Which is not an appropriate reason for a proper financial planning?

A. Break-up of joint family system

B. Changing lifestyle

C. Underwriting

D. Change in behavioral pattern

Answer: Option C

Solution(By Examveda Team)

Underwriting is not a reason for proper financial planning. Underwriting services are provided by some large financial institutions, such as banks, or insurance or investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability arising from such guarantee.