RAKHI SIBLING SPECIAL QUIZ

RAKHI SIBLING SPECIAL QUIZ

2nd - 12th Grade

15 Qs

quiz-placeholder

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RAKHI SIBLING SPECIAL QUIZ

RAKHI SIBLING SPECIAL QUIZ

Assessment

Quiz

Other, Education, Business

2nd - 12th Grade

Hard

Created by

Education 10x

Used 12+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 5 pts

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Rekha asks her brother how much will she be able to buy with her income in 2024 given that her income and the prices of all the goods will have doubled by 2024 ?

 More than today

   The same amount as today

   Less than today

 Don’t know

2.

MULTIPLE CHOICE QUESTION

2 mins • 5 pts

Media Image

 In general, investments that are riskier tend to provide more returns than investments with less risk.

True

False

Don't know

3.

MULTIPLE CHOICE QUESTION

2 mins • 5 pts

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Kaamna and her brother Dev heard their parents talking about investing in mutual and index funds. What are mutual and index funds?

  Insurance policies to provide an umbrella for “rainy days”

 Funds you have for emergencies

  Baskets of stocks that you can invest in

 Bank savings products on which you earn regular interest

4.

MULTIPLE CHOICE QUESTION

2 mins • 5 pts

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Harish wants to save some amount to purchase a diamond ring for his wife. He consults his sister as to how much he should save every month. His sister tells him to save according to the 50:30:20 budgeting rule. How much should he save every month?

20-50%

   20 – 30%

Average of 50, 20, 30 i.e. 33.3%

About 20%

5.

MULTIPLE CHOICE QUESTION

2 mins • 5 pts

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The return may be thought of as

The growth in the value of an investment

  The risk associated with an investment

  The process of returning the stock to the corporation that issued it

The fee you need to pay for owning different financial products

6.

MULTIPLE CHOICE QUESTION

2 mins • 5 pts

Media Image

Divya asks her elder brother Sudhir what savings accounts and money market accounts are most appropriate for :

Long term investments

Emergency funds and short term goals

Earning a high rate of return

7.

MULTIPLE CHOICE QUESTION

2 mins • 5 pts

Media Image

Ramesh purchased a new car by taking out a loan from bank. To reduce the total finance costs paid over the life of the auto loan, his sister advised him to choose a loan with the:

  Lowest monthly payment

   Longest repayment term

Shortest repayment term

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