Question
In the PPF (Public Provident Fund) Scheme the amount
gets locked in for a period of 15 years but if one has to withdraw it before the maturity then the money can be withdrawn only after how many years?Solution
In the PPF scheme partial withdrawals from year 7 i.e. on completing 6 years is permitted. It is a scheme for a long term investment that offers an attractive rate of interest and returns on the amount invested. It is not taxable. One has to open a PPF account under this scheme and the amount deposited during a year will be claimed under section 80C deductions.
Statements:
I. RBI Puts Allahabad Bank under Prompt Corrective Action for High NPAs.
II. An on-site inspection of high NPAs and negati...
How many persons live between K and I?
Event (A): A major reason for diseases like Parkinson’s, which don’t have a cure yet-is aggregation of toxic proteins and inefficient autophagy or ...
Event (A): More than 11.5 lakh saplings are being planned to be planted across the city and school children will be advised to take care of 2 saplings e...
On the assumption that everything in the statement to be true, you have to decide which of the three given courses of action logically follow for pursu...
Statement:
I. The brake system of public school bus carrying 20 students failed.
II. Many parents were seen withdrawing their children...
Event (A): Scientists have discovered the oldest orchid fossil trapped in amber that dates back some 45 million years to 55 million years
Even...
Event (A): The Health Department has made it mandatory for brides and grooms to obtain Age Certificate before marriage from taluk and district hospitals...
In the question given below, two statements (I) and (II) are given. These statements may be either independent causes or may be effects of independent ...
Statement: The alumni of the institute returned to rescue crumbling building of 112-year-old alma mater.
I. The Building of the institute was b...
