Explanation:

Here’s the thing—near money is basically anything that isn’t cash, but can quickly become cash when you need it. Let’s break down your options:

- Bonds: You can sell them fairly easily in the market and turn them into cash. That’s near money.

- Insurance policy: Certain types like endowment or savings policies can be cashed in or borrowed against. Also near money.

- Securities: Think shares, debentures, other marketable instruments. You can sell them fast. They’re near money too.

So, all of these count as near money—they're not cash, but they're pretty handy when you want quick liquidity.

The correct answer is: Option 4 - All of these