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      Question

      Interest rate on small saving scheme is paid

      __________.
      A Daily Correct Answer Incorrect Answer
      B Monthly Correct Answer Incorrect Answer
      C Quarterly Correct Answer Incorrect Answer
      D Half Yearly Correct Answer Incorrect Answer
      E Yearly Correct Answer Incorrect Answer

      Solution

      Interest rates for small savings schemes are notified on a quarterly basis. Small savings schemes are designed to provide safe and attractive investment options to the public and at the same time to mobilise resources for development.

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