Personal Financial Planning MCQs

Personal Financial Planning MCQs

University

20 Qs

quiz-placeholder

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Personal Financial Planning MCQs

Personal Financial Planning MCQs

Assessment

Quiz

Financial Education

University

Easy

Created by

Dr Sharma

Used 2+ times

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20 questions

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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

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