2nd Term Examination, 2021/22,Home Economics

....... is the act of making budgets.

• Making

• Writing

• Planning

• Budgeting

A sum of money that is allocated for a particular purpose is called.....

• Money

• Budget

• Allocation

• Allowance

All the following are types of budgets except...

• Open ended budget

• Zero based budget

• Closed budget

• Green budget

.....is a unit of account.

• Account

• Money

• Shoes

• Saving

....is an object that is generally acceptable as a means of payment.

• Money

• Food

• Goods

• Services

The act of disciplining oneself to save money is called...

• Money

• Culture

• Saving culture

• Farming

We can develop a saving culture by drawing ....

• Plans

• Goats

• Dogs

• Table

.... are things that we cannot do without.

• Want

• Needs

• Items

• Thing

The things that we can do without are called....

• Wants

• Needs

• Things

• Goods

All the following are needs except....

• Education

• Shelter

• Clothing

• IPhone