Personal Finance

star goldstar goldstar goldstar goldstar greyFemaleMale
10 Questions - Developed by: Kaleem - Developed on: - 1.057 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?
    Equity Mutual Funds
    Your Almirah
    Fixed Deposits
  • 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?
    Health Insurance
    Automobile Insurance
    Life Insurance
  • 3
    Which of the following is the MOST liquid investment product?
    Fixed Deposits
    Bank Savings Account
  • 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?
    The Rupee has depreciated against the US Dollar
    The Rupee value has remain unchanged
    The Rupee has appreciated against the US Dollar
  • 5
    Which of the following is going to bring your CIBIL score down?
    Not buying a house
    Defaulting on payments to Credit Cards and missing EMIs
    Not Filing your tax returns
    Withdrawing your entire salary in cash within 3 days of it getting credited to your account.
  • 6
    What are Indexed Funds?
    A fund that specializes in the purchase of securities that match or represent a specific index
    Funds that invest only in debt instruments.
    When you list down the number of mutual funds in your portfolio and number them in order of returns, these funds are called indexed funds.
  • 7
    How does inflation affect you?
    It decreases your cost of living.
    It increases your cost of living.
    It is a drug that gets you high.
  • 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?
    Will remain unchanged
  • 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?
    Loan A
    Loan B
    Doesn't make a difference

Comments page 0 of 0
Click here to add a comment
There are currently 0 comments to display.