← Money Basics: Budget and Emergency Fund

Quick quiz: Money Basics: Budget and Emergency Fund

5 questions. No time limit. See how much you have understood; your answers are explained at the end.

1. In the 50-30-20 guide, what is the 20% for? Savings and protection Shopping Rent Holidays

2. How much should an emergency fund usually be? About 6 months of household expenses One week of salary Whatever is left in the account Exactly ₹10,000

3. Where is it sensible to keep an emergency fund? Somewhere safe and easy to withdraw, like a savings account or liquid fund In shares that can fall sharply Lent to a friend In a 15-year locked scheme

4. What is the best time to save? On salary day, before spending At the end of the month, from what is left Only during festivals Only after buying a car

5. Why is an emergency fund important? So you don't have to break investments or take costly loans in a crisis It gives very high returns It replaces health insurance It is needed to open a bank account

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