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CUET · MATHS · PYQ PAPER 2025

Which one of the following statement is incorrect about sinking fund?

  1. A It is a fixed term account.
  2. B It is set-up for a particular upcoming expense.
  3. C In this fund a fixed amount at regular intervals is deposited.
  4. D It can be used in any emergency.
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Answer & Solution

Correct Answer

(D) It can be used in any emergency.

Step-by-step Solution

Detailed explanation

It can be used in any emergency.
From CUET
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