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Creating a Budget Planner in MS Excel MCQs

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1. : Which Excel feature is most commonly used to create a budget planner for tracking income and expenses?





2. : To automatically calculate total income or total expenses in a budget planner, which Excel function is typically used?





3. : Which Excel feature can help visually display income versus expenses in a budget planner?





4. : In a budget planner, you want to highlight overspending in red automatically. Which feature should you use?





5. : If you want to prevent users from entering negative numbers in the “Expense” column, which Excel feature will help?





6. : Which Excel function can be used to calculate the remaining balance after expenses are deducted from income?





7. : To make a budget planner reusable for multiple months, which Excel feature is helpful?





8. : Which tool in Excel can be used to predict future expenses based on past spending in a budget planner?





9. : To compare actual spending against the planned budget in a single view, which Excel feature is useful?





10. : Which step ensures that the budget planner does not get accidentally modified by others?





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