Timestamp Name Gender Age?
2024/12/23 1:59:31 am GMT+5:30 Mayank Male 18-25
2024/12/23 2:00:25 am GMT+5:30 Amit Kumar Male 18-25
2024/12/23 2:03:44 am GMT+5:30 Ujjwal Male 18-25
2024/12/23 2:03:47 am GMT+5:30 Arshia Female Below 18
2024/12/23 2:15:07 am GMT+5:30 Vivek Male Below 18
2024/12/23 2:17:18 am GMT+5:30 aradhya Male Below 18
2024/12/23 2:39:20 am GMT+5:30 Mahir Gandhi Male 18-25
2024/12/23 12:55:27 pm GMT+5:30 Lalu Yadav Male 18-25
2024/12/23 12:56:17 pm GMT+5:30 Prince Verma Male 18-25
2024/12/23 1:06:00 pm GMT+5:30 Saniya khero Female 18-25
2024/12/23 1:10:29 pm GMT+5:30 Adarsh Singh Male Below 18
2024/12/23 1:19:19 pm GMT+5:30 Anshuman Meher Male 18-25
2024/12/23 1:54:24 pm GMT+5:30 Sparsh Male Below 18
2024/12/23 1:58:52 pm GMT+5:30 Samrat Gupta Male 18-25
2024/12/23 2:27:02 pm GMT+5:30 gyanvee Female Below 18
What is the first step to creating a budget? Which of the following is a good habit for saving money?
Tracking your income and expenses Saving a fixed percentage of your income regularly
Tracking your income and expenses Spending on wants first
Tracking your income and expenses Saving a fixed percentage of your income regularly
Tracking your income and expenses Saving a fixed percentage of your income regularly
Tracking your income and expenses Saving a fixed percentage of your income regularly
Borrowing money Avoiding any kind of bank account
Tracking your income and expenses Spending on wants first
Borrowing money Spending on wants first
Tracking your income and expenses Saving a fixed percentage of your income regularly
Tracking your income and expenses Saving a fixed percentage of your income regularly
Tracking your income and expenses Saving a fixed percentage of your income regularly
Tracking your income and expenses Saving a fixed percentage of your income regularly
Spending less than you earn
Tracking your income and expenses Saving a fixed percentage of your income regularly
Tracking your income and expenses Saving a fixed percentage of your income regularly
What is compound interest?
Interest earned only on the initial amount saved
Interest earned on both the initial amount and the interest accumulated
Interest earned on both the initial amount and the interest accumulated
Interest earned on both the initial amount and the interest accumulated
type of tax on investments
type of tax on investments
Interest earned on both the initial amount and the interest accumulated
Interest earned on both the initial amount and the interest accumulated
Interest earned on both the initial amount and the interest accumulated
type of tax on investments
Interest earned on both the initial amount and the interest accumulated
Interest earned on both the initial amount and the interest accumulated
Interest earned on both the initial amount and the interest accumulated
Which of these accounts is typically used for daily transactions? What does a credit score represent?
Savings account Your creditworthiness or ability to repay loans
Checking account Your creditworthiness or ability to repay loans
Savings account Your creditworthiness or ability to repay loans
Savings account Your creditworthiness or ability to repay loans
Retirement account The number of loans you have
Retirement account The number of loans you have
Fixed deposit account Your creditworthiness or ability to repay loans
Checking account Your creditworthiness or ability to repay loans
Savings account Your monthly expenses
Savings account Your monthly expenses
Savings account Your creditworthiness or ability to repay loans
Retirement account Your income level
Savings account Your creditworthiness or ability to repay loans
Fixed deposit account Your creditworthiness or ability to repay loans
What should you do if you have multiple debts?
Borrow more money to pay them off
Borrow more money to pay them off
Pay off the one with the highest interest rate first
Pay off the one with the highest interest rate first
Ignore them
Ignore them
Only pay the minimum amount on all debts
Ignore them
Ignore them
Pay off the one with the highest interest rate first
Borrow more money to pay them off
Ignore them
Pay off the one with the highest interest rate first
Ignore them
Why is an emergency fund important?
To buy luxury items
To avoid taxes
To cover unexpected expenses like medical bills or job loss
To buy luxury items
To buy luxury items
To cover unexpected expenses like medical bills or job loss
To cover unexpected expenses like medical bills or job loss
To use for vacation trips
To cover unexpected expenses like medical bills or job loss
To cover unexpected expenses like medical bills or job loss
To use for vacation trips
To cover unexpected expenses like medical bills or job loss
To cover unexpected expenses like medical bills or job loss
Which type of investment typically carries the lowest risk?
Savings account
Savings account
Savings account
Savings account
Mutual funds
Stocks
Savings account
Bonds
Savings account
Savings account
Mutual funds
Savings account
Bonds
Savings account
Which of the following is a risk of borrowing too much money?
Better credit score
Better credit score
High-interest payments and financial stress
High-interest payments and financial stress
Increased savings
Increased savings
Better credit score
Increased savings
Better credit score
High-interest payments and financial stress
High-interest payments and financial stress
High-interest payments and financial stress
High-interest payments and financial stress
Increased savings
What does it mean to "live within your means"?
Avoid spending on basic needs
Avoid spending on basic needs
Spend less than or equal to what you earn
Spend less than or equal to what you earn
Spend less than or equal to what you earn
Spend all of your income every month
Avoid spending on basic needs
Borrow money for extra expenses
Borrow money for extra expenses
Spend less than or equal to what you earn
Avoid spending on basic needs
Spend less than or equal to what you earn
Borrow money for extra expenses
What is a common benefit of a savings account? What is the purpose of a retirement account?
You can withdraw money any time without penalties To save for immediate needs
You can withdraw money any time without penalties To save and grow money for use after retirement
It earns interest on your money over time To save and grow money for use after retirement
You can withdraw money any time without penalties To save and grow money for use after retirement
It charges high fees for withdrawals To save and grow money for use after retirement
It charges high fees for withdrawals To take out loans
It allows you to borrow money easily To save and grow money for use after retirement
It allows you to borrow money easily To save and grow money for use after retirement
It allows you to borrow money easily To take out loans
You can withdraw money any time without penalties To save and grow money for use after retirement
It earns interest on your money over time To save and grow money for use after retirement
To take out loans
You can withdraw money any time without penalties To save and grow money for use after retirement
It charges high fees for withdrawals To save and grow money for use after retirement
What is a stock? How can you avoid late fees on bills?
A share of ownership in a company Set reminders or automatic payments for bills
A share of ownership in a company Pay bills after the due date
A share of ownership in a company Set reminders or automatic payments for bills
A share of ownership in a company Only pay when you have extra money
A type of bond Ignore payment deadlines
A type of bank account Pay bills after the due date
A type of bank account Ignore payment deadlines
A type of bond Ignore payment deadlines
A type of bank account Pay bills after the due date
A share of ownership in a company Set reminders or automatic payments for bills
A type of bond Set reminders or automatic payments for bills
A type of loan Pay bills after the due date
A share of ownership in a company Set reminders or automatic payments for bills
A type of loan Pay bills after the due date
What should you do before making a big financial decision?
Ask someone else to make the decision for you
Research, plan, and understand the decision's impact
Research, plan, and understand the decision's impact
Research, plan, and understand the decision's impact
Borrow money immediately
Spend without thinking
Research, plan, and understand the decision's impact
Research, plan, and understand the decision's impact
Ask someone else to make the decision for you
Research, plan, and understand the decision's impact
Research, plan, and understand the decision's impact
Ask someone else to make the decision for you
Research, plan, and understand the decision's impact
Research, plan, and understand the decision's impact
