Personal Financial Advisor Test
Personal Financial Advisor Test help individuals in managing their personal finances in order to achieve personal goals such as children’s education, house purchase etc. They use the data from the client regarding income and expenses to devise a financial plan. This financial plan depends on the financial objectives of the client. It will outline the nature of investments the client should make over a period of time. For example, it could be a mixture of debt, equity and insurance depending on the risk appetite of the client.
KEY SKILLS REQUIRED:
COMMUNICATION SKILLS - Verbal Ability, Verbal Reasoning
NUMERIC SKILL - Qunatitative Aptitude
CRITICAL THINKING SKILLS - Logical Reasoning
PROBLEM SOLVING SKILLS - Quantitative Aptitude
Verbal ability is essential because grammar and vocabulary is a prerequisite for good spoken and written English.
Reading comprehension indicates ability to comprehend and reason with the concepts in a written page.
Quantitative ability will indicate analytical thinking and problem solving ability.
Logical Reasoning is assessed through
• Cause /Effect and
• Statement/Fact questions
These questions will indicate the quality of deductive reasoning and inductive reasoning which contribute to Critical thinking ability.
Abstract reasoning will indicate the ability to think clearly, identify logical patterns, learn new skills and solve complex problems. It is an indicator of fluid intelligence and shows an ability to strategize.
The Personal Financial Advisor Test Contains:
Verbal Ability - 08 Questions 08 minutes
Verbal Reasoning - 08 Questions 11 minutes
Quantitave Aptitude - 15 Questions 15 minutes
Logical Reasoning - 08 Questions 12 minutes
Abstract Reasoning - 08 Questions 14 minutes