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Rediff.com » Getahead » Trivia quiz! What is the currency of Singapore?

This article was first published 10 years ago

Trivia quiz! What is the currency of Singapore?

Last updated on: April 14, 2014 12:35 IST

Image: Children cool off at a park during a warm day in Singapore
Photographs: Edgar Su/Reuters

Who was the youngest person in the world to appear on a currency note in Canada?

How often does the NAV of mutual funds change?

Which is the world's oldest surviving bank?

Take this fun quiz and test your financial trivia gyaan.

1. If you are in Singapore, in which currency do you pay the taxi driver?
1. Singapore Rupiah
2. Singapore Dollar
3. Singapore Rupee

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Courtesy:

Wrong! Try again..

Wrong!
The correct answer is Singapore Dollar
Singapore Dollar is the currency of Singapore. The Singapore Dollar is made up of 100 cents and is often presented with the symbol S$ to set it apart from other dollar-based currencies. In Singapore, the dollar is also known as the 'Sing'.

Correct!
Singapore Dollar is the currency of Singapore. The Singapore Dollar is made up of 100 cents and is often presented with the symbol S$ to set it apart from other dollar-based currencies. In Singapore, the dollar is also known as the 'Sing'.

Tags: Singapore Rupee , NAV , Singapore Rupiah , Canada

2. NYSE is an acronym for...

Image: People walk in front of the NYSE
Photographs: Mario Tama/Getty Images

1. New York Securities Exchange
2. New York Stock Exchange
3. New York Script Exchange

Wrong! Try again..

Wrong!
The correct answer is New York Stock Exchange
NYSE is an acronym for New York Stock Exchange based in New York City. It is considered the largest equities-based exchange in the world based on total market capitalisation of its listed securities. It is also known as the 'Big Board'.

Correct!
NYSE is an acronym for New York Stock Exchange based in New York City. It is considered the largest equities-based exchange in the world based on total market capitalisation of its listed securities. It is also known as the 'Big Board'.

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Tags: New York Securities Exchange , New York Stock Exchange , New York City , Big Board , New York Script Exchange

3. In the context of mutual funds, SIP stands for...

Photographs: Dominic Xavier/Rediff.com

1. Special Income Plan
2. Systematic Investment Plan
3. Special Insurance Plan

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Wrong!
The correct answer is Systematic Investment Plan
SIP stands for Systematic Investment Plan. SIP is a simple method that helps you invest money regularly. It is just like a recurring deposit where you put in a fixed amount every month. Thus, it helps inculcate the good habit of disciplined investing.

Correct!
SIP stands for Systematic Investment Plan. SIP is a simple method that helps you invest money regularly. It is just like a recurring deposit where you put in a fixed amount every month. Thus, it helps inculcate the good habit of disciplined investing.

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Tags: Special Income Plan , Systematic Investment Plan

4. ADR stands for...

Image: The NASDAQ stock exchange where ADRs issued by many Indian companies are traded
Photographs: Stephen Chernin/Getty Images

1. Asian Debt Record
2. Asian Depository Receipts
3. American Depository Receipts

Wrong! Try again..

Wrong!
The correct answer is American Depository Receipts
ADR stands for 'American Depositary Receipt'. It is a negotiable certificate issued by a US bank representing a specified number of shares (or one share) in a foreign stock that is traded on a US exchange. ADRs are denominated in US dollars, with the underlying security held by a US financial institution overseas.

Correct!
ADR stands for 'American Depositary Receipt'. It is a negotiable certificate issued by a US bank representing a specified number of shares (or one share) in a foreign stock that is traded on a US exchange. ADRs are denominated in US dollars, with the underlying security held by a US financial institution overseas.

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Tags: US , ADR

5. In the context of mutual funds, ELSS stands for

Photographs: Rediff Archives

1. Endowment Linked Savings Scheme
2. Equity Linked Savings Scheme
3. Established Line Savings Scheme

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Wrong!
The correct answer is Equity Linked Savings Scheme
Equity Linked Saving Schemes or ELSS are among the options that are eligible for tax benefits under Section 80C. An ELSS is a diversified equity mutual fund which has a majority of the corpus invested in equities. This type of mutual fund has a lock in period of 3 years from the date of investment.

Correct!
Equity Linked Saving Schemes or ELSS are among the options that are eligible for tax benefits under Section 80C. An ELSS is a diversified equity mutual fund which has a majority of the corpus invested in equities. This type of mutual fund has a lock in period of 3 years from the date of investment.

