[amp_mcq option1=”The fund for rebuilding a structure when its economic life is over” option2=”Raised to meet maintenance costs” option3=”The total sum to be paid to the municipal authorities by the tenants” option4=”A part of the money kept in reserve for providing additional structures and structural modifications” correct=”option1″]<\/p>\n
The correct answer is: A. The fund for rebuilding a structure when its economic life is over.<\/p>\n
A sinking fund is a fund that is set aside to pay off a debt or to finance a future project. It is typically invested in low-risk assets, such as bonds or certificates of deposit, so that the money will be available when it is needed.<\/p>\n
Option B is incorrect because a sinking fund is not raised to meet maintenance costs. Maintenance costs are typically paid out of operating expenses.<\/p>\n
Option C is incorrect because the total sum to be paid to the municipal authorities by the tenants is called a “rent.”<\/p>\n
Option D is incorrect because a sinking fund is not a part of the money kept in reserve for providing additional structures and structural modifications. This money is typically called a “capital reserve.”<\/p>\n","protected":false},"excerpt":{"rendered":"
[amp_mcq option1=”The fund for rebuilding a structure when its economic life is over” option2=”Raised to meet maintenance costs” option3=”The total sum to be paid to the municipal authorities by the tenants” option4=”A part of the money kept in reserve for providing additional structures and structural modifications” correct=”option1″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[655],"tags":[],"class_list":["post-8478","post","type-post","status-publish","format-standard","hentry","category-construction-planning-and-management","no-featured-image-padding"],"yoast_head":"\n