Question
Which of the following statement is/are INCORRECT about
the announcement made by Central Government in November 2023 regarding modification to Senior Citizen's Savings Scheme? 1. The amended Senior Citizen's Savings (Fourth Amendment) Scheme, 2023, now allows depositors to extend their accounts multiple times upon maturity to benefit from its attractive interest rates for a shorter period. 2. The ministry has also amended the rules to not to allow premature closure of PPF account and changed the rules governing premature withdrawal under the National Savings Time Deposit scheme.Solution
The correct answer is D
A man invested Rs. 8,000 at simple interest of 'x%' p.a. and received Rs. 16,000 after 2 years. If he had invested Rs. 24,000 at simple interest of 'x%'...
David takes a loan of Rs. 20000 from his friend Alex, which he is to return at 10% p.a. simple interest after 5 years. Alex takes...
What sum of money will become Rs.1352 in 2 years at 4 percent per annum compound interest?
A took a loan of Rs.4450 at simple interest of 10% p.a. and invested the same money in a scheme at simple interest of 20% p.a. Find the profit earned by...
Priya invested Rs. ‘x’ at 10% p.a. simple interest and Pooja invested Rs. (x + 800) at 8% p.a. simple interest. If the total interest after 2 years ...
Atul has Rs.600 with him. He invested 30% of the amount at 5% p.a. for 6 years and rest at 15% p.a. for 4 years. Find the sum of simple interests receiv...
A person invested Rs. 7500 at a simple interest rate of 12% per annum, and also invested Rs. 8000 at a compound interest rate of 15% per annum, compound...
Raghav has made financial investments in two different Gold Schemes. In Gold Scheme P, he invested a certain amount denoted by 'a' for 2 years with an a...
A certain sum of money will be doubled in 25 years at the rate of simple interest percent per annum is:
If Rs. 15000 is invested at 14% per annum, compounded yearly, calculate the interest earned in one year.
Relevant for Exams:
