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Welcome to 'The Financial Literacy Test - Beginners'.

 

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1 / 15

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

2 / 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:

3 / 15

Which of these can negatively impact your credit score?

4 / 15

Savings accounts are___________ but are not__________.

5 / 15

Which of these helps you safeguard yourselves from financial losses?

6 / 15

Which of these is more likely to secure your investments from risks and generate better returns simultaneously?

7 / 15

Which of these best describe a mutual fund?

8 / 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)

9 / 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?

10 / 15

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

11 / 15

Which of these statements are incorrect with respect to EMI?

12 / 15

What is the tax rate that is charged on LTCG arising out of the sale of equity shares and equity-oriented mutual funds?

13 / 15

Which of these conditions do not hold for IPO?

14 / 15

Which of the following assets do you find the most risky?

15 / 15

Which of these conditions do not hold true for debentures?

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