CUET Home Science MCQs Family Income

Question. It is the __________ that flows into the family to be used in exchange for goods, services and energy.
(a) salary
(b) investment
(c) income
(d) properties

Answer : C

Question. _________ is a tentative estimate of fixed expenditure based on past expenditure
(a) Budget
(b) Salary
(c) Investment
(d) Family income

Answer : A

Question. Income means
(a) money
(b) house
(c) furniture
(d) All the above

Answer : D

Question. Examples of direct income are:
(a) Skills of family members
(b) Use of community resources
(c) Judicious use of family assets
(d) All of the above

Answer : D

Question. Choose the correct pair
(a) Budget – maintaining family income and expenditure
(b) Salary, rent – Source of money income
(c) Psychic income – satisfaction aroused out of daily expenses
(d) Indirect income – availing fringe benefits

Answer : D

Question. Barter of goods is a way to increase _________.
(a) indirect income
(b) direct income
(c) real income
(d) money income

Answer : A 

Question. Family income means
(a) income of all related persons living in the household
(b) commodities and services produced in the country
(c) right to consume goods and services
(d) All the above

Answer : A

Question. The members of a family need to supplement their income
(a) To take care of inflation and price rise
(b) To improve their standard of living
(c) To invest money for a secure future and so on
(d) All of the above

Answer : D

Question. Following are the ways which can help in supplementing family income.
A. Taking up part-time job
B. Hiring domestic helpers
C. Investing
D. Reduce expenditure
Select the correct option
(a) A and B
(b) A, C and D
(c) Only B
(d) B and C

Answer : C 

Question. What are the two ways that you can fix an unbalanced budget?
(a) Increase income and decrease expenses
(b) Decrease expenses and remove family members
(c) Ask an accountant to review your budget and increase income
(d) Ask a family member to review your budget and stop buying for necessities

Answer : A

Question. Psychic income can be achieved by
(a) getting gadgets repaired at authroised service centres
(b) buying items from reputed and branded stores
(c) Both (a) and (b)
(d) buying items which are expensive and luxurious

Answer : C

Question. What is impulse buying?
(a) Buying for entertainment
(b) Buying regularly
(c) Buying on the spur of the moment
(d) Buying according to plan

Answer : C

Question. Choose a problem a family can face if it does not maintain a record of its house hold expenses.
(a) Judicious expenses on household
(b) No Guidance for Current and Future Expenses
(c) Buying branded items
(d) Preparation of food at home

Answer : B

Question. Given below are two statements labeled as Assertion (A) and Reason (R).
Assertion (A) Record keeping in money management helps to compare monthly expenditure with the spending plan.
Reason (R) Records show distribution of money after expenditure has been made.
(a) Both (A) and (R) are correct and R is the correct explanation of A.
(b) Both (A) and (R) are correct but R is not the correct explanation of A.
(c) (A) is incorrect and (R) is correct
(d) Both (A) and (R) are incorrect

Answer : A

Question. Choose the options most likely to be considered ‘non-essential’ so that budget can be maintained.
A. Expensive mobile phones
B. Clothes
C. Netflix Subscription
D. Gas
E. Electricity
Select the correct option
(a) A, B and D
(b) C, D and E
(c) A and C
(d) B and E

Answer : C

Question. Match the following ailment with their symptoms:
   List-I                                                List-II
A. Fever                                  1. frequent urination
B. Jaundice                             2. dizziness
C. Hypertension                      3. pale yellow skin
D. Diabetes                             4. warm body
Codes
     A B C D
(a) 3 1 4 2
(b) 1 2 3 4
(c) 4 3 2 1
(d) 2 1 4 3

Answer : C

Question. Match the following
  List – I                                                           List – II
A. Real income                                        1. Car pooling with
                                                                     neighbours and friends
B. Direct (non-money) income                 2. Possessions owned by
                                                                     the family
C. Indirect income                                    3. Not joining tuitions
D. Supplemental family income               4. Self employments
Codes
     A B C D
(a) 1 3 2 4
(b) 2 3 1 4
(c) 4 1 2 3
(d) 3 4 2 1

Answer : B