Financial Literacy Quiz by CA Rishi

Question 1

Your life insurance depends on ..

Accepted Answer

All of above

Question 2

If you choose to order Pizza instead of much needed car oil change then:

Accepted Answer

Short-term pleasure prioritized over short-term pain

Question 3

Which one of them is not a Cryptocurrency ?

Accepted Answer

AVUX

Question 4

It’s a good idea to check your financial plan to identify areas where you :

Accepted Answer

All of the above

Question 5

Which is a SMART goal with financial action points:

Accepted Answer

Save INR 1000 /month to buy a computer, Obtained school supply sale price list before buying books

Question 6

What is the maximum amount of Insurance for bank deposits in India covered by RBI?

Accepted Answer

5 Lakh

Question 7

Which Asset Class has given Maximum Return On Investment In Last Three Years ?

Accepted Answer

GOLD

Question 8

Which of the following is a good savings strategy for your future retirement?

Accepted Answer

All of the above.

Question 9

Which of the following is an example of a financial outcome?

Accepted Answer

Credit Card Debt down 15% Savings up by 10%, By EOY 3 negatives removed from credit report

Question 10

In which year did Indian Currency change from 16 Anna to 100 Paisa ?

Accepted Answer

1957

Question 11

Suman - a student-progresses from a part time to a full time job and falls in a debt trap: He has to

Accepted Answer

Prioritize his debts and expenses, Account for future changes to his income, 0rganize his budget around a lifestyle goal

Question 12

Which is the Most Expensive Life Insurance plan costing per Rs 1 Lakh Insured Amount ?

Accepted Answer

ULIP

Questions 12