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English Mock Test Chapter 5

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Question 1
Which among the following would you recommend in order to seek protection against unforeseen events?
A
Insurance
B
Transactional products like bank FD’s
C
Shares
D
Debentures
Question 2
When is the best time to start financial planning?
A
Post retirement
B
After marriage
C
As soon as one gets his first salary
D
Only after one gets rich
Question 3
MR. Rajesh wants to purchase a new house. This is which category of goal?
A
Short term Goal
B
Long term Goal
C
Medium Term Goal
D
All of the above
Question 4
Which among the following is not an objective of tax planning?
A
Maximum tax benefit
B
Tax evasion
C
Reduced tax burden as a result of prudent investments
D
Full advantage of tax breaks
Question 5
Which of the following is not a wealth accumulation product ____________
A
Fixed Deposit
B
Real Estate
C
Share
D
High Yield Bond
Question 6
An individual with an aggressive risk profile is likely to follow wealth _______investment style.
A
Consolidation
B
Gifting
C
Accumulation
D
Spending
Question 7
Which among the following is a wealth accumulation product?
A
Bank Loans
B
Shares
C
Term Insurance Policy
D
Savings Bank Account
Question 8
An individual with an aggressive risk profile is likely to follow wealth __________ investment style
A
Spending
B
Accumulation
C
Gifting
D
Consolidation
Question 9
Savings can be considered as a composite of two decisions. Choose them from the list below.
A
Risk retention and reduced consumption
B
Gifting and accumulation
C
Postponement of consumption and parting with liquidity
D
Spending and accumulation
Question 10
During which stage of life will an individual appreciate past savings the most?
A
Earner
B
Post retirement
C
Learner
D
Just married
Question 11
What is the relation between investment horizon and returns?
A
Greater the investment horizon the larger the returns
B
Both are not related at all
C
Greater the investment horizon the smaller the returns
D
Greater the investment horizon more tax on the returns
Question 12
Which among the following can be categorised under contingency products?
A
Bank deposits
B
Shares
C
Life insurance
D
Bonds
Question 13
Which among the following can be categorised under transactional products?
A
Life insurance
B
Shares
C
Bank deposits
D
Bonds
Question 14
__________ is a rise in the general level of prices of goods and services in an economy over a period of time.
A
Deflation
B
Inflation
C
Stagflation
D
Hyperinflation
Question 15
____________ are unforeseen life events that may call for a large commitment of funds
A
U'LI P
B
Contingencies
C
Wealth Accumulation
D
Diversification
Question 16
Optimal method of converting principal (which we may call the corpus )into annuity payments for meeting income needs post retirement is known as ___________
A
Accumulation
B
Conversation
C
Distribution
D
Estate
Question 17
Which of the following is not a part of investment parameters
A
Diversification
B
Time Horizon
C
Retirement Planning
D
Risk Tolerance
Question 18
____________ includes preparing of budget, analysing of expenses and income flow and predicting the future monthly income & expenses
A
Estate Planning
B
Investment Planning
C
Cash Planning
D
Retirement Planning
Question 19
In progressive risk profile Investment style is _____________
A
Accumulation
B
Wealth Accumulation
C
Estate Planning
D
Consolidation
Question 20
_________________ planning includes current need, future need, individual risk profile and income to roadmap anticipated need
A
Risk Tolerance
B
Estate Planning
C
Financial Planning
D
Time Horizon
Question 21
Ramesh is a doctor.His investment style falls into spending then in which risk profile will he fall?
A
Secured
B
Conservative
C
Progressive
D
Aggressive
Question 22
Which of the following are the elements of Financial Planning ____________
A
Investment & Risk Management
B
Tax & Estate Planning
C
Financial Cries need & Retirement Planning
D
All of the above
Question 23
Which of the following are the elements of Financial Planning ____________
A
Risk management
B
Bribe
C
Dowry
D
Tax evasion
Question 24
Which of the following are the elements of Financial Planning ___________
A
Tax & Estate Planning
B
Bribe
C
Dowry
D
Tax evasion
Question 25
Which of the following are the elements of Financial Planning ____________
A
Financial Cries need & Retirement Planning
B
Bribe
C
Dowry
D
Tax evasion
Question 26
A complete insurance planning includes _________________
A
Life Insurance
B
Health Insurance
C
Motor Insurance
D
All of the above
Question 27
A complete insurance planning doesnot include _________________
A
Life Insurance
B
Health Insurance
C
Motor Insurance
D
Bank Fixed Deposit
Question 28
Which of the below is not a strategy to maximise discretionary income?
