Wealth Management MCQs

Financial planning seeks to:

• Offer investment advice

• Offer tax advice

• Assess transmission plan

• Assess adequacy of income and assets for needs

Systematic Withdrawal Plan is suitable for:

• Young investors

• Retired investors

• Middle-aged investors

• Children

In early career, the client is in which stage?

• Accumulation

• Distribution

• Transition

• Windfall

The future value of Rs. 20 lakhs needed in 4 years with 10% inflation is:

• Rs. 20,00,000 ÷ (1 + 10%)⁴

• Rs. 20,00,000 X (1 + 10%)⁴

• Rs. 20,00,000 ÷ (1 + 10% x 4)

• Rs. 20,00,000 X {(1 + 10%) x 4}

Nuclear families have:

• Reduced need for planning

• Increased need for financial planning

• No impact

• Eliminated planning needs

Wealth management is for clients with:

• Surplus cash

• Inadequate cash flow

• Negative net worth

• Tax problems only

Bottom of an economic cycle is called:

• Boom

• Peak

• Trough

• Recovery

Tight monetary policy is associated with:

• Recession

• Deflation

• High inflation

• Low growth

A lead indicator is:

• GDP growth

• Unemployment number

• Luxury goods consumption

• Consumer Confidence Index

India has a:

• Revenue surplus and capital surplus

• Revenue deficit and capital surplus

• Revenue deficit and capital deficit

• Revenue surplus and capital deficit