Personal Financial Planning MCQs

Personal Financial Planning MCQs

University

20 Qs

quiz-placeholder

Similar activities

Day 2 Quiz Bank – Chapter 2: Core Mechanics

Day 2 Quiz Bank – Chapter 2: Core Mechanics

University

20 Qs

Supply Chain Characteristics and Strategies

Supply Chain Characteristics and Strategies

University

17 Qs

Chapter 3 Your Purchasing Power

Chapter 3 Your Purchasing Power

8th Grade - University

21 Qs

Check Writing Presentation Quiz

Check Writing Presentation Quiz

11th Grade - University

22 Qs

Stock Market & Financial Statements MCQs

Stock Market & Financial Statements MCQs

University

15 Qs

Financing Large Expenditures

Financing Large Expenditures

11th Grade - University

15 Qs

Health and Life Insurance Quiz

Health and Life Insurance Quiz

9th Grade - University

15 Qs

Budgeting quiz

Budgeting quiz

6th Grade - University

20 Qs

Personal Financial Planning MCQs

Personal Financial Planning MCQs

Assessment

Quiz

Financial Education

University

Easy

Created by

Dr Sharma

Used 2+ times

FREE Resource

AI

Enhance your content

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Personal financial planning primarily aims to

Maximize tax payable

Minimize expenditure only

Achieve stated life-cycle goals with optimal use of resources

Time the share market perfectly

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not a step in the financial-planning process?

Establishing goals

Implementing a plan

Evaluating advertising campaigns

Monitoring and revising the plan

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The term resource planning in personal finance refers to

Allocating financial and non-financial resources toward goals

Forecasting national GDP growth

Only budgeting household income

Purchasing real assets exclusively

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A positive ‘surplus’ in a cash-flow statement indicates

Liquidity crisis

Excess liabilities over assets

Disposable funds available for investment or debt reduction

Mandatory dividend distribution

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

For a young professional in the accumulation life-cycle stage, the typical investment horizon is

Very short-term (< 1 year)

Medium-term (3-5 years)

Long-term (10+ years)

Undefined because horizons don’t apply

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which demographic factor most directly increases risk tolerance in portfolio construction?

Higher age

Dependents increasing

Stable high income and long time horizon

Approaching retirement

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

During the recession phase of a trade cycle, investors generally prefer

High-beta growth stocks

Speculative derivatives

Defensive assets such as high-quality bonds or gold

Leveraged real-estate deals

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?