Q.1

Which of the following investment choices is least risky?

  • Renting
  • Bonds
  • Flipping
  • CD's
Q.2

Galloping inflation is also known as

  • Hyperinflation
  • Jumping inflation
  • Moderate inflation
  • None
Q.3

Which payment type can help you stick to a budget?

  • Payday loans
  • Cash advances
  • Debit cards
  • Credit cards
Q.4

Capitalism is characterized by which of the following?

  • Profits
  • A market economy
  • Privately owned businesses
  • All the above
Q.5

What is true about personal financial planning?

  • Personal financial planning is the process of creating and achieving financial goals
  • Our financial decisions decrease once we reach adulthood
  • A family's resources are unlimited
  • There are two means for achieving financial goals—you either need to increase your spending or reduce savings
Q.6

Someone who loans money is called

  • Lender
  • Borrower
  • Investee
  • Investor
Q.7

Financial management process deals with

  • Financing decisions
  • Investments
  • Both A & B
  • None of the above
Q.8

Diversification is important in investing because

  • It ensures that you only make low-risk investments.
  • It helps you to balance your risk across different types of investments.
  • It helps you gain the highest rate of return despite any risks.
  • It increases your overall risk, which guarantees that you will make more money.
Q.9

Comprehensive income includes all of the following except

  • expenses
  • contributions by owners
  • extraordinary items
  • losses
Q.10

RBI issued currency notes under which system

  • Maximum Fiduciary System
  • Proportional Reserve System
  • Fixed Fiduciary System
  • Fixed Minimum Reserve System
Q.11

Insurance can help you to protect against

  • unexpected accidents
  • illegal consent
  • Both A & B
  • None of the above
Q.12

Demand is said to be inelastic when

  • Percentage change in demand is less than the percentage change in price of the good
  • Percentage change in demand is greater than the percentage change in price of the good
  • Percentage change in demand is equal to the percentage change in price of the good
  • None of the above
Q.13

Which cost is an example of a variable cost?

  • raw materials
  • raw materials
  • labor
  • All of the above
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