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50 questions
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  • Q1

    Among the various material resources available in the family, which is considered as the main resource?

    Car

    Lot

    Money

    House

    30s
    TLE6HE-0a-1
  • Q2

    Which of the following is an example of real income?

    Free car from employer

    Salary

    Interest of savings

    Dividend from an insurance

    30s
    TLE6HE-0a-1
  • Q3

    The following are services as source of family income except____.

    Free medical facilities

    Free servants

    Free gift check

    Free transport

    30s
    TLE6HE-0a-1
  • Q4

    Marasigan’s family has no problem with the supply of water and electricity in their community. These are examples of _____ income.

    Real

    Household

    Money

    Psychic

    30s
    TLE6HE-0a-2
  • Q5

    The Rodriguez family has a vegetable garden in their backyard. Excess harvests are sold in the neighborhood, which is a good source for _____ income.

    Supplementary

    Psychic

    Real

    Material

    30s
    TLE6HE-0a-2
  • Q6

    Which of the following is the first rule for making a good plan in allocating budget for your family?

    Household income must be lesser than household expenses.

    Household income must be equal to household expenses.

    Household expenses must be doubled of your household income.

    Household income must be greater than household expenses.

    30s
    TLE6HE-0b-3
  • Q7

    All of the following are examples of mandatory expenses that can’t be eliminated except_____.

    Property Taxes

    Gambling

    Monthly Bills

    Child Health Care

    30s
    TLE6HE-0b-3
  • Q8

    Mrs. Ramirez considers needs of her family in preparing budget plan rather than wants. Which is of the following is considered as wants?

    Magazines

    Laundry Detergent

    Cleaning Supply

    Toothpaste

    30s
    TLE6HE-0b-3
  • Q9

    What do we call the bigger share in the allocation of your family income

    Education

    Shelter

    Food

    Clothing

    30s
    TLE6HE-0b-3
  • Q10

    What do we call the amount allocated for the payment of school fees, allowances, uniform, books and other school supplies.

    Social Obligations

    Medical and Dental

    Clothing

    Education

    30s
    TLE6HE-0b-3
  • Q11

    Which of the following needs the greatest percentage of your budget in making guidelines of family income?

    Savings

    Personal Needs

    Food

    Education

    30s
    TLE6HE-0b-4
  • Q12

    Mrs. Rivero includes miscellaneous and emergency expenses in preparing her family budget plan. Fifteen percent of her family income is allotted for these. Why do you think she prioritizes these in making her family budget?

    To be used for unexpected events in the family like celebrating birthday.

    To be used for unexpected events in the family like diseases that needs hospitalization.

    To be used for unexpected events in the family like attending party.

    To be used in watching movies and eating in a fast food chains every week.

    30s
    TLE6HE-0b-4
  • Q13

    During payday, mother allot an amount to be deposited in the bank for emergency purposes or for something to be bought in the future. What component of the budget is being considered?

    Savings

    Social Obligation

    Recreation

    Education

    30s
    TLE6HE-0b-4
  • Q14

    What do we call the allocation of budget for the family who attends personal events like birthdays, anniversaries and wedding.

    Social obligations

    Shelter

    Savings

    Clothing

    30s
    TLE6HE-0b-4
  • Q15

    Which of the following does not show good management of family income?

    set family guidelines in spending monthly income

    members of the family must strive to meet its needs

    certain amount should be saved regularly

    spend all your income for the whole month

    30s
    TLE6HE-0b-4

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