Write true or false if statement is wrong write the true sta - Maths (commerce) STD 12 Commerce / Arts Questions

Question 11 Mark

The future value of an annuity is the accumulated value of all installments.

Answer

false

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Question 21 Mark

The present value of an annuity is the sum of the present value of all installments.

Answer

true

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Question 31 Mark

Annuity contingent begins and ends on certain fixed dates.

Answer

false

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Question 41 Mark

Annuity certainly begins on a fixed date and ends when an event happens.

Answer

true

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Question 51 Mark

Payment of every annuity is called an installment.

Answer

false

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Question 61 Mark

Premium is the amount paid to the insurance company every month.

Answer

true

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Question 71 Mark

Accident insurance has a period of five years.

Answer

false

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Question 81 Mark

The amount of claim cannot exceed the amount of loss.

Answer

true

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Question 91 Mark

The sinking fund is set aside at the beginning of a business.

Answer

true

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Question 101 Mark

General insurance covers life, fire, and theft.

Answer

false

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Write true or false if statement is wrong write the true statement.

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Maths (commerce) Write true or false if statement is wrong write the true statement.

Write true or false if statement is wrong write the true statement.

Take a timed test