0% found this document useful (0 votes)
2 views11 pages

Untitled document (1)

The document is a compilation of important questions and answers related to the Integrated Personality Development Course (IPDC), covering various topics such as goal setting, teamwork, leadership, moral values, stress management, and financial planning. It includes true/false questions and multiple-choice questions that emphasize the significance of personal development and ethical behavior. The content is derived from official IPDC question banks and GTU exam papers, aiming to guide individuals in their personal and professional growth.

Uploaded by

thecuriousirfan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
0% found this document useful (0 votes)
2 views11 pages

Untitled document (1)

The document is a compilation of important questions and answers related to the Integrated Personality Development Course (IPDC), covering various topics such as goal setting, teamwork, leadership, moral values, stress management, and financial planning. It includes true/false questions and multiple-choice questions that emphasize the significance of personal development and ethical behavior. The content is derived from official IPDC question banks and GTU exam papers, aiming to guide individuals in their personal and professional growth.

Uploaded by

thecuriousirfan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 11

Integrated Personality Development Course (IPDC) - Most Important Questions with Answers

(Compiled from Official IPDC Question Bank & GTU Exam Papers)

01. When you live a life without any direction, you will not move far in any one direction.​
A. TRUE​
b. False

02. To achieve your long-term goals, you need to create smaller short-term goals to guide your life in the
right direction.​
A. TRUE​
b. False

03. The more you visualize your long-term goals, the fewer chances there are of achieving them.​
a. True​
B. FALSE

04. Short term goals should be time-bound.​


A. TRUE​
b. False

05. Clear goals will give our lives a clear direction.​


A. TRUE​
b. False

06. There is no risk of addiction when smoking cigarettes occasionally to please one’s friends.​
a. True​
B. FALSE

07. Drinking alcohol is only harmful to the health of the elderly but not to the youth.​
a. True​
B. FALSE

08. It is our duty to kindly encourage our family members to give up their bad addictions.​
A. TRUE​
b. False

09. Seva should be performed with compassion.​


A. TRUE​
b. False

10. Being generous can make us happier.​


A. TRUE​
b. False

11. Seva should be performed with the expectation of a reward.​


a. True​
B. FALSE

12. Working in a team helps you gain new perspectives.​


A. TRUE​
b. False
13. We should learn to be adaptable when working in a team.​
A. TRUE​
b. False

14. The biggest role of a team member is to take credit for the team's success.​
a. True​
B. FALSE

15. A good team member is willing to sacrifice something for the team.​
A. TRUE​
b. False

16. Legends create everlasting impressions.​


A. TRUE​
b. False

17. It is possible to lead with humility.​


A. TRUE​
b. False

18. The most effective way to lead is by making workers feel inferior.​
a. True​
B. FALSE

19. An aggressive leadership style is generally the most effective.​


a. True​
B. FALSE

20. A country without value-based citizens can create an environment of crime and corruption.​
A. TRUE​
b. False

21. To become value-based citizens, we must learn asset valuation techniques.​


a. True​
B. FALSE

22. Moral values are a universal necessity.​


A. TRUE​
b. False

23. Unfair treatment promotes a productive environment.​


a. True​
B. FALSE

24. We should always be accountable for our actions and be honest with the people who are depending on
us.​
A. TRUE​
b. False

25. By completing the small things sincerely, it encourages you to do the big things better.​
A. TRUE​
b. False

26. Focus on perfecting only the big things. The small things are not as important.​
a. True​
B. FALSE
27. Good character is essential in our personal lives, but not in the workplace.​
a. True​
B. FALSE

