| quizzes_data = { |
| 1: { |
| "title": "Module 1: Budgeting Basics", |
| "description": "Learn the fundamentals of budgeting and money management", |
| "level": "Beginner", |
| "duration": "15 min", |
| "questions": [ |
| { |
| "question": "Which of these is considered a 'need' rather than a 'want'?", |
| "options": ["Latest smartphone", "Designer clothes", "Basic shelter and housing", "Streaming subscriptions"], |
| "answer": "Basic shelter and housing", |
| "explanation": "Shelter is essential for survival, while others are lifestyle wants." |
| }, |
| { |
| "question": "What is the 50/30/20 budgeting rule?", |
| "options": [ |
| "50% needs, 30% wants, 20% savings", |
| "30% needs, 50% wants, 20% savings", |
| "20% needs, 50% savings, 30% wants", |
| "40% needs, 40% wants, 20% savings" |
| ], |
| "answer": "50% needs, 30% wants, 20% savings", |
| "explanation": "This rule allocates income to essentials, lifestyle, and savings/debt repayment." |
| }, |
| { |
| "question": "What should you do first when creating a budget?", |
| "options": [ |
| "Track your income and expenses for a month", |
| "Get a loan", |
| "Buy less food", |
| "Invest in stocks" |
| ], |
| "answer": "Track your income and expenses for a month", |
| "explanation": "Tracking helps you understand spending patterns before planning a budget." |
| }, |
| { |
| "question": "How often should you review and update your budget?", |
| "options": ["Every week", "Monthly", "Yearly", "Never"], |
| "answer": "Monthly", |
| "explanation": "Budgets should be reviewed monthly to reflect financial changes." |
| }, |
| { |
| "question": "What percentage of income should ideally go to housing costs?", |
| "options": ["10% or less", "30% or less", "50% or less", "70% or less"], |
| "answer": "30% or less", |
| "explanation": "Experts recommend keeping housing costs at 30% or less of gross income." |
| }, |
| ] |
| }, |
| 2: { |
| "title": "Module 2: Saving & Emergency Funds", |
| "description": "Master the art of saving and building financial security", |
| "level": "Beginner", |
| "duration": "12 min", |
| "questions": [ |
| { |
| "question": "What is the primary purpose of an emergency fund?", |
| "options": [ |
| "To buy luxury items", |
| "To cover unexpected expenses", |
| "To invest in the stock market", |
| "To pay monthly bills" |
| ], |
| "answer": "To cover unexpected expenses", |
| "explanation": "An emergency fund provides financial security during unplanned situations." |
| }, |
| { |
| "question": "How much should you ideally save in an emergency fund?", |
| "options": [ |
| "1 month of expenses", |
| "3–6 months of expenses", |
| "12 months of expenses", |
| "No fixed amount" |
| ], |
| "answer": "3–6 months of expenses", |
| "explanation": "Experts recommend saving enough to cover 3–6 months of living expenses." |
| }, |
| { |
| "question": "Where should you keep your emergency fund?", |
| "options": [ |
| "In a checking or savings account", |
| "In risky stocks", |
| "In real estate", |
| "Locked in a retirement account" |
| ], |
| "answer": "In a checking or savings account", |
| "explanation": "Emergency funds should be liquid and easily accessible." |
| }, |
| { |
| "question": "What is the difference between saving and investing?", |
| "options": [ |
| "Saving is riskier than investing", |
| "Investing is short-term, saving is long-term", |
| "Saving is for safety, investing is for growth", |
| "They are the same thing" |
| ], |
| "answer": "Saving is for safety, investing is for growth", |
| "explanation": "Savings are secure, while investments aim for higher returns with more risk." |
| }, |
| ] |
| }, |
| 3: { |
| "title": "Module 3: Investment Fundamentals", |
| "description": "Understanding the basics of investing and growing wealth", |
| "level": "Intermediate", |
| "duration": "20 min", |
| "questions": [ |
| { |
| "question": "Which of these is considered a low-risk investment?", |
| "options": ["Stocks", "Bonds", "Cryptocurrency", "Options trading"], |
| "answer": "Bonds", |
| "explanation": "Bonds are generally safer than stocks and other volatile investments." |
| }, |
| { |
| "question": "What is diversification in investing?", |
| "options": [ |
| "Putting all money into one stock", |
| "Spreading investments across different assets", |
| "Investing only in foreign companies", |
| "Investing only in real estate" |
| ], |
| "answer": "Spreading investments across different assets", |
| "explanation": "Diversification reduces risk by not relying on a single asset." |
| }, |
| { |
| "question": "Which investment typically has the highest risk?", |
| "options": ["Savings account", "Treasury bonds", "Stocks", "Cryptocurrency"], |
| "answer": "Cryptocurrency", |
