
Personal Financial Planning MCQs
Quiz
•
Financial Education
•
University
•
Easy
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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