Learning Confirmation

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1. Financial planning is a process by which one reaches financial goals with

existing resources only.
TRUE
FALSE

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2. Financial planning has to take into account all cash flows at any given
point of time.
TRUE
FALSE

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3. Financial planning needs to be started only when there is a financial

crisis.
TRUE

FALSE

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4. Investment planning is a part of financial planning.

TRUE

FALSE
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5. Financial planning is only for the rich.

TRUE
FALSE

Learning Confirmation

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1. Contingency planning refers to taking care of events like loss of job or

medical emergencies.

TRUE

FALSE
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2. Wealth cycle approach to FP is a goal oriented plan.

TRUE
FALSE

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3. Investment planning does not take in to account the Investment horizon

and risk appetite of the individual.
TRUE
FALSE

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4. Retirement planning is a part of financial planning.

TRUE

FALSE
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5. Insurance planning deals with how to claim money when there are
accidents.
TRUE
FALSE

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6. Helping a client reduce his tax liability by taking benefits of all

deductions and exemptions under various sections of IT Act is at the
basis of tax planning.
TRUE

FALSE

Learning Confirmation

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1. Income is what one earns during or for a period.

TRUE

FALSE
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2. Assets are what one owes to others.

TRUE
FALSE

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3. If liabilities are more than assets, the individual will have a positive net
worth.
TRUE
FALSE

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4. Spending on provisions or groceries is an example of non-discretionary

expenses.

TRUE

FALSE
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5. Increase in liabilities with assets remaining the same will increase the
net worth.
TRUE
FALSE

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6. One way to increase the net worth is to increase sources of income.

TRUE

FALSE

Learning Confirmation

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1. Based on the scores obtained in the questionnaire form on risk profiling,

investors are classified as:
Good and bad investors
Investing customers
Two high and low risk investors
Five risk categories

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2. Which of the following is not an asset allocation model?

Income acceleration

Capital Preservation
Growth
Income generation
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3. In Tactical asset allocation type:

Rebalancing of percentage of assets are done on an active basis

The style is passive

The belief is that one cannot time the markets

Finding which asset class is the best
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4. Income generation model is for:

Youngsters
People with good incomes

Those who depend on the portfolio to generate income to take care of their ex

Those who want the portfolio to grow

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5. Investing in equity, bank deposits, gold and apartment is example of:

Investment diversity
Cultural diversification
Horizontal diversification
Vertical diversification

Learning Confirmation

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1. Savings and investment mean the same. (True/False)

TRUE
FALSE

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2. The factors to consider while investing are return, safety and liquidity.
(True/False)
TRUE

FALSE
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3. Beta measures total risk. (True/False)

TRUE
FALSE

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4. Investment in real estate suffers from liquidity risk. (True/False)

TRUE

FALSE
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5. Investment in G-Secs suffers from default risk. (True/False)

TRUE
FALSE

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6. Investing in an international asset or across globally is exposed to

exchange rate risk. (True/False)
TRUE

FALSE

Learning Confirmation

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1. The concept that money is valuable today than tomorrow is known as time
value of money.
TRUE

FALSE
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2. Real rate and nominal rate of return are one and the same thing.
TRUE
FALSE

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3. Real rate of return does not take in to account inflation and tax rate.
TRUE
FALSE

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4. Sharpe ratio uses Standard deviation as a risk measure.

TRUE

FALSE
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5. Calculation of future value is not important in Financial Planning.

TRUE
FALSE

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6. Coupon rate and nominal rate are one and the same thing.
TRUE

FALSE

Learning Confirmation

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1. Interest rates and bond prices are inversely related.

TRUE

FALSE
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2. Senior citizens savings scheme can be opened by anyone.

TRUE
FALSE

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3. Zero coupon bonds pay interest on the face value.

TRUE
FALSE

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4. Money lying in a PPF account cannot be attached by a court decree.

TRUE

FALSE
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5. NSCs can be purchased by companies.

TRUE
FALSE

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6. The maximum amount that can be invested in a post office MIS singly
is INR 4.5 lakhs.
TRUE

FALSE

Learning Confirmation

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1. Face value multiplied by no of units will be the unit capital.

TRUE

FALSE
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2. Index funds are examples of active funds.

TRUE
FALSE

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3. The unit capital remains the same in case of open-ended funds.

TRUE
FALSE

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4. Depositories are one of the other constituents that work with the AMC.

TRUE

FALSE
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5. Bank sponsored AMCs are regulated only by RBI.

