Personal Financial Advisor Test

  • Test Duration: 20 minutes
  • No. of Questions: 20
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About 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


TEST DESCRIPTION

VERBAL ABILITY 
Verbal ability is essential because grammar and vocabulary is a prerequisite for good spoken and written English.

VERBAL REASONING
Reading comprehension indicates ability to comprehend and reason with the concepts in a written page.

QUANTITATIVE APTITUDE 
Quantitative ability will indicate analytical thinking and problem solving ability.

LOGICAL REASONING
Logical Reasoning is assessed through  
•    Statement/Conclusion
•    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
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