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Advanced Wealth Management Course (IIBF) - Paper 1
Part I:Ch 4:Indian social Environment & Fin Planning
Q
1
.
_____________ stage which consists of young, single, childless persons who are financially independent from their parents.
Bravo
Delta
Alpha
Charlie
Q
2
.
Which stage is the retirement stage of life cycle?
Echo
Foxtrot
Bravo
Delta
Q
3
.
Within the life cycle, liquidity is dependent upon the diversification of income sources.
True
False
Q
4
.
Which stage is before the oldest child is in college?
Echo
Early Delta
Later Delta
Charlie
Q
5
.
(I) The tax exposure of Foxtrots tends to be relatively low (II) During Echo stage tax exposure is low
Both the statements are correct
Only statement (I) is correct
Only statement (II) is correct
Both the statements are wrong
Q
6
.
(I) Risk Management in Charlie stage is high (II) Risk Management in Delta stage is low
Both the statements are correct
Only statement (I) is correct
Only statement (II) is correct
Both the statements are wrong
Q
7
.
Which stage begins with the birth of the first child and continues until the youngest child is of school going age.
Charlie stage
Bravo stage
Delta stage
Echo stage
Q
8
.
The liquidity needs of Foxtrots tend to be very high
True
False
Q
9
.
The wealth cycle consists of
Accumulation stage
Preservation stage
Distribution stage
All of the above
None of the above
Q
10
.
Accumulation stage is between the ages of ________ and _________ .
20 and 50
20 and 60
25 and 55
15 and 50
Q
11
.
_________ is an individual who either never marries or marries and loses a spouse without having children.
The Dual Income Charlie
The Perpetual Alpha
The Perpetual Bravo
None of the above
Q
12
.
The risk preference of the Perpetual Bravo may be higher due to the added discretionary funds available with two wage earners.
True
False
Q
13
.
(I) Debt Management in Echo stage is Low. (II) Debt Management in Charlie stage is high.
Both the statements are correct
Only statement (I) is correct
Only statement (II) is correct
Both the statements are wrong
Q
14
.
(I) The credit needs of Foxtrots tend to be minimal. (II) The essential credit needs of Alphas tend to be relatively high.
Both the statements are correct
Only statement (I) is correct
Only statement (II) is correct
Both the statements are wrong
Q
15
.
The credit needs of Bravos are generally not substantial and tend to relate largely to credit cards and automobile loans.
True
False