28. It is possible for a person to bring change in his/her attitude.​


A. TRUE​
b. False

29. Being punctual in the workplace is unimportant.​


a. True​
B. FALSE

30. Death can teach us about life.​


A. TRUE​
b. False

31. Whatever happens, happens for the worst.​


a. True​
B. FALSE

32. Realising our lifespan as finite can allow us to become more productive.​
A. TRUE​
b. False

33. Forgiveness can release us from the burden of regret and guilt. It can bring peace to our minds.​
A. TRUE​
b. False

34. Asking for forgiveness is an act of a coward.​


a. True​
B. FALSE

35. Ask for forgiveness because relationships are more important than our ego.​
A. TRUE​
b. False

36. Failure makes a person become worthless.​


a. True​
B. FALSE

37. Stress is a physical reaction to a mental state.​


A. TRUE​
b. False

38. Children are not affected by stress.​


a. True​
B. FALSE

39. Stress affects our health.​


A. TRUE​
b. False

40. Our eating habits can affect stress levels.​


A. TRUE​
b. False
41. We should limit the number of sugary drinks we drink.​
A. TRUE​
b. False

42. Physical exercise can reduce stress levels.​


A. TRUE​
b. False

43. The recommended amount of moderate physical exercise is 100 minutes per week.​
a. True​
B. FALSE

44. Most health professionals say that is ideal to get 6 hours of sleep every night.​
a. True​
B. FALSE

45. Physical exercise impacts our mental wellbeing.​


A. TRUE​
b. False

46. Financial planning can help one move abroad or buy a house.​
A. TRUE​
b. False

47. A mid-term financial goal cannot be achieved straight away but should only take a few years to achieve.​
A. TRUE​
b. False

48. Compounding is a process of growing.​


A. TRUE​
b. False

49. The company we keep has little influence on our development and decisions.​
a. True​
B. FALSE

50. The company you keep has the potential can make you or break you.​
A. TRUE​
b. False

51. What is the meaning of "begin with the end in mind"?​


A. YOU SHOULD ENVISION WHERE YOU WANT TO BE IN FUTURE AND STRUCTURE YOUR LIFE NOW TO
GIVE DIRECTION TO REACH YOUR GOAL​
b. You should end the task while remembering the start point

52. "One should analyse oneself continually, introspect and think that ..."​
A. THIS IS STILL TO BE DONE, AND WHAT HAVE I COME TO DO, AND WHAT IS HAPPENING?​
b. I have enough time to do this task later

53. What is the first step to begin with the end in mind?​
A. VISUALIZE YOUR LONG-TERM GOAL​
b. Create good daily routines

54. Short term goals should be ...?​


A. RELEVANT TO YOUR LONG-TERM GOAL​
b. Not be time-bound
55. What does "S" stand for in the "SMART" method?​
A. SPECIFIC​
b. Standard

56. To achieve your short-term goal…​


A. YOUR DAILY ROUTINE SHOULD INCLUDE ACTIVITIES THAT HELP TO ACHIEVE IT​
b. You should avoid focusing on your daily habits

57. Drug addictions negatively impact…​


A. HEALTH, WEALTH, AND FAMILY​
b. Only health

58. Least likely reason for drug addiction?​


B. THE DESIRE TO FORM AN ADDICTION​
a. Peer pressure

59. Which method can help an addict overcome addiction?​


A. FIRMLY DECIDE TO GIVE UP​
b. Reject assistance

60. How many adult smokers began before age 18?​


D. 9/10​
a. 3/10

61. What was the fate of Devashish Ghosh?​


D. HE IS WORKING AT A CLOTHING PROCESSING FACTORY IN AHMEDABAD​
a. He is working at NASA

62. Why do some use recreational drugs?​


D. ONE WILL USE THEM TO IMPROVE SOCIAL STATUS​
b. Curiosity

63. Which service was NOT provided in Bhuj earthquake?​


B. MOBILE PHONES​
a. Postcards

64. Carl Joss described seva experience as…​


A. "THE BEST BIRTHDAY GIFT THAT ANYONE COULD HAVE GIVEN ME"​
d. "It was hard to see the people suffering"

65. What seva did Carl Joss NOT do?​


C. DONATING MONEY​
a. Cutting vegetables

66. Why could Hillary & Norgay climb Everest?​


C. THEY WERE PART OF A TEAM THAT WORKED SELFLESSLY​
a. Took government permission

67. NOT a good team player trait?​


C. HALF-HEARTEDNESS​
a. Respect

68. How did Norgay climb Everest?​


A. WITH UNSELFISH TEAMWORK​
c. Tried to get ahead on his own
69. What does NOT help teamwork?​
C. MAKE SURE TO CLAIM YOUR CREDIT​
a. Sacrifice

