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CUET · MATHS · PYQ PAPER 2025

Which of the following are similarities between the sinking fund and the savings account?
(A) The sinking fund and the savings account are both financial tools.
(B) Both can be used in any emergency.
(C) They both involve setting aside an amount of money for the future.
(D) Both are long-term accounts which can be closed any time.
Choose the correct answer from the options given below

  1. A (A), (B) and (D) only
  2. B (A), (B) and (C) only
  3. C (B), (C) and (D) only
  4. D (A) and (C) only
Verified Solution

Answer & Solution

Correct Answer

(D) (A) and (C) only

Step-by-step Solution

Detailed explanation

(A) and (C) only
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