Question

Which of the following is not an advantage of saving for future ?

• A. Protection during old age
• B. Fulfilment of emergency needs
• C. Economic protection during retirement
• D. Assistance after the death of bread winner

Hint:

Be aware that exam questions can sometimes be ambiguous. While building an emergency fund is a key advantage of saving, try to look for distinctions between options. Here, three options relate to long-term life events (old age, retirement, death) while one relates to short-term, unplanned events (emergency). This might be the intended line of reasoning.

Answer 1

The Correct Option is B

Step 1: Understanding the Concept:
Saving is the act of setting aside money for future use. The question asks to identify which option is not considered a primary advantage or benefit of this practice. This question is based on a subtle interpretation.
Step 2: Detailed Explanation:
Let's analyze the options as advantages of saving:
(A) Protection during old age and (C) Economic protection during retirement: These are synonymous and represent a key long-term goal and advantage of saving money over a lifetime.
(D) Assistance after the death of bread winner: Savings, often in the form of an inheritance or life insurance (which is a form of saving/investment), provide financial support to the family, which is a major advantage.
(B) Fulfilment of emergency needs: Building an emergency fund is universally considered a primary and crucial advantage of saving.
However, this question is likely flawed, or requires a very specific interpretation. Given that the answer key points to (B), the possible (though weak) logic is that options A, C, and D represent planned, long-term security benefits, while using savings for an emergency is a reactive, short-term *use* rather than a planned *advantage*. This distinguishes it from the proactive goals of retirement and inheritance planning. This is a highly debatable distinction.
Step 3: Final Answer:
Based on the provided key, "Fulfilment of emergency needs" is considered not to be an advantage, possibly by distinguishing it as an immediate use rather than a long-term planned benefit like retirement or inheritance.