Sumit Jha
Quiz por , criado more than 1 year ago

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
Criado por Sumit Jha mais de 4 anos atrás
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InvestEnable Advisory Services - Take this Financial Intellegence Quotient Quiz

Questão 1 de 9

1

What is the full form of EMI?

Selecione uma das seguintes:

  • Equated Monthly Installment

  • Easy Money Installment

  • Equal Monthly Installment

  • Equated Monetary Installment

Explicação

Questão 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?

Selecione uma das seguintes:

  • Amit

  • Vikas

  • Both Amit and Vikas

  • None of the Above

Explicação

Questão 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:

Selecione uma das seguintes:

  • Increased

  • Decreased

  • Remains unchanged

  • First Increased then decreased

Explicação

Questão 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?

Selecione uma das seguintes:

  • Medium term horizon

  • Short term horizon

  • Long term horizon

Explicação

Questão 5 de 9

1

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

Selecione uma das seguintes:

  • True

  • False

  • Can't Say

  • Maybe

Explicação

Questão 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?

Selecione uma das seguintes:

  • Long term Investment Heavens

  • Keep in Cash

  • Short term Liquid Investments

  • None of the Above

Explicação

Questão 7 de 9

1

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

Selecione uma das seguintes:

  • INR 1.05 Lac

  • INR 1 Lac plus 3%

  • INR 1 Lac plus 5%

Explicação

Questão 8 de 9

1

Which is a riskier investment?

Selecione uma das seguintes:

  • Investing in PPF

  • Investing a Fixed Deposit

  • Investing in Government Bond

  • Investing in Corporate Bond Fund

Explicação

Questão 9 de 9

1

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

Selecione uma das seguintes:

  • Annual

  • Monthly

  • Weekly

  • Quarterly

  • Semi-Annually

Explicação

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