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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 statements are incorrect with respect to EMI?

2 / 15

Which of these conditions do not hold true for debentures?

3 / 15

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

4 / 15

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

5 / 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)

6 / 15

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

7 / 15

Net worth statement must include:

8 / 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:

9 / 15

Net Worth =

10 / 15

A credit report is

11 / 15

Which of these best describe a mutual fund?

12 / 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?

13 / 15

Which of these helps you safeguard yourselves from financial losses?

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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