FINANCIAL LITERACY

FINANCIAL LITERACY

Professional Development

9 Qs

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FINANCIAL LITERACY

FINANCIAL LITERACY

Assessment

Quiz

Professional Development

Professional Development

Easy

Created by

Amrita Kumar

Used 1+ times

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9 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of CPF

To provide unemployment benefits

To help with savings for retirement

To fund govt infrastructure

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the 50-30-20 rule?

50% needs, 30% wants,20% savings

20% needs, 50% wants,30% savings

30% needs, 20% wants,30% savings

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is CPF

Citizens Provident Fund

Central Provident Fund

Capital Pension Funds

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What comes under short term budgeting?

Property Purchase

School notes

Entertainment

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Full Form of OA

Ordinary Account

Official Account

Outstanding Assets

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a tax relief available for CPF contributions?

CPF live relief

CPF top up relief

CPF voluntary relief

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term diversification mean?

Spreading investments across various assets

Putting all savings in fixed deposits

Investing in only one sector

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is a benefit of SRS?

Tax deducutions on contributions

Unlimited Withdrawls

No contribution limit

9.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Transport fares are going up in December. How much are journeys going to increase by? (Adult fare)

10 cents

5 cents

2 cents

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