A$)$ Explain the meaning of financial literacy

B$)$ What is the main objective of financial literacy?

Discuss five $(5)$ benefits of personal financial planning

Differentiate between passive and active fund management

Briefly discuss five $(5)$ participants of capital markets

Briefly discuss five $(5)$ roles of capital markets

Discuss four $(4)$ types of debentures

a$)$ Briefly explain a balanced fund. $(2$ Marks$)$

b$)$ Briefly explain net asset value $($NAV$)$ of mutual fund. $(2$ Marks$)$

c$)$ Explain three $(3)$ importance of net asset value $($NAV$).(6$ Marks$)$

a$)$ Explain a pension fund. $(2$ Marks$)$

b$)$ Explain how a pension fund is financed $(2$ Marks$)$

c$)$ A qualifying pensioner has a pension of TZS $10,000,000.$ The actuarial expectation is that the person will live for another $12\mathrm{.}5$ years. If the ten$-$year interest rate $($yield on government treasury bonds$)$ is currently at $9\mathrm{.}5\%$ p$.$a$.,$

Required:

Advise how much can be paid to the pensioner each year, if the first payment is to take place one year from the present. $(8$ marks$)$

Explain three $(3)$ tiers$/$pillars of social security system in Tanzania

Explain workers compensation fund