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CKA Exam Questions and Verified Answers
Module 1: Introduction
Q:
Which of the following reasons can explain why financial professionals are in a very
influential position?
1) Financial decisions are complex and need an advisor
2) Wealthy people must seek professional advice
3) Financial decisions reveal the condition of the heart
4) Finances can be how we protect our families
ANS: 3) Financial decisions reveal the condition of the heart
Q:
Which of the following is the first step in the Sequential Investing Hierarchy?
1) Diversify your assets to meet long-term goals
2) Create an emergency fund of 3-6 months
3) Save for major purchases
4) Eliminate all high interest and short-term debt
ANS: 4) Eliminate all high interest and short-term debt
Q:
What can happen when pastors and or ministry leaders speak on money in the church?
1) Sermons on money tend to bring more people to church services
2) Church budgets are usually fully funded immediately.
3) Sermons on money can create natural barriers between pastor and congregation
4) Funding missions usually becomes the top priority in the church
ANS: 4) Funding missions usually becomes the top priority in the church
Q:
Which of the following verses does not talk about contentment?
1) Philippians 4:11-13
2) I Timothy 6:6
3) Luke 12:24
4) Hebrews 13:5
ANS: 3) Luke 12:24
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Q:
Which of the following identifies a struggle within the lifestyle use of money?
1) Balancing contentment and funding our desires
2) Balancing provision and protection
3) Balancing needs and wants
4) Balancing paying debt and giving
ANS: 2) Balancing provision and protection
Q:
Which of the following would not be critical in establishing a strategy for biblical
financial planning?
1) Establishing a credible message
2) Developing a consistency of messaging
3) Collaboration of messengers
4) Using a credible messenger
ANS: 3) Collaboration of messengers
Q:
How many fundamental money management principles are there?
ANS: 5
Q:
Which of the following does not describe the current environment?
ANS: Financial literacy is the same as financial planning
Q:
When following the fundamental money management principles, what is the outcome?
1) Consistent behaviors
2) Confidence in financial decisions
3) Clear financial outcomes
4) Knowing "How much is enough?"
ANS: 2) Confidence in financial decisions
Q:
Which of the following is not one question that everyone asks?
1) Will I ever have enough money?
2) Is my portfolio appropriately diversified?
3) How much is enough?
4) Will my portfolio be enough to last me?
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ANS: 2) Is my portfolio appropriately diversified?
Q:
As you consider your life's vocation, you must determine all of the following, except?
1) Acknowledge that faith makes our calling operative
2) Seek the answer to "Am I called?"
3) Know that conviction is the only way to overcome fear
4) Would my vocation match my personality
ANS: 4) Would my vocation match my personality
Q:
All of the following elements must exist for a Biblical Financial Planning except:
ANS: Works only for individuals that have accepted Christ
Q:
Which of the following differentiate a biblical worldview for financial decisions over that
of a secular worldview?
1) A biblical worldview has an eternal perspective
2) A biblical worldview offers prescriptive advice
3) A biblical worldview answers the question "How?"
4) A biblical worldview can isolate independent financial decisions for clarity
ANS: 1) A biblical worldview has an eternal perspective
Q:
All of the following characterize how money is portrayed in the church, except?
1) Guilt
2) Shame
3) Regret
4) Fearful
ANS: 3) Regret
Q:
Which of the following are current trends related to money?
i. Household wealth is growing dramatically but isolated in the hands of only a few
ii. Few over the age of 65 are financially independent
iii. Many people do not have wills
iv. Most evangelical Christians submit their tithe to their local church
1) i., ii, and iii only
2) i., iii, and iv only
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3) ii, iii, and iv only
4) i., ii, iii, and iv
ANS: 1) i., ii, and iii only
Q:
What aspect of our lives drives our behavior?
ANS: Our beliefs
Q:
Which of the following best describes how the church tries to motivate people related to
money decisions?
ANS: Seeking guilt and shame
Q:
Which of the following characterize the world's messages in our culture?
i. I need to have enough to be secure
ii. I need to have enough to be successful
iii. I need to have enough to have be stress-free
iv. I need to have enough to have significance
1) i., and iv only
2) ii, iii, and iv only
3) i., ii, and iv only
4) iii and iv only
ANS: 3) i., ii, and iv only
Q:
Which of the following is not a use of money?
1) Lifestyle
2) Savings or Growing
3) Avoiding debt
4) Giving money away
ANS: 3) Avoiding debt
Q:
Which of the following best describes the foundation of a biblical worldview of finance?
ANS: GOD OWNS IT ALL!!!
