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1460. When undertaking financial planning for individuals without capital, what savings need is likely to be addressed in every single case?

Emergency funds
Funds for children’s savings
Funds for educational costs
House purchase funds
✅ The correct answer is A.
When undertaking financial planning for individuals without capital, Emergency funds savings need is likely to be addressed in every single case. An emergency fund is money that you have set aside to specifically cover any unexpected expenses that may come up.

1465. The free look period available to cancel a policy is –

15 days
30 days
45 days
60 days
✅ The correct answer is A.
The free look period available to cancel a policy is 15 days. The law allows the policyholder 15 days as free-look period from the date of receipt of the policy document. Policyholder is allowed to cancel the policy during this period and get a refund.

1467. Second step in determining efficient portfolios is to consider efficient subset from set of

attainable portfolios
unattainable portfolios
attributable portfolios
non-attributable portfolio
✅ The correct answer is A.
Second step in determining efficient portfolios is to consider efficient subset from set of attainable portfolios. The feasible, or attainable, set represents all portfolios that can be constructed from a given set of stocks. This set is only efficient for part of its combinations. An efficient portfolio is that portfolio which provides the highest expected return for any degree of risk.

1469. FIFO is ________.

Fast Investment in Future Order
First In First Out
Fast In Fast Out
Fast Issue Of Fast Order
✅ The correct answer is B.
“FIFO” stands for first-in, first-out, meaning that the oldest inventory items are recorded as sold first but do not necessarily mean that the exact oldest physical object has been tracked and sold. In other words, the cost associated with the inventory that was purchased first is the cost expensed first.
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