Podcast
Questions and Answers
What does the rule of 72 indicate?
What does the rule of 72 indicate?
- Time taken for your money to double (correct)
- Time taken for your money to halve
- Time taken for your money to multiply by five
- Time taken for your money to triple
Which regulatory body can you approach in case of a problem with non-receipt of dividend?
Which regulatory body can you approach in case of a problem with non-receipt of dividend?
- Securities and Exchange Board of India (SEBI) (correct)
- Pension Fund Regulatory and Development Authority (PFRD)
- Ministry of Corporate Affairs (MCA)
- Reserve Bank of India (RBI)
What type of email is it when you are asked to provide personal and financial information to claim a prize?
What type of email is it when you are asked to provide personal and financial information to claim a prize?
- Spam email
- Mass marketing email
- Phishing email (correct)
- Marketing email
What type of investments are suitable for short term needs?
What type of investments are suitable for short term needs?
What concept in investing does Systematic Investment Plan (SIP) help with?
What concept in investing does Systematic Investment Plan (SIP) help with?
Which type of insurance is mandatory by law?
Which type of insurance is mandatory by law?
How can a listed company raise money for expansion through issue of additional shares?
How can a listed company raise money for expansion through issue of additional shares?
Why is KYC mandatory while opening accounts under the Prevention of Money Laundering Act 2002?
Why is KYC mandatory while opening accounts under the Prevention of Money Laundering Act 2002?
What does the rule of 72 help you calculate?
What does the rule of 72 help you calculate?
What is the main purpose of Systematic Investment Plan (SIP)?
What is the main purpose of Systematic Investment Plan (SIP)?
Which of the following is NOT a type of Life Insurance product?
Which of the following is NOT a type of Life Insurance product?
Which organization is responsible for regulating the securities market in India?
Which organization is responsible for regulating the securities market in India?
What is associated with the term “Equated Monthly Installment” (EMI)?
What is associated with the term “Equated Monthly Installment” (EMI)?
Which of the following is a secured loan?
Which of the following is a secured loan?
What is the process of launching a New Mutual Fund scheme known as?
What is the process of launching a New Mutual Fund scheme known as?
What type of mutual fund scheme should you consider for surplus money needed in 30-45 days?
What type of mutual fund scheme should you consider for surplus money needed in 30-45 days?
What concept does the proverb 'Do not put all your eggs in one basket' refer to?
What concept does the proverb 'Do not put all your eggs in one basket' refer to?
What should investors do if they find discrepancies in documents?
What should investors do if they find discrepancies in documents?
Which of the following is not an investment product?
Which of the following is not an investment product?
What is the main advantage of ETFs over regular Mutual Funds?
What is the main advantage of ETFs over regular Mutual Funds?
What does the principle of 'Time value of Money' mean?
What does the principle of 'Time value of Money' mean?
What is the relationship between inflation and the value of money?
What is the relationship between inflation and the value of money?
What is the term for buying an insurance policy from an insurance company?
What is the term for buying an insurance policy from an insurance company?
What do liabilities refer to in financial terms?
What do liabilities refer to in financial terms?
Flashcards are hidden until you start studying
Study Notes
Investment and Finance
- For short-term needs, investments should be made in low-risk products.
- A listed company can raise money for expansion through a rights issue or follow-on public offering (FPO).
Public Issues
- A company can issue additional shares through a rights issue or FPO.
- Bonus issue or stock split is not a way to raise money for expansion.
KYC
- KYC (Know Your Customer) is mandatory while opening accounts under the Prevention of Money Laundering Act 2002.
- The purpose of KYC is to prevent illegal trading activities.
Insurance
- Marine Insurance is not a type of life insurance product.
- Term insurance, whole life insurance, and endowment policy are types of life insurance products.
Loans and EMI
- Equated Monthly Installment (EMI) is associated with a home loan.
- EMI is not associated with an ATM card, credit score, or savings account.
- A home loan is a secured loan, whereas a credit card rollover debt is not.
Mutual Funds
- A New Fund Offer (NFO) is the process of launching a new mutual fund scheme.
- Liquid funds are suitable for investments with a short-term horizon of 30-45 days.
Financial Concepts
- The rule of 72 indicates the approximate time taken for money to double at a given interest rate.
- Systematic Investment Plan (SIP) helps with rupee cost averaging.
- Diversification is the investment concept referred to by the proverb "Do not put all your eggs in one basket."
Insurance and Liability
- Third-party liability under motor insurance is necessary by law.
- Liabilities refer to money owed by a person.
Miscellaneous
- Phishing is a type of email that asks for personal details, such as name, address, bank account number, and net banking password.
- Ayushman Bharat provides healthcare facilities to poor families.
- Time value of money means that a certain amount of money today is worth more than the same amount of money in the future.
- Buying an insurance policy is an example of risk transfer.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
