Personal Finance Quiz – Personal Finance 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).