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Welcome to 'The Financial Literacy Test - Beginners'.

 

Fill in your details. Select the most appropriate answer according to you and hit 'Next'. If you answer the question correctly 'Kudos' if not you will get the right answer and brief explanation, go through the explanation for better understanding of the topic.

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Let's take the first step towards financial intelligence!

1 / 15

Which of these helps you safeguard yourselves from financial losses?

2 / 15

Which of these statements are incorrect with respect to EMI?

3 / 15

Which of the following terms describe the increase in the price level of the economy?

4 / 15

Net Worth =

5 / 15

A credit report is

6 / 15

Sam deposited ₹50000 in her Savings Account at a local bank at an annual interest rate of 4.25%. After 3 years, she withdraws the total amount. She deposits it along with a further amount of ₹15000 in a different bank which offers 5% interest. How much will she receive after two years?

7 / 15

Which of these conditions do not hold true for debentures?

8 / 15

Net worth statement must include:

9 / 15

Savings accounts are___________ but are not__________.

10 / 15

Which among these is a profitable condition?

11 / 15

X deposited ₹10000 in Savings Account and had ₹ 11,750 at the end of 5 years. What was the yearly interest rate? (simple interest)

12 / 15

A taxpayer is exempted from paying tax under the new regime if their total income is upto ________

13 / 15

If the interest rate offered on your Savings Account is 2% p.a. and inflation stands at 4%. After one year, the purchasing power of the money in that account would be:

14 / 15

Which of these can negatively impact your credit score?

15 / 15

Which of these conditions do not hold for IPO?

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