Q:
CKA Exam Questions and Verified Answers
Module 1: Introduction
Q:
Which of the following reasons can explain why financial professionals are in a very
influential position?
1) Financial decisions are complex and need an advisor
2) Wealthy people must seek professional advice
3) Financial decisions reveal the condition of the heart
4) Finances can be how we protect our families
ANS: 3) Financial decisions reveal the condition of the heart
Q:
Which of the following is the first step in the Sequential Investing Hierarchy?
1) Diversify your assets to meet long-term goals
2) Create an emergency fund of 3-6 months
3) Save for major purchases
4) Eliminate all high interest and short-term debt
ANS: 4) Eliminate all high interest and short-term debt
Q:
What can happen when pastors and or ministry leaders speak on money in the church?
1) Sermons on money tend to bring more people to church services
2) Church budgets are usually fully funded immediately.
3) Sermons on money can create natural barriers between pastor and congregation
4) Funding missions usually becomes the top priority in the church
ANS: 4) Funding missions usually becomes the top priority in the church
Q:
Which of the following verses does not talk about contentment?
1) Philippians 4:11-13
2) I Timothy 6:6
3) Luke 12:24
4) Hebrews 13:5
ANS: 3) Luke 12:24
, Page | 2
Q:
Which of the following identifies a struggle within the lifestyle use of money?
1) Balancing contentment and funding our desires
2) Balancing provision and protection
3) Balancing needs and wants
4) Balancing paying debt and giving
ANS: 2) Balancing provision and protection
Q:
Which of the following would not be critical in establishing a strategy for biblical
financial planning?
1) Establishing a credible message
2) Developing a consistency of messaging
3) Collaboration of messengers
4) Using a credible messenger
ANS: 3) Collaboration of messengers
Q:
How many fundamental money management principles are there?
ANS: 5
Q:
Which of the following does not describe the current environment?
ANS: Financial literacy is the same as financial planning
Q:
When following the fundamental money management principles, what is the outcome?
1) Consistent behaviors
2) Confidence in financial decisions
3) Clear financial outcomes
4) Knowing "How much is enough?"
ANS: 2) Confidence in financial decisions
Q:
Which of the following is not one question that everyone asks?
1) Will I ever have enough money?
2) Is my portfolio appropriately diversified?
3) How much is enough?
4) Will my portfolio be enough to last me?
, Page | 3
ANS: 2) Is my portfolio appropriately diversified?
Q:
As you consider your life's vocation, you must determine all of the following, except?
1) Acknowledge that faith makes our calling operative
2) Seek the answer to "Am I called?"
3) Know that conviction is the only way to overcome fear
4) Would my vocation match my personality
ANS: 4) Would my vocation match my personality
Q:
All of the following elements must exist for a Biblical Financial Planning except:
ANS: Works only for individuals that have accepted Christ
Q:
Which of the following differentiate a biblical worldview for financial decisions over that
of a secular worldview?
1) A biblical worldview has an eternal perspective
2) A biblical worldview offers prescriptive advice
3) A biblical worldview answers the question "How?"
4) A biblical worldview can isolate independent financial decisions for clarity
ANS: 1) A biblical worldview has an eternal perspective
Q:
All of the following characterize how money is portrayed in the church, except?
1) Guilt
2) Shame
3) Regret
4) Fearful
ANS: 3) Regret
Q:
Which of the following are current trends related to money?
i. Household wealth is growing dramatically but isolated in the hands of only a few
ii. Few over the age of 65 are financially independent
iii. Many people do not have wills
iv. Most evangelical Christians submit their tithe to their local church
1) i., ii, and iii only
2) i., iii, and iv only
, Page | 4
3) ii, iii, and iv only
4) i., ii, iii, and iv
ANS: 1) i., ii, and iii only
Q:
What aspect of our lives drives our behavior?
ANS: Our beliefs
Q:
Which of the following best describes how the church tries to motivate people related to
money decisions?
ANS: Seeking guilt and shame
Q:
Which of the following characterize the world's messages in our culture?
i. I need to have enough to be secure
ii. I need to have enough to be successful
iii. I need to have enough to have be stress-free
iv. I need to have enough to have significance
1) i., and iv only
2) ii, iii, and iv only
3) i., ii, and iv only
4) iii and iv only
ANS: 3) i., ii, and iv only
Q:
Which of the following is not a use of money?
1) Lifestyle
2) Savings or Growing
3) Avoiding debt
4) Giving money away
ANS: 3) Avoiding debt
Q:
Which of the following best describes the foundation of a biblical worldview of finance?
ANS: GOD OWNS IT ALL!!!
Q:
