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This question belongs to Commerce Insurance

Insurance

?

State the correct statement out of these.

A) Every pension is a kind of annuity B) Every annuity is also a pension C) Pension and annuity are one and the same D) Every pension is not an annuity

Answer & Solution

Correct Answer: Option A

Every pension is a kind of annuity. Annuity is a fixed sum that you get every year to provide for pension.

Question posted by Examveda

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