| "explanation": "Cryptocurrencies are highly volatile compared to traditional investments." |
| }, |
| { |
| "question": "What does 'compound interest' mean?", |
| "options": [ |
| "Interest earned only on the original deposit", |
| "Interest earned on both the deposit and accumulated interest", |
| "A type of tax on investments", |
| "A penalty for late payments" |
| ], |
| "answer": "Interest earned on both the deposit and accumulated interest", |
| "explanation": "Compound interest accelerates growth by earning interest on interest." |
| }, |
| { |
| "question": "Which of these is considered a retirement investment account?", |
| "options": ["401(k)", "Credit card", "Checking account", "Car loan"], |
| "answer": "401(k)", |
| "explanation": "A 401(k) is a retirement savings account that offers tax advantages." |
| }, |
| ] |
| }, |
| 4: { |
| "title": "Module 4: Credit & Debt Management", |
| "description": "Learn how to manage credit and debt responsibly", |
| "level": "Intermediate", |
| "duration": "18 min", |
| "questions": [ |
| { |
| "question": "Which of these improves your credit score?", |
| "options": [ |
| "Paying bills on time", |
| "Maxing out your credit cards", |
| "Closing old credit accounts", |
| "Missing payments occasionally" |
| ], |
| "answer": "Paying bills on time", |
| "explanation": "On-time payments are the biggest factor in a good credit score." |
| }, |
| { |
| "question": "What is a common consequence of only making minimum credit card payments?", |
| "options": [ |
| "You avoid all interest charges", |
| "It takes longer to pay off debt with more interest", |
| "Your credit score immediately improves", |
| "You save money in the long run" |
| ], |
| "answer": "It takes longer to pay off debt with more interest", |
| "explanation": "Minimum payments extend repayment time and increase total interest costs." |
| }, |
| { |
| "question": "What is a 'debt-to-income ratio'?", |
| "options": [ |
| "Your income compared to your expenses", |
| "Your monthly debt compared to your monthly income", |
| "Your total debt compared to your savings", |
| "Your credit score number" |
| ], |
| "answer": "Your monthly debt compared to your monthly income", |
| "explanation": "Lenders use this ratio to assess your ability to manage debt." |
| }, |
| { |
| "question": "Which strategy is best for paying off multiple debts quickly?", |
| "options": [ |
| "Debt snowball (pay smallest debts first)", |
| "Debt avalanche (pay highest interest debts first)", |
| "Pay all debts equally", |
| "Ignore debts until they go away" |
| ], |
| "answer": "Debt avalanche (pay highest interest debts first)", |
| "explanation": "Debt avalanche minimizes interest payments by targeting high-interest debt first." |
| }, |
| ] |
| }, |
| 5: { |
| "title": "General Financial Knowledge", |
| "description": "Test your overall financial literacy across all topics", |
| "level": "Intermediate", |
| "duration": "25 min", |
| "questions": [ |
| { |
| "question": "What does 'inflation' mean?", |
| "options": [ |
| "Decrease in overall price levels", |
| "Increase in overall price levels", |
| "A government tax increase", |
| "Stock market growth" |
| ], |
| "answer": "Increase in overall price levels", |
| "explanation": "Inflation is the general rise in prices over time." |
| }, |
| { |
| "question": "What is the main purpose of insurance?", |
| "options": [ |
| "To generate investment returns", |
| "To protect against financial loss", |
| "To avoid paying taxes", |
| "To increase monthly expenses" |
| ], |
| "answer": "To protect against financial loss", |
| "explanation": "Insurance transfers financial risk from you to the insurer." |
| }, |
| { |
| "question": "What is net income?", |
| "options": [ |
| "Total income before taxes", |
| "Income after taxes and deductions", |
| "The same as gross income", |
| "Investment profits only" |
| ], |
| "answer": "Income after taxes and deductions", |
| "explanation": "Net income is the money you take home after deductions." |
| }, |
| { |
| "question": "Which financial product typically has the highest interest rate?", |
| "options": ["Mortgage loan", "Credit card", "Student loan", "Car loan"], |
| "answer": "Credit card", |
| "explanation": "Credit cards usually have higher interest rates than other types of loans." |
| }, |
| { |
| "question": "What is diversification in finance?", |
| "options": [ |
| "Spreading money across different assets to reduce risk", |
| "Putting all money into one high-performing stock", |
| "Avoiding investments completely", |
| "Buying only government bonds" |
| ], |
| "answer": "Spreading money across different assets to reduce risk", |
| "explanation": "Diversification reduces exposure to risk by investing in various asset classes." |
| }, |
| ] |
| }, |
| } |
|
|