70. Pramukh Swami studied till?​


A. 6TH STANDARD​
c. 10th standard

71. What did Pramukh Swami do first after appointment in 1950?​


C. WASH DISHES AND UTENSILS​
d. Travel overseas

72. What did Anjali Ahuja do every Wednesday?​


B. MEET WITH HER MENTOR TO REVIEW HER PROGRESS​
a. Take a nap

73. What did Pramukh Swami do when workers refused to work?​


A. LIFTING TILES​
c. Giving a discourse

74. Who was Mahatma Gandhi’s personal secretary?​


C. MAHADEV DESAI​
d. V. P. Menon

75. What is NOT a way to change perception positively?​


A. MAKE OTHERS FEEL YOUR IMPORTANCE​
b. Look at the bigger picture

76. Completing a task on time is called…​


C. PUNCTUALITY​
a. Loyalty

77. How did Mahadev Desai earn Gandhi’s trust?​


D. ALL OF THE ABOVE​
a. By being loyal

78. How did Walt Disney improve employee attitude?​


B. GAVE THEM A NEW PERSPECTIVE IN WHICH TO VIEW THEIR ROLE​
c. Hired motivational speakers

79. What did the NASA sweeper reply?​


A. "I'M HELPING PUT A MAN ON THE MOON."​
b. I clean the premises

80. Realizing life is finite does NOT lead to…​


C. INCREASE OUR LIFESPAN​
b. Clarity

81. NOT a powerful thought from 'Timeless Wisdom'​


D. WHEN THE GOING GETS TOUGH, THE TOUGH GET GOING​
a. Live every day as if it were your last

82. Who realized life is finite after cancer?​


B. STEVE JOBS​
a. Bill Gates
83. Raj’s response to father’s gift of Gita?​
A. HE NEVER SPOKE TO HIS FATHER AGAIN​
c. Asked for an explanation

84. NOT a tip for asking forgiveness?​


B. MAKE EXCUSES​
a. Apologize

85. NOT part of forgiving?​


C. THINK OF THE PERSON'S FLAWS AND SHARE THEM WITH OTHERS​
d. Take your time

86. Asking for forgiveness is an act of…​


A. COURAGEOUS​
b. Weak

87. After forgiving someone, we should…​


C. FORGET THEIR MISTAKE AND MOVE ON​
a. Remind them

88. NOT effective for relieving stress?​


C. SMOKING CIGARETTES​
b. Rest

89. Performing exercise is…​


B. IMPORTANT BUT NOT URGENT​
a. Urgent

90. Mindless web-browsing is…​


D. NOT IMPORTANT & NOT URGENT​
c. Urgent

91. False statement about exercise?​


D. PHYSICAL EXERCISE CAN CHANGE THE COLOUR OF THE BRAIN​
a. Increases creativity

92. Fruits & veggies should cover…​


D. 50%​
c. 40%

93. Healthy proteins should cover…​


B. 25%​
a. 15%

94. What does NOT benefit from financial planning?​


C. EXAM TECHNIQUE​
a. Retirement

95. Buying a smartphone is a…​


A. SHORT-TERM GOAL​
b. Mid-term

96. Which is a fixed-voluntary cost?​


B. GYM MEMBERSHIP​
a. Rent
97. How much should be in emergency fund (secure job)?​
C. AT LEAST 3 MONTHS' WORTH​
b. 2 months

98. NOT a component of financial planning?​


B. INVESTING IN AN ORIENT FUND​
a. Compound interest

99. What caused Mangesh Mhaskar’s downfall?​


D. BAD COMPANY​
c. Lack of support

100. How to create a good environment?​


A. READ GOOD BOOKS​
c. Keep negative thoughts

101. Rajesh has cleared his 12th standard exam with good grades. He is confused about the selection of his degree
course. What should Rajesh do? (Lecture 16)​
A. HE SHOULD SEEK SOME ADVICE IN CHOOSING A COURSE THAT IS RELEVANT TO HIS PROSPECTIVE
CAREER CHOICE.​
b. He should select the course that is most popular with his friends and other students.

102. Amit is a very bright student. He wants to be an engineer and get entry to the best company in his field. He has
just got admission into the engineering institute that he desired, now what should Amit follow: (Lecture 16)​
a. Amit should try to settle down into the new atmosphere, observe what others are doing and should follow in their
footsteps.​
B. AMIT SHOULD DEFINE SOME SHORT-TERM GOALS THAT WILL HELP GET ENTRY INTO THE COMPANY
OF HIS CHOICE

103. Anjali is an average Student. She has set a clear long-term goal to join the Civil Services. With the help from
experts, she has set some short-term goals too, but she is struggling to achieve them. What should she do? (Lecture
16)​
a. Anjali should change her long-term goal to something easier​
B. ANJALI SHOULD CREATE A DAILY ROUTINE THAT WILL HELP HER ACHIEVE HER SHORT-TERM
TARGETS

104. What can we learn from the following Alexander-The-Great quote: "Bury my body, do not build any monument,
keep my hands outside so that the world knows the person who won the world had nothing in his hands when dying"?
(Lecture 16)​
a. Great people often die unhappy.​
B. MATERIAL GAIN AND REPUTATION ARE NOT THE MOST IMPORTANT THING IN LIFE.

