Budget

1. 1. What is the formula to find savings?

• Savings = Income + Expenditure

• Savings = Income / Expenditure

• Savings = Income x Expenditure

• Savings = Income - Expenditure

2. 2. What is the formula to find expenditure?

• Expenditure = Income / Savings
• Expenditure = Income x Savings
• Expenditure = Income + Savings
• Expenditure = Income - Savings

3. 3. What is the total income of Mr. Rathod if his income sources are-

4. salary: 20,000

5. agriculture: 10,000

6. businesses: 15,000

7. share market: 50,000

• 75,000
• 100,000
• 80,000
• 95,000

4. 4. If the expenditure exceeds the income we are in a __________.

5. What is budget?

• A type of fruit
• A financial plan for a defined period
• A type of exercise
• A type of weather

6. 6. what is an income?

• A type of animal
• A type of car
• A type of fruit
• Money received in exchange for providing a good or service.

7. 7. What is an expenditure?

• The act of saving money for future use
• The act of spending money or using resources to purchase goods or services
• The act of borrowing money from others
• The act of investing in stocks or real estate

8. 8. What is saving?

• Setting aside money for future use or investment
• Spending all your money immediately
• Borrowing money from friends
• Hiding money under your mattress

9. 9. what is debt?

• A type of insurance policy
• A type of investment in the stock market
• A form of currency
• money, that is owed to someone else.

10. 10. how many types of expenditures are there?

• Two
• Three
• Ten
• Five