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Professional Development
Professional Development
Life Insurance Vs Other Financial Instruments
13 questions
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- 1. Multiple Choice
what is the important feature of Insurance while comparing with other Products.
Partial Withdrawal
Fund Value
Cash
Protection of Financial goals
- 2. Multiple Choice
In which Tax section Insurance benefitted
80A and 10(10P)
80C and 10(10D)
88 and 80C
80C and 80 A
- 3. Multiple Choice
Discipline Saving is applicable in which instrument
Bond
FD
RD
Insurance
- 4. Multiple Choice
Mutual Fund Provide Tax benefit
ELSS
CSLL
LESS
CELL
- 5. Multiple Choice
FD of how many years provide TAX benefit in 80C
2 Years
3 Years
4 Years
5 Years
- 6. Multiple Choice
Gold Provide protection of Financial Goals
Yes
No
N.A
Cant Say
- 7. Multiple Choice
What are the parameters to compare Financial instruments
Protection of Financial goals
Disciplined savings, reinvestment risk
returns post tax, liquidity
all of the above
- 8. Multiple Choice
Protection of Financial Goals:
Other Financial Instruments does not provide risk cover.
On the other hand LI protects your financial goal from day 1.
Both a and b
none of the above
- 9. Multiple Choice
Financial Protection is provided by all instruments except Insurance policies
True
False.
False. Only life insurance provides financial protection
none of the above
- 10. Multiple Choice
In Mutual Fund customer can exit at any time but Life insurance are having lock In period which will result in better returns.
True
False
- 11. Multiple Choice
Equity Mutual Funds are having higher Fund management charges as compared to ULIP plans.
Yes
No
- 12. Multiple Choice
Long Term/Short Term capital gain tax is applicable in Mutual funds where in ULIP plans are having tax free.
Yes
No
- 13. Multiple Choice
What is the lock in period in ELSS mutual funds
5 years
1 years
2 years
3 Years
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