105. Neel’s friend encourages him to smoke some cigarettes because he believes that ‘there is no harm in trying it
once’. Why should Neel decline his friend’s offer to smoke? (Lecture 17)​
A. SMOKING IS HARMFUL AND CAN BECOME ADDICTIVE.​
b. Smoking can be an unpleasant experience for beginners.

106. Devashish Ghosh, an intelligent youth, had great career prospects. But he became addicted to various drugs.
The Defence Ministry found him in possession of drugs and blacklisted him. This ruined his career. How do you think
Devashish Ghosh could have avoided this situation? (Lecture 17)​
a. Devashish should have only used drugs occasionally during his vacation time.​
B. DEVASHISH SHOULD NOT HAVE TAKEN THE RISK. HE SHOULD HAVE AVOIDED THE USE OF DRUGS
COMPLETELY.

107. Sejal often gets stressed because she has financial difficulties. She is also addicted to cigarettes, smoking 15
cigarettes daily. She refuses to stop smoking because she says that it helps control her stress. Do you think it is
beneficial for her to stop smoking? (Lecture 17)​
A. YES. SPENDING MONEY ON CIGARETTES IS WASTING HER MONEY. IF SHE CAN BE STRONG AND GIVE
UP HER ADDICTION, THEN THIS WILL BE MORE BENEFICIAL IN THE LONG TERM.​
b. No. By trying to stop smoking she will get more stressed. Which will only make her situation worse.

108. A charitable NGO is planning on building a school for the local orphans. During the discussion, one volunteer
suggests installing air coolers into the school so that the students feel comfortable during the summer. Some other
members disagree as it would mean increasing the fundraising target by 5%. What would you suggest? (Lecture 18)​
A. "IT WILL BE WORTH THE EXTRA EFFORT OF FUNDRAISING SO THAT THE STUDENTS FEEL MORE
COMFORTABLE."​
b. "We should only focus on the basic necessities needed to build the school."

109. The local community has organised a one-day cleanup event. The organisers have invited the local minister
alongside sixty members of the community to clean all the trash in the village river. The local media has been asked
to attend the event to record and publicise the good efforts of the minister and community. However, the media has
not confirmed their invitation and so their attendance cannot be guaranteed. Upon hearing this, the minister is
considering whether to attend the event or not, what would you advise him? (Lecture 18)​
a. You should request the organisers to postpone the event until the media guarantees their attendance.​
B. YOU SHOULD ATTEND THE EVENT EVEN IF THE MEDIA DOES NOT ATTEND BECAUSE IT IS A GOOD
CAUSE.

110. Sanjay is part of a district football team. So far, he has played a crucial role in getting his team to the finals of the
state championship. Today, Sanjay has been scheduled to play in the final match, but Sanjay's back has started
hurting in a way that affects his performance. Help him decide what advice he should take from the options below.
(Lecture 19)​
a. Do not tell anyone and play the match even with the chance that your performance might get impacted. If you do
not play the match, you might not get the recognition you deserve.​
B. ALERT YOUR COACH ABOUT IT, EVEN IF THAT MEANS HE MAY NOT LET YOU PLAY IN THE MATCH. IT
IS BETTER TO DO WHAT IS BEST FOR THE TEAM EVEN IF IT MEANS MISSING OUT ON A BIG
OPPORTUNITY.

111. Anmol has been given the responsibility to lead a new project for an IT company. One of his responsibilities is to
hire new people into his team. Which approach do you think is the best to take? (Lecture 19)​
a. Make a team with less diversity to help avoid conflicts and confusion.​
B. MAKE A TEAM WITH MORE DIVERSITY TO INCREASE INNOVATION, DIFFERENT PERSPECTIVES, AND
GREATER ACCEPTANCE.

112. Which attribute of a good team player is emphasised in the quote, “Teamwork: simply stated, it is less me and
more we.”? (Lecture 19)​
A. A GOOD TEAM PLAYER SHOULD BE ABLE TO SACRIFICE HIS PERSONAL GAINS FOR THE SUCCESS
OF THE TEAM​
b. A good team player should be able to change his personality to fit in with the team.

