🧠 Finance 101 Quiz (2025 Edition)

Think you're financially savvy? From budgeting to investing, this quiz will challenge your personal finance IQ.

📋 Instructions

Which of the following is considered a fixed expense?
A) Groceries
B) Rent
C) Dining out
D) Clothing
What does “SIP” stand for in mutual fund investing?
A) Secure Income Plan
B) Systematic Investment Plan
C) Single Investment Program
D) Structured Insurance Portfolio
If you earn ₹50,000/month and save ₹10,000, what’s your savings rate?
A) 10%
B) 15%
C) 20%
D) 25%
Which tax-saving section covers PPF, LIC, ELSS, etc.?
A) Section 24B
B) Section 80D
C) Section 80C
D) Section 10(10D)
What is a good rule of thumb for emergency funds?
A) 1 month of expenses
B) 3–6 months of expenses
C) ₹10,000 fixed
D) 10% of income
Which of the following is NOT a type of insurance?
A) Health
B) Vehicle
C) Mobile Data
D) Life
What does “compound interest” mean?
A) Interest only on the principal
B) Interest on principal + previous interest
C) Taxed interest
D) Declining value over time
Which investment has the highest risk?
A) Fixed Deposit
B) Savings Account
C) Mutual Fund
D) Equity Shares
What is a credit score used for?
A) Paying taxes
B) Checking salary eligibility
C) Assessing loan repayment ability
D) Calculating insurance premium
Which digital platform is widely used in India for UPI payments?
A) Mobikwik
B) GPay
C) Freecharge
D) Zerodha