PPSC Past Paper 2

Annuity is:

  • Subject:  Generic
  1. A sum of money received on a regular basis as one of a series fixed
  2. A financial product designed to pay out a stream of payment to the holder at a later point in line
  3. Both (A) and (B)
  4. Annual payment dues
Correct Answer: A sum of money received on a regular basis as one of a series fixed