How does saving help in livelihood security?
Answer and explanation
Correct answer: It provides financial support when income stops or unexpected expenses arise
Savings help meet essential expenses during emergencies, illness, unemployment, or a temporary fall in income. Therefore, they strengthen livelihood security. Option B is incorrect because savings do not end a source of income; they help keep money available for future needs. Exam tip: Link savings with emergency financial support and future security.
Frequently asked questions
What is the correct answer to this question?
It provides financial support when income stops or unexpected expenses arise
Why is this the correct answer?
Savings help meet essential expenses during emergencies, illness, unemployment, or a temporary fall in income. Therefore, they strengthen livelihood security. Option B is incorrect because savings do not end a source of income; they help keep money available for future needs. Exam tip: Link savings with emergency financial support and future security.
Which subject and chapter does this question cover?
This is a Class 11 Home Science question. Chapter: Work, Livelihood and Career. Topic: Work, careers and livelihood.
