Personal Finance Question Paper December 2024 [Dibrugarh University BCOM 3rd SEM NEP Syllabus]

Personal Finance Question Paper December 2024
Dibrugarh University BCOM 3rd SEM NEP Syllabus

GECCOM3A – Personal Finance

Full Marks: 60

Time: 2 hours

The figures in the margin indicates full marks for the questions

1. (a) Write True or False (1×4=4)

i. Financial planning is a process through which an individual can chart a roadmap to meet expected and unforeseen needs in life.

ii. The another term of Net worth is working capital.

iii. Any sum received on life insurance policy including Bonus is not chargeable to tax.

iv. Risk communication and risk perception are essential factors for all human decision-making.

(b) Fill in the blanks (1×4=4)

i. Future Value = Present Value × (1 + __) ⁿ

ii. Life goals should depend on __ goals.

iii. Tax evasion is __.

iv. __ risk is the variability of return on portfolios not explained by general market movements.

2. Write short notes on any three (4×3=12)

a. Time value of money

b. Budget and evaluation of budget

c. Deductions under Section 80C of the Income-tax Act

d. Tax deducted at source

e. Health insurance

3. (a) “Personal financial planning is a broader term that implies more than mere investment advice and subsequent placement of funds.” Discuss the statement in light of financial planning process and its significance in today’s financial markets.

Or

(b) Calculate the compound value of ₹10,000 at the end of 3 years at 12% rate of interest when interest is calculated on: (5+5 = 10)

i. yearly basis

ii. quarterly basis

4. (a) What are the different types of financial goals? Explain the process of setting long-term financial goals.

Or

(b) Draw a proforma Balance Sheet of financial status with imaginary figures and find out the value of net worth. (10)

5. (a) What is tax planning? What are the differences between tax planning and tax evasion?

Or

(b) Explain the procedure of E-filing of income-tax returns. (10)

6. (a) What are the various sources of credit? Explain in detail. (10)

Or

(b) “Risk and return to be trade off while investment planning.” In the context of this statement, discuss the relationship of risk and return and their measurement.

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