Income & Expenditure questions are often asked in the Quantitative Aptitude section of various exams like RBI Grade B, RBI Assistant, SEBI Grade A, IBPS SO, IBPS PO, IBPS Clerk, SBI PO, SBI Clerk, LIC AAO, SSC CGL, SSC CHSL and many more. Therefore, it forms an integral part of the Quantitative Aptitude syllabus.
Questions on income and expenditure are commonly asked in competitive exams because they test a candidate's understanding of basic mathematical concepts related to budgeting, financial management, and accounting. These types of questions require the candidate to apply basic arithmetic skills, such as addition, subtraction, multiplication, and division, to solve problems related to income, expenses, profit, and loss.
Overall, questions on income and expenditure are an important part of competitive exams because they test a candidate's ability to apply basic mathematical concepts to real-world financial scenarios. These questions provide a practical context for understanding mathematical concepts, and they are relevant to many careers that require a strong foundation in Maths and financial management.