1. Amount of money which equal to series of
payments in future
(a) nominal value of annuity
(b) sinking value of annuity
(c) present value of annuity
(d) future value of annuity

2. Process of loan repayment by installment payment
is classified as
(a) amortizing loan
(b) depreciation loan
(c) appreciation loan
(d) appreciation of investment

3. Dollar amount of mortgage loan multiplied
monthly payment of Mortgage loan per dollar is
used to calculate
(a) semi annually mortgage payment
(b) daily mortgage payment
(c) monthly mortgage payment
(d) annually mortgage payment

4. The child mortality rate concerns children who die
before their
(a) first birthday                   (b) second birthday
(c) fifth birthday                   (d) tenth birthday

5. Pro-natalist policies encourage
(a) large families              (b) small families
(c) family planning           (d) family lies

6. The difference between immigration and
emigration is termed
(a) migration difference
(b) net migration
(c) gross migration
(d) total migration

7. Money sent back to their families by migrants is
called
(a) gifts                                     (b) returns
(c) remittances                       (d) postal orders

8. Which of the following is not part of the insuring
agreement of a policy?
(a) insured profits
(b) premiums
(c) exclusions
(d) description of property insured

9. Very large risks are often insured by means of
(a) extension policies
(b) prescription policies
(c) subscription policies
(d) endorsements