Sums of money laid aside and normally invested to provide a regular income on retirement or in compensation for disablement for the remainder of a person’s life is called:

Related MCQs

• Sums of money for which account has to be made are called:
• The profits retained in the business and set aside for specified purposes are known as
• The capital that is not invested in fixed assets but the work in process is called:
• The value of the output of all goods and services produced within a nation's borders, normally given as a total for the year. It thus includes the production of foreign owned firms within the country, but excludes the income from domestically owned firms located abroad, is called:
• The interest due by applying the rate to the sum of the capital invested plus the interest previously earned and reinvested is referred to as
• The accumulation of idle money balances or inactive money is called:
• If he Central Bank wants to encourage an increase in the supply of money and decrease in the cost of borrowing money, it should -
• "he national income consists of a collection of goods and services reduced to common basis by being measured in terms of money,"— Who says this?
• National income accounting is the study of the income and expenditure of the entire -
• Which law states that with constant taste and preferences, the proportion of income spend on food stuff diminishes as income increases?