Easy
In Budgeting, Income > Expenditure is called
Surplus
6% can be written as 6/100 and 0.6. True or False?
False. It is 0.06
Which process is used predict the future profits/losses ?
Forecasting
_________ is putting your money into assets, such as stocks or bonds, with the expectation
that your money will grow.
Investing
What are the basic differences between Cheques and Demand Drafts?
A DD is more secure than a cheque.
In case of DD, the amount is payable on demand.
Full form of KYC is
Know your customer
In Budgeting, Income < Expenditure is called
Deficit
Rahul lent Shyam Rs 1,00,000 for 5 years at 10% Simple Interest. What is the total amount that Shyam will return after 5 years?
Rs 1,50,000
Janvi lent Rs.1,00,000 to Siddhi for 2 years at an interest rate of 10% compounded annually.
Find out how much interest Janvi will receive after two years on maturity date from Siddhi?
21000
What is the difference between shares and mutual funds?
When you invest directly in share market and take higher risks, you invest in shares. But, in case of mutual funds a professional fund manager is investing for you in different shares/ debt funds to spread your risk and diversify your investment.
Currency of Bangladesh
Taka
Currency of China and Japan
Yuan and Yen
A process in which earnings from capital gains or interest etc. are reinvested which generates additional earnings over time
Compounding
___________ is the cost of what is given up when a decision is made in favour of next best alternative.
Opportunity Cost
Vaishnavi lend Rs.5,00,000 to Kashish for 1 year at an interest rate of 10% compounded
semi-annually (half-yearly). Find out how much interest will Vaishnavi receive after one year on maturity date from Kashish?
Compound Interest = 51,250 (Note, Amount = Rs 5,51,250)
Finance Minister of India is -
Smt. Nirmala Sitharaman
Full form of IFS Code is
Indian Financial System Code
Under which concept, the value of money decreases with time?
Time Value of Money / Inflation
Components of Cheque are _______. (5 things)
Date
Name of Payee
Amount in words
Amount in numbers
Sign of the payer
“Ramesh is a milkman and wants to barter his milk for various other items of household”.
According to you, which problems can he counter while bartering with milk.
Difficult to determine value of goods
Lack of double coincidence of wants
Difficulty in storage of goods
On which date does the government present the budget every year?
1st February
Amount needed to fulfill short-term goals can be accumulated by _____.
Savings
Who will have more money - Akhil who invests Rs 5,000 every year compounded annually or Prashant who invests the same amount every year but it is compounded quarterly.
Prashant
_________ is important to live a stress-free life
Financial Freedom
“A sum of Rs. 1000 received now will have more value than Rs. 1000 received after one
year”. Do you agree with the statement? Give reasons in support of your answer.