1. What did France’s new PM announce about pension reforms?

A) Complete revocation of reforms
B) Plans for renegotiation of pension reforms
C) Introduction of stricter pension guidelines
D) Increase in the retirement age

Answer: B) Plans for renegotiation of pension reforms
Explanation: The PM announced plans to revisit contested pension reforms, addressing widespread public concerns.

2. How are Americans planning to improve their finances in 2025?

A) By eliminating all debt
B) By adopting better money habits
C) By investing in cryptocurrency
D) By avoiding new purchases

Answer: B) By adopting better money habits
Explanation: Surveys reveal that 65% of Americans aim to enhance their financial stability through improved budgeting and spending habits.

3. What is a key focus of the “Asaan Karobar Loan”?

A) Large business investments
B) Financial inclusion for small entrepreneurs
C) Tax incentives for corporations
D) Free loans for all citizens

Answer: B) Financial inclusion for small entrepreneurs
Explanation: The scheme aims to provide accessible financing for small business owners to grow their enterprises.

4. What caused the controversy surrounding pension funds recently?

A) Mismanagement of funds
B) Shift towards cryptocurrency investments
C) Failure to meet payout deadlines
D) Reduction in benefits

Answer: B) Shift towards cryptocurrency investments
Explanation: Some funds are exploring crypto assets, raising questions about risk and regulatory oversight.

5. Why are annuities becoming popular again?

A) Rising inflation rates
B) Increased annuity rates
C) Global pension fund reforms
D) Availability of government subsidies

Answer: B) Increased annuity rates
Explanation: Higher rates are making annuities an attractive option for retirees seeking steady income.

6. What has Warren Buffett advised against?

A) Investing in real estate
B) Making impulsive stock purchases
C) Saving too aggressively
D) Avoiding dividend-paying stocks

Answer: B) Making impulsive stock purchases
Explanation: Buffett emphasizes patience and research, advising against hasty financial decisions.

7. What challenge does the “No-Buy Challenge” address?

A) Over-reliance on credit cards
B) Environmental sustainability
C) Overspending habits
D) Lack of financial planning tools

Answer: C) Overspending habits
Explanation: The challenge promotes mindful spending and helps individuals build healthier financial habits.

8. Why is financial education for children important?

A) To prepare them for investment opportunities
B) To foster early habits of saving and budgeting
C) To reduce reliance on parents
D) To ensure they avoid debt in college

Answer: B) To foster early habits of saving and budgeting
Explanation: Teaching children financial literacy helps them develop skills for a secure future.

9. How can AI assist with financial planning?

A) By making personalized investment decisions
B) By replacing financial advisors entirely
C) By automating complex banking tasks
D) By offering basic advice and budgeting tools

Answer: D) By offering basic advice and budgeting tools
Explanation: AI tools simplify financial planning for individuals living paycheck to paycheck.

10. What recent shift is seen in UK pension reforms?

A) Elimination of mandatory contributions
B) Introduction of a “megafund” scale test
C) Relaxation of retirement age rules
D) Focus on private pension growth

Answer: B) Introduction of a “megafund” scale test
Explanation: The scale test evaluates fund efficiency, though it faces criticism from councils.