113. What is the best way to describe the leadership concept 'Leading Without Leading'? (Lecture 21)​
a. Great leaders should delegate as much work as possible to free up their time for the most important things.​
B. GREAT LEADERS CAN LEAD THROUGH A GOOD EXAMPLE INSTEAD OF A MORE COMMANDING
NATURE.

114. What leadership style best describes the following quotation: “As we look ahead into the next century, leaders
will be those who empower others.” [Bill Gates] (Lecture 21)​
a. Delegative Leadership​
B. SERVANT LEADERSHIP

115. Jeff Garcia, a former American football player, was admired for his leadership in the following way: "Jeff Garcia
showed up every day to do the work - first one to practice, first one out the tunnel - and in the way he carried himself
he demanded that you do the same." [Jon Dorenbos, Life is Magic], Which of the following leadership style best
represents the above quote? (Lecture 21)​
A. LEAD BY EXAMPLE​
b. First in, is the first to win

116. Manan is an intelligent college student. But he often gets late to class, and he rarely submits the assignments on
time. His professor is new at his role and has not noticed Manan's absences. What should Manan do? (Lecture 23)​
a. Manan can maintain his lifestyle but should also stay aware such that his grades do not suffer as a result.​
B. HE SHOULD BECOME MORE PUNCTUAL IN HIS ATTENDANCE AND SUBMISSIONS.

117. What is the closest interpretation of the following quote: "‘Small things make perfection, but perfection is not a
small thing”? (Lecture 23)​
A. TRY TO BRING PERFECTION INTO THE SMALL TASKS OF YOUR DAY-TO-DAY LIFE. PERFECTION IN
SMALL TASKS DRIVES OUR LIFE TO PERFECTION.​
b. Perfection is very important for your career. Bring perfection into your important tasks as a student or as a
professional.

118. Archana is a software engineer. She likes to work on program designing and coding. But she does not like to do
the supporting documentation work. She finds it unimportant as it is not normally used by anyone. It needs to be done
to adhere to the general organization standards. What should Archana do? (Lecture 23)​
a. Complete the documentation work by noting down only the biggest details. The supporting document feels
unimportant and is unlikely to be used anyway.​
B. COMPLETE THE DOCUMENTATION WORK SINCERELY. FOLLOW THE ORGANIZATION GUIDELINES TO
SPECIFY THE DETAILS. EVEN IF IT SEEMS UNIMPORTANT, SHE SHOULD BE SINCERE IN COMPLETING
HER WORK.

119. Every morning Steve Jobs asked himself: "If today was the last day of my life, would I want to do what I am
about to do today?" From the following two statements, pick that which you think best explains Jobs' quote. (Lecture
24)​
A. JOBS WANTED TO REMIND HIMSELF OF WHAT IS MOST IMPORTANT IN HIS LIFE AND TO CONTINUE
WORKING IN THAT DIRECTION.​
b. Jobs wanted to focus more on achieving short term benefits instead of making long term investments.

120. "Death teaches about life." Which of the following statements best explains the importance of this quotation?
(Lecture 24)​
a. We should accept that everything has an ending point.​
B. REALIZING OUR LIFE AS FINITE CAN IMPROVE OUR PRODUCTIVITY, CLARITY, AND STABILITY.

121. Anamika and Aditi are friends. But Aditi forgot to invite Anamika to her birthday celebration. Anamika felt upset
that she was left out. A few weeks later, Anamika's birthday anniversary is now soon approaching, and she is
planning her birthday celebration. What should Anamika do? (Lecture 25)​
a. Invite Aditi to her birthday celebration. This will make Aditi realise her mistake and more likely to apologise.​
B. INVITE ADITI TO HER BIRTHDAY CELEBRATION AND BRIDGE THE GAP IN THEIR FRIENDSHIP.

122. Due to poor exam results, Rahul's father scolded him in front of his friends. Rahul felt it was insulting and had an
argument with her father in the evening because of this reason. After the argument, Rahul felt even more disturbed.
What advice would you give to Rahul? (Lecture 25)​
a. Meet your father and say sorry to him. A gentle talk may inspire your father to realise that he should not have
scolded you in front of your friends.​
B. MEET YOUR FATHER AND SAY SORRY TO HIM. ACCEPT YOUR FAULT AND APOLOGISE FOR YOUR
IMPROPER BEHAVIOUR. PROMISE HIM THAT YOU WILL WORK HARDER FOR YOUR STUDIES FROM NOW
ONWARD.

