Q627
State the correct statement out of these.
A.
Every pension is a kind of annuity
AnswerB.
Every annuity is also a pension
C.
Pension and annuity are one and the same
D.
Every pension is not an annuity
Answer: Option A
Solution
Answer: Option A
Solution:
Every pension is a kind of annuity. Annuity is a fixed sum that you get every year to provide for pension.