Personal Finance

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10 Questions - Developed by: Kaleem - Developed on: - 1.378 taken

  • 1
    Suppose you have Rs. 50,000 in cash right now that you intend to use as down payment for a flat within the next 6 months. Which of the following is the safest place to keep this money in?
  • 2
    Anuj is in his mid 20s and is unemployed. He has no loans or any outstanding liabilities and does not have any dependents either. However, he owns a car that had been gifted to him by his father. Which of the following insurance policies does he LEAST require at this stage?
  • 3
    Which of the following is the MOST liquid investment product?
  • 4
    The Rupee is currently trading at Rs. 61.40 per USD dollar. Suppose 3 months from now, you notice that it is now trading at Rs. 62.50 per USD. Which of the following describes what happened?
  • 5
    Which of the following is going to bring your CIBIL score down?
  • 6
    What are Indexed Funds?
  • 7
    How does inflation affect you?
  • 8
    Suppose that the interest rate on your savings account is 6 percent a year and inflation is 8 percent a year. After one year, would the money in the account buy more than it does today, exactly the same or less than today?
  • 9
    If interest rates rise, what will happen to bond prices?
  • 10
    Assume you have the option of two housing loans. Loan A is for 15 years and Loan B is for 30 years. Both of them have the same interest rate so you'll be paying more EMI in Loan A because it's shorter. In which of these two loans will the total interest outflow be more i.e. which of these will cost you more?

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