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Subjects
Class 11Home ScienceWork, Livelihood and CareerWork, careers and livelihoodExpertLevel 4

What is the expert importance of an emergency fund in livelihood planning?

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Answer and explanation

Correct answer: It gives protection during income crisis illness or sudden expenses

An emergency fund protects from financial shocks. In exams connect it with livelihood resilience.

Tags

emergency-fundlivelihood-planningresilience

Frequently asked questions

What is the correct answer to this question?

It gives protection during income crisis illness or sudden expenses

Why is this the correct answer?

An emergency fund protects from financial shocks. In exams connect it with livelihood resilience.

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.

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