1 Which of the following is the first step to financial planning?

2 Ideally the contingency reserve should be _________ of regular monthly expenses (including EMIs).

3 Inflation erodes the purchasing power of your money.

4 If a goal is not _________, it is very difficult to select a path to achieve it.

5 The cost of becoming a doctor today is Rs 40 lakhs. After 15 years at an inflation rate of 7% p.a. the cost would be?