If a woman has work income but no saving mechanism, what insecurity may remain?
Answer and explanation
Correct answer: Future economic insecurity
Even when a woman earns an income, the absence of savings, a bank account, insurance, or other secure financial instruments can create difficulty during illness, unemployment, emergencies, or old age. Therefore, future economic insecurity may remain. Complete financial security does not come from income alone; it also requires savings and social-security support. Exam tip: Remember the distinction—income meets present expenses, while savings protect against future risks.
Frequently asked questions
What is the correct answer to this question?
Future economic insecurity
Why is this the correct answer?
Even when a woman earns an income, the absence of savings, a bank account, insurance, or other secure financial instruments can create difficulty during illness, unemployment, emergencies, or old age. Therefore, future economic insecurity may remain. Complete financial security does not come from income alone; it also requires savings and social-security support. Exam tip: Remember the distinction—income meets present expenses, while savings protect against future risks.
Which subject and chapter does this question cover?
This is a Class 11 Home Science question. Chapter: Work, Livelihood and Career. Topic: Women and work: issues and concerns.
