Description
This examination covers key concepts in financial literacy, a range of investment possibilities, savings and investment products, insurance and pension plans, retirement planning, the stock market, a warning against ponzi schemes, tax-saving options, investor protection, and investor grievance redressal. Upon completion of this certification, candidates should have a good understanding of a variety of basic yet crucial aspects of personal finance and understand the significance of personal financial planning for their overall financial security.
- Understand the fundamentals of one's financial situation
- Recognize the idea of financial planning and the procedures involved.
- Learn about the different types of investment alternatives and solutions for saving and investing.
- Learn about Mutual Funds and Stock Markets
- Recognize the necessity for, and the many kinds of, insurance.
- Recognize the importance of retirement planning and the key characteristics of different pension plans.
- Recognize the many government programs that are available for pension, insurance, investment, and saving needs.
- Recognize financial fraud and Ponzi scams.
- Recognize the Investor Complaint Investor protection redress measures created by financial sector regulators
Highlight
- The exam is designed for applicants who want to have their knowledge of banking, securities, insurance, and pensions as well as their financial literacy and comprehension evaluated.
- Enhancing financial literacy aims to guarantee a fundamental comprehension of the several facets of financial planning for an individual and/or a household.
- Financial literacy fundamentals, a range of investment options, savings and investment products, insurance and pension plans, retirement planning, the stock market, warnings about Ponzi schemes, tax savings possibilities, investor protection, and investor grievance redressal are all covered in this exam.
Objective
- Understand the fundamentals of personal finance
- Recognize the value of saving and budgeting, as well as the compounding effect
- Be familiar with stock markets and mutual funds
- Recognize the concept and necessity of insurance, as well as the various types of insurance
- Recognize the importance of retirement planning and the salient features of various pension products
- Be aware of the various government schemes available for saving, investing, insurance, and pension needs
- Recognize Ponzi schemes and financial frauds
- Understand the Investor Grievance Redressal methods created for investor protection by financial sector authorities.
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