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Class 11Home ScienceWork, Livelihood and CareerWork, careers and livelihoodMediumLevel 5

What is the importance of an emergency fund in livelihood?

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Answer and explanation

Correct answer: Giving support when income stops suddenly or expenses rise

An emergency fund protects from financial shocks. In exams connect emergency fund with financial planning.

Tags

emergency-fundfinancial-planninglivelihood

Frequently asked questions

What is the correct answer to this question?

Giving support when income stops suddenly or expenses rise

Why is this the correct answer?

An emergency fund protects from financial shocks. In exams connect emergency fund with financial planning.

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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