What is the primary objective of the Sukanya Samriddhi Yojana (SSY)?

To provide financial security for boys To encourage investment in the stock market To secure the future of girl children To promote small business startups

What is the minimum age requirement for a girl child to be eligible for the SSY scheme?

5 years 10 years 15 years 18 years

Which of the following is a key benefit of the Sukanya Samriddhi Yojana?

Guaranteed high returns in the stock market Tax deductions on investments Subsidies for starting a new business Free education for the girl child

Where can an individual apply for the Sukanya Samriddhi Yojana?

Only through the Reserve Bank of India Through select private companies At participating banks and post offices Exclusively through online platforms

What is the minimum annual deposit required to maintain an active SSY account?

Rs. 100 Rs. 250 Rs. 500 Rs. 1000

Under which section of the Income Tax Act can one claim deductions for contributions to the SSY?

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

What is the maturity period for the Sukanya Samriddhi Yojana?

10 years 15 years 18 years 21 years

What is the maximum amount that can be invested annually in an SSY account?

Rs. 25,000 Rs. 50,000 Rs. 1,00,000 Rs. 1,50,000

What is a key feature of the interest earned on the Sukanya Samriddhi Yojana?

It is subject to market fluctuations It is fixed for the entire tenure It is linked to the performance of specific stocks It is tax-deductible

Under what circumstances is premature withdrawal from an SSY account permitted?

To fund a family vacation To purchase a new vehicle For the girl child's marriage after turning 18 To invest in a more profitable scheme