Udaan. Day 2

1. "Human Life Value" or HLV is that amount which ensures that the standard of living of a family is not affected even if the earning member is not there or not able to earn.

Human Life Value= Annual income X No. of years to retirement

• A. Yes

• B. No

2. The minimum amount a family must get after the death of the bread winner to be able to meet the household expenses till someone

else from the family can take on the responsibility. It is the minimum sum assured one must plan for.

Sum Assured= Monthly Household expense X (12/Rate of interest)*100

• A. Yes

• B. No

3. In Concept of SLRTT the word S stands for

• A. Safety

• B. Safely

4. In Concept of SLRTT the word L stands for

• A. Lever

• B. Liquidity

5. In Concept of SLRTT the word R stands for

• A. Reverse

• B. Return

6. the ideal investment is a balance of these five things: Liquidity, Risk, Return, Tax benefits and Time horizon needed

• A. Yes

• B. No

8. Customer Chooses his Investment according to the Risk Tolerance

• A. No

• B. Yes

9. The Investor Risk Profiler (IRP) must be used to assess the customer’s risk tolerance before designing the portfolio.

• A. False

• B. True

10. Under income tax section 80C what is the maximum deduction is allowed ?

• A. 1.25 Lac

• B. 1.5 Lac

11. 3 lac rupees income is taxable under the tax Slabs in India For Senior Citizens With Age 60 – 80 Years

• A. False

• B. True