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    Question Bank On Financial Planning

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    fiiimpact
    The document contains 15 questions related to financial planning, wealth management, insurance, and mutual funds. Some of the key topics covered include the differences between financial planning and wealth management, components of financial planning, types of insurance like term insurance and family floater, determining how much life insurance is needed, advantages and disadvantages of mutual funds, and regulators for different financial products and services. The questions seek to assess understanding of core concepts in personal finance.

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    Question Bank On Financial Planning

    Uploaded by

    fiiimpact
    794 views2 pages
    The document contains 15 questions related to financial planning, wealth management, insurance, and mutual funds. Some of the key topics covered include the differences between financial planning and wealth management, components of financial planning, types of insurance like term insurance and family floater, determining how much life insurance is needed, advantages and disadvantages of mutual funds, and regulators for different financial products and services. The questions seek to assess understanding of core concepts in personal finance.

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    Question Bank on Financial Planning & Wealth Management

    Original Title

    Question Bank on Financial Planning

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    The document contains 15 questions related to financial planning, wealth management, insurance, and mutual funds. Some of the key topics covered include the differences between financial planning and wealth management, components of financial planning, types of insurance like term insurance and family floater, determining how much life insurance is needed, advantages and disadvantages of mutual funds, and regulators for different financial products and services. The questions seek to assess understanding of core concepts in personal finance.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    794 views2 pages

    Question Bank On Financial Planning

    Uploaded by

    fiiimpact
    The document contains 15 questions related to financial planning, wealth management, insurance, and mutual funds. Some of the key topics covered include the differences between financial planning and wealth management, components of financial planning, types of insurance like term insurance and family floater, determining how much life insurance is needed, advantages and disadvantages of mutual funds, and regulators for different financial products and services. The questions seek to assess understanding of core concepts in personal finance.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 2

    Question Bank on Financial Planning & Wealth

    Management
    (September, 2010)

    1. What is the difference between “Financial Planning” and “Wealth


    Management”?

    2. Financial Planning is required for everyone, irrespective of one’s


    age, educational background or family status. Effective Financial
    Planning can lead to one’s financial wellbeing and ultimate financial
    security in life. What is your opinion on this?

    3. What are the various components of Financial Planning?

    4. What do you mean by personal budgeting? “It is not income, but


    spending habits, which makes one rich” – Comment.

    5. What do you mean by the statement “Pay yourself first” in the


    context of saving and spending habits.

    6. What are the financial rules of thumb relating to: (a) Educational
    Loan (b) Car Loan and (c) Housing Loan?

    7. What do you mean by the statement “Insurance is a subject matter


    of solicitation”?

    8. What is the difference between “Insurance” and “Assurance”?

    9. What are the different types of insurance covers you know of? What
    is the basic difference between life insurance and general
    insurance? Which Insurance company has maximum market share
    in life insurance market in India? Who is the regulator of insurance
    sector in India? What do you mean by re-insurance? How insurance
    premium for a policy is determined?

    10. What do you mean by (a) Term Insurance? (b) Family Floater? (c)
    Domiciliary Hospitalisation? (d) Marine Insurance? (e) The Principle
    of Contribution (f) The Principle of Subrogation (g) Insurance has to
    weed out the theory of adverse selection (h) All life insurance
    policies include incontestability clause (i) Whole life policy (j) Pure
    Endowment policy (k) ULIP (l) Group Life Insurance (m) Deferred
    Medi claim Policy (n) Overseas Medical Cover (o) Cash-less
    Reimbursement and Third Party Administrators (TPAs) (p) Cancer
    Insurance (q) Long Term Care Insurance (r ) Motor(car) Insurance
    (s) Third party Insurance (t) Property Insurance (u) Household goods
    insurance

    11. How much life insurance one needs? How would you arrive at a
    figure for this?

    12. What do you mean by the words “Mutual” and “Funds” in


    “Mutual Fund”? Write at least 3 major advantages and
    disadvantages of a Mutual Fund.

    13. What do you mean by : (a) AMFI (b) AMC (c) NAV (d) Fund of Funds
    (e) Liquid Fund (f) Open-ended Fund (g) Primary market Fund (h)
    Gilt Fund (i) Sectoral Fund (k) Index Fund (l) Equity Linked Saving
    Schemes (ELSS) (m) Real Estate Mutual Fund

    14. Why it is called that “Mutual Funds are subject to Market Risks”?

    15. Who is the regulator of (a) Mutual Funds? (b) AMCs? (c)
    Money Market Mutual Funds? (d) Gilt Funds? (e) ULIP?

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