Finance Quiz

Suppose you put Rs.200 into a bank account at the annual interest rate of 17%. How much money will this deposit be worth in one year?

• Rs.234

• Rs.2345

• Rs.217

• Rs.200

Suppose you put Rs.1000 into a bank account at the annual interest rate of 7%. How much money will this deposit be worth in one year?

• Rs.1070

• Rs.1170

• Rs.1007

• Rs.1117

Suppose you put Rs.500 into a bank account at the annual interest rate of 7%. How much money will this deposit be worth in ten year?

• Rs.535

• Rs.507

• Rs.984

A one-year investment is certain to pay £525. If the annual risk-free interest rate is 5%, what is the present value of the payment on the day of the investment?

• £500

• £505

• £515

• £520

A one-year investment is certain to pay Rs.1025. If the annual risk-free interest rate is 2.5%, what is the present value of the payment on the day of the investment?

• Rs.1000

• Rs.1002

• Rs.1020

• Rs.1005

A one-year investment is certain to pay £102.5. If the annual risk-free interest rate is 5%, what is the present value of the payment on the day of the investment?

• £100

• £102

• £100.50

• £101.25

Today you invest Rs.6,000. What will be the value of this investment one year from now if the annual interest rate is 6.06%?

• Rs.7600.36

• Rs.7010.36

• Rs.6000.36

• Rs.6363.6%

You deposit some money in a savings account offering an annual percentage rate of 7%, compounded semi-annually. What is the effective annual rate (EAR) that your investment will earn?

• 7.12%

• 14.14%

• 7%

• 6.99%

You are evaluating to buy a house worth 1100 sqft. The rate is Rs. 10000 per sqft. Before you make the purchase decision you want to understand the EMI obligations. You can take loan for buying this house. The housing loan is available at 6.75% for a 20 years tenure. The bank keeps 20% of the value as MOS while granting loan. Based on the information calculate the loan amount.

• Rs.1,10,00,000

• Rs. 88,00,000

• Rs. 80,00,000

• Rs. 88,88,888

Ajay has saved made a retirement corpus worth 10 cr. If he is intending to withdraw a sum of 50 lakhs per annum for his living expenses, how long the fund would last? If the corpus is invested at the interest rate of 8.5%.

• 25 years

• 30 years

• 22.5 years

• None of these