Question : Which of the following is not a type of life insurance policy?
Option 1: Endowment policy
Option 2: Term policy
Option 3: Annuity policy
Option 4: Credit policy
Correct Answer: Credit policy
Solution : The correct answer is (d). Credit policy
The options listed in the question are types of life insurance policies except for "Credit policy." Credit policies are not a common type of life insurance policy. Life insurance policies typically include options such as endowment policies, term policies, and annuity policies. However, credit policies generally refer to insurance coverage specifically designed to cover outstanding debts or loans.
Question : Which of the following is not a type of insurance policy?
Option 1: Term insurance policy
Option 2: Whole life insurance policy
Option 3: Money back insurance policy
Option 4: Share insurance policy
Question : Which of the following is not a type of credit facility provided by banks?
Option 1: Overdraft facility
Option 2: Term loan facility
Option 3: Lease facility
Option 4: Cash credit facility
Question : Which of the following is a long-term source of finance?
Option 1: Trade credit
Option 2: Bank overdraft
Option 3: Debentures
Option 4: Factoring
Question : Which of the following is not a type of insurance offered by banks?
Option 1: Life insurance
Option 2: Health insurance
Option 3: Car insurance
Option 4: Agriculture insurance
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