Download GTU (Gujarat Technological University) MBA (Master of Business Administration) 2016 Summer 3rd Sem 2830010 Financial Planning Fp Previous Question Paper
Seat No.: ________ Enrolment No.___________
GUJARAT TECHNOLOGICAL UNIVERSITY
MBA ? SEMESTER (3) ? EXAMINATION ? SUMMER 2016
Subject Code: 2830010 Date: 02/05/2016
Subject Name: Financial Planning (FP)
Time: 10.30 AM TO 01.30 PM Total Marks: 70
Instructions:
1. Attempt all questions.
2. Make suitable assumptions wherever necessary.
3. Figures to the right indicate full marks.
Q.
No.
Q.1
(a)
Answer the following 6
1. Creating and implementing a budget includes _______________
A. Assess your current situation B. Planning your financial direction
C. Implementing your budget D. All of above
2.
____________________ is very important aspect for salaried person to do financial
planning.
A. Income Tax B. Locker System
C. Job Search D. None
3.
You withdraw money with the help of ________________
A. Credit card B. Debit Card
C. ATM Card D. All of given cards
4.
Following is the first step for career planning and advancement process.
A. Evaluate employment market and
identify specific employment
opportunity
B. Develop a resume and cover letter
C. Interview for available position and
assess yr interview procedure
D. Assess and research proposal goals,
abilities and career field
5.
Following is not a source of finance.
A.
Bank OD B. Bank loan
C.
Insurance D. Shroff
6.
If you want to buy a home, which source of fund is most advisable?
A.
Home Loan B. Loan from union
C.
Loan from relative D. None
Q.1 (b) Define the Following
1. Tax Liability
2. Bankruptcy
3. Net worth
4. Statement of Purpose
04
Q.1 (c) Answer in Short
1. List the various Disadvantages of Credit card.
2. List the factor affecting to selection of life insurance
plan.
04
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1
Seat No.: ________ Enrolment No.___________
GUJARAT TECHNOLOGICAL UNIVERSITY
MBA ? SEMESTER (3) ? EXAMINATION ? SUMMER 2016
Subject Code: 2830010 Date: 02/05/2016
Subject Name: Financial Planning (FP)
Time: 10.30 AM TO 01.30 PM Total Marks: 70
Instructions:
1. Attempt all questions.
2. Make suitable assumptions wherever necessary.
3. Figures to the right indicate full marks.
Q.
No.
Q.1
(a)
Answer the following 6
1. Creating and implementing a budget includes _______________
A. Assess your current situation B. Planning your financial direction
C. Implementing your budget D. All of above
2.
____________________ is very important aspect for salaried person to do financial
planning.
A. Income Tax B. Locker System
C. Job Search D. None
3.
You withdraw money with the help of ________________
A. Credit card B. Debit Card
C. ATM Card D. All of given cards
4.
Following is the first step for career planning and advancement process.
A. Evaluate employment market and
identify specific employment
opportunity
B. Develop a resume and cover letter
C. Interview for available position and
assess yr interview procedure
D. Assess and research proposal goals,
abilities and career field
5.
Following is not a source of finance.
A.
Bank OD B. Bank loan
C.
Insurance D. Shroff
6.
If you want to buy a home, which source of fund is most advisable?
A.
Home Loan B. Loan from union
C.
Loan from relative D. None
Q.1 (b) Define the Following
1. Tax Liability
2. Bankruptcy
3. Net worth
4. Statement of Purpose
04
Q.1 (c) Answer in Short
1. List the various Disadvantages of Credit card.
2. List the factor affecting to selection of life insurance
plan.
04
2
3. What are the five Cs of Credit?
4. What are the various types of Life Insurance?
Q.2 (a) What are the main components of personal financial planning
Process?
07
(b) If you are a salaried person and making personal financial
planning for your future. What factors will influence to that
task?
07
OR
(b) Budget is very effective tool to manage the income and
expenses in everybody?s life. Discuss some important qualities
of Budget.
07
Q.3 (a) Explain the various types of financial services. 07
(b) Prepare an Income statement for person who belong to a middle
class. Consider monthly income is Rs. 50,000/- and various
expenses to live a normal life.
07
OR
Q.3 (a) Discuss various investments avenues in Indian terms. 07
(b) If you want to buy Motor Vehicle insurance, what vehicle
insurance provisions will be available to you?
07
Q.4 (a) Discuss various types of Ratios to be considered for investing in
stocks.
07
(b) If you are a Financial Planner, what type of borrowing options
you will suggest to a salaried person?
