Question

What significant societal change has affected the practice of financial planning?

a.

Introduction of mobile phones

b.

Disintegration of the joint family

c.

Multiple investment choices

d.

Changing lifestyles

Posted under IC38 Life Insurance Agent Exam

Answer: (b).Disintegration of the joint family Explanation:The disintegration of the joint family and the shift towards nuclear families have had a significant impact on financial planning.

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Q. What significant societal change has affected the practice of financial planning?
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