Savings

which of the following best describes finance?

• the medium of exchange for trading goods and services

• the art and science of managing money

• a widely accepted form of money

personal finance includes which of the following activites?

• budgeting

• tax collection

• monetary policy formulation

public finance deals with financial management of

• individuals and households

• central & state govts

• private corporations

The Union Budget is an example of which type of finance?

• business finance

• social finance

• personal finance

• Public finance

which of the following statements about money is true?

• money is the same as currency

• money is only used for saving

• money is a broader term than currency and includes digital wallets

Which of the following is not a characteristic of business finance?

• planning & raising funds

• controlling and administering funds

• revenue collection for govt.

• allocation of financial resources

which of the following is not a source of passive income?

• rental income

• Interest income

• salary from a job

• dividends from stocks

what is the formula for calculating savings?

• savings= Income + Expenses

• savings= Income -Expenses

• savings= Income * Expenses

which of the following bet describes expenses?

• Money earned from investments

• money spent on various items

• money received from loans

needs are defined as

• essentials necessary for survival and well-being

• items that can be postponed

• non essentials items that provide comfort