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Friday, September 22, 2017

Financial awareness - planning helps

Win Rs. 500 BookMyShow Cash - Fortnightly.. now you can participate till 9 am on 3rd october!!

Rs. 250 PayTM Cash for participants who participate 5 quiz consecutively and given right answers, and not won the fortnightly prize. Entry for the quiz closes on 30th Sep, winner will be announced by 3rd October

About the quiz - (You need to do all 4 steps correctly to be eligible for the prize)

To participate, you need to do the following - 

1. Follow the blog mymoneystreets
2. Like this on Twitter page , tag two friends and retweet (LINK) use #IamFinanciallyAware #mymoneystreets 
3. Post the answers in comments section in the post
4. Only one entry from one participant

The winner will be chosen with a lottery from all the correct answers, and contacted.

(Only Indian participants)

Quiz : 

1. Which of the following investment does not comes under 80c purview?

a) Tuition fees  b) Premium for life insurance policy c)interest repayment for housing loan d) principal repayment towards housing loan

2. The returns earned from equity mutual funds are tax free if the investment held for minimum of - 
a) 6 Months b) 1 year c) 2 year d) 3 years

3. What is contingency fund - 
a) Money kept aside for travel and movies
b) Fund for Tuition fees
c) Money kept aside for emergency situations like accident/ sudden illness/ job loss
d) None of the above

4. You should start saving money - 
a) As soon as you start earning
b) After marriage
c) When you need a downpayment of some loan
d) When your child grow up

5) SIP (Systematic Investment plan) in equity mutual fund helps in - 
a) Investing in discipline manner
b) Help fighting market volatility
c) Create wealth over long term
d) All of the above

6) What is a pure life insurance?
a) Term plan
b) Savings plan
c) Guaranteed plan
d) ULIP Plan

** End**

NPCI the enabler of India's dream of less cash society

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