WorksheetsMoney Mayhem: A Witty Quiz on Personal Finance
Total questions: 10
Worksheet time: 8mins
Which of the following is NOT a recommended way to save money?
Hiding your money under your mattress
Setting up a savings account
Investing in stocks
Cutting down on unnecessary expenses
What is the rule of 72?
It's the maximum number of hours you can work in a week without going insane.
It's the number of characters allowed in a Twitter message.
It's a mathematical formula that helps you calculate the time it takes for your money to double.
It's a famous bar in Mumbai where the stockbrokers hang out.
What should you consider when picking a mutual fund?
Past performance
Expense Ratio
Weather Forecast
Tech Teams Recommendation
Which statement is true about past returns of mutual funds?
Past returns guarantee future performance, just like how Deepesh guarantees punctuality
Past returns are a crystal ball that predict future performance, just like how Nikit's website predicts market trends
Past returns have no bearing on future performance, just like how Shriram's crazy ideas have no basis in reality
Past returns are like a GPS, they can guide you but don't guarantee the destination, just like how Vijay's directions always lead to an adventure
What is the maximum amount of tax that can be saved through 80C in India?
Rs. 1,50,000
Rs. 2,00,000
Rs. 1,00,000
You can't save taxes, you can only pray for a miracle
What is the maximum amount of money that can be invested in a National Pension System (NPS) account to get tax benefit?
Rs. 1,00,000
Rs. 2,00,000
10% of salary
All of your life savings, including the money under your mattress
Is it a good idea to invest all your money in one stock just because Shriram said it's a great idea?
Yes, because Shriram is the stock market guru
No, because Shriram's investment strategy is buying lottery tickets
Maybe, if Shriram gives me a lucky charm to ensure the stock's success
I don't know, I'm still trying to figure out what Nikhil's opinion on this stock is
What does the term "bull market" mean?
It's a market where only bulls are allowed to trade, just like how Deepesh only allows his favorite employees to work on important projects
It's a market where prices are increasing, just like how Nikit's website traffic is increasing rapidly
It's a market where prices are decreasing, just like how Shriram's enthusiasm decreases after lunchtime
It's a market where prices remain stagnant, just like how Vijay's mood always remains the same
Which stock is likely to move faster - a stock priced at Rs. 50 or a stock priced at Rs. 3200?
The stock priced at Rs. 50 because it has more room to move up
The stock priced at Rs. 3200 because it's more valuable
It depends on the demand and supply of the stock
Both move faster
Who do we thank for creating this fun and informative personal finance quiz?
Nikhil, of course! He's the finance guru who came up with all these great questions.
Nikhil, the finance mastermind who taught us how to pick stocks like a pro
Nikhil, the stock market expert who gave us insights into the world of investments
Sagar, who is still mad at Vijay for booking a 5 AM morning flight