07
OR
Q.4 (a) Discuss the various types of bonds as an investment avenue. 07
(b) If you want to invest in real estate sector, then what various
advantages and disadvantages you will have for the it?
07
Q.5 Case Study Read the case and answers the questions.
A seven year old boy, Dennis, is playing soccer in his driveway.
People are loading boxes and furniture into a moving van, and
Dennis asks his mom, Diane, why his neighbor and friend,
Cathy, is moving. Diane explains to her son that Cathy is
moving because her daddy died and her mommy could not
afford to live in that house anymore.
The death of Diane?s neighbor made her start to think: what
would happen if she or her husband, Jim, dies? Jim has a life
insurance policy from his work, but that equals only about one
year?s salary. That?s not enough. Diane and Jim realize they
need more life insurance and contact an insurance agent to help
them determine their insurance needs.
Mark Savalle, an insurance agent from New York Life
Insurance Company, explains how to choose an insurance agent
and insurance company. He states that an insurance company
must be rated ?A? or better by standard and poor, Duff and
14
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1
Seat No.: ________ Enrolment No.___________
GUJARAT TECHNOLOGICAL UNIVERSITY
MBA ? SEMESTER (3) ? EXAMINATION ? SUMMER 2016
Subject Code: 2830010 Date: 02/05/2016
Subject Name: Financial Planning (FP)
Time: 10.30 AM TO 01.30 PM Total Marks: 70
Instructions:
1. Attempt all questions.
2. Make suitable assumptions wherever necessary.
3. Figures to the right indicate full marks.
Q.
No.
Q.1
(a)
Answer the following 6
1. Creating and implementing a budget includes _______________
A. Assess your current situation B. Planning your financial direction
C. Implementing your budget D. All of above
2.
____________________ is very important aspect for salaried person to do financial
planning.
A. Income Tax B. Locker System
C. Job Search D. None
3.
You withdraw money with the help of ________________
A. Credit card B. Debit Card
C. ATM Card D. All of given cards
4.
Following is the first step for career planning and advancement process.
A. Evaluate employment market and
identify specific employment
opportunity
B. Develop a resume and cover letter
C. Interview for available position and
assess yr interview procedure
D. Assess and research proposal goals,
abilities and career field
5.
Following is not a source of finance.
A.
Bank OD B. Bank loan
C.
Insurance D. Shroff
6.
If you want to buy a home, which source of fund is most advisable?
A.
Home Loan B. Loan from union
C.
Loan from relative D. None
Q.1 (b) Define the Following
1. Tax Liability
2. Bankruptcy
3. Net worth
4. Statement of Purpose
04
Q.1 (c) Answer in Short
1. List the various Disadvantages of Credit card.
2. List the factor affecting to selection of life insurance
plan.
04
2
3. What are the five Cs of Credit?
4. What are the various types of Life Insurance?
Q.2 (a) What are the main components of personal financial planning
Process?
07
(b) If you are a salaried person and making personal financial
planning for your future. What factors will influence to that
task?
07
OR
(b) Budget is very effective tool to manage the income and
expenses in everybody?s life. Discuss some important qualities
of Budget.
07
Q.3 (a) Explain the various types of financial services. 07
(b) Prepare an Income statement for person who belong to a middle
class. Consider monthly income is Rs. 50,000/- and various
expenses to live a normal life.
07
OR
Q.3 (a) Discuss various investments avenues in Indian terms. 07
(b) If you want to buy Motor Vehicle insurance, what vehicle
insurance provisions will be available to you?
07
Q.4 (a) Discuss various types of Ratios to be considered for investing in
stocks.
07
(b) If you are a Financial Planner, what type of borrowing options
you will suggest to a salaried person?
07
OR
Q.4 (a) Discuss the various types of bonds as an investment avenue. 07
(b) If you want to invest in real estate sector, then what various
advantages and disadvantages you will have for the it?
07
Q.5 Case Study Read the case and answers the questions.
A seven year old boy, Dennis, is playing soccer in his driveway.
People are loading boxes and furniture into a moving van, and
Dennis asks his mom, Diane, why his neighbor and friend,
Cathy, is moving. Diane explains to her son that Cathy is
moving because her daddy died and her mommy could not
afford to live in that house anymore.
The death of Diane?s neighbor made her start to think: what
would happen if she or her husband, Jim, dies? Jim has a life
insurance policy from his work, but that equals only about one
year?s salary. That?s not enough. Diane and Jim realize they
need more life insurance and contact an insurance agent to help
them determine their insurance needs.
