n NISM Certifications
NSM General NISM
Medium

Why is financial planning important?

Practice question from IC 38 Mock Test 1 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Only to save for the future

  2. B

    To invest all savings in high-risk assets

  3. To plan for future needs and invest appropriately

    Correct answer

  4. D

    To spend money on current needs only

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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