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Which of the following are similarities between the sinking fund and the savings account? (A) The sinking fund and the savings account are both…

CUET UG 2025 — Mathematics Statistics & Applications

2025mcqmedium

Which of the following are similarities between the sinking fund and the savings account?

(A) The sinking fund and the savings account are both financial tools.

(B) Both can be used in any emergency.

(C) They both involve setting aside an amount of money for the future.

(D) Both are long-term accounts which can be closed any time.

Choose the correct answer from the options given below:

Official previous-year question

Held on 15 May 2025 · Verified 13 Jul 2026.

Options

  1. A

    (A), (B) and (D) only

  2. B

    (A), (B) and (C) only

  3. C

    (B), (C) and (D) only

  4. D

    (A) and (C) only

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