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WorksheetsFinSuperstars_FL Assessment_Level 3_9-14yrs_1
Total questions: 50
Worksheet time: 25mins
When you are buying a stock, you get a small piece of
a. Risk of company
b. Debt of company
c. ownership of company
What is Compound Interest?
a. A fixed percentage of Principal amount.
b. Earn Interest not only on your principal but the interest you have already made
c. Variable Interest Rate
Which of the following Investments is considered to be the riskiest?
a. Gold
b. Stocks
c. Mutual Funds
Simple Interest is generally charged for loans with tenure___________________ or less
a. 5 years
b. 1 year
c. 2 years
d. 10 years
An account to hold shares and securities in an electronic format
a. Trading Account
b. Bank Account
c. Demat Account
A bull market is when
a. The market is down
b. The Market is up i.e on the rise
c. The market is stable
_________market index that constitutes the top 30 companies listed under the Bombay Stock Exchange (BSE)
a. Sensex
b. Nifty
c. Stock Market
d. Stock Exchange
Inflation in a country usually leads to
a. Appreciation in its own currency
b. Depreciation of its own currency
c. No impact on real exchange rates
Which of the statements is correct? GDP or Gross Domestic Product is
a. monetary value of goods and services produced in a country in a given period of time.
b. Calculated through production approach only i.e. sum up value added at each stage of production
c. Doesn't reflect the general health of economy
What is the full form of PPF
a. Public Provident Fund
b. Public Provision Fund
c. Public Progressive Fund
d. Private Provident Fund
Can we transfer 10 lakhs of amount through RTGS?
Yes
No
Yes if approved by Bank
Yes It requires Pan Card details
What is the max amount one can deposit in PPF p.a.
a. Rs 2 lakhs
b. Rs 1.5 lakhs
c. Rs 5 lakhs
d. Rs 7.5 lakhs
What is the full form of KYC?
Know your credit
know your customer
know your card
Maximum tenure of Fixed Deposit is________
a) 5 years
b) 7 years
c) 8 years
d) 10 years
Ram and Shyam decided to invest Rs 1 lakh each. Ram invested his entire principal in stocks of XYZ Ltd. Shyam, on the other hand, decided to spread his investment across stocks of 7 companies. In the event of stock market going down, who is at the risk of losing more money?
a. Ram
b. Shyam
c. Both Ram & Shyam
d. None of them
What is the full form of ELSS?
a. Equity Linked Savings Schemes
b. Equal linked share scheme
c. Equated loans Share Scheme
d. Equity line Stock Scheme
What are the three most important criteria to consider for investing?
a. size, insurance, taxes
b. leverage, margins, credit
c. liquidity, Safety, Returns
d. collateral, access accounts, dividends
e. safety, rate of return, Amount
Life insurance means?
a. Insurance of human
b. Insurance of life of human and Cattle
c) Insurance of Life of Machines
d) All of above
PAN means
a) A kind of utensil
b) Primary Account Number
c) Permanent Account Number
d) Permanent Amount Number
Nomination can be done in................
a. Savings Bank account
b) Recurring Deposit account
c) Fixed Deposit account
d) All of above
What is Visa, Master Card and Rupay?
a. They are Payment Gateways
b. They are companies
c. They make cards
d. They are credit card companies
What is the full form of NEFT?
a. National Electronic Funds Transfer
b. National Electronic Free Transfer
c. National Electric Funds Transfer
Listing 2 types of cheques
a. Crossed & Bearer
b. Order & Bankers Draft
c. Financial Cheque
A shop owner will pay what type of tax tax
a. direct tax
b. indirect tax
c. both
d. GST
Which of the following regulatory bodies regulates the insurance sector in India?
a. TRAI
b. NABARD
c. FSSAI
d. IRDAI
Which among the following is the policy that offers both the options of investment as well as insurance?
a. Unit Linked Insurance Plan
b. Term Insurance
c. Motor Insurance
d. Health Insurance
General Insurance relates to insurance against___________
a. Fire
b. Theft
c. Health
d. All of above
The Rule of 72 determines how long will it take for
a. An investment to double
b. Debt to double
c. Risk to reduce
d. Loan approval
Higher the Credit score, higher is the probability that the person will default payments.
a. True
b. False
The amount paid to an insurance company is known as the for covering your family against financial losses.
a. closing cost
b. premium
c. deductible
d. assessed value
Ram started his business with a sum of Rs 50,000/-. What would this amount be called in the books of his business?
a. An asset
b. A liability
c. Deposit
d. Capital
What type of loan is a Housing loan?
a. Unsecured
b. Secured
c. Corporate
d. Consumer
Which card allows you to purchase now and pay later?
a. Debit Card
b. ATM Card
c. Bank Card
d. Credit Card
Inflation means____________
a. The price goes up
The price goes down.
The price remains unchanged
Property owned by a person or company that has value is known as_______
a. Liabilities
b. Depreciation
c. Assets
d. Simple Interest
What does R in “SMART” stand for?
a. Relevant/
Realistic
b. Respectful
c. Responsible
d. Repeatable
What is the full form of NSC?
a. Nation Service Certificate
b. National Savings Certificate
c. New Service Certificate
d. None of the above
Which of the following is India’s first Credit Information Company?
a. CRISIL
b. SMERA
c. ICRA
d. CIBIL
The _______ is a benchmark Indian Stock Market Index that represents the weighted average of 50 of the largest Indian companies Listed on _____
a. Sensex, National Stock Exchange
b. Nifty 50, Bombay Stock Exchange
c. Nifty 50, National Stock Exchange
d. S&P 500, Nasdaq
Who is the regulatory body for the Stock Market?
a. RBI
b. SEBI
c. NABARD
d. Central Government
UPI transaction limit: How much money can I transfer using PhonePe, GPay, Paytm in a day?
a. 50 Thousand
b. 1 Lakh
c. 2 Lakhs
d. 1.5 Lakhs
Currency of Japan____________
a. Yuan
b. Franc
c. Yen
d. Won
Being on a budget means:
a. You pay bills every month at the due date
b. You made a plan of your expenses to be less than or equal to your income
c. You are earning enough money to be able to live well
d. Your bills are generally paid by every due date
Credit score ranges from _____ to _____.
a. 350, 800
b. 300, 900
c. 400, 650
d. 400, 800
Net Income
a. Money you have left after taxes
b. Gross Income
c. Portfolio Income
d. the money you have kept for the future or for something you want or for future like a home
What is the meaning of appreciation in finance?
a. Increase
b. Decrease
c. Falls down
d. none of the above
What is Fiat Money?
a. Fiat money is a government-issued currency that is not backed by a commodity such as gold.
b. Fiat money is a government-issued currency that is backed by a commodity such as gold.
c. Fiat money is a government-issued currency that is backed by people of India
How can one calculate the net worth?
a. Assets Vs Liabilities
b. Assets - Liabilities (Assets Minus Liabilities)
c. Assets + Liabilities (Assets plus Liabilities)
What is the minimum amount you can start SIP with...
Rs.1000/-
Rs.500/-
Rs.700/-
Rs.250/-
What is the full form of CGST and SGST?
Center Goods & Service tax
State Goods & service tax
Credit Goods & Service Tax
Salary Goods & Service Tax
Corporate Goods & Service Tax
Static Goods & Service Tax
Central goods & service tax
State Goods & service tax
