Which capacity does financial literacy strengthen for women?
Answer and explanation
Correct answer: Ability to make informed decisions about income, budgeting and savings
Financial literacy enables women to understand information about income, expenditure, budgeting, savings, loans and investments and make informed decisions. Therefore, option A is correct. Merely remembering household expenses is only a small part of financial management; it also includes budgeting and savings decisions. Exam tip: link financial literacy with economic independence and informed decision-making.
Frequently asked questions
What is the correct answer to this question?
Ability to make informed decisions about income, budgeting and savings
Why is this the correct answer?
Financial literacy enables women to understand information about income, expenditure, budgeting, savings, loans and investments and make informed decisions. Therefore, option A is correct. Merely remembering household expenses is only a small part of financial management; it also includes budgeting and savings decisions. Exam tip: link financial literacy with economic independence and informed decision-making.
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.
