Finance Quiz: Part 2
Total Questions : 25 Scoring System: Correct Answer : +1 points Incorrect Answer : -1 point Not Answered : 0 point The final result will appear at the end. All The Best.
- What is deflation?
- Which type of interest is calculated only on the principal amount?
- What is a bond?
- What is a yield curve?
- What is a credit score?
- PAN Means
- Education Loans
- Can Illiterate Person Be Issued Debit Card?
- NEFT Stands For
- RTGS Stands For
- KYC Means
- What Is RuPay Debit Card?
- ATM Password To Be Shared Only With
- Internet Banking Refers To
- In Recurring Deposits,
- What is a budget?
- Your bank just notified you that your 12-month Certificate of Deposit (CD) is maturing. What factors are important to consider before you decide to let it automatically renew?
- Which of the following would hurt your credit score?
- Which savings strategy will get you to $1 million in the bank by age 65, assuming 8% annualized returns?
- Which of the following would be expected to hold its value best during a time of inflation?
- What is the purpose of financial statements?
- What is the difference between a bond and a stock?
- What is the time value of money?
- What is diversification?
- What is the difference between a mutual fund and an exchange-traded fund (ETF)?
A general increase in prices and decrease in the value of money.
A general decrease in prices and increase in the value of money.
A measure of the risk associated with a particular investment.
Simple interest
Compound interest
Annual interest
A share of ownership in a company.
A certificate of deposit issued by a bank.
A loan made to a company or government.
A graph that shows the relationship between interest rates and the time to maturity for a set of bonds.
A measure of the creditworthiness of a borrower or issuer.
A measure of the risk associated with a particular investment.
A measure of the creditworthiness of a borrower.
A measure of the risk associated with a particular investment.
A measure of the performance of a particular company or investment.
Permanent Account Number
Primary Account Number
None
Cover tuition fee & expenses
Are repayable after completion of course
Both
Yes
No
Only in case of joint account
National Electrical Fund Transfer
National Electronic Fund Transfer
None
Ready Time Gross Settlement
Ready Time Grocery Settlement
Real Time Gross Settlement
Know your character
Know your customer
Both
Introduced by National Payments Corporation of India
Accepted at all ATMs & PoS machines
All of above
Obedient son
Spouse
None of above
Opening of account through ATM
Operation of account through internet
Both
interest is paid at FDR rate
a fixed sum is deposited every month
Both
A spending plan showing sources and uses of income.
A limit on spending that cannot be exceeded.
The amount of money that a credit card will let you charge without penalties.
There is a good chance you might need the funds in a shorter time frame.
Interest rates have gone up since you opened the CD.
Both
Paying off student loan debt.
Closing a long-held credit card account.
Getting married.
Save $200 a month, starting at age 20
Save $400 a month, starting at age 30
Save $800 a month, starting at age 40
A corporate bond.
A house.
A certificate of deposit.
To provide an overview of a company's financial position
To track employee performance
To forecast future market trends
A bond represents a debt obligation, while a stock represents ownership in a company
A bond pays interest to the investor, while a stock pays dividends
A bond represents ownership in a company, while a stock represents a debt obligation
The concept that a dollar today is worth less than a dollar in the future.
The concept that a dollar today is equal to a dollar in the future.
The concept that a dollar today is worth more than a dollar in the future.
The process of investing in a single stock
The process of investing in a single asset class
The process of investing in multiple asset classes to reduce risk
Mutual funds are more tax-efficient than ETFs
Mutual funds are actively managed, while ETFs are passively managed
Mutual funds are traded on stock exchanges, while ETFs are traded over-the-counter