What is the primary target audience for the National Savings Certificate (NSC) scheme?

"High-net-worth individuals" "Small to mid-income investors" "Corporations and businesses" "Non-resident Indians"

Which of the following is a key feature of the National Savings Certificate (NSC)?

"Variable interest rates adjusted to market fluctuations" "Guaranteed fixed interest rate revised quarterly" "Tax-free interest earnings at maturity" "Investment exclusively through online platforms"

Under which section of the Income Tax Act can investors claim tax benefits for investments in NSC?

"Section 80D" "Section 80C" "Section 80G" "Section 80TTA"

What is the minimum investment amount required to open a National Savings Certificate (NSC)?

"Rs. 100" "Rs. 500" "Rs. 1,000" "Rs. 5,000"

Which of the following entities is NOT eligible to invest in National Savings Certificate (NSC)?

"Indian citizen" "Minor" "Hindu Undivided Family (HUF)" "Individual above 60 years old"

How is the interest earned on a National Savings Certificate (NSC) handled?

"Paid out annually to the investor" "Compounded annually and paid at maturity" "Used to purchase additional NSCs automatically" "Taxed annually at the investor's applicable rate"

What is the typical maturity period for the currently available National Savings Certificate (NSC)?

"3 years" "5 years" "7 years" "10 years"

Which of the following documents is NOT required when applying for a National Savings Certificate (NSC)?

"PAN Card" "Passport" "Aadhaar Card" "Birth Certificate"

What is the process for obtaining a duplicate National Savings Certificate (NSC) in case of loss or damage?

"Apply for a new NSC with a higher denomination" "Contact the Reserve Bank of India with a formal request" "Submit a Duplicate Savings Certificates form to the issuing post office" "File a police complaint and wait for a replacement certificate"

Can a National Savings Certificate (NSC) be used as collateral for secured loans?

"Yes, NSCs are accepted as collateral by banks and NBFCs" "No, NSCs cannot be used as collateral for any type of loan" "Only government banks accept NSCs as collateral" "NSCs can only be used as collateral for personal loans"