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    Question

    What is the maximum limit of investment in Kisan

    Vikas Patra?
    A Rs.50,000 Correct Answer Incorrect Answer
    B Rs.100,000 Correct Answer Incorrect Answer
    C Rs.500,000 Correct Answer Incorrect Answer
    D Rs.1,000,000 Correct Answer Incorrect Answer
    E No upper limit Correct Answer Incorrect Answer

    Solution

    Kisan Vikas Patra is a saving certificate scheme which was first launched in 1988 by India Post. The Government of India decided to close this scheme and KVP was closed in 2011 and the new government relaunched it in 2014. KVP certificates are available in the denominations of Rs 1000, Rs 5000, Rs 10000 and Rs 50000. The minimum amount that can be invested is Rs 1000. However, there is no upper limit on the purchase of KVPs.

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