InvestEnable Advisory Services - Take this Financial Intellegence Quotient Quiz
Descripción
The financial quotient is a very important aspect which determines your financial knowledge, attitude and behavior about your personal finance. The given quiz have few multiple choice questions that measure the fundamental concepts which are important for financial decision-making. We at InvestEnable Advisory Services wants to gauge your "Financial IQ" so that we can help everyone associated with us have a better grasp on the financial concepts thus leading you to Financial Well-Being. The "Fina
Two colleagues Vikas and Amit in a office decides to invest in Share Market an amount of INR 10 Lacs. Vikas invested his entire principal in stocks of ABC Ltd. Amit, on the other hand, decided to spread his investment across stocks of 5 companies. In the event of stock market going down, who is at the risk of losing more money?
Respuesta
Amit
Vikas
Both Amit and Vikas
None of the Above
Pregunta 3
Pregunta
You go to a near by grocery shop to purchase 1kg of sugar,which is being offered for Rs 50. Last year you purchased the same for Rs 45. Your purchasing power has:
Respuesta
Increased
Decreased
Remains unchanged
First Increased then decreased
Pregunta 4
Pregunta
If you want to invest in mutual funds for retirement planning and your age is between 30-40 years, then for how long you should stay invested and what should be your investment horizon?
Respuesta
Medium term horizon
Short term horizon
Long term horizon
Pregunta 5
Pregunta
Insurance is a form of risk cover and should not be treated as an investment
Respuesta
True
False
Can't Say
Maybe
Pregunta 6
Pregunta
Experts recommend that your emergency fund contain enough money to cover at least 3-6 months worth of living expenses – which is the best place to keep these emergency funds?
Respuesta
Long term Investment Heavens
Keep in Cash
Short term Liquid Investments
None of the Above
Pregunta 7
Pregunta
Suppose you need to borrow INR 1 Lac, which is the lower amount to pay?
Respuesta
INR 1.05 Lac
INR 1 Lac plus 3%
INR 1 Lac plus 5%
Pregunta 8
Pregunta
Which is a riskier investment?
Respuesta
Investing in PPF
Investing a Fixed Deposit
Investing in Government Bond
Investing in Corporate Bond Fund
Pregunta 9
Pregunta
Which type of compounding frequency will give you the highest compound interest?