Financial Literacy
What does CPF stand for?
Central Provident Fund
What is the full form of Singapore's largest bank?
Development Bank of Singapore (DBS)
What is opportunity cost?
Potential net benefit from next best alternative foregone
What is the name of the Singapore stock exchange?
Singapore Exchange (SGX)
What does IMF stand for?
International Monetary Fund (IMF)
What is the term for income earned from investments, not work?
Passive income
What is Singapore's current corporate tax rate?
17%
What is the term of how responsive quantity demanded is to price changes?
Price elasticity of demand (PED)
Which Singapore-based online marketplace became a regional tech giant?
Carousell
What country is the world's fifth largest economy by GDP?
India
What is spreading investments across different assets to reduce risk called?
Diversification
Which country is Singapore's largest trading partner?
China
What behavioural economics term describes people feeling losses more strongly than equivalent gains?
Loss aversion
Which Singapore government agency provides grants like the Startup SG Founder scheme to encourage entrepreneurship?
Enterprise Singapore
Which global organisation promotes free trade among 160+ nations?
World Trade Organisation (WTO)
What percentage return would double your money in 10 years, according to the rule of 72?
7.2%
What was Singapore's GDP growth rate in 2025? (in terms of %)
5%
What is the term for reducing average cost as output increases?
Economies of scale
What is the name for a company worth over $1 billion?
Unicorn
Which country has the highest foreign exchange reserves as of 2025?
China
What does APR stand for in the context of borrowing money?
Annual Percentage Rate
What tool does MAS primarily use for its monetary policy?
Exchange rate policy
What is the name of the phenomenon where overuse of shared resources leads to depletion?
Tragedy of the commons
Which legal structure protects a business owner's personal assets while allowing the business to be taxed separately?
Limited Liability Company (LLC)
Which country experienced the highest inflation rate in 2025?
Venezuela