Personal Finance Quiz - By Jagoinvestor
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1. If you have a bad remark in your cibil report ? What is the maximum tenure it will be there and after that it will be removed ? *
2. CIBIL score is calculated based on past how many years credit history ? *
3. The money you withdraw from your Endowment policy after the 3 yrs lock in period is Tax Free *
4. If EMI for 20 yrs - EMI for 25 yrs = EMI for 25 yrs - EMI for X yrs , what is X *
5. Ajay bought a house in Nov 2011 and paid stamp duty of Rs 50,000. Now its June 2012, and his friend recently told him that stamp duty can be claimed under sec 80C. How much of Stamp duty out of 50,000 paid can be claim now ? *
 
6. Father creates a Fixed Deposit on his child name for Rs 10,000 @10% interest rate. Next year who will pay the tax on the interest amount of Rs 1,000 , if child has no other income source *
7. Ajay's age is 25 yrs right now , His birthday is coming next month, but he will not be able to take his term plan before 3 months, Why should he worry ! *
8. Ajay sold his land after 9 yrs, but still suffered a capital loss of Rs 8 lacs, In order to save the tax on that,  Ajay had also bought some shares 2 months back which have appreciate a lot . He sold them at a profit of Rs 3 lacs, Which option is correct now? *
9. You can file an RTI and get information in respect to ? *
10 Ajay family consists of Brother, Wife and Mother. Ajay holds a Demat account (nominee is brother)  and a Joint bank account with wife (nominee is mother) . Now Ajay and his brother both died in an accident , Ajay had not written any WILL . Which of the following is true ? *
How many of your answers do you think are 100% correct ? *
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