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Assertion (A): Surplus budget is when income is more than the expenditure. Reason (R): The family has some extra money to save.

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Question

Assertion (A): Surplus budget is when income is more than the expenditure.

Reason (R): The family has some extra money to save.

Options

  • A is true but R is false.

  • A is false but R is true.

  • Both A and R are true and R is the correct explanation of A.

  • Both A and R are true and R is not the correct explanation of A.

MCQ
Assertion and Reasoning
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Solution

Both A and R are true and R is the correct explanation of A.

Explanation:

A surplus budget means income is more than expenditure, so the family has extra money left over; that extra money can be saved, which makes R the correct explanation of A.

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Chapter 1: Budgeting and Savings - EXERCISES [Page 19]

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Dr. Alka Agarwal, Urvi Raval Home Science for Class 10th ICSE
Chapter 1 Budgeting and Savings
EXERCISES | Q 6. A. | Page 19
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