Sumit Jha
Quiz by , created 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
Created by Sumit Jha about 4 years ago
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InvestEnable Advisory Services - Take this Financial Intellegence Quotient Quiz

Question 1 of 9

1

What is the full form of EMI?

Select one of the following:

  • Equated Monthly Installment

  • Easy Money Installment

  • Equal Monthly Installment

  • Equated Monetary Installment

Explanation

Question 2 of 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?

Select one of the following:

  • Amit

  • Vikas

  • Both Amit and Vikas

  • None of the Above

Explanation

Question 3 of 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:

Select one of the following:

  • Increased

  • Decreased

  • Remains unchanged

  • First Increased then decreased

Explanation

Question 4 of 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?

Select one of the following:

  • Medium term horizon

  • Short term horizon

  • Long term horizon

Explanation

Question 5 of 9

1

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

Select one of the following:

  • True

  • False

  • Can't Say

  • Maybe

Explanation

Question 6 of 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?

Select one of the following:

  • Long term Investment Heavens

  • Keep in Cash

  • Short term Liquid Investments

  • None of the Above

Explanation

Question 7 of 9

1

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

Select one of the following:

  • INR 1.05 Lac

  • INR 1 Lac plus 3%

  • INR 1 Lac plus 5%

Explanation

Question 8 of 9

1

Which is a riskier investment?

Select one of the following:

  • Investing in PPF

  • Investing a Fixed Deposit

  • Investing in Government Bond

  • Investing in Corporate Bond Fund

Explanation

Question 9 of 9

1

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

Select one of the following:

  • Annual

  • Monthly

  • Weekly

  • Quarterly

  • Semi-Annually

Explanation

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