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Tags: Endowment Linked Savings Scheme , Established Line Savings Scheme , Equity Linked Savings Scheme

6. How often does the NAV of mutual funds change?

Photographs: Dominic Xavier/Rediff.com

1. Hourly
2. By the end of each trading day
3. Monthly

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Wrong!
The correct answer is By the end of each trading day
The Net asset value (NAV) represents a fund's per unit market value. This is the price at which investors buy and sell units. It is derived by dividing the total value of all the cash and securities in a fund's portfolio, less any liabilities, by the number of shares outstanding. An NAV computation is undertaken once at the end of each trading day based on the closing market prices of the portfolio's securities.

Correct!
The Net asset value (NAV) represents a fund's per unit market value. This is the price at which investors buy and sell units. It is derived by dividing the total value of all the cash and securities in a fund's portfolio, less any liabilities, by the number of shares outstanding. An NAV computation is undertaken once at the end of each trading day based on the closing market prices of the portfolio's securities.

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Tags: NAV

7. Which is the world's oldest surviving bank?

Image: Customers walk towards the entrance of a branch of the world's oldest surviving bank
Photographs: Marco Secchi/Getty Images

1. Berenberg Bank
2. Monte dei Paschi di Siena
3. Barclays

Wrong! Try again..

Wrong!
The correct answer is Monte dei Paschi di Siena
Banca Monte dei Paschi di Siena S.p.A. is the oldest surviving bank in the world and Italy's third largest bank. Founded in 1472 by the magistrate of the city state of Siena, Italy, as a 'mount of piety', it has been operating ever since.

Correct!
Banca Monte dei Paschi di Siena S.p.A. is the oldest surviving bank in the world and Italy's third largest bank. Founded in 1472 by the magistrate of the city state of Siena, Italy, as a 'mount of piety', it has been operating ever since.

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Tags: SienaBanca Monte dei Paschi di Siena , Banca Monte dei Paschi di Siena , Italy , Berenberg Bank

8. When was the Reserve Bank of India established?

Image: People walk in front of the Reserve Bank of India (RBI) building in Kolkata
Photographs: Rupak De Chowdhuri/Reuters

1. April 1, 1935
2. August 15, 1947
3. January 26, 1950

Wrong! Try again..

Wrong!
The correct answer is April 1, 1935
The Reserve Bank of India (RBI) is India's central banking institution, which controls the monetary policy of the Indian rupee. It was established on April 1, 1935 during the British Raj in accordance with the provisions of the Reserve Bank of India Act, 1934.

Correct!
The Reserve Bank of India (RBI) is India's central banking institution, which controls the monetary policy of the Indian rupee. It was established on April 1, 1935 during the British Raj in accordance with the provisions of the Reserve Bank of India Act, 1934.

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Tags: Reserve Bank of India Act , RBI

9. Which was the first company to issue stock?

Image: Spectator craft escort the Duyfken as she leaves Sydney harbour on her 18,000-nautical mile voyage to The Netherlands
Photographs: Mark Baker/Reuters

1. Dutch East India Company
2. Bank of New York
3. New York Gas Light

Wrong! Try again..

Wrong!
The correct answer is Dutch East India Company
The Dutch East India Company undertook the world's first IPO and, therefore, became the first public company to issue stock.

Correct!
The Dutch East India Company undertook the world's first IPO and, therefore, became the first public company to issue stock.

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Tags: CompanyThe Dutch East India Company , IPO , Bank of New York

10. Who was the youngest person to appear on a currency note in Canada?

Image: A user inserts Canadian currency into the world's first bitcoin ATM in exchange for bitcoins ATM at Waves Coffee House on October 29, 2013 in Vancouver, British Columbia, Canada.
Photographs: David Ryder/Getty Images

1.King George
2. Prince Phillip
3. Queen Elizabeth II

Wrong! Try again..

Wrong!
The correct answer is Queen Elizabeth II
From Australia to Trinidad and Tobago, Queen Elizabeth II's portrait has graced the currencies of 33 different countries. Canada was the first to use the British monarch's image, in 1935, when it printed the 9-year-old Princess on its $20 notes.

Correct!
From Australia to Trinidad and Tobago, Queen Elizabeth II's portrait has graced the currencies of 33 different countries. Canada was the first to use the British monarch's image, in 1935, when it printed the 9-year-old Princess on its $20 notes.

Tags: Queen Elizabeth II , Trinidad and Tobago , Canada , George , Australia

Trivia quiz! What is the currency of Singapore?

2. NYSE is an acronym for...

3. In the context of mutual funds, SIP stands for...

4. ADR stands for...

5. In the context of mutual funds, ELSS stands for

6. How often does the NAV of mutual funds change?

7. Which is the world's oldest surviving bank?

8. When was the Reserve Bank of India established?

9. Which was the first company to issue stock?

10. Who was the youngest person to appear on a currency note in Canada?

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