ECONOMICS (CBSE/UGC NET)

ECONOMICS

BUDGETING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following is an example of a “life change” that would effect your budget?
A
marriage
B
children
C
change in job
D
all of these
Explanation: 

Detailed explanation-1: -The three types of annual Government budgets based on estimates are Surplus Budget, Balanced Budget, and Deficit Budget.

Detailed explanation-2: -Income of the Family. Size of the Family. Composition of the Family. Occupation of the Family members. Intercity Differences. Family Goals. Socio-economic Status of the Family. Gainful Employment. 31-Mar-2012

Detailed explanation-3: -Housing. Whether you own your own home or pay rent, the cost of housing is likely your biggest monthly expense. Utilities. Vehicles and transportation costs. Gas. Groceries, toiletries and other essential items. Internet, cable and streaming services. Cellphone. Debt payments. More items •26-Sept-2022

Detailed explanation-4: -Gives you control over your money. Helps you focus on your financial goals. Keeps you on top of what you’re spending. Makes it easier to stay aware of your savings and debts. More items

There is 1 question to complete.