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FINANCE QUIZ
FINANCE QUIZ
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Questions
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Answers
1
Which of the following would be considered responsible credit card usage?
Frequently exceeding the credit limit
Making the purchases when card balance is at its maximum
Paying off the balance in full each month
Carrying a balance and making no payments
2
What is a credit score used for?
Determining your annual salary
Deciding interest rates for savings
Calculating income tax
Assessing your eligibility for loans and credit
3
Which of the following is typically considered a defensive stock?
Pharmaceutical company stock
Technology company stock
Airline company stock
Automobile company stock
4
Which of the following is a key characteristic of a mutual fund?
It is a type of fixed deposit
It pools money from multiple investors to invest in a diversified portfolio
It invests in a single stock
It offers guaranteed returns
5
Which is the safest investment option?
Equity Shares
Fixed Deposits
Real Estate
Mutual Fund
6
What major reform was introduced after the Harshad Mehta scam?
Abolishment of stock exchanges
Elimination of the stock market index
Ban on stock trading
Introduction of dematerialized shares (Demat accounts)
7
An investment gives a nominal return of 10%. If inflation is 7%, what is the real return?
17%
3%
7%
10%
8
What is a "Credit Card Skimming" scam?
A tactic used to lower credit card debt
The process of transferring funds between multiple accounts
Use of a device to steal card information during legitimate transaction
A method of paying with an expired credit card
9
Which industry currently has the greatest weightage in the Nifty 50 Index?
Energy
Financial Services
Consumer Goods
Information Technology (IT)
10
If the value of the US dollar increases against the Indian rupee, what happens to the cost of imports to India?
Imports become cheaper
Imports are no longer allowed
Imports become more expensive
Imports remain the same
11
Why is the "Buy Now, Pay Later" (BNPL) option often popular with consumers?
It offers cashback for each installment
It offers flexible payment terms without interest if paid on time
It provides unlimited credit
It provides long-term loans with no interest at all
12
Which Indian company became the first to cross a market capitalization of ₹10 lakh crore?
Infosys
HDFC Bank
Reliance Industries
Tata Consultancy Services (TCS)
13
Who is often called as "India's Warren Buffett"?
Ramdeo Agarwal
Rakesh Jhunjhunwala
Vijay Kedia
Harshad Mehta
14
Who is known as the father of value investing?
Peter Lynch
Warren Buffett
John Maynard Keynes
Benjamin Graham
15
What is short selling?
Borrowing and selling shares, then buying them back later to return
Selling shares below their market value
Selling shares you own for a quick profit
Trading shares of mid cap companies
16
Which of the following is an example of a fixed-income investment?
Stocks
Cryptocurrency
Bonds
Mutual funds
17
Which of these is a direct tax?
Income Tax
Value Added Tax
Sales Tax
GST
18
Which of the following is true about the "Moratorium Period" of an education loan?
The loan is waived off during the moratorium period
The student must start repaying during the course
The moratorium period last only for 1 month
Loan repayment is deferred until after the course completion or employment
19
What is the concept of 'time value of money'?
Rate of return earned on money invested
Money now is worth more than the same amount in the future
Money value remain constant over time
Money now is worth less than the same amount in the future
20
What is the benchmark index of the Bombay Stock Exchange (BSE)?
Nifty 100
Bank Nifty
Sensex
Nifty 50
21
What does compound interest refer to?
Interest rate that decreases over time
Earning interest on both the principal and previously earned interest
An interest rate applied only to loans
Interest earned only on the initial investment
22
What does "EMI" stand for in finance?
Equated Monthly Instalment
Essential Monthly Instalment
Equal Money Instalment
Emergency Money Instalment
23
What does blue-chip stock refer to?
Stocks of companies with high growth potential but low profits
Stocks traded in foreign markets
Stocks of large, established, and financially stable companies
Stocks of newly listed companies
24
What is the primary goal of the Unified Lending Interface (ULI)?
Enhance credit access to Foreign investors
Regulate fintech companies
Enhance credit access for rural and small borrowers
Monitor stock market activities
25
What does SIP stand for in mutual funds?
Systematic Investment Plan
Savings in Portfolio
Secure Income Portfolio
Stock Investment Plan
26
What is a potential disadvantage of No Cost EMI schemes?
The EMI is lower than the original price
The product’s cost is discounted
The EMI duration is very short
High processing fees or hidden charges
27
Which is the India's largest IPO ever?
Zomato
Swiggy
MRF
Hyundai Motor India's
28
1. What is the main objective of the NPS Vatsalya Scheme?
Subsidizing healthcare expenses
Securing a child’s financial future
Offering housing benefits
Providing scholarships for education
29
What does the term "bull market" signify?
A market controlled by large investors
A declining stock market
A stable stock market
A rising stock market
30
What is meant by leverage in trading?
Using borrowed funds to increase the size of a trade
Selling shares at a higher price than purchased
Reducing risks by diversification
Holding a stock for a long period of time
