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Q.1 Net worth is equal to,
a) Total asset
b) Total asset plus liabilities
c) Total asset minus liabilities
d) None of the above
Q.2 When making a list of assets, a person should include,
a) Investment value of all valuable items
b) Present value of all valuable items
c) Investment value of immovable property
d) None of the above
Q.3 When making a list of liabilities, a person should include,
a) Loan amount of all borrowed loans
b) Outstanding amount of all borrowed loans
c) Loan amount of housing loan
d) Outstanding amount of housing loan
Q.4 What is personal financial planning?
a) Keeping records of income and expenditures
b) Keeping records of saving and investments
c) Both a & b
d) None of the above
Q.5 A budget should include a person's,
a) Income and assets
b) Income and expenses
c) Both a & b
d) None of the above
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[q1]+[q2]+[q3]+[q4]+[q5]
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