Read each question carefully and choose the correct answer.

1. Which of the following belongs to human resources?

A. Furniture and Appliances C. Skills and Strength

B. Jewelry and Automobiles D. Time and Money

2. Among the various material resources available in the family, which is considered as the

main resource?

A. Car C. Lot

B. House D. Money

3. Which is considered as a basic need of the family?

A. Appliances C. New Dresses

B. Cell phones D. Shelter

4. Which is NOT considered as source of family income?

A. Commission C. Travel & Tours

B. Pension D. Wages & Salaries

5. Which of the following has the greatest percentage of your family budget?

A. Education C. Savings

B. Food D. Personal needs

6. Which is considered as fuel of the human body?

A. Clothing C. Shelter

B. Food D. Water

7. Which of the following is included in the budget for education?

A. Clothes C. Electric bill

B. Condiments D. Tuition fees

8. Which of the following belongs to the social needs of the family?

A. Education C. Shelter

B. Family activities D. Utilities

9. What is included in the savings/emergency budget?

A. Food C. Parties

B. Health D. Shelter

10. Which of following statements show the correct way of managing the family income

wisely?

A. Have all the latest gadgets. C. Live simply and lessen the wants

B. B. Prepare costly food every day. D. Ride a taxi in going to the market.

11. What is considered as necessary for one to live or survive?

A. Car C. Dress

B. Computer D. Food

12. Which of the following is not a basic need of the family?

A. Car C. Shelter

B. Foods D. Water​