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Target Exam

CUET

Subject

-- Applied Mathematics - Section B2

Chapter

Financial Mathematics

Question:

Match List-I with List-II

List-I

List-II

(A) Perpetuity

(I) A person deposits a fixed amount every year in his bank account to renovate his house after 10 yrs.

(B) EMI

(II) A person deposits an amount regularly in his bank account and withdraws in case of need.

(C) Sinking Fund

(III) A fixed amount is debited from the bank account of a person, every month, against a personal loan.

(D) Saving Account

(IV) A person purchased a house and rents it out.

Choose the correct answer from the options given below:

Options:

(A)-(IV), (B)-(III), (C)-(I), (D)-(II)

(A)-(I), (B)-(III), (C)-(IV), (D)-(II)

(A)-(I), (B)-(II), (C)-(IV), (D)-(III)

(A)-(IV), (B)-(II), (C)-(I), (D)-(III)

Correct Answer:

(A)-(IV), (B)-(III), (C)-(I), (D)-(II)

Explanation:

The correct answer is Option (1) → (A)-(IV), (B)-(III), (C)-(I), (D)-(II) **

(A) Perpetuity → (IV) A person purchased a house and rents it out.

(B) EMI → (III) A fixed amount is debited every month against a loan.

(C) Sinking Fund → (I) Fixed yearly deposits to renovate house after 10 years.

(D) Saving Account → (II) Deposits regularly and withdraws when needed.

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