- A. Income and investment
- B. Investment
- C. Income and expenditure
- D. All of the above
Correct Answer is : C
Explanation:
The correct answer is C. Income and expenditure.
Here’s why:
- A budget is a financial plan that tracks your incoming money (income) and outgoing money (expenditure) over a specific period. It helps you understand where your money goes and allows you to make informed decisions about your spending.
- Income refers to the money you earn from various sources like salary, wages, investments, etc.
- Expenditure refers to the money you spend on various things like rent, groceries, bills, entertainment, etc.
While investments can be a source of income, they are not the sole focus of a budget. Option D (All of the above) is technically true because income can include investment returns, but income and expenditure are the core elements of a budget.
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