Money Personality Quiz

Welcome to your Money Personality Quiz

You win a jackpot of Rupees 1Cr, what do you do with it?

Make a fixed deposit of it in a bank

Spend it all on shopping

Invest it in the stock market

Pay off your pending bills with it

How much money do you have in your bank account right now?

There is a lot, nothing to worry about

There is almost no money left

Don't have an idea about it

Enough to sustain the upcoming needs

You have recently incurred some loss in business, how is it going to affect your future financial decisions?

Reduce consumption and save enough to compensate the loss

Does not affect your decisions because you understand loss and gain is a part of business and its normal

Invest money in a stock which is likely to give high returns which will compensate the loss

Be careful with future investments

What is your worst nightmare concerning money?

Lose all your savings

You go shopping and discover you have no money left

Money is too small a thing to give nightmares

You are not able to buy essentials and pay bills

You find a really attractive watch in a store which is way out of your budget but you desperately want it

Start saving money for it

Use your savings to buy it

Postpone paying few of the bills to buy the watch

Wait for the price to go down or let it go

The reason you do not have as much money as you would like is

You are too cautious. You miss out on great investments because you do not want to take risks.

You throw it away. You keep buying things you do not really need.

Because the amount of money you have is never enough and you want more

You efficiently utilize your money to sustain all your consumption and paying bills and there's no money left after that

Imagine that six months after making an investment the financial markets start to perform badly. In line with this, your own investment goes down by a significant amount. What would your reaction be?

Transfer your money to a more secure investment product to reduce the risk of further losses.

Take out the money and spend it on something else

Invest more funds to take advantage of the lower price, expecting future growth.

Monitor the investment and wait to see if it improves.

The payday is due tomorrow. What are your thoughts today:

Put them all in the bank for my future and ask my family for my daily expenses

Will go out and party with friends

Make calculations about the amount of money I can spend to meet my target savings

Will pay all my utility bills first

You get an unexpectedly high electric bill. What are your reactions

You panic and blame it on people around you for spending un necessary power

You don't bother and just pay it off

blame the electricity unit for high charges and file a case against them

Go through the details of it to know where you messed up to save it next time around

You urgently need to pay someone a high amount that's not at your disposal currently. What do you do:

Get it as loan from a money lender at healthy interest

Deny the amount to the person you owe and ask him for a fresh lease till you make the money

Borrow it from multiple friends at no interest knowing that such high amount can't be asked from one

Break your FD due to mature in a year knowing that you'll lose all your interest

Your ward gets admission into a renowned college, but you can't make available the admission fee at present. What do you do

Get your ward an education loan to be repaid by them once they become salaried

Request the college for a fee waiver on not so true grounds regarding your financial condition

Pay late fees even if it charges extra fine for late payment

Take a loan from a friend/relative to be paid back by you whenever they ask it back

You live In a cyclone prone area. You purchased your dream house and still have a good surplus amount left. What do you do?

Insure your house

Get a dream interior design to your new house

Buy another house nearby and give it out on rent

Buy another house(Not so expensive) In a safer landlocked area

"There are Three dresses A, B, C that you see online. A- From a renowned brand XX, no compromise in quality and looks. But we'll out of your budget. Returnable as well. B- From a local company YY, gives the best deals and discount .Quality and looks not at par with A. C- From an unknown brand that looks good on photos and is half the price of A. However non refundable. Which one do you buy?"

Dress B

Dress A

Dress C

None

When tipping in a restaurant, you:

Do not give a tip or give a bare min one

Tip whatever your friends suggest. You aren't sure how much to tip.

Tip lavishly. You expect to get the best service in the house next

Tip in accordance with the quality of the service.

You go to the casino for a game of poker.

You sense the possibility of losing more and therefore pull away

You partner with your friend is buying a new bid to half the risk of loss but also half the possible profit

You take a fresh new bid after squandering away the first to make it up

You Don't play a risky game like poker in the first place

Which Factor do you consider before investing?

Safety of Principle

Time

High returns

Low risk

You are finally in vegas,your dream city.Your best friend had already warned you not to gamble there else you will end up in great debt . some stranger tipped you off on how to win in a game. it is an expensive game but in return you get huge amount of cash prize obviously if you win .Will you play it?

Yes

Trading in shares is risky but profitable as well .keeping in mind the fluctuations in share price shares , would you sell shares as soon as it's price rise or keep it invested for a long term to get a higher return on your investment?

Keep

Sell

Mutual funds have a longer-term growth trajectory and will give good returns only after 5-7 years, whereas shares can give you quick returns. What would be your financial strategy in choosing between these two?

Invest in mutual funds

Invest in shares

A leading company is issuing its shares and secured debentures both for the first time in primary market. Debenture promises a fixed rate of interest and security as well whereas shares offer a right in the company and dividend based on company's performance. What would you subscribe for?

Debentures

Equity shares with differential voting rights ensure a higher dividend than those without DVR but doesn't offer a voting right in the company. Would you like to interfere in company's management or just be concerned about the higher rate of dividend?

Interfere in management

Higher dividends

You see an expensive painting in an auction which you don't understand at all but people are claiming it to be brilliant piece of art. Will you buy it ?

Yes

Are you worrried/ anxious about not being able to be completely financially independent?

Yes

What is the Time period you prefer to invest in?

Long Term (>5yrs)

Medium Term(1-5yrs)

Short term(0-1yrs)

What is the source of your investment advice?

Advisors/ Certified Market Professional

Books/Magazines/ Internet

Newspaper/ News Channels

What is your investment objective?

Growth and Income/ Long term growth

Short term growth

Income and capital preservation

If you had money to invest, how much would you be willing to place in an investment with possible high returns but a similar chance of losing some of your money?

None- very little

All

Half

An electric car has been launched and you wish to buy a car but EVs are vey expensive, fuel driven cars are cheaper, what do you do?

Buy a fuel driven car

Buy an electric car

Wait for the electric car's price to fall, if it doesn't, buy fuel car

There is a bank who gives mortgage without even checking an individual's minimum eligibility requirements but the bank doesn't give a clear idea on repaying the amount.You have a decent house but you really want that house in Manhattan,cause why not, it's been your dream. Would you consider taking the loan?

Yes

Try to search for some other bank

You need a loan urgently for a family emergency, where do you go for it?

Bank

NBFC

Local money lenders/ chit fund

If you were to do a startup what kind would it have been in terms of initial investment?

Approached an angel investor

Bootstrapping

Approached an NBFC for funds

Time is Up!

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