CCE-206 FIN SC – FIN - 02 Personal Financial Planning

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MBA-I SEM-II 2021-22 CCE

S. P. Mandali's
Prin. N.G.Naralkar Institute of Career Development & Research
536 Shaniwar Peth, Appa Balwant Chowk (ABC Chowk) Pune-411030

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CCE-206 FIN SC – FIN - 02 Personal Financial Planning

MBA-I SEM-II 2021-22 CCE

Financial planners and their clients should focus on

Allocating funds to asset classes (e.g. debt, equity etc.)

Allocating funds to individual securities

Tracking stocks which they feel have potential

None of the above

Clear selection

_________Maximum limit for the deduction of Life insurance premia from the gross total income is___

Rs. 2,00,000

Rs. 1,50,000

Rs. 1,00,000

Rs.1,25,000

Clear selection

The inputs that allow businesses to operate are called economic

incentives

Services.

Models.

Resources.

Clear selection

Which of the following statements about retirement is true:

You will be in retirement only about 15 years.

You have plenty of time to start saving for retirement.

You can depend on Social Security for your basic living expenses.

Saving even a little bit each month will help.

Clear selection

Some businesses are able to avoid potential risks by taking actions to __________ them.

eliminate

overlook

examine

disregard

Clear selection

When should an investor sell his/her investments?

When the investments lose in the short term

Not very often

When the investor feels like making a change

Frequently

Clear selection

Deduction in respect of contribution to political party will _______________.

Be allowed in respect of sum paid by way of cash

Not be allowed if payment made in cash

This type of deduction is not allowed whether payment is in cash or not

Be allowed if payment made in cash, subject to certain conditions

Clear selection

A good retirement plan usually accounts for increasing __________ costs.

mortgage

medical care

life insurance

legal

Clear selection

KYC means

Know your customer

Know your character

Both of above

None of above

Clear selection

If you purchase a car, which type of credit are you most likely to use?

Budget

Installment

Revolving

Regular

Clear selection

Retirement provision is a financial objective under the process of

financial documentation

financial roadmap

financial planning

financial strategy

Clear selection

What kind of risk is a flood that causes a business to close for three weeks?

Financial

Speculative

Pure

Operational

Clear selection

Which of the following types of insurance do businesses frequently offer as part of their employee benefit plan:

Health

Automobile

Property

Liability

Clear selection

If you are nearing retirement, which investing approach will you use?

Conservative

Tax-minimizing

Moderate

Aggressive

Clear selection

Savings can be considered as a composite of two decisions. Choose them from the list below.

Risk retention and reduced consumption

Gifting and accumulation

Spending and accumulation

Postponement of consumption and parting with liquidity

Clear selection

A business might be involved in insurance fraud if it

calculates the value of property.

attempts to reduce the coverage.

overestimates the amount of loss

limits its scope of liability.

Clear selection

Why is estate planning important?

Keeps your assets from going through probate court

Maximizes the amount of money that goes to foundations

Encourages you to develop financial goals

Ensures that your assets are divided the way you want them to be

Clear selection

Savita is setting her personal financial goals. What is the first step she should take to reaching her financial goals?

Automate payments

Prioritize her goals

Evaluate her budget

Make a list of her goals

Clear selection

A systematic withdrawal plan is ideal for

Investors who wish to benefit from market fluctuations

Investors who are not sure about themselves

Investors who have growth as their main investment objective

Investors who prefer a regular income stream

Clear selection

The inputs that allow businesses to operate are called economic

incentives

Services.

Models.

Resources.

Clear selection

Loans from money lenders are

No transparency

With High rate of interest

No proper accounting

All of above

Clear selection

General Insurance relates to insurance against

Theft

Burglary

Fire

All of above

Clear selection

Sunita decides to invest some of her money. She doesn't like to take big risks, and she wants to be able to access all of her money at all times. She also doesn't mind not earning much interest. Sunita should invest her money in a

savings account

stock.

certificate of deposit (CD).

money market account (MMA)

Clear selection

What is meant by Aadhaar seeding?

Linking of Aadhaar with Bank account

Transfer of Aadhaar

Duplicate issuance of Aadhaar

None of above

Clear selection

By transferring risk to insurer, it becomes possible ___________.

To ignore the potential risks facing our assets

To become careless about our assets

To make money from insurance in the event of a loss

To enjoy peace of mind and plan one‟s business more effectively

Clear selection

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