Sumit Jha
Test por , creado hace más de 1 año

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

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Sumit Jha
Creado por Sumit Jha hace más de 4 años
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InvestEnable Advisory Services - Take this Financial Intellegence Quotient Quiz

Pregunta 1 de 9

1

What is the full form of EMI?

Selecciona una de las siguientes respuestas posibles:

  • Equated Monthly Installment

  • Easy Money Installment

  • Equal Monthly Installment

  • Equated Monetary Installment

Explicación

Pregunta 2 de 9

1

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?

Selecciona una de las siguientes respuestas posibles:

  • Amit

  • Vikas

  • Both Amit and Vikas

  • None of the Above

Explicación

Pregunta 3 de 9

1

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:

Selecciona una de las siguientes respuestas posibles:

  • Increased

  • Decreased

  • Remains unchanged

  • First Increased then decreased

Explicación

Pregunta 4 de 9

1

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?

Selecciona una de las siguientes respuestas posibles:

  • Medium term horizon

  • Short term horizon

  • Long term horizon

Explicación

Pregunta 5 de 9

1

Insurance is a form of risk cover and should not be treated as an investment

Selecciona una de las siguientes respuestas posibles:

  • True

  • False

  • Can't Say

  • Maybe

Explicación

Pregunta 6 de 9

1

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?

Selecciona una de las siguientes respuestas posibles:

  • Long term Investment Heavens

  • Keep in Cash

  • Short term Liquid Investments

  • None of the Above

Explicación

Pregunta 7 de 9

1

Suppose you need to borrow INR 1 Lac, which is the lower amount to pay?

Selecciona una de las siguientes respuestas posibles:

  • INR 1.05 Lac

  • INR 1 Lac plus 3%

  • INR 1 Lac plus 5%

Explicación

Pregunta 8 de 9

1

Which is a riskier investment?

Selecciona una de las siguientes respuestas posibles:

  • Investing in PPF

  • Investing a Fixed Deposit

  • Investing in Government Bond

  • Investing in Corporate Bond Fund

Explicación

Pregunta 9 de 9

1

Which type of compounding frequency will give you the highest compound interest?

Selecciona una de las siguientes respuestas posibles:

  • Annual

  • Monthly

  • Weekly

  • Quarterly

  • Semi-Annually

Explicación

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