Related Questions

In a joint life annuity, what would happen to annuity payment if the spouse is to predecease the annuitant?
A Annuity would continue
B Annuity would cease
C A & B correct
D None of the above
Present worth Annuity (PWA) is generally known as
A Premium annuities
B Income annuities
C Future annuities
D All of these
The annuity which refers to a debt payment for recovering the initial amount or capital in equal periodical payments, is known as;
A Present Worth Annuity
B Sinking fund annuity
C Compound annuity
D Capital recovery annuity
A pension scheme in which the employer manages fund through a trust and pays pension thro purchase of an annuity from a life insurance company is called
A Uninsured pension scheme
B Insured Pension scheme
C Both A & B
D None of the above
Which one of the below is not a case of annuity?
A Payment of Rs.10, 000 received today last year on the same day and likely payment of a similar sum by the insurer next year
B Electricity Bill
C Car payments made by the loanee car owner
D Periodical mortgage payments
Which annuity requires payment to be made at the end of each perid?
A Annuity due
B Ordinary annuity
C Growing annuity
D Perpetuity
What is the term for an annuity with a fixed time span?
A Ordinary annuity
B Perpetuity
C Annuity certain
D Annuity due
What is the type of annuity where the first payment does not begin until some later date in the cash flow?
A Ordinary annuity
B Perpetuity
C Annuity due
D Deferred annuity
What is the type of annuity that does not have a fixed time span but continues indefinitely or forever?
A Ordinary annuity
B Perpetuity
C Annuity due
D Deferred annuity
Which is NOT an essential element of an ordinary annuity?
A The amounts of all payments are equal.
B The payments are made at equal interval of time.
C The first payment is made at the beginning of the first period.
D Compound interest is paid on all amounts in the annuity.

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