1. According to SEBI, what percentage of people in India are literate?
Your answer is. ✅ 80%
2. According to SEBI, what percentage of people in India are financially literate?
Your answer is. ✅ 27%
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1. Is it important to gain financial literacy?
Your answer is. ✅ Yes
2. Why is financial literacy important?
Your answer is. ✅ All of the given options
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1. What does "Income" mean?
Your answer is. ✅ Money we earn
2. Rent from a property should be considered as ____
Your answer is. ✅ passive income
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1. What do you mean by "Non-essential expenditures"?
Your answer is. ✅ Spending money on a family vacation
2. What does "Essential expenditure" mean?
Your answer is. ✅ Money spent on needs
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1. Debt means to owe money to others or borrow money from others in order to fulfill our own needs.
Your answer is. ✅ True
2. What is a good debt?
Your answer is. ✅ Both 'Adding value to your life' and 'Scope for self- development'
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1. What comes first in a financial plan?
Your answer is. ✅ Identifying current financial situations
2. By managing our finances, we can achieve our future financial objectives.
Your answer is. ✅ True
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1. What does the term "short-term goal" mean?
Your answer is. ✅ Goals which can be accomplished within 1 year
2. Which of the following is a type of financial goal?
Your answer is. ✅ All of the given options
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1. 'SMART' stands for
Your answer is. ✅ Specific, Measurable, Achievable, Realistic & Time bound
2. The "S" in the SMART model stands for ______
Your answer is. ✅ Specific
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1. What does 'Saving' mean?
Your answer is. ✅ Setting aside some money for future needs and wants
2. Where can we save?
Your answer is. ✅ Both 'Banks' and 'Post office'
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1. While choosing a saving method, one should think about
Your answer is. ✅ Returns
2. Fixed deposit means
Your answer is. ✅ Investing our money in a single investment
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1. What is the maximum tenure of PPF?
Your answer is. ✅ 15 years
2. Sukanya Samriddhi Yojana is for
Your answer is. ✅ Girl child
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1. What does investment mean?
Your answer is. ✅ Both the given options
2. Investment is a type of saving.
Your answer is. ✅ True
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1. Who can be called the real owner of a company?
Your answer is. ✅ Equity shareholders
2. What is the other name for stock, as per the video?
Your answer is. ✅ Share
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1. Pick all the other investment instruments mentioned in the video.
Your answer is. ✅ Bond. Petroleum. Gold
2. What are the different forms of investment in gold?
Your answer is. ✅ Digital gold. Physical gold.
Gold ETF. Gold mutual funds
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1. Budgeting will help you to
Your answer is. ✅ All of the given options
2. What does budgeting mean?
Your answer is. ✅ Creating a plan to spend our money
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1. How many steps do we have in budget preparation?
Your answer is. ✅ 7
2. Talking to an expert is necessary before we finalize the budget.
Your answer is. ✅ True
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1. Match the following as per the 70-30 principle:
✅
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2. Budgeting should be done based on our income and the number of years we plan to spend to achieve our financial goals
Your answer is. ✅ True
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1. Insurance means a guarantee provided by the insurance company against the compensation for the damage, loss, illness, death, etc.
Your answer is. ✅ True
2. Insurance will protect
Your answer is. ✅. You. Your family
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1. Life insurance deals with?
Your answer is. ✅ Life of a person
2. How many categories of life insurance are shared in the video?
Your answer is. ✅ 4
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1. Which among the following come under general insurance?
Your answer is. ✅ Vehicle insurance. Crop insurance. Health insurance
2. Crop insurance will be provided to
Your answer is. ✅ Farmers
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1. "I want to construct my own house in my hometown with Rs. 10 lakhs with the help of my salary!" Which element of SMART is missing in the above-mentioned statement?
Your answer is. ✅ Time bound
2. Money spent on alcohol is a _____ kind of expense.
Your answer is. ✅ non- essential
3. Salary is a part of _______ income?
Your answer is. ✅ active
4. What is the full form of SEBI?
Your answer is. ✅ Securities and Exchange Board of India
5. If you are getting constant returns from the amount you saved, then that saving can be categorized as
Your answer is. ✅ Savings with fixed returns
6. If a share's price is Rs. 100, you have Rs. 1000 with you. How many shares can you buy?
Your answer is. ✅ 10
7. "My goal is to purchase a car within one year from now.” Which kind of goal will it fall under?
Your answer is. ✅ Short term
8. Mutual funds will invest our money in different sectors and companies, which is less risky than investing in shares.
Your answer is. ✅ True
9. Which of the following life insurance policies will not pay out a death benefit if the person is still alive when the policy matures?
Your answer is. ✅ Term life insurance
10. What is the minimum tenure of a fixed deposit at SBI?
Your answer is. ✅ 7 days
11. As per the 50-30-20 principle, needs/ utilities should be allotted ___ of your income?
Your answer is. ✅ 50%
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