Insight

  Unit: 1 Personality Development 1. Which of the following is NOT a component of Unit-1: Personality Development? A) Understanding Self B) Effective Communication and Interpersonal Skills C) Time Management D) Identifying strengths and areas for improvement Answer: C) Time Management 2. What is the significance of self-awareness in personality development? A) It helps in understanding others better B) It enhances decision-making skills C) It is irrelevant to personal growth D) It improves self-esteem and confidence Answer: D) It improves self-esteem and confidence 3. Which of the following is a common tool used for personality assessments? A) IQ tests B) Blood pressure measurement C) Myers-Briggs Type Indicator (MBTI) D) Eye color assessment Answer: C) Myers-Briggs Type Indicator (MBTI) 4. What is the purpose of identifying strengths and areas for improvement? A) To compare oneself with others B) To crit...

4.1 Budget Basics 4.1.1 Understanding financial terminology 1. Income: The money you earn, typically through employment, investments, or other sources. 2. Expenses: The money you spend on goods and services. 3. Fixed Expenses: Regular, predictable expenses that remain constant each month, such as rent or mortgage payments, insurance premiums, and loan payments. 4. Variable Expenses: Costs that fluctuate from month to month, such as groceries, entertainment, and utility bills. 5. Budget: A financial plan that outlines your income and expenses over a specific period, usually monthly or annually, to help you manage your finances effectively. 6. Budgeting: The process of creating and following a budget to allocate your income towards various expenses and savings goals. 7. Savings: Money set aside for future use or emergencies, typically deposited into a savings account or invested in assets such as stocks or bonds. 8. Debt: Money owed to lenders, such as credit card...