TRUE
FALSE

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6. A sponsor must own at least 40 percent of the AMC.

TRUE

FALSE

Learning Confirmation

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1. The returns in debt funds comprise of interest income and capital

appreciation.
TRUE

FALSE
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2. Liquids funds invest in securities with a residual maturity of 120 days.

TRUE
FALSE

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3. Gilt funds invest in corporate bonds.

TRUE
FALSE

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4. NAV, in case of investments above INR two lakhs, is the NAV of the
business day on which funds are available before the cut-off time.

TRUE

FALSE
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5. Blue in a MF scheme indicates high risk.

TRUE
FALSE

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6. Floating rate funds primarily invest in floating rate debt securities,

where the interest paid changes in line with the changing interest rate
scenario in the debt markets.
TRUE

FALSE

Learning Confirmation

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Question Results

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1. IPV must be completed because mere submission of ID proof and address

proof is not sufficient.
TRUE

FALSE
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2. In a passive fund, the role of a fund manager is very important.

TRUE
FALSE

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3. KYC is an acronym for Know Your Country.

TRUE
FALSE

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4. A benchmark is used to measure the performance of the scheme.

TRUE

FALSE
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5. Axis Liquid Fund invests in securities with long maturity.

TRUE
FALSE

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6. Axis Triple Advantage fund invests in gold, equity and debt.

TRUE

FALSE

Learning Confirmation

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1. Technical analysts are also called chartists.

TRUE

FALSE
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2. Arbitrage funds take advantage of price differences in two exchanges.

TRUE
FALSE

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3. Index funds are actively managed.

TRUE
FALSE

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4. An equity fund must invest at least 65 percent of its corpus in equity at

all points in time.

TRUE

FALSE
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5. The track record of promoter is not important while buying a stock.

TRUE
FALSE

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6. Price earnings ratio tells how many times the EPS the investors are
willing to pay to buy a stock.
TRUE

FALSE

Learning Confirmation

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1. The biggest threat to popularizing investing in Gold ETFs is that investors

need to have a demat account to invest in Gold ETFs.
TRUE

FALSE
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2. Wealth tax is levied on Gold ETFs.

TRUE
FALSE

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3. There is a minimum quantity to be bought in Gold ETFs.

TRUE
FALSE

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4. Gold is used as a hedge against inflation.

TRUE

FALSE
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5. Gold is a perishable commodity.

TRUE
FALSE

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6. Investing in Gold jewelry is not as liquid as it is in case of Gold ETFs.

TRUE

FALSE

Learning Confirmation

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1. Wealth tax is paid on residential property.

TRUE

FALSE
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2. Investments in real estate is liquid.

TRUE
FALSE

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3. Investment in time share in a holiday resort requires huge investments.

TRUE
FALSE

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4. Only two organizations, which are NHAI and REC, are authorized to
issue Capital Gain bonds.

TRUE

FALSE
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5. Property taxes are higher on Residential properties as compared to

Commercial properties.
TRUE
FALSE

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6. The proceeds of capital gains are to be invested in CG Bonds within

six months of sale of the previous property.
TRUE

FALSE

Learning Confirmation

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Question Results

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1. Risk is limited and gains are unlimited in options. (True/False)

TRUE

FALSE
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2. Future contracts are traded over the counter. (True/False)

TRUE
FALSE

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3. The value of a derivative is not derived from the value of the underlying
asset. (True/False)
TRUE
FALSE

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4. Forwards suffer from counter-party risk. (True/False)

TRUE

FALSE
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5. An option has to be exercised only on the settlement/expiration date.

(True/False)
TRUE
FALSE

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6. In India, equity derivatives are settled on cash basis. (True/False)

TRUE

FALSE

Learning Confirmation

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1. Insurance is a risk transfer mechanism.

TRUE

FALSE
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2. Peril is what causes the hazard.

TRUE
FALSE

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3. Principle of Insurable interest ensures that one can insure the

neighbour's car.
TRUE
FALSE

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4. Principle of indemnity is not applicable to life insurance.

TRUE

FALSE
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5. Through insurance one can eliminate risk completely from one's life.
TRUE
FALSE

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6. Subrogation is the right of the insurer having indemnified the insured

under a legal obligation to do so, to step in to the place of the insured
and get all the rights and remedies of the insured.
TRUE

FALSE

Session 22 - Learning Confirmation: Objective

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1. Maturity benefits are paid on the maturity of the policy to the policy holder.
TRUE

FALSE
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2. Premium payment term and term of the policy are one and the same thing.
TRUE
FALSE

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3. Bonus is paid in nonparticipating plans.

