactions digitally?
a)
Ministry of Finance (MoF)
b)
Ministry of Banking (MoB)
c)
Ministry of Information Technology (MoIT)
d)
Ministry of Electronics & Information Technology (MeitY)
19.
DigiShala – free educational channel in English, Hindi and other regional languages is conducted through Doordarshan an initiative of Government of India. What is the purpose of DigiShala?
a)
Increasing Digital Transactions
b)
Creating Awareness for Digital Financial Inclusion and Access
c)
Creating Awareness about various forms of electronic payments
d)
Developing Apps for Digital Transactions
20.

Which among the following coined the term ” Second generation Reforms” ?

a)

World Bank

b)

International Monetary Fund

c)

Reserve bank of India

d)

SBI