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Questions
Mention any two factors that affect the family budget.
Mention the factors that affect the family budget.
Very Short Answer
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Solution
- Composition of the Family
- Family Life Cycle
- Socio-Economic Status
- Availability of Money
- Occupation of the Family Members
- The Needs and Objectives of the family
- Religious Ceremonies and Celebrations
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Notes
Students should refer to the answer according to their questions.
Factors Affecting Family Budget
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RELATED QUESTIONS
List any two importance of making a family budget.
‘The number of members in the family, along with the earning members, affects the family budget’. This statement is related to the factor ______.
State True or False:
A family’s socio-economic status is directly related to the standard of living.
