What is the primary investment focus of Equity Linked Savings Schemes (ELSS)?

Government Securities Corporate Debt Equity and equity-related tools Alternative investment funds

What is the key advantage of ELSS funds in terms of investment duration?

They offer the highest returns with the shortest lock-in period They guarantee a specific rate of return They are entirely risk-free They mature within one year

What is the primary goal of the National Pension Scheme (NPS)?

Short-term savings for immediate expenses Funding entrepreneurial ventures Encouraging long-term retirement savings Supporting short-term debt financing

Which of the following is a distinctive feature of NPS compared to other pension schemes in India?

It restricts fund withdrawals until retirement It offers limited investment options It lacks portability between jobs or locations It allows for easy transfer of accumulated funds when changing employment

What is the main difference in tax treatment between NPS and ELSS?

NPS offers no tax benefits, while ELSS does ELSS offers tax deductions on contributions, while NPS does not Both offer tax deductions, but NPS has a higher deduction limit Both offer tax deductions, but ELSS has a higher deduction limit

Which investment strategy is generally recommended for individuals seeking stable returns for retirement planning?

Investing in high-risk, high-reward startups Short-term trading in the stock market Opting for the National Pension Scheme (NPS) Focusing solely on Equity Linked Savings Schemes (ELSS)

What is a significant advantage of ELSS for investors with regular income?

It allows for lump-sum investments only It offers guaranteed returns, regardless of market fluctuations It provides the flexibility of investing through a Systematic Investment Plan (SIP) It restricts investments to a fixed amount determined at the start

What is a key factor to consider when choosing between NPS and ELSS, besides tax benefits?

Investor's fashion preferences Current real estate market trends Individual risk tolerance and financial goals Popularity of specific brands