Personal Finance Quiz – Personal Finance Basics for Beginners

Wikipedia of Finance - e-learning course on Financial Planning Wikipedia Chapter - Personal Finance Quiz - Personal Finance Basics for Beginners
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This is a quiz for your personal finance. Take personal financial quiz questions with answers to test your knowledge on “Personal Finance Basics for Beginners module”. Let us check how much do you understand about personal finance, savings, budgeting, tax planning, how to fundamentally evaluate, monitor and assess your personal finance? How to manage your investment, insurance, debt management and more?

In today’s world financial knowledge is very important and lack of financial knowledge is not acceptable at organization and personal level. Take a personal finance quiz at the end of “Personal Finance Basics for Beginners tutorial course” and test your knowledge on concepts of personal finance or other related matters and scenarios by opting this personal finance quiz.

Personal Finance Quiz – Basics for Beginners

1: Personal finance is the management of corporate finance that includes budgeting, expense, goal setting, etc.

2: Personal finance is the management of individual finance that includes budgeting, saving, goal setting, etc.

3: Personal finance is the management of organisation finance that includes budgeting, financial planning, goal setting, etc.

4: Personal finance is the management of business finance that includes budgeting, saving, financial protection, etc.

Personal finance is the management of individual finance that includes budgeting, saving, goal setting, etc.

 

1: Personal financial assessment assist you to evaluate your personal budget after taxes.

2: Corporate financial assessment assist you to evaluate your personal budget before taxes.

3: Organisation financial assessment assist you to evaluate your personal budget after taxes.

4: Business financial assessment assist you to evaluate your personal budget before taxes.

Personal financial assessment assist you to evaluate your personal budget after taxes.

 

1: Assets means anything total liabilities less equity capital investment.

2: Assets means anything which you need to pay either for short term or long term.

3: Assets means anything tangible or intangible that can be owned and has some monitory value or can produce some value.

4: Assets means any advances paid off within pre-determined timeframe.

Assets means anything tangible or intangible that can be owned and has some monitory value or can produce some value.

 

1: To Meet Monthly Budget.

2: To Meet Emergency Expenses.

3: To Meet Once in While Expenses.

4: All of the Above.

All of the Above.

 

1: Retail Banking.

2: Investment Banking.

3: Private Banking.

4: Corporate Banking.

Retail Banking.

 

1: Fixed Deposits and Investment Products.

2: Loans and Mortgage.

3: Debit / Credit Cards.

4: Insurance Products.

5: All of the Above.

All of the Above.

 

1: Analysis of financial statement and building a strategy to minimize the tax payout.

2: Analysis of financial statement and maximize the available options under tax exemptions, rebates, deductions based on the Income Tax Act.

3: All of the above.

All of the above.

 

1: Saving account are low risk funds. In other words, it is terms as less risky capital investment option.

2: Withdrawal of your capital in savings account is quick and easy. It is useful when you are in need of emergency funds.

3: Interest received are normally below the inflation rate. Which means you are losing money in long term.

4: All of the Above.

All of the Above.

 

1: Risk of capital investment differs from medium risk to high risk based on financial securities.

2: Return on capital investment are higher than savings account. As risk of investing is also greater than saving accounts.

3: Interest received are normally higher the inflation rate. Means you wealth is gradually increasing in long term.

4: All of the Above.

All of the Above.

 

1: Life Insurance.

2: Auto Insurance.

3: General Insurance.

4: All of the Above.

All of the Above.

 

1: A debt management is a contractual agreement between two parties (debtor and creditor) to safeguard their own interest.

2: A debt management is a contractual agreement between three parties (debtor, creditor and investor) to safeguard their own interest.

3: A debt management means managing your home and car loans.

4: All of the above.

A debt management is a contractual agreement between two parties (debtor and creditor) to safeguard their own interest.

 

1: Character, Capture, Capital, Collateral, Conditions.

2: Character, Capacity, Capital, Calculation, Conditions.

3: Character, Capacity, Capital, Collateral, Conditions.

4: Character, Claims, Capital, Collateral, Conditions.

Character, Capacity, Capital, Collateral, Conditions.

 

1: Debt Management Plan.

2: Consultant Financial Planner.

3: Use Financial Assessment Tools.

4: All of the Above.

All of the Above.

 

1: Job Loss.

2: Fail to manage your personal finance.

3: Divorce.

4: illness or Medical Bills.

Fail to manage your personal finance.

 

1: True (Yes).

2: False (No).

True (Yes).

 

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