Assignment PFP

TAKSHASHILA MAHAVIDYALAYA, AMRAVATI

DEPARTMENT OF COMMERCE and MANAGEMENT

CLASS NAME -

SEMESTER -
SUBJECT -
FINAL INTERNAL ASSIGNMENT
Important Instructions:-
All the students
are required to submit this final assignment before as per the schedule provided to you by us.
Students are required to write/solve this assignment by using PEN and PAPER and send its scanned PDF
on your subject Teacher's email address or you can submit it to college.(online/offline)
Mention your Full Name and Class clearly in the beginning of the assignment.
Final valuation and result will be calculated on the basis of your performance in this assignment.
Attempt ALLquestions.
Unit I
Arranging to spend, save and

invest money to live comfortable, have financial security and achieve
goals is
Project Planning
Vacation Planning
Personal Financial Planning
Tax Planning
Ans (c)Personal Financial Planning
Personal finance focuses mainly on
Meeting Individual Short Term and Long Term Financial Goals
Meeting Organizational Long Term Goals in Long Term
Meeting Daily Operational Goals of Business
Meeting the financial goals of Nation as whole
Ans (a) Meeting Individual Short Term and Long Term Financial Goals
Which is not the benefits of Financial planning
Increase effectiveness in managing
financial resources
Increased control of your finances
No need of Taxation, Insurance and Investment planning

A sense of financial freedom and achieving personal economic goals
Ans
(c) No need of Taxation, Insurance and Investment planning
Personal Financial Planning is important for
Managing Income
Raising your standard of living
Family Security
Getting loan from bank
Ans (d) Getting loan from bank
Increased financial control means
avoiding excessive
debt
bankruptcy
dependence on others for economic security
Having knowledge of stock market
Ans (d) Having knowledge of stock market
Unit II
The Insurance is a ______________
Contract
Uncertainty
Peril
Hazard
Losses arising due to a risk exposure retained or assured is known as ______________
Risk Reduction
Risk Financing
Risk Retention
Risk Sharing
The measures aimed at avoiding,eliminating or reducing the chances of loss production is covered by
______________
Risk Control
Risk Retention
Risk Avoidance
Risk Financing
Fire insurance can be taken in respect of ______________.
movable properties only
immovable properties
movable and immovable
persons only
The document which contains the terms and conditions of the life insurance contract is termed as the
__________.
Cover note.
Life insurance policy.
Agreement.
Other document.
Unit III
__________ is a process of determining retirement income goals, and the actions and decisions
necessary to achieve those goals.
Investment Planning
Financial Planning
Insurance Planning
Retirement Planning
Retirement planning is ideally a
Short Term Process
Long Term Process
Immediate Action
Life Long Process
Which of the following is not a need of Retirement Planning?
To cover daily living expenses To fight inflation
To cover medical expenses
To cover luxurious wants
EPFO is the regulatory body responsible for the overall supervision and regulation of
Insurance Policies
Employee Provident Fund
Pension Fund
Mutual Fund
Benefits of PPF are
Guaranteed returns
Tax benefits
Option to invest regularly
All of the above
Unit IV
________ is a process of identifying financial goals and converting them through building a plan
Insurance Planning
Real Estate Planning
Investment Planning
Salary Planning
___________ is the main component of financial planning
Investment Planning
Retirement Planning
Insurance Planning
Debt Management
What is AMC
Asset Mortgaging Company

Asset Management Corporation
Asset Management Company
Asset Management Consultancy
What is NAV
Net Asset Value
Net Annual Value
Net Annuity Value
Net Amortization Value
Investment is a risk free investment when
Actual return < expected return
Actual return > expected return
Actual return = expected return
None of the above
Unit V
The maximum deduction available under section 80 C is
Rs 50000
Rs 100000
Rs 150000
Rs 200000
Under the head Income from House Property the basis of charge is ……
Rent Received
Gross Annual Value
Annual Value
Municipal Value
Following is not a taxable income
Salary
Wages
Dividends
Gifts
Following is a not a non-taxable income
Salary
Gifts
Inheritance
Welfare Benefits
Any profits or gains arising from the
transfer of a capital asset effected in the previous year will be chargeable to income-tax under the head
Profit and Gains from Business and Profession
Salary
House Property
Capital Gains

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TAKSHASHILA MAHAVIDYALAYA, AMRAVATI

DEPARTMENT OF COMMERCE and MANAGEMENT

FINAL INTERNAL ASSIGNMENT

All the students

Arranging to spend, save and

Personal Financial Planning

Ans (c)Personal Financial Planning

Personal finance focuses mainly on

Meeting Individual Short Term and Long Term Financial Goals

Meeting Organizational Long Term Goals in Long Term

Meeting Daily Operational Goals of Business

Meeting the financial goals of Nation as whole

Which is not the benefits of Financial planning

Increase effectiveness in managing

Increased control of your finances

No need of Taxation, Insurance and Investment planning

(c) No need of Taxation, Insurance and Investment planning

Personal Financial Planning is important for

Raising your standard of living

Getting loan from bank

Ans (d) Getting loan from bank

Increased financial control means

dependence on others for economic security

Having knowledge of stock market

Ans (d) Having knowledge of stock market

The Insurance is a ______________

Losses arising due to a risk exposure retained or assured is known as ______________

Fire insurance can be taken in respect of ______________.

movable properties only

movable and immovable

Life insurance policy.

Retirement planning is ideally a

Short Term Process

Long Term Process

Life Long Process

Which of the following is not a need of Retirement Planning?

To cover daily living expenses To fight inflation

To cover medical expenses

To cover luxurious wants

Benefits of PPF are

Option to invest regularly

All of the above

Real Estate Planning

___________ is the main component of financial planning

Asset Mortgaging Company

Asset Management Company

Asset Management Consultancy

Net Asset Value

Net Annual Value

Net Annuity Value

Net Amortization Value

Investment is a risk free investment when

Actual return < expected return

Actual return > expected return

Actual return = expected return

None of the above

The maximum deduction available under section 80 C is

Gross Annual Value

Following is not a taxable income

Following is a not a non-taxable income