Mark Savalle, an insurance agent from New York Life
Insurance Company, explains how to choose an insurance agent
and insurance company. He states that an insurance company
must be rated ?A? or better by standard and poor, Duff and
14
3
Phelp, Moody?s and Weiss.
Jonathan Pond offers two reasons why it is difficult to get a
good idea about how much life insurance you need. However,
the need for life insurance is greeted during early years and it
decreases during the middle years, when leave the house. In
many cases, there is no need for life insurance during retirement
years, when income continues even after the death of one of the
spouses.
Jim and Diane meet with their insurance agent and determine
how much insurance they need if Jim or Diane died. Of course,
Jim?s $45000 life insurance from his employer was just not
enough.
Questions.
1. What triggered Jim and Diane to start thinking about life
insurance?
2. How much life insurance did Jim have from his
employer? Is it adequate? Explain your answer.
3. What was the couple?s first step once they determined
they needed more life insurance?
4. What is Mark Savalle?s advice to those looking for life
insurance?
OR
Q.5
Case Study Read the case and answers the questions.
Meet Martin and Luz Marcotte. Martin is a 38 year-old successful
graphic designer and Luz is a 35 year-old counseling psychologist
working at a state facility in Kansas. They have a seven year-old
daughter Paloma, who is in the first grade, and a two year-old son
Joel, who attends the nearby daycare center.
The Marcottes will be facing numerous challenges that will require
them to practice sound financial decision making, and, in instances
where there is a sufficient time horizon, some prudent financial
planning. Luz is currently finishing her doctoral program in
Psychology, while maintaining a part-time status at the Habilitation
Center where she works. The Marcottes own a home, two cars, have
approximately $10,000 saved up in various savings and investment
accounts, and own some assets around the house. They are also
invested in their 401ks that they maintain at their respective places of
employment.
This couple is facing some financial issues that they have not yet
addressed. Although they both have jobs where they make decent
salaries, they have not really thought about their children?s
educational needs. Inflation in the cost of college education is a
reality for most parents, which has to be kept in mind when planning
for the future. Moreover, Martin?s mother is in her late seventies, and
has been facing declining health. She will not be able to live by
herself for much longer. Luz, who originally hails from Peru, sends
money to her family regularly, but her parents are aging and may
need more financial assistance in the future.
14
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1
Seat No.: ________ Enrolment No.___________
GUJARAT TECHNOLOGICAL UNIVERSITY
MBA ? SEMESTER (3) ? EXAMINATION ? SUMMER 2016
Subject Code: 2830010 Date: 02/05/2016
Subject Name: Financial Planning (FP)
Time: 10.30 AM TO 01.30 PM Total Marks: 70
Instructions:
1. Attempt all questions.
2. Make suitable assumptions wherever necessary.
3. Figures to the right indicate full marks.
Q.
No.
Q.1
(a)
Answer the following 6
1. Creating and implementing a budget includes _______________
A. Assess your current situation B. Planning your financial direction
C. Implementing your budget D. All of above
2.
____________________ is very important aspect for salaried person to do financial
planning.
A. Income Tax B. Locker System
C. Job Search D. None
3.
You withdraw money with the help of ________________
A. Credit card B. Debit Card
C. ATM Card D. All of given cards
4.
Following is the first step for career planning and advancement process.
A. Evaluate employment market and
identify specific employment
opportunity
B. Develop a resume and cover letter
C. Interview for available position and
assess yr interview procedure
D. Assess and research proposal goals,
abilities and career field
5.
Following is not a source of finance.
A.
Bank OD B. Bank loan
C.
Insurance D. Shroff
6.
If you want to buy a home, which source of fund is most advisable?
A.
Home Loan B. Loan from union
C.
Loan from relative D. None
Q.1 (b) Define the Following
1. Tax Liability
2. Bankruptcy
3. Net worth
4. Statement of Purpose
04
Q.1 (c) Answer in Short
1. List the various Disadvantages of Credit card.
2. List the factor affecting to selection of life insurance
plan.
04
2
3. What are the five Cs of Credit?
4. What are the various types of Life Insurance?
Q.2 (a) What are the main components of personal financial planning
Process?
07
(b) If you are a salaried person and making personal financial
planning for your future. What factors will influence to that
task?
07
OR
(b) Budget is very effective tool to manage the income and
expenses in everybody?s life. Discuss some important qualities
of Budget.
07
Q.3 (a) Explain the various types of financial services. 07
(b) Prepare an Income statement for person who belong to a middle
class. Consider monthly income is Rs. 50,000/- and various
expenses to live a normal life.
