Questions

Personal financial planning is the process of creating and achieving financial goals.

True statements regarding personal financial planning:

As we age, the number and complexity of the financial decisions that we make increases.

There are two means for achieving financial goals—you either need to increase your savings or reduce spending.

A family's resources are limited.

Domestic policy is the decisions made by a government regarding issues that occur within the country.

The Clean Air Act NATO program is an example of domestic policy.

Sound waves cannot travel through a Vacuum.

A vacuum is an area without any air, like space. So sound cannot travel through space because there is no matter for the vibrations to work in.

Sound intensity or level is measured by a unit called a decibel. An 85 decibel noise level is not a safe standard for the public.

Hence, Acceptable noise level for human ear is less than 85 db.

India's first-ever autism township will come up in West Bengal.

Jim Corbett National Park is the oldest national park in India and was established in 1936 as Hailey National Park to protect the endangered Bengal tiger. It is located in Nainital district of Uttarakhand and was named after Jim Corbett, a well known hunter and naturalist. The park was the first to come under the Project Tiger initiative.

Economic resources are those goods and services that can be converted into valuable products for individual and business purposes.

There are four major types of economic resources:

1. land,

2. labor,

3. capital and

4. entrepreneurship.

Land and labor are natural and human resources, while capital means physical resources or money.

Entrepreneurship converts these resources into usable goods.

However, resources have finite values, and proper utilization depends on economic systems and economic decisions.