Fi­nan­cial lit­er­acy

Business Standard - - YOUR MONEY - Jayant Pai The quiz master is head - mar­ket­ing, PPFAS Mu­tual Fund Send your queries and feed­back at yourmoney@bs­

1. What does the term seignior­age refers to in case of print­ing of cur­rency notes?

A. The in­trin­sic value less the cost of pro­duc­tion

B. Cost of pro­duc­tion less in­trin­sic value

C. Do­mes­tic cur­rency value less for­eign cur­rency value D. In­fla­tion-ad­justed cur­rency value

2. Usu­ally, losses can­not be car­ried for­ward if one files a de­layed in­come tax re­turn. The only ex­cep­tion is _____ . A. Busi­ness losses

B. Loss from house prop­erty

C. Short-term cap­i­tal loss

D. Long-term cap­i­tal loss

3. When a mar­ried cou­ple jointly bor­rows for a home loan in the ra­tio of 50:50 while the wife has full own­er­ship of the house, each can en­joy in­come tax re­bate in the ra­tio of __________.

A. Own­er­ship

B. Bor­row­ing

C. Any­one, at the bor­rower's dis­cre­tion

D. The re­spec­tive as­sessee's in­come

4. A holo­graphic Will is an­other term for a ________.

A. Will bear­ing a holo­gram

B. Will bear­ing a water­mark

C. Will that can­not be mod­i­fied

D. Will that is hand­writ­ten

5. The hold-out prob­lem is most acute in which of these fol­low­ing trans­ac­tions?

A. Peer-to-peer lend­ing

B. Land ac­qui­si­tion

C. E-com­merce

D. Fund trans­fers

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