PG – 710

*PG710*

I Semester M.Sc. Degree Examination, January 2015 (Semester Scheme) (CBCS) Home-Science (Resource Management) RM-101 : PERSONAL FINANCE MANAGEMENT Time : 3 Hours

Max. Marks : 70

Instruction : All Sections are compulsory. SECTION – A Answer any five of the following :

(5×3=15)

1. What are the objectives of personal finance ? 2. Mention different types of credit. 3. Define Insurance. 4. What is the difference between shares and debentures ? 5. What is VAT ? 6. Write a note on disposable Income. 7. List down the principles of Insurance. SECTION – B Answer any seven of the following :

(7×5=35)

8. Enumerate the concept of Income management. 9. Explain the merits and demerits of credit and debit cards. 10. Write a short note on any two types of Insurance. 11. What are the advantages and disadvantages of mutual funds ? 12. Discuss the importance of the need for tax payment by the citizens. P.T.O.

PG – 710

-2-

*PG710*

13. Explain the different sources of credit facilities available for a Government Employee. 14. Discuss the different means of supplementing family income. 15. Briefly discuss about direct and indirect taxes. 16. How does GNP effect National Income ? SECTION – C Answer any two of the following :

(2×10=20)

17. Explain the role of savings and credit in financial management. 18. Write a note on the following : a) Budget planning and account keeping. b) Principles of investment. 19. Explain the need and cannons of taxation. ——————