What is the age of majority in India according to the Indian Majority Act, 1875?

16 years 18 years 21 years 25 years

Who manages investments for a minor in India?

The minor themselves A financial advisor A guardian A bank manager

What type of trading are minors in India allowed to participate in?

Equity Intraday Equity Derivative Trading (F&O) Currency Derivatives (F&O) Equity Delivery Trades

Which document is NOT required when a minor opens a trading and Demat account in India?

Birth certificate PAN card of the minor PAN card of the guardian Aadhaar card of the minor

What happens to a minor's investment account when they reach the age of majority?

The account is automatically closed The account is transferred to the guardian The minor can continue using the existing account or open a new one The account is frozen indefinitely

Can a minor invest in mutual funds in India?

Yes, but only in debt funds Yes, with the help of a guardian No, minors are not allowed to invest in mutual funds Yes, but only after the age of 16

What is the maximum percentage of the account balance that can be withdrawn from a Sukanya Samriddhi Account for higher education purposes?

25% 50% 75% 100%

Which of the following is NOT an investment avenue available to minors in India?

Sovereign Gold Bonds Real Estate Public Provident Fund (PPF) Fixed Deposits