SAMPLE QUESTIONS

CLASS 9-10

1) A Rs 1,000 investment would grow to Rs 2,000 in ___ years if it generates a compound

annual return of 6%.
(a) 10 (b) 12 © 16 (d) 20

2) If inflation grows at 8%, purchasing power would come down by half in ______ years
(a) 9 (b) 8 © 12 (d) 6

3) If you hold stocks for less than one year AND you make a profit, you will pay
(a) long-term capital gains tax (b) short-term capital gains tax © zero tax (d) stock market
tax

4) When you purchase an iPhone from an Apple store, you pay _______
(a) Income tax (b) GST © sales tax (d) capital gains tax

5) Inflation makes the poor better off because they own assets that go up in price due to
inflation.
(a) True (b) False

6) A. Inflation can be considered a tax on the wealthy

B. Inflation increases the purchasing power of people

(a) Only statement A is True

(b) Only statement B is True
(c) Both the statements are True
(d) Neither statement is True

7) Holding stocks for less than one year allows the compounding to work in your favor
(a) True (b) False

8) Which of the following compounds over time

(a) Value of your car (b) money in stocks © value of your mobile phone (d) money in a
piggy bank

9) If there is high inflation, savings in banks will erode our purchasing power
(a) True (b) False

10) A. Higher returns in investments come with higher risk

B. There is no investment without risk

(a) Only statement A is True

 (b) Only statement B is True
(c) Both the statements are True
(d) Neither statement is True

11) Which of the following electronic transfer systems has the highest minimum limit?
(a) RTGS (b) NEFT © UPI (d) IMPS

12) Which of the following electronic transfers has the lowest maximum limit?
(a) UPI (b) NEFT © IMPS (d) RTGS

13) When you want to transfer large sums of money without incurring any fee, you will use
(a) UPI (b) NEFT © IMPS (d) RTGS

14) Which of the following uses an MMID to transfer money?

(a) UPI (b) NEFT © IMPS (d) RTGS

15) HTTPS protocol is less secure than the HTTP protocol

(a) True (b) False

16) Phishing websites show a lock next to their URL to prove that they are secure
(a) True (b) False

17) Which of the following transfers cannot be done using the IFSC code and account
number?
(a) UPI (b) NEFT © RTGS (d) IMPS

18) You can use your ICICI ATM card on an SBI ATM machine
(a) True (b) False

19) Which of the following is an intaglio identification mark on a 50 Rupee note?

(a) Circle (b) triangle © diamond (d) square

20) Simple interest on a fixed deposit of Rs1,000 held for one year at an annual interest
rate of 3% is _______
(a) Rs 200 (b) Rs 300 © Rs 30 (d) Rs 100