Get summary, textual answers, solutions, notes, extras, MCQs, PDF of NBSE Class 9 Financial Literacy Unit 8 Setting Goals. However, the educational materials should only be used for reference, and students are encouraged to make necessary changes.
Summary
The chapter “Setting Goals” explains the process of setting and achieving goals in a structured and effective way. It begins by defining a goal as something we want to achieve in life, directing our efforts toward it. Without goals, like a person trying to reach a relative’s house without an address, we may find ourselves lost and unable to make progress.
The chapter introduces the concept of SMART goals, which stand for Specific, Measurable, Achievable, Realistic, and Time-bound. These elements are essential for setting effective goals. For example, if one aims to save money to buy a vehicle, the goal should be clear (saving ₹50,000), measurable (progress is tracked), achievable (saving ₹1,000 per month), realistic (based on income), and time-bound (within three years).
It also explains the importance of breaking long-term goals into smaller, short-term goals. Achieving these smaller goals gradually builds momentum towards bigger goals. This method ensures that we stay motivated and on track.
The chapter discusses how to create a goal statement that includes the five SMART elements. It uses John F. Kennedy’s goal of landing a man on the moon as an example of a successful goal. The goal was clear, measurable, achievable with resources, and had a deadline.
Additionally, the chapter highlights that goals should align with personal values. Challenging goals keep us engaged, but they must be revisited and adjusted if obstacles arise. Prioritizing different goals is essential, as not all can be achieved at once. Finally, achieving goals requires planning, consistency, and overcoming obstacles, much like finding alternatives when faced with challenges.
Textual MCQs
1. Goals can be defined as things we want to
(a) achieve
(b) play
(c) follow
Answer: A. achieve
2. Goals help us to be _______ and work out a plan to achieve them.
(a) focus
(b) lazy
(c) active
Answer: A. focus
3. Goals are to be supported by proper
(a) guidance
(b) plan
(c) timing
Answer: B. plan
4. _______ goals are always achieved.
(a) handsome
(b) beautiful
(c) SMART
Answer: C. SMART
5. Goals come from your
(a) thoughts
(b) values
(c) idea
Answer: B. values
Extra/additional MCQs
1. What does a SMART goal include?
A. Specific, Measurable, Achievable, Realistic, Time-bound
B. Simple, Memorable, Accurate, Realistic, Timely
C. Special, Motivating, Actionable, Result-oriented, Time-bound
D. Strategic, Measurable, Authentic, Reliable, Tangible
Answer: A. Specific, Measurable, Achievable, Realistic, Time-bound
14. Which component is essential for setting realistic goals?
A. Having enough resources
B. Setting no time limit
C. Making the goal too easy
D. Ignoring obstacles
Answer: A. Having enough resources
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