Practice Money Management - 3.5 | 3. Resource Management | ICSE Class 11 Home Science
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Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What is budgeting?

πŸ’‘ Hint: Consider how you plan your weekly or monthly spending.

Question 2

Easy

Name one benefit of saving money.

πŸ’‘ Hint: Think about unexpected expenses.

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

What is the primary purpose of budgeting?

  • To spend more money
  • To track income and expenses
  • To avoid saving

πŸ’‘ Hint: Think about its function in financial plans.

Question 2

True or False: Saving money can help in case of emergencies.

  • True
  • False

πŸ’‘ Hint: Consider what happens without savings.

Solve 1 more question and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

A family has a monthly income of $3000. Their expenses total $2800. They want to save $500 each month. How should they adjust their spending or income to meet their saving goal?

πŸ’‘ Hint: Examine what expenses can be cut back.

Question 2

Create an investment strategy for a newly graduated individual who wants to save for a house down payment in five years.

πŸ’‘ Hint: Consider what kind of investment instruments help grow savings over time.

Challenge and get performance evaluation