Question

Given below are two statements:
Statement I: Endowment Policy run's only for a limited period or up to a particular age.
Statement II: For a valid nomination, some consideration is essential unless made by way of gift. But assignment does not require any consideration. In the light of the above statements, choose the correct answer from the options given below

• A. Both Statement I and Statement II are true
• B. Both Statement I and Statement II are false
• C. Statement I is true but Statement II is false
• D. Statement I is false but Statement II is true

Answer 1

Answer: (C)

Statement I is true but Statement II is false

Answer 2

The correct option is (C):Statement I is true but Statement II is false