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:
Answer & explanation
Correct answer: option 1
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.