SAMPLE QUESTIONS
Classes 11-12
Questions:
1. The interest rate on your savings account is 8% per annum compounded quarterly
and the rate of inflation is 8.2% per annum. After one year, would the money in the
account buy more than it does today, exactly the same or less than today?
a. More than what it buys today
b. Exactly the same as it buys today
c. Less that what it buys today
2. Sita has been working for more than 10 years and has accumulated certain assets
and liabilities. Calculate Sita's networth based on the following information:
1. Home : Rs. 40,00,000
2. Car : Rs. 3,00,000
3. Car Loan : Rs. 1,00,000
4. Jewellery : Rs. 1,00,000
5. Home loan : Rs. 15,00,000
6. Mutual funds : Rs. 1,00,000
a. Rs. 29,00,000
b. Rs. 61,00,000
c. Rs. 25,00,000
d. None of the above
3. If a farmer takes a loan of Rs. 10,000 at an interest rate of 25% per annum, how long
should he pay Rs. 5,000 to repay the loan and the interest.
a. 24 months
b. 36 months
c. 60 months
d. Forever
4. Insurance can be availed for which of the following?
a. Life
b. Crop
c. Health
d. Home
5. If a Rs. 100 note is damaged, how much % of the note must be presented in order to
claim the full value of the note.
a. More than 50%
b. More than 40%
c. More than 65%
d. 100% of the note
6. If the Central Bank of a country decides to infuse money into the economy by way of
printing currency, what is likely to occur?
a. Goods and services will become cheaper
b. Goods and services will become more expensive
c. Goods and services will remain the same price
7. With prices of goods is increasing every year at 6%, the prices will double in
approximately how many years?
a. 6 years
b. 12 years
c. 10 years
d. 14 years
8. Shreya owns a car and a computer. The car is worth 5,00,000 today and has 10
years of useful life left and the computer is worth 60,000 today and has only 3 years
of useful life remaining. What is the value of goods Shreya will own 4 years from
now.
a. Rs. 5,60,000
b. Rs. 3,00,000
c. Rs. 2,00,000
d. Rs. 1,00,000
9. Ms. Priya is a salaried individual who wants to invest a small amount of money every
month in a low-risk investment avenue. Which of the following will be better suited for
her?
a. Fixed Deposit
b. Recurring Deposit
c. Equity investments
d. Bitcoin investments
10. A cheque will not bounce if
a. There is no signature
b. the date is 2 months old
c. it is not crossed
d. the account number is not written
11. Which of the following can be used for making payments
a. Demand draft
b. National Savings certificate
c. Credit card
d. Cash
12. If a bank has 1,000 depositors, each of whom deposits Rs. 1,000 in the bank under
Fixed Deposit Rate of 6% per annum, and the bank makes 400 loans of Rs. 2,000
each lending at the rate of 8% per annum. In a year how much profit or loss does the
bank make?
a. Rs. 4,000 profit
b. No profit no loss
c. Rs. 4,000 loss
13. Which of the follow is/are types of loans?
a. Overdraft
b. cash credit
c. money spent on credit card
d. money spent on debit card
14. Which of the following are credit information companies in India
a. CIBIL
b. Equifax
c. Cred
d. Experian
15. Kamal decideds to take a new loan for a house. The interest rate of the loan is not
dependent on:
a. Kamal's marital status
b. Kamal's income level
c. Kamal's credit score
d. Kamal's health
16. Which activities will not help you improve your credit score
a. Taking a credit card if you don't have one
b. Utilising atleast 60% of your credit limit on your credit card
c. Reducing your credit limit
d. Paying your bills on time
17. Who regulates the mutual fund industry in India
a. RBI
b. AMFI
c. SEBI
d. Central Bank of India
18. Gold comes under which type of commodity?
a. Bullion
b. Base Metals
c. Energy
d. Agriculture
19. Purchasing securities from different asset classes by experienced investors is
commonly referred to as:
a, Spreading eggs across baskets
b. Segmentation
c. Diversification
d. Basket risk reduction
20. Which of the following factor(s) could be responsible for fluctuations in the stock
market?
a. State elections results
b. Increase in Interest rates
c. Increase in price of pens
d. Hotter summers
