1.
State whether true or false. A 15 years home loan usually has higher EMI than a 30 years home loan, but the total interest payable over the tenure of the loan is less.
2.
Suppose you invest ₹10,000 each year for the next 10 years, while your friend spends all his money. However, at the end of 10 years, your friend suddenly decides to invest ₹1,50,000. Assuming both of you earn 10% annual return, who will have more money at the end of 20 years?
3.
Suppose you have ₹1000 in a savings bank account, the interest rate is 4% per year, and the inflation is 5%. After 1 year, how much do you think you will be able to buy?
4.
State whether true or false. It is usually possible to reduce the risk of investing in the stock market by buying a stock mutual fund than a single company's stock.
5.
Suppose you have ₹1000 in a bank account and the interest rate is 5% per year. After 5 years, how much do you think you will have in the account?
6.
Who among the following individuals has a greater need for buying a life insurance policy?
7.
Suppose you received a call from your bank. Which of the followings they would never ask you to share?
8.
State whether true or false. Suppose someone guarantees to double your money in 2 years. It is likely that you can also lose your money.
9.
Suppose you have ₹1,00,000 in your emergency fund earning a low 5% annual interest. At the same time, you have a loan of ₹1,00,000 where you are paying an annual interest of 8%. What would you do?
10.
Suppose you have invested ₹1000 in a bond that pays 6% annual coupon rate. If the interest rate increases from 6% to 8%, what will happen to your bond price?
