New Register for Workshop on How to start for NABARD 2025 (Stepwise Plan) - Apr 26, 7 PM

    Question

    Read the passage below and answer the following questions based on the passage ( Q no 27 to 30) Saving for a girl child has become a key priority for many parents in India, driven by both financial security and a growing awareness of the importance of gender equality in education and opportunities. In a country where cultural norms have historically favored investing in male children, there has been a significant shift in perspective. Parents now recognize the need to ensure that their daughters have the financial backing to pursue education, build careers, and lead independent lives. One of the primary reasons parents focus on savings for their girl child is the rising cost of education. In today's competitive world, access to quality education has become essential for future success. Parents often begin saving early to ensure that their daughters can attend good schools, pursue higher education, or even study abroad. Whether it is securing funds for college, professional courses, or vocational training, these savings provide the foundation for a girl’s future empowerment and career opportunities. Another important factor driving parents to save for their daughters is the need to provide for future financial security, including marriage-related expenses. In India, marriage is still considered a major life event, and parents often feel the responsibility to bear the significant financial costs associated with it. Although these expenses can be high, saving early helps reduce the burden on families and ensures that their daughters can have the financial support they need for this important milestone, should they choose to marry.

    Under the Sukanya Samridhi Yojana, which of the

    following options correctly states the maximum tenure of the account and the conditions for premature closure?
    A The account matures after 21 years from the date of opening, and premature closure is allowed after 18 years. Correct Answer Incorrect Answer
    B The account matures after 21 years from the date of the girl child's birth, and premature closure is allowed for the purpose of higher education after 18 years. Correct Answer Incorrect Answer
    C The account matures on the girl child's 21st birthday, and premature closure is allowed only in the event of the girl child's death. Correct Answer Incorrect Answer
    D The account matures on the girl child's 21st birthday, and premature closure is allowed for the purpose of marriage after the girl child turns 18 years old. Correct Answer Incorrect Answer
    E The account matures after 21 years from the date of opening, and premature closure is allowed only in exceptional circumstances like the account holder's death or diagnosis of a terminal illness. Correct Answer Incorrect Answer

    Solution

    The SSA matures when the girl child reaches 21 years of age or gets married after turning 18 years old. Premature closure is allowed after the girl child turns 18 only for the purpose of her marriage.

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