Which one of the below is not a case of annuity?

Payment of Rs.10, 000 received today last year on the same day and likely payment of a similar sum by the insurer next year
Electricity Bill
Car payments made by the loanee car owner
Periodical mortgage payments

The correct answer is B. Electricity Bill.

An annuity is a series of equal payments made at regular intervals for a fixed or indefinite period of time. The payments can be made monthly, quarterly, semi-annually, or annually. Annuities are often used to provide retirement income or to fund other long-term goals.

Option A is a case of annuity because it meets the definition of an annuity. The payment of Rs.10,000 is made at regular intervals (every year) for a fixed period of time (one year).

Option B is not a case of annuity because the payment of electricity bill is not made at regular intervals. The amount of the payment may vary depending on the usage of electricity.

Option C is a case of annuity because the car payments are made at regular intervals (monthly) for a fixed period of time (the term of the loan).

Option D is a case of annuity because the mortgage payments are made at regular intervals (monthly) for a fixed period of time (the term of the mortgage).