lic agent IC-38 exam set-4



CHAPTER 4 : FINANCIAL PLANNING

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IC-38 Online Mock Test for LIC agency Exam preparation SET-3

Question-1

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-2

__________ 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-3

Which of the below can be categorised under wealth accumulation products?
[A]. Bank deposits	[B]. Life insurance
[C]. General insurance	[D]. Shares

Question-4

Which among the following can be categorised under contingency products?
[A]. Bank deposits	[B]. Life insurance
[C].Shares	[D]. Bonds

Question-5

Which among the following can be categorised under transactional products?
[A]. Bank deposits	[B]. Life insurance
[C]. Shares	[D]. Bonds

Question-6

What is the relation between investment horizon and returns?
[A]. Both are not related at all	[B].Greater the investment horizon the larger the returns
[C].Greater the investment horizon the smaller the returns	[D]. Greater the investment horizon more tax on the returns

Question-7

During which stage of life will an individual appreciate past savings the most?
[A]. Post retirement	[B].Earner
[C]. Learner	[D]. Just married

Question-8

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]. Spending and accumulation	[D]. Postponement of consumption and parting with liquidity

Question-9

Which among the following is a wealth accumulation product?
[A]. Bank Loans	[B]. Shares
[C].ITerm Insurance Policy	[D]. Savings Bank Account

Question-10

An individual with an aggressive risk profile is likely to follow wealth _______investment style.
[A]. Consolidation	[B]. Gifting
[C]. Accumulation	[D]. Spending

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