Who was the youngest person in the world to appear on a currency note in Canada?
How often does the NAV of mutual funds change?
Which is the world's oldest surviving bank?
Take this fun quiz and test your financial trivia gyaan.
1. If you are in Singapore, in which currency do you pay the taxi driver? 1. Singapore Rupiah 2. Singapore Dollar 3. Singapore Rupee
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Courtesy:
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Wrong! The correct answer is Singapore Dollar Singapore Dollar is the currency of Singapore. The Singapore Dollar is made up of 100 cents and is often presented with the symbol S$ to set it apart from other dollar-based currencies. In Singapore, the dollar is also known as the 'Sing'.
Correct! Singapore Dollar is the currency of Singapore. The Singapore Dollar is made up of 100 cents and is often presented with the symbol S$ to set it apart from other dollar-based currencies. In Singapore, the dollar is also known as the 'Sing'.
2. NYSE is an acronym for...
Last updated on: April 14, 2014 12:35 IST
1. New York Securities Exchange 2. New York Stock Exchange 3. New York Script Exchange
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Wrong! The correct answer is New York Stock Exchange NYSE is an acronym for New York Stock Exchange based in New York City. It is considered the largest equities-based exchange in the world based on total market capitalisation of its listed securities. It is also known as the 'Big Board'.
Correct! NYSE is an acronym for New York Stock Exchange based in New York City. It is considered the largest equities-based exchange in the world based on total market capitalisation of its listed securities. It is also known as the 'Big Board'.
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3. In the context of mutual funds, SIP stands for...
Last updated on: April 14, 2014 12:35 IST
1. Special Income Plan 2. Systematic Investment Plan 3. Special Insurance Plan
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Wrong! The correct answer is Systematic Investment Plan SIP stands for Systematic Investment Plan. SIP is a simple method that helps you invest money regularly. It is just like a recurring deposit where you put in a fixed amount every month. Thus, it helps inculcate the good habit of disciplined investing.
Correct! SIP stands for Systematic Investment Plan. SIP is a simple method that helps you invest money regularly. It is just like a recurring deposit where you put in a fixed amount every month. Thus, it helps inculcate the good habit of disciplined investing.
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4. ADR stands for...
Last updated on: April 14, 2014 12:35 IST
1. Asian Debt Record 2. Asian Depository Receipts 3. American Depository Receipts
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Wrong! The correct answer is American Depository Receipts ADR stands for 'American Depositary Receipt'. It is a negotiable certificate issued by a US bank representing a specified number of shares (or one share) in a foreign stock that is traded on a US exchange. ADRs are denominated in US dollars, with the underlying security held by a US financial institution overseas.
Correct! ADR stands for 'American Depositary Receipt'. It is a negotiable certificate issued by a US bank representing a specified number of shares (or one share) in a foreign stock that is traded on a US exchange. ADRs are denominated in US dollars, with the underlying security held by a US financial institution overseas.
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5. In the context of mutual funds, ELSS stands for
Last updated on: April 14, 2014 12:35 IST
1. Endowment Linked Savings Scheme 2. Equity Linked Savings Scheme 3. Established Line Savings Scheme
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Wrong! The correct answer is Equity Linked Savings Scheme Equity Linked Saving Schemes or ELSS are among the options that are eligible for tax benefits under Section 80C. An ELSS is a diversified equity mutual fund which has a majority of the corpus invested in equities. This type of mutual fund has a lock in period of 3 years from the date of investment.
Correct! Equity Linked Saving Schemes or ELSS are among the options that are eligible for tax benefits under Section 80C. An ELSS is a diversified equity mutual fund which has a majority of the corpus invested in equities. This type of mutual fund has a lock in period of 3 years from the date of investment.
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6. How often does the NAV of mutual funds change?
Last updated on: April 14, 2014 12:35 IST
1. Hourly 2. By the end of each trading day 3. Monthly
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Wrong! The correct answer is By the end of each trading day The Net asset value (NAV) represents a fund's per unit market value. This is the price at which investors buy and sell units. It is derived by dividing the total value of all the cash and securities in a fund's portfolio, less any liabilities, by the number of shares outstanding. An NAV computation is undertaken once at the end of each trading day based on the closing market prices of the portfolio's securities.
Correct! The Net asset value (NAV) represents a fund's per unit market value. This is the price at which investors buy and sell units. It is derived by dividing the total value of all the cash and securities in a fund's portfolio, less any liabilities, by the number of shares outstanding. An NAV computation is undertaken once at the end of each trading day based on the closing market prices of the portfolio's securities.
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7. Which is the world's oldest surviving bank?
Last updated on: April 14, 2014 12:35 IST
1. Berenberg Bank 2. Monte dei Paschi di Siena 3. Barclays
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Wrong! The correct answer is Monte dei Paschi di Siena Banca Monte dei Paschi di Siena S.p.A. is the oldest surviving bank in the world and Italy's third largest bank. Founded in 1472 by the magistrate of the city state of Siena, Italy, as a 'mount of piety', it has been operating ever since.
Correct! Banca Monte dei Paschi di Siena S.p.A. is the oldest surviving bank in the world and Italy's third largest bank. Founded in 1472 by the magistrate of the city state of Siena, Italy, as a 'mount of piety', it has been operating ever since.
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8. When was the Reserve Bank of India established?
Last updated on: April 14, 2014 12:35 IST
1. April 1, 1935 2. August 15, 1947 3. January 26, 1950
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Wrong! The correct answer is April 1, 1935 The Reserve Bank of India (RBI) is India's central banking institution, which controls the monetary policy of the Indian rupee. It was established on April 1, 1935 during the British Raj in accordance with the provisions of the Reserve Bank of India Act, 1934.
Correct! The Reserve Bank of India (RBI) is India's central banking institution, which controls the monetary policy of the Indian rupee. It was established on April 1, 1935 during the British Raj in accordance with the provisions of the Reserve Bank of India Act, 1934.
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9. Which was the first company to issue stock?
Last updated on: April 14, 2014 12:35 IST
1. Dutch East India Company 2. Bank of New York 3. New York Gas Light
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Wrong! The correct answer is Dutch East India Company The Dutch East India Company undertook the world's first IPO and, therefore, became the first public company to issue stock.
Correct! The Dutch East India Company undertook the world's first IPO and, therefore, became the first public company to issue stock.
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10. Who was the youngest person to appear on a currency note in Canada?
Last updated on: April 14, 2014 12:35 IST
1.King George 2. Prince Phillip 3. Queen Elizabeth II
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Wrong! The correct answer is Queen Elizabeth II From Australia to Trinidad and Tobago, Queen Elizabeth II's portrait has graced the currencies of 33 different countries. Canada was the first to use the British monarch's image, in 1935, when it printed the 9-year-old Princess on its $20 notes.
Correct! From Australia to Trinidad and Tobago, Queen Elizabeth II's portrait has graced the currencies of 33 different countries. Canada was the first to use the British monarch's image, in 1935, when it printed the 9-year-old Princess on its $20 notes.
