What is the primary objective of national savings schemes?

To generate high returns for investors To fund government projects To mobilize savings and help individuals build a corpus To promote investment in the stock market

Which of the following is a characteristic of national savings schemes?

Returns are linked to market risks They are operated by private companies Rates of return are revised frequently They are primarily for high-income individuals

Which national savings scheme is similar to a fixed deposit account in a bank?

Post Office Monthly Income Scheme Post Office Recurring Deposit Account Post Office Time Deposit Account Kisan Vikas Patra

What is the minimum investment amount required to open a Public Provident Fund (PPF) account?

Rs. 100 Rs. 200 Rs. 500 Rs. 1000

Which national savings scheme is specifically designed for senior citizens?

Sukanya Samriddhi Yojana Kisan Vikas Patra Senior Citizens Saving Scheme (SCSS) National Savings Certificate

What is the key benefit of national savings schemes being backed by the government?

High returns Tax exemption on all schemes Elimination of risk of losing principal investment Guaranteed dividends

What is a common feature of most national savings schemes?

Variable returns Investment in foreign currencies Potential tax-saving opportunities High risk, high reward