Question
A life annuity in which there is no refund to any
beneficiary at the death of the annuitant is termed as?Solution
A straight life annuity is a retirement income product that pays a benefit until death but forgoes any further beneficiary payments or a death benefit. Like all annuities, a straight life annuity provides a guaranteed income stream until the death of the annuity owner. What makes a straight life unique is that, once the annuitant dies, all payments stop and no more money or death benefits are due to the annuitant, their spouse or heirs. This has the effect of making the straight life annuity less expensive than many other types of annuities and retirement income products.
In ‘CAMELS’ what does C stand for?
The Union Cabinet recently approved National Green Hydrogen Mission. The initial outlay for the Mission will be _________.
Consider the following statements regarding economic survey 2022-23:
1.   In Wholesale Price Inflation (WPI), the weightage of primary art...
Which of the following products of a bank can have credit risk?
A. fund based loans
B. non fund based loans
C. treasury products
Which of the following costs would NOT be included while computing the Prime Cost of a product? Â
Which of the following is a feature of a defined contribution pension plan?
1) Guaranteed payout at retirement
2) Employee bears the inves...
Which one of the following is not a function of NABARD?
Which of the following would be considered a 'cash-flow item from an "investing" activity'?
The Working Capital Gap (WCG) is calculated as:
The company has to pay for the warehouse to keep its goods. The warehousing cost will be classified in the company's accounts as ________
