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      Question

      What is the period between the date of subscription to

      an insurance-cum-pension policy and the time at which the first instalment of pension is received?
      A Appreciation Correct Answer Incorrect Answer
      B Depreciation Correct Answer Incorrect Answer
      C Deferment Correct Answer Incorrect Answer
      D Recognition Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Deferment period is a time during which a borrower does not have to pay interest or repay the principal on a loan. Deferment period also refers to the period after the issue of a callable security during which the security cannot be called by the issuer.

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