Let's learn together.


Welcome to 'The Financial Literacy Test - Intermediate'.


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.

Don't forget to hit the 'i' icon for some exciting fun every time you answer!!


Read through our blogs and get an even better understanding.

1 / 12

X is a 35 year old man working in an MNC in Kolkata. His income and expenses are as follows:

ParticularsAmount (Rs)
Basic Salary50000/ month
Monthly HRA15000
Annual Interest from deposits50000
Health insurance premium for self20000

What is his total tax liability?

2 / 12

What is the average monthly interest rate applicable on credit cards?

3 / 12

What does it mean to ‘short’ a stock?

4 / 12

Which of these investment options cannot withstand inflation?

5 / 12

How much money would you need to deposit today at 8% annual interest compounded half-yearly to have ₹80000 at the end of 6 years?

6 / 12

How much of the pre-retirement income is likely required to maintain a similar lifestyle during retirement?

7 / 12

Jasmine is a 45 year old self-employed woman residing in Chennai. Here is a list of her total income and expenses:

Annual Gross Income₹3000000
Annual income from interest on savings₹40000
Annual income from other sources₹60000
Section 80C Deductions₹120000
Health insurance premium for self₹25000
Expenses related to work₹2200000

Calculate her tax liability.

8 / 12

How long does a delay on loan repayment stay on the credit report?

9 / 12

Which of these can help you save more tax if ₹1.5lakhs limit under Section 80C is exhausted?

10 / 12

Which of these is the least viable investment option for retirement planning?

11 / 12

_______ means the income that an individual actually has after taking account of inflationary effects.

12 / 12

Sales load on a mutual fund means _____

Your score is