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Welcome to 'The Financial Literacy Test - Beginners'.

 

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1 / 15

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

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 the following would be considered a risk-free investment?

4 / 15

Net worth statement must include:

5 / 15

How are debit and credit cards similar?

6 / 15

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

7 / 15

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

8 / 15

A credit report is

9 / 15

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

10 / 15

Which of these can negatively impact your credit score?

11 / 15

Net Worth =

12 / 15

Savings accounts are___________ but are not__________.

13 / 15

Which of these conditions do not hold true for debentures?

14 / 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)

15 / 15

Which of these statements are incorrect with respect to EMI?

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