
Advanced Budgeting 15-18
Quiz
•
Financial Education
•
9th Grade
•
Practice Problem
•
Hard
NAVYA AGARWAL
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the first step in creating a personal budget?
a) Spend money first
b) Track income and expenses
c) Save whatever is left
d) Borrow money for expenses
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What percentage of your income is typically recommended to save?
a) 10%
b) 30%
c) 50%
d) 75%
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If your monthly income is ₹10,000, and your expenses are ₹9,000, what should you do to balance your budget?
a) Reduce expenses
b) Increase expenses
c) Take a loan
d) Ignore the issue
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the term "fixed expense" mean?
a) Expenses that never change
b) Expenses that vary monthly
c) Optional expenses
d) Emergency funds
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these is an example of a discretionary expense?
a) Rent
b) Groceries
c) A new phone
d) Utility bills
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