Why is financial literacy useful for women?
Answer and explanation
Correct answer: To understand decisions related to income, expenses, savings and investment
Financial literacy enables women to make informed decisions about income, budgeting, savings, loans and investment. It strengthens economic independence and participation in family financial planning. Options B, C and D are not purposes of financial literacy. Exam tip: Mention budgeting, saving and economic independence in your answer.
Frequently asked questions
What is the correct answer to this question?
To understand decisions related to income, expenses, savings and investment
Why is this the correct answer?
Financial literacy enables women to make informed decisions about income, budgeting, savings, loans and investment. It strengthens economic independence and participation in family financial planning. Options B, C and D are not purposes of financial literacy. Exam tip: Mention budgeting, saving and economic independence in your answer.
Which subject and chapter does this question cover?
This is a Class 11 Home Science question. Chapter: Work, Livelihood and Career. Topic: Gender issues related to work.