TRUE
FALSE

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4. The premium on the riders is usually very low.

TRUE

FALSE
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5. Surrender value is paid on maturity of a policy.

TRUE
FALSE

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6. Bonus can be paid either on a simple reversionary basis or a

compound reversionary basis.
TRUE

FALSE

Session 23 - Learning Confirmation: Objective

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1. Term plans are non-participating plans.

TRUE

FALSE
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2. In children's plans the proposer and the beneficiary are one and the same.
TRUE
FALSE

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3. The policy holder can draw the entire maturity proceeds on maturity in
pension plans.
TRUE
FALSE

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4. In a ULIP plan the policy holder has the option to switch between funds.

TRUE

FALSE
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5. The maturity proceeds in a Life insurance plan are added to the

income of the policy holder and are taxable.
TRUE
FALSE

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6. In a child plan when the proposer dies the future premiums are
waived/funded by the company.
TRUE

FALSE

Learning Confirmation

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Question Results

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1. Home insurance covers both structure and contents.

TRUE

FALSE
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2. Domiciliary treatments are not covered under Mediclaim.

TRUE
FALSE

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3. Copy of invoice is insisted in respect of contents as proof of value in

home insurance.
TRUE
FALSE

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4. Tax benefits under Section 80D are available on premium paid in

Mediclaim.

TRUE

FALSE
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5. If there are no claims, the premium decreases in a Mediclaim at the

time of renewal.
TRUE
FALSE

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6. Organ transplant is one of the critical illnesses.

TRUE

FALSE

Learning Confirmation

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1. Single Trip insurance policy stands valid only for a single trip and predefined number of days.
TRUE

FALSE
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2. Any hospitalization on account of suicide is covered under overseas travel

insurance.
TRUE
FALSE

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3. Overseas travel insurance coverage starts from the day of departure till
the day of arrival in India.
TRUE

FALSE
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4. Engine coverage rider is one of the riders which a policy holder can take
in Motor Insurance.

TRUE

FALSE
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5. No Claim Bonus is not taken in to account while fixing the renewal

premium.
TRUE
FALSE

Learning Confirmation

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1. Section 80E covers deduction in respect of interest on loan taken for higher
education .
TRUE

FALSE

Score0of 1
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2. Deduction in respect of medical insurance premium is covered under

Section 80DD.
TRUE
FALSE

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3. Total Deduction under Sections 80C, 80CCC, and 80CCD cannot exceed
INR 1,50,000.
TRUE

FALSE
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4. Maximum deduction permissible is INR 1 lakh under Section 80C for

FY2014-15.
TRUE
FALSE

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5. Previous year is the financial year immediately preceding the

assessment year.
TRUE

FALSE

Learning confirmation

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1. Up to INR 1 lakh can be claimed toward interest payable on home loan in

the financial year 2013-14 under Section 80EE .
TRUE

FALSE
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2. The exemption limit for senior citizens is INR 2.5 lakhs for FY2014-15.
TRUE
FALSE

Score0of 1
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3. Deduction under Section 80G is available on donation in cash up to INR

10,000 only.
TRUE

FALSE
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4. Interest on savings account has income tax exemption without any

ceiling from 01.04.2013.
TRUE
FALSE

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5. The maximum investment eligible for the purpose of deduction under

RGESS is INR 50,000.
TRUE

FALSE

Learning Confirmation

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Question Results
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1. Retirement planning tries to address the fear of living too long.

TRUE

FALSE
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2. IRDA is an autonomous body set up by the Government of India to

develop and regulate the pension market in India.
TRUE
FALSE

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3. Tier I account in NPS is a non-withdrawable account meant for savings

for retirement.
TRUE

FALSE
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4. Gratuity is paid when an employee completes three or more years of full

time service with the employer.
TRUE
FALSE

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5. In EPF scheme the employer also makes a matching contribution to

the fund.
TRUE

FALSE

Learning Confirmation

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1. Estate planning refers to administering, protecting (managing) and

transferring the assets or wealth to the next generation.
TRUE

FALSE
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2. Wills have to be registered in a specific format on a stamped document.

TRUE
FALSE

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3. Estate Planning is meant only for the wealthy.

TRUE
FALSE

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4. A Will comes in to force after the death of the maker.

TRUE

FALSE
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5. A Planner should increase charges or fees for the services rendered

without proper advance notice to his clients.

TRUE
FALSE