123. Avinash stays in a hostel. Raj is his roommate. Raj is very notorious and has a habit of mocking everyone most
of the time. After a few months, Raj stopped teasing Avinash. But Avinash has started to hate Raj because of his
nature. He gets disturbed just by looking at Raj. What should Avinash do to feel more positive? (Lecture 25)​
a. Change rooms and avoid speaking to Raj. That way he cannot ruin his mood.​
B. TRY AND FORGIVE RAJ FOR HIS MOCKING NATURE. FOCUS ON HIS POSITIVE QUALITIES INSTEAD.
124. ‘Resentment is like drinking poison and then hoping it will kill your enemies.’ - What is the most useful lesson to
learn from this famous quote by Nelson Mandela? (Lecture 25)​
A. KEEPING BITTER EMOTIONS FOR THOSE WHO HAVE HURT US WILL ONLY PROVE TO BE
SELF-DESTRUCTIVE. SO, WE SHOULD LEARN TO FORGIVE OTHERS FOR OUR OWN PEACE OF MIND.​
b. Keeping bitter emotions for your enemies is unlikely to inflict harm on them. It is better to act upon it instead.

125. Which of the following do you think is the most effective method to become more productive? (Lecture 26)​
a. Create and follow a schedule while neglecting everything else.​
B. FIND YOUR BIGGEST PRIORITIES AND ENSURE THEY ARE SCHEDULED AND COMPLETED.

126. Jatin has important exams approaching in three weeks and is trying to prepare himself accordingly. He is aware
that he will need to commit a decent amount of time to study, but he would also like to give some time for exercise.
How would you suggest that he balances his time? (Lecture 26)​
A. JATIN SHOULD SCHEDULE AT LEAST 30 MINUTES OF EXERCISING EVERY MORNING BEFORE
STUDYING.​
b. Jatin should commit to exercising only on the days when he finds spare time after completing his studies and other
responsibilities.

127. Anil is currently learning to code while also working part-time as an IT consultant. Every morning after studying
at home, he will drive to meet his client at 11 AM. The journey normally takes around 44 minutes. Anil is trying to
decide how to fit this journey into his schedule. Which of the following options do you think is more appropriate?
(Lecture 26)​
a. Anil should leave home at 10:15 AM, so as not to potentially waste any time waiting around.​
B. ANIL SHOULD LEAVE HOME AT 10:05 AM, SO TO INCLUDE BUFFER TIME INTO HIS SCHEDULE.

128. Anjali sleeps for 7 hours a night and wakes up a few hours later on Sunday. However, on Monday mornings,
Anjali often feels more tired than usual and finds it harder to concentrate. How do you think Anjali should adjust her
sleep pattern so that she does not feel extra tired on Monday mornings? (Lecture 27)​
a. Anjali should try to sleep extra early on Sunday night so that she feels well-rested on Monday morning.​
B. ANJALI SHOULD TRY TO KEEP THE SAME SLEEP SCHEDULE ON WEEKDAYS AND WEEKENDS SO AS
NOT TO DISTURB HER BODY CLOCK.

129. The monsoon season saw some serious flooding. The structure of your house has been significantly damaged
because of excessive water exposure. The repair work will cost you ₹5 lakh. How should you go about financing the
repair? (Lecture 29)​
A. CHECK IF YOUR INSURANCE COVERS WATER DAMAGE, MAKE THE NECESSARY INSURANCE CLAIM
AND WITHDRAW THE BALANCE FROM YOUR EMERGENCY FUND.​
b. Check if your insurance covers water damage, make the necessary insurance claim and borrow the balance of the
money from a bank.

130. After graduating, Shivani started working as a data scientist for the last 4 years. She has been earning ₹7 lakh
rupees every year. Now that her 25th birthday is approaching, she is wondering about the best time to start a
retirement fund. What financial plan will allow her to benefit the most? (Lecture 29)​
A. START INVESTING INTO A RETIREMENT FUND STRAIGHT AWAY TO EARN MORE MONEY THROUGH
COMPOUND INTEREST.​
b. For the next 5-7 years, she should keep her money free so she can spend it. She can then start a retirement fund
afterwards.

You might also like