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CUET · MATHS · PYQ PAPER 2025

Which of the following is NOT correct about a Sinking Fund?

  1. A It is set up for particular upcoming expense.
  2. B A fixed amount at regular intervals is deposited in it.
  3. C It can be used only for the purpose it was created.
  4. D It is a long-term fund which can be closed at any time.
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Answer & Solution

Correct Answer

(D) It is a long-term fund which can be closed at any time.

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Detailed explanation

It is a long-term fund which can be closed at any time.
From CUET
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