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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