07
OR
Q.3 (a) Discuss various investments avenues in Indian terms. 07
(b) If you want to buy Motor Vehicle insurance, what vehicle
insurance provisions will be available to you?
07
Q.4 (a) Discuss various types of Ratios to be considered for investing in
stocks.
07
(b) If you are a Financial Planner, what type of borrowing options
you will suggest to a salaried person?
07
OR
Q.4 (a) Discuss the various types of bonds as an investment avenue. 07
(b) If you want to invest in real estate sector, then what various
advantages and disadvantages you will have for the it?
07
Q.5 Case Study Read the case and answers the questions.
A seven year old boy, Dennis, is playing soccer in his driveway.
People are loading boxes and furniture into a moving van, and
Dennis asks his mom, Diane, why his neighbor and friend,
Cathy, is moving. Diane explains to her son that Cathy is
moving because her daddy died and her mommy could not
afford to live in that house anymore.
The death of Diane?s neighbor made her start to think: what
would happen if she or her husband, Jim, dies? Jim has a life
insurance policy from his work, but that equals only about one
year?s salary. That?s not enough. Diane and Jim realize they
need more life insurance and contact an insurance agent to help
them determine their insurance needs.
Mark Savalle, an insurance agent from New York Life
Insurance Company, explains how to choose an insurance agent
and insurance company. He states that an insurance company
must be rated ?A? or better by standard and poor, Duff and
14
3
Phelp, Moody?s and Weiss.
Jonathan Pond offers two reasons why it is difficult to get a
good idea about how much life insurance you need. However,
the need for life insurance is greeted during early years and it
decreases during the middle years, when leave the house. In
many cases, there is no need for life insurance during retirement
years, when income continues even after the death of one of the
spouses.
Jim and Diane meet with their insurance agent and determine
how much insurance they need if Jim or Diane died. Of course,
Jim?s $45000 life insurance from his employer was just not
enough.
Questions.
1. What triggered Jim and Diane to start thinking about life
insurance?
2. How much life insurance did Jim have from his
employer? Is it adequate? Explain your answer.
3. What was the couple?s first step once they determined
they needed more life insurance?
4. What is Mark Savalle?s advice to those looking for life
insurance?
OR
Q.5
Case Study Read the case and answers the questions.
Meet Martin and Luz Marcotte. Martin is a 38 year-old successful
graphic designer and Luz is a 35 year-old counseling psychologist
working at a state facility in Kansas. They have a seven year-old
daughter Paloma, who is in the first grade, and a two year-old son
Joel, who attends the nearby daycare center.
The Marcottes will be facing numerous challenges that will require
them to practice sound financial decision making, and, in instances
where there is a sufficient time horizon, some prudent financial
planning. Luz is currently finishing her doctoral program in
Psychology, while maintaining a part-time status at the Habilitation
Center where she works. The Marcottes own a home, two cars, have
approximately $10,000 saved up in various savings and investment
accounts, and own some assets around the house. They are also
invested in their 401ks that they maintain at their respective places of
employment.
This couple is facing some financial issues that they have not yet
addressed. Although they both have jobs where they make decent
salaries, they have not really thought about their children?s
educational needs. Inflation in the cost of college education is a
reality for most parents, which has to be kept in mind when planning
for the future. Moreover, Martin?s mother is in her late seventies, and
has been facing declining health. She will not be able to live by
herself for much longer. Luz, who originally hails from Peru, sends
money to her family regularly, but her parents are aging and may
need more financial assistance in the future.
14
4
Lastly, due to the Marcottes?s fairly hectic lifestyle, they have not
given much thought to their own retirements, or the possibility of
how they would handle a layoff from work.
QUESTIONS
1. What are the areas of financial concerns that the Marcottes
are currently facing?
2. The Marcottes are making some financial decisions that will
help them in the future. In your estimation, what are the
sound decisions they?ve already made?
3. College education is increasing at a rate of 10% per year. If
college cost is running at $22,000 a year today, what will the
Marcottes need to have saved up for Paloma in 7 years and
for Joel in fifteen years? Assume that the Marcottes are in the
25% tax bracket, and 6.8% for the state taxes. You can
assume that the Marcottes earn 6% on their investments. You
can use the financial calculator at www.kiplinger.com to find
the answer. Find ?calculator? on the website and use the
?planning? category. Assume that the Marcottes can only
save $100 a month towards each child?s educational funding.
4. What is the opportunity cost for the family while Luz is
pursuing her Doctorate in Psychology?
*************
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This post was last modified on 19 February 2020