Financial Literacy Quiz

If your monthly income is ₹30,000 and your expenses are ₹24,000, what does the remaining amount represent?

Which expense is most likely to change every month?

Paying the minimum due on a credit card mainly results in:

Which option usually offers better long-term returns?

What is the main purpose of an emergency fund?

Why is diversification important in personal investments?

Which of the following best improves a person’s credit score?

Which situation best describes opportunity cost?

A higher interest rate on a loan means:

If your income increases but your savings stay the same, what does it indicate?

Which factor most affects the total cost of a loan?

Which of the following is an example of passive income?

Why is insurance important in financial planning?

Which habit helps most in achieving long-term financial goals?

What does a higher credit utilization ratio indicate?