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What is the primary objective of the Kisan Vikas Patra (KVP) savings scheme?

To provide short-term investment opportunities with high risk

To encourage long-term savings among Indians with a low-risk option

To offer tax benefits under Section 80C of the Income Tax Act

To facilitate investments exclusively for urban residents with high income

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Which of the following is a unique feature of the 'Joint B' type KVP certificate?

It allows investment from non-resident Indians (NRIs)

The interest earned is payable to only one of the two investors

It offers a higher interest rate compared to other KVP types

It permits investment from Hindu Undivided Families (HUFs)

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What is the current interest rate offered on KVP investments?

6.9%

7.2%

7.5%

7.7%

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What is the minimum investment amount required to purchase a KVP certificate from a post office?

Rs. 500

Rs. 1,000

Rs. 5,000

Rs. 10,000

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Under what circumstances is premature withdrawal of KVP investments allowed after 30 months?

If the investor decides to switch to a different savings scheme

If the interest rates on other investment options become more favorable

In the event of the owner's death or a court directive

If the investor faces a sudden financial emergency

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Which of the following is NOT a benefit of investing in KVP?

Flexibility in investment amount

Tax benefits under Section 80C

Ease of transfer

Loan options using KVP certificates as collateral

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Who determines the interest rate for Kisan Vikas Patra?

Reserve Bank of India

Securities and Exchange Board of India

Finance Ministry of India

India Post

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What is the maturity period for KVP investments at the current interest rate?

100 months

113 months

124 months

135 months