When was the PPF scheme introduced in India? Option: 1968, 1992, 1985, 2004

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When was the PPF scheme introduced in India?

1968

1992

1985

2004

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Which of the following is a key characteristic of Public Provident Fund (PPF) in India?

"It is a long-term savings scheme with a fixed tenure of 15 years, operated and guaranteed by the Central Government."

"It offers high liquidity, allowing investors to withdraw funds at any time without penalty."

"Returns are market-linked and fluctuate based on the performance of underlying assets."

"It is primarily designed for short-term investment goals, such as funding a vacation or making a down payment on a car."

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What is the current interest rate offered on PPF accounts?

"8% per annum"

"7.5% per annum"

"6.5% per annum"

"7.1% per annum"

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Which Post Office scheme is considered a suitable retirement or pension plan?

Kisan Vikas Patra Account

Public Provident Fund Account

National Savings Time Deposit Account

National Savings Certificates (NSC)

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What is the lock-in period associated with Public Provident Fund (PPF) investments in India?

"There is no lock-in period, and investors can withdraw funds at any time."

"15 years, with the option to renew in batches of 5 years thereafter."

"It varies depending on the specific PPF scheme chosen by the investor."

"3 years, similar to Equity Linked Savings Schemes (ELSS)."

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What is the lock-in period for investments in a PPF account?

"15 years"

"20 years"

"10 years"

"5 years"