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 ?
RAKHI SIBLING SPECIAL QUIZ

Quiz
•
Other, Education, Business
•
2nd - 12th Grade
•
Hard
Education 10x
Used 12+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
2 mins • 5 pts
More than today
The same amount as today
Less than today
Don’t know
2.
MULTIPLE CHOICE QUESTION
2 mins • 5 pts
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
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
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
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
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
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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