WorksheetsFinancial & Investment
Total questions: 20
Worksheet time: 10mins
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
Why people look forward for an investment opportunities. What is the basic motive behind that?
Generating and preserving capital wealth.
Investing for retirement plans.
Investing to give bright future to children.
All of the Above.
Why is investment important for individual growth?
To beat growing inflation rate.
Building capital for next generation.
To achieve financial goals quickly.
All of the Above.
Which investments will help you to reach your financial retirement goals?
Investing in purchasing vehicle.
Investing in purchasing gold or other precious metals.
Investing in purchasing assets (For eg: House).
Investing in shopping fashion style.
What is the ideal age of investment for early retirement?
30-40 years.
20-30 years.
40-50 years.
50-60 years.
What are the different ways to invest money?
Debts / Bonds / Fixed income deposits.
Stock Market / Mutual funds.
Assets or Real Estate.
Commodities (Gold / Silver / Other Precious Metals).
All of the Above.
What is the right attitude required to improve your investment and investing skills?
Positive Attitude.
Negative Attitude.
Pridefulness Attitude.
Affective Attitude.
What are the steps required to be smart investor?
Be aware of investment process.
Stick to your drafted investment plan.
Review and monitor your invesment returns.
All of the Above.
What are the common risks involved when you choose any investment options?
Risk of reputation.
Risk of capital investment.
Risk of returns with growing inflation rate.
Risk of taxation.
When you are new to investment, what are the legal verification checks need to conduct?
Check company details.
Check company website.
Check license of the company.
All of the Above.
What are the thumb rules of investment one should consider?
Diversify your investment.
Identifying investment options.
Review your portfolio periodically.
All of the above
