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An annuity is a series of equal payments occuring at equal time intervals, and this amount includes the sum of all payments plus interest, if allowed to accumulate at a definite rate of interest from the time of initial payment to the end of annuity term. Ordinary annuity is used in the calculation of the
In a joint life annuity, what would happen to annuity payment if the spouse is to predecease the annuitant?
Annuity whose payments are made at the end of each period, such payment being continued for a definite number of periods is known as
On which of the following does amount of annuity payable depend?
1. Principal sum of money
2. Investment period
3. Rate of return
4. Duration of annuity payments
Under Deferred annuity, the time period between its purchase and start of annuity payments is called–
The establishment of 'Payment Banks' is being allowed in India to promote financial inclusion. Which of the following statements is/are correct in this context? 1. Mobile telephone companies and supermarket chains that are owned and controlled by residents are eligible to be promoters of Payment Banks. 2. Payment Banks can issue both credit cards and debit cards. 3. Payment Banks cannot undertake lending activities. Select the correct answer using the code given below.
In a cement factory there are 95 workers, 57 workers support cash payment method and 76 workers support online payment method, If every worker support at least one payment method then find the number of workers who support both payment methods?
Rajesh purchased a Television which costs Rs. 13240 on the terms that he is required to pay some cash down payment followed by Rs. 2794 at the end of first year, Rs. 6292 at the end of second year and Rs. 1331 at the end of third year. Interest is charged at the rate of 10% per annum. Calculate the cash down payment.
Which of the following distinguishes section 34 of Indian Penal Code from section 149, Indian Penal Code?
1. Section 149 creates a substantive offence whereas section 34 does not create an offence.
2. Section 149 requires common object whereas section 34 requires common intention.
3. Section 149 requires five or more persons whereas section 34 requires two or more persons.
Select the correct answer:
Consider the following statements: The Reserve Bank of India's recent directives relating to 'Storage of Payment System Data', popularly known as data diktat, command the payment system providers that 1. they shall ensure that entire data relating to payment systems operated by them are stored in a system only in India. 2. they shall ensure that the systems are owned and operated by public sector enterprises 3. they shall submit the consolidated system audit report to the Comptroller and Auditor General of India by the end of the calendar year Which of the statements given above is/are correct?