Name of the Organisation : Eduheal Foundation
Name of the Exam : BIFO BSE International Finance Olympiad
Document Type : Sample Papers
Category : Class I – XII
Website : http://www.eduhealfoundation.org/
Download Model/Sample Question Papers:
Class 9 to 12 : https://www.pdfquestion.in/uploads/13636-FinancialOlympiad.pdf
Sample Paper : https://www.pdfquestion.in/uploads/13636-sample_question.pdf
BIFO BSE International Finance Olympiad Sample Paper :
Q.1. What does a percentage represent ?
(a) All part of a hundred
(b) Some part of a hundred *
(c) Some part of thousand
(d) None of these
Related : Eduheal Foundation National Interactive Science Olympiad Paper Sample : www.pdfquestion.in/7282.html
Q.2. Payment for the use of money is known as interest. This statement is
(a) True*
(b) False
(c) Can’t say
(d) None of these
Q.3. Income not spent today to be able to buy goods and services in the future is known as saving This statement is
(a) True*
(b) False
(c) Can’t say
(d) None of these
Q.4. Goods and services given up today is known as opportunity cost of saving This statement is
(a) True*
(b) False
(c) Can’t say
(d) None of these
Q.5. Statement 1 : What happens to accumulated savings if the deposit amount increases ?
Statement 2 : Saving would increase. Saving larger amounts generates greater saving in the future.
Does statement 2 correctly answer statement 1?
(a) True*
(b) False
(c) Can’t say
(d) None of these
Q.6. Statement 1 : What happens to accumulated savings if the number of compounding periods per year increases ? Why ?
Statement 2 : It would increase because every time compounding occurs, the saver is earning interest on interest earned.
Does statement 2 correctly answer statement 1?
(a) True*
(b) False
(c) Can’t say
(d) None of these
Q.7. Statement 1 : If you saved ` 1000 today to buy a ` 1000 computer next year, would you be able to buy it if your savings earned 5% and the price of the computer stayed the same ?
Statement 2 : Yes because you’d have approximately `1050 to buy the `1000 computer. Does statement 2 correctly answer statement 1?
(a) True*
(b) False
(c) Can’t say
(d) None of these
Q.8. Statement 1: If you saved ` 1000 today to buy a ` 1000 computer next year, would you be able to buy it if you saving earned 5% and the price of the computer increased 7% ?
Statement 2 : No because you’d have approximately ` 1050 to buy the computer that would cost ` 1070.
Does statement 2 correctly answer statement 1?
(a) True*
(b) False
(c) Can’t say
(d) None of these
Q.9. An amount spent to purchase goods or services is expense
This statement is
(a) True *
(b) False
(c) Can’t say
(d) None of these
Q.10. Statement 1: Trade offs involve giving up a little of one thing in order to get a little more of something else. If your parents said that you could have `5 more allowance a week for watching your younger brother after school on friday for one hour, what trade off are they asking you to make?
Statement 2 : Give up one hour of free time on Friday in order to have `5 extra to spend/save. Does statement 2 correctly answer statement 1 ?
(a) True *
(b) False
(c) Can’t say
(d) None of these
Read the passage given below :
It is March in Hennah senior year of high school. She is going to college next year and has a scholarship that covers two-thirds of her tuition. Her parents have agreed to pay the remaining one-third of her tuition and her room and board. Hennah must pay for her books each semester and for her miscellaneous expenses such as pizza, movies and other entertainment. Hennah has been looking for a job for several weeks and has finally found one. Let’s listen what Hennah tells her mother about her new job.
Q.11. What is Hennah’s gross income ?
(a) ` 225 *
(b) ` 224
(c) ` 226
(d) None of these
Q.12. The amount earned before taxes are withheld is the gross income.
(a) True *
(b) False
(c) Can’t say
(d) None of these
Q.13. Q:How was this amount determined ?
A:By multiplying the number of hours Hennah worked by her hourly wage, `7.50 x 30. Is the answer correct?
(a) Yes *
(b) No
(c) Can’t say
(d) None of these
Q.14. How much did Hennah pay in Income tax ?
(a) ` 33.25
(b) ` 16.2
(c) ` 63*
(d) None of these
Q.15. Q: What types of goods and services Hennah might receive from the government?
A: Highway, bridges, defence, fire and police protection national weather service, testing of meat and other agricultural and medical products for her protection.
Is the answer correct?
(a) Yes *
(b) No
(c) Can’t say
(d) None of these
Q.16. Required payment to government is taxes Is the statement correct?
(a) Yes *
(b) No
(c) Can’t say
(d) None of these
Q.17. The amount earned before taxes and other deductions are withheld is net income . Is the statement correct?
(a) Yes
(b) No*
(c) Can’t say
(d) None of these
Q.18. The amount available after taxes and other deductions are withheld is gross income. Is the statement correct?
(a) Yes
(b) No*
(c) Can’t say
(d) None of these
Q.19. People working in the economy are human resource Is the statement correct?
(a) Yes *
(b) No
(c) Can’t say
(d) None of these
Q.20. The quality of the education, skills, and talents people possess is human capital.
Is the statement correct?
(a) Yes *
(b) No
(c) Can’t say
(d) None of these