Choosing the Right Short-Term Investment
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Questions and Answers

What is the minimum investment period for bank Fixed Deposits?

  • 7 days
  • 60 days
  • 30 days (correct)
  • 15 days

    • Who are the ideal investors for Fixed Deposits with banks?

  • Investors with low investment period (correct)
  • Investors looking for high risk
  • Investors looking for low risk
  • Investors with high investment period

    • What does a term life insurance policy provide?

  • Periodic payment of premiums and a lump sum amount on the date of expiry of the policy
  • A combination of risk cover and investment
  • A lump sum payment to the designated beneficiary in case of the death of the insured (correct)
  • A guaranteed income for life

    • What does an endowment policy provide?

    <p>Periodic payment of premiums and a lump sum amount either in the event of death of the insured or on the date of expiry of the policy</p> Signup and view all the answers

    What does an annuities/pension policy provide?

    <p>A guaranteed income for life or for a certain period</p> Signup and view all the answers

    What does a ULIP provide?

    <p>A combination of risk cover and investment</p> Signup and view all the answers

    What is the main purpose of a life insurance policy?

    <p>To provide funds for the loss of income in case of death</p> Signup and view all the answers

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