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Choose the correct pair: A. Emergency fund B. Retirement planning C. Education expenses D. Vacation fund 1. Financial security during crises 2. Comfortable life in old age

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Question

Choose the correct pair:

A. Emergency fund  1. Financial security during crises
B. Retirement planning 2. Comfortable life in old age
C. Education expenses 3. Investing in future knowledge/skills
D. Vacation fund 4. Enjoyment and relaxation

Options

  • A - 1, B - 2, C - 3, D - 4

  • A - 3, B - 1, C - 4, D - 2

  • A - 2, B - 4, C - 1, D - 3

  • A - 4, B - 3, C - 1, D - 2

MCQ
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Solution

A - 1, B - 2, C - 3, D - 4

Explanation:

A. Emergency fund  1. Financial security during crises
B. Retirement planning 2. Comfortable life in old age
C. Education expenses 3. Investing in future knowledge/skills
D. Vacation fund 4. Enjoyment and relaxation
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Chapter 1: Budgeting and Savings - EXERCISES [Page 20]

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Dr. Alka Agarwal, Urvi Raval Home Science for Class 10th ICSE
Chapter 1 Budgeting and Savings
EXERCISES | Q 10. B. | Page 20
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