Question
Which of the following statements is/are incorrect?
1. The interest rate for the Public Provident Fund (PPF) is 8.2% per annum. 2. Deposits under the Sukanya Samriddhi Yojana can be made until the girl turns 21 years of age. 3. The Senior Citizen Savings Scheme has a maximum investment limit of ₹30 lakhs. 4. The Kisan Vikas Patra doubles the investment amount in 115 months with an interest rate of 7.5%.Solution
• Statement 1: Incorrect. The interest rate for PPF is 7.1%, not 8.2%. • Statement 2: Incorrect. Deposits under the Sukanya Samriddhi Yojana are made for 15 years, and maturity occurs when the girl turns 21 or marries after 18 years. • Statement 3: Correct. The Senior Citizen Savings Scheme allows a maximum investment of ₹30 lakhs. • Statement 4: Correct. Kisan Vikas Patra doubles the investment in 115 months with a 7.5% interest rate.
What is the primary focus of the MoU signed between SIDBI and Peenya Industries Association under the National MSME Cluster Outreach Programme?
- Which Indian bank has partnered with Chennai Super Kings (CSK) to launch a co-branded credit card for cricket enthusiasts?
- Which Indian company has been awarded the "Most Sustainable Corporation in Asia 2025" title?
L. Ganesan, who passed away in August 2025, was associated with which political party?Â
What is the focus of the India-Australia air-to-air refueling agreement?
The Karwar Urban Co-operative Bank's license was cancelled due to:Â
Which element is often referred to as the "Stranger Gas"?
What is the main objective of Odisha's SOP under the Shree Anna Abhiyan?
What is the primary objective of the $100 million credit facility agreement between SIDBI and AFD?
Which country became the first major Western power to formally recognize Palestinian statehood in 2025?Â
Relevant for Exams:
