Financial & Investment

What is Financial Planning?

• Financial planning is where individuals and businesses have access to useful and affordable financial products and services.

• Financial planning means, it is a consistent cycle of recognizing financial objectives, organizing those goals and planning for how to accomplish them.

• Financial planning are the priorities and targets you set for how you want to save your money.

• A financial planning is an estimate of future financial income and expenses for a company.

What are the benefits of financial planning?

• Gives you power to budget and prioritize expenditures.

• Gives you power to prioritize your events.

• Gives you power to budget your holiday trip.

• Gives you power to judge others financial needs.

3. What is not the part of six steps in financial planning process?

• Create Your Financial Goals.

• Identify, Evaluate and Analyse your Plan-B.

• Create Profit and Loss Statement before Implementing Plan.

• Review your Financial Plan.

What are the disadvantages or limitations of Financial Planning?

• Lack of Communication.

• Lack of Financial Forecasting.

• Limitations of Financial Accounting Data.

• No Availability of Data.

• All of the Above.

What are the components of financial planning and control process?

• Listening, Analysis Information, Planning, Implementation, Control & Monitoring.

• Specified, Manage, Accurate, Relevant and Time.

• Communication, Forecasting, Financial Plan, Analyzing Financial Accounting Data.

• Create Your Financial Goals, Identify and Evaluate Financial Plan.

Which of the following is an example of a Tangible Asset?

• Oil and Natural Gas Partnerships.

• Equity Stocks.

• Mutual Funds.

• Government Bonds.

Which of the following does not fall within the scope of financial planning?

• Equity to Debt Funds Allocation.

• Cash Reserves and Cash Flow.

• Analyzing Financial Ratios.

• None of the Above.

• All of the Above.

Improving your standard of living and protecting your family in emergencies are all examples of ______________ of financial planning.

1: Types.

2: Source.

3: Disadvantage.

4: Goals.

5: None of the Above.

• Types.

• Source.

• Disadvantage.

• Goals.

• None of the Above.

A detailed plan of income and expenses expected over a certain period of time, often a month.

• Budget

• Financial Plan

• Taxonomy

• Investment

“Put your money to work for you" is mean?

• Investment

• Budget

• Financial Planner

• Gold