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Wealth Wealth Wealth Wealth Wealth Wealth

Advanced Wealth Management Course (IIBF) - Paper 1

Part I:Ch 4:Indian social Environment & Fin Planning

Q1.

_____________ stage which consists of young, single, childless persons who are financially independent from their parents.

Bravo

Delta

Alpha

Charlie

Q2.

Which stage is the retirement stage of life cycle?

Echo

Foxtrot

Bravo

Delta

Q3.

Within the life cycle, liquidity is dependent upon the diversification of income sources.

True

False

Q4.

Which stage is before the oldest child is in college?

Echo

Early Delta

Later Delta

Charlie

Q5.

(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

Q6.

(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

Q7.

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

Q8.

The liquidity needs of Foxtrots tend to be very high

True

False

Q9.

The wealth cycle consists of

Accumulation stage

Preservation stage

Distribution stage

All of the above

None of the above

Q10.

Accumulation stage is between the ages of ________ and _________ .

20 and 50

20 and 60

25 and 55

15 and 50

Q11.

_________ 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

Q12.

The risk preference of the Perpetual Bravo may be higher due to the added discretionary funds available with two wage earners.

True

False

Q13.

(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

Q14.

(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

Q15.

The credit needs of Bravos are generally not substantial and tend to relate largely to credit cards and automobile loans.

True

False

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