quiz_data.py

quiz_questions = [
    {
        "id": 1,
        "question": "What is the '50/30/20 rule' in budgeting?",
        "options": [
            "50% savings, 30% needs, 20% wants",
            "50% needs, 30% wants, 20% savings",
            "50% wants, 30% savings, 20% needs",
            "50% investment, 30% tax, 20% charity"
        ],
        "answer": 1,
        "explanation": "The 50/30/20 rule suggests allocating 50% of your income to needs (rent, food), 30% to wants (entertainment), and 20% to savings and debt repayment."
    },
    {
        "id": 2,
        "question": "Which of the following is a benefit of a Roth IRA?",
        "options": [
            "Tax-free withdrawals in retirement",
            "Tax deductions on contributions",
            "Unlimited contribution limits",
            "Guaranteed 10% annual returns"
        ],
        "answer": 0,
        "explanation": "Roth IRA contributions are made with after-tax dollars, meaning you don't get a tax break now, but your withdrawals in retirement are completely tax-free."
    },
    {
        "id": 3,
        "question": "What does 'diversification' mean in investing?",
        "options": [
            "Putting all your money in one safe stock",
            "Buying only tech stocks",
            "Spreading investments across different assets to reduce risk",
            "Investing only in your own country"
        ],
        "answer": 2,
        "explanation": "Diversification involves spreading your investments among various financial instruments, industries, and other categories to maximize return while minimizing risk."
    },
    {
        "id": 4,
        "question": "What is 'compound interest'?",
        "options": [
            "Interest calculated only on the initial principal",
            "Interest calculated on the principal and accumulated interest",
            "A fee charged by banks for savings accounts",
            "The interest rate set by the Federal Reserve"
        ],
        "answer": 1,
        "explanation": "Compound interest is the interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods."
    },
    {
        "id": 5,
        "question": "Which of these is generally considered a 'safe' emergency fund amount?",
        "options": [
            "1 month of expenses",
            "3-6 months of expenses",
            "1 year of income",
            "$1,000 flat"
        ],
        "answer": 1,
        "explanation": "Most financial experts recommend having 3 to 6 months' worth of living expenses saved in an easily accessible account to cover unexpected costs like medical bills or job loss."
    }
]