What is the primary objective of individuals opening a PPF account?

"To earn high returns with moderate risk" "To save for short-term financial goals" "To protect the principal amount and earn stable returns" "To invest in market-linked securities"

Why is a PPF scheme considered ideal for individuals with a low risk appetite?

"It offers high returns comparable to market-linked investments" "It is mandated by the government and provides guaranteed returns" "It allows for frequent withdrawals without penalties" "It provides tax benefits only on the interest earned"

What is the key benefit of a PPF account during economic downturns?

"It provides protection against inflation" "It offers higher interest rates compared to market-linked investments" "It allows for unlimited withdrawals" "It offers stable returns, unlike fluctuating market-dependent investments"

What is the lock-in period for investments in a PPF account?

"5 years" "10 years" "15 years" "20 years"

What is the maximum amount that can be invested annually in a PPF account?

"Rs. 50,000" "Rs. 1,00,000" "Rs. 1,50,000" "Rs. 2,00,000"

What is the minimum investment amount required to open a PPF account?

"Rs. 100" "Rs. 500" "Rs. 1000" "Rs. 5000"

Under which section of the Income Tax Act can tax benefits be claimed for PPF investments?

"Section 80C" "Section 80D" "Section 80E" "Section 80G"

What is the current interest rate offered on PPF accounts?

"6.5% per annum" "7.1% per annum" "7.5% per annum" "8% per annum"

Who is eligible to open a PPF account in India?

"Only individuals above the age of 18" "Indian citizens residing in the country" "Non-resident Indians" "All individuals regardless of nationality"

What is the maximum percentage of the PPF account balance that can be withdrawn as a loan?

"10%" "15%" "25%" "50%"