Match List-I with List-II

List-I	List-II
(A) Perpetuity	(I) A person deposits a fixed amount every year in his bank account to renovate his house after 10 yrs.
(B) EMI	(II) A person depositis an amount regularly in his bank account and withdraws in case of need.
(C) Sinking Fund	(III) A fixed amount is debited from the bank account of a person, every month, against a personal loan.
(D) Saving Account	(IV) A person purchased a house and rents it out.

Choose the correct answer from the options given below:

Perpetuity refers to money that continues indefinitely. When a house is purchased and rented out, rental income is received regularly for as long as the property is owned, representing a continuous income stream.

EMI (Equated Monthly Installment) is a fixed amount paid every month to repay a loan. When a personal loan is taken, a fixed amount is automatically debited from the bank account each month until the loan is fully repaid.

A Sinking Fund involves saving money regularly for a specific future expense. When a fixed amount is deposited every year specifically for house renovation after 10 years, this creates a fund dedicated to that future purpose.

A Saving Account is a regular bank account where deposits can be made anytime and withdrawals made as needed. Money is kept and accessed for various needs and emergencies.

Matching the terms with scenarios:

(A) Perpetuity matches with (IV) - Renting out a house provides regular, ongoing rental income

(B) EMI matches with (III) - Fixed monthly deduction from bank account for personal loan repayment

(C) Sinking Fund matches with (I) - Fixed annual deposits to accumulate funds for house renovation after 10 years

(D) Saving Account matches with (II) - Regular deposits with flexibility to withdraw when needed

The correct answer is: (A) - (IV), (B) - (III), (C) - (I), (D) - (II)