A
Debt restructuring
B
Loan transfer
C
Investment restructuring
D
Insurance purchase
Question 29
Phases of retirement planning are __________
A
Distribution, Accumulation
B
Conversation, Accumulation
C
Accumulation, Conservation, Distribution
D
Conversation, Distribution
Question 30
Which of the following is not a part of investment parameters
A
Retirement Planning
B
Diversification
C
Time Horizon
D
Risk Tolerance
Question 31
____________ includes preparing of budget, analysing of expenses and income flow and predicting the future monthly income & expenses
A
Cash Planning
B
Estate Planning
C
Investment Planning
D
Retirement Planning
Question 32
In progressive risk profile Investment style is _____________
A
Accumulation
B
Consolidation
C
Wealth Accumulation
D
Estate Planning
Question 33
In Agressive risk profile Investment style is _____________
A
Accumulation
B
Consolidation
C
Wealth Accumulation
D
Estate Planning
Question 34
In Secured risk profile Investment style is _____________
A
Accumulation
B
Consolidation
C
Spending
D
Estate Planning
Question 35
In consevative risk profile Investment style is _____________
A
Accumulation
B
Consolidation
C
Spending
D
Gifting
Question 36
_________________ planning includes current need, future need, individual risk profile and income to roadmap anticipated need
A
Estate Planning
B
Risk Tolerance
C
Time Horizon
D
Financial Planning
Question 37
which of the below is  element of financial planning?
A
Investing - allocating assets based on one’s risk taking appetite
B
Risk management
C
Retirement planning
D
All of the above
Question 38
which of the below is  element of financial planning?
A
Investing - allocating assets based on one’s risk taking appetite
B
Risk management
C
Financing one’s needs
D
All of the above
Question 39
Mr Kumar wants to transfer his property in the name of his Son Vijay, this is known as _________ planning
A
Estate Planning
B
Investment Planning
C
Retirement Planning
D
All of the above
Question 40
Which among the following is not an objective of tax planning?
A
Reduced tax burden as a result of prudent investments
B
Maximum tax benefit
C
Tax evasion
D
Full advantage of tax breaks
Question 41
Financial planning is not a new discipline. It was practiced in simple form by our fore fathers. There were limited investment options then. A few decades ago equity investment was considered by a large majority to be akin to gambling.Savings were largely channelled in bank deposits, postal savings schemes and other fixed income instruments. The challenges facing our society and our customers are far different today. Some of them are:
A
Disintegration of the joint family
B
Multiple investment choices
C
All of the above
D
None of the above
Question 42
Financial planning is not a new discipline. It was practiced in simple form by our fore fathers. There were limited investment options then. A few decades ago equity investment was considered by a large majority to be akin to gambling.Savings were largely channelled in bank deposits, postal savings schemes and other fixed income instruments. The challenges facing our society and our customers are far different today. Some of them are:
A
Disintegration of the joint family
B
Changing lifestyles
C
All of the above
D
None of the above
Question 43
Financial planning is not a new discipline. It was practiced in simple form by our fore fathers. There were limited investment options then. A few decades ago equity investment was considered by a large majority to be akin to gambling.Savings were largely channelled in bank deposits, postal savings schemes and other fixed income instruments. The challenges facing our society and our customers are far different today. Some of them are:
A
Inflation
B
Changing lifestyles
C
All of the above
D
None of the above
Question 44
Financial planning is not a new discipline. It was practiced in simple form by our fore fathers. There were limited investment options then. A few decades ago equity investment was considered by a large majority to be akin to gambling.Savings were largely channelled in bank deposits, postal savings schemes and other fixed income instruments. The challenges facing our society and our customers are far different today. Some of them are:
A
Inflation
B
Other contingencies and needs
C
All of the above
D
None of the above
Question 45
which of the below is  a type of financial planning?
A
Cash Planning
B
Investment planning
C
Insurance Planning
D
All of the above
Question 46
which of the below is  a type of financial planning?
A
Cash Planning
B
Investment planning
C
Retirement Planning
D
Retirement Planning
Question 47
which of the below is  a type of financial planning?
A
Estate Planning
B
Investment planning
C
Retirement Planning
D
All of the above
Question 48
which of the below is  a type of financial planning?
A
Estate Planning
B
Tax planning
C
Retirement Planning
D
All of the above
Question 49
which of the below is  a Investment parameter?
A
Risk tolerance
B
Time horizon
C
Liquidity
D
All of the above
Question 50
which of the below is  a Investment parameter?
A
Marketability
B
Diversification
C
Tax considerations
D
All of the above
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There are 50 questions to complete.

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