Question
Which of the following statements is/are incorrect?
1. The interest rate for the Public Provident Fund (PPF) is 8.2% per annum. 2. Deposits under the Sukanya Samriddhi Yojana can be made until the girl turns 21 years of age. 3. The Senior Citizen Savings Scheme has a maximum investment limit of ₹30 lakhs. 4. The Kisan Vikas Patra doubles the investment amount in 115 months with an interest rate of 7.5%.Solution
• Statement 1: Incorrect. The interest rate for PPF is 7.1%, not 8.2%. • Statement 2: Incorrect. Deposits under the Sukanya Samriddhi Yojana are made for 15 years, and maturity occurs when the girl turns 21 or marries after 18 years. • Statement 3: Correct. The Senior Citizen Savings Scheme allows a maximum investment of ₹30 lakhs. • Statement 4: Correct. Kisan Vikas Patra doubles the investment in 115 months with a 7.5% interest rate.
How often do you find yourself putting the needs of others before your own needs?
How do you handle criticism?
Are you comfortable with taking risks?
How do you approach new challenges?
How important is it for you to have control over your environment?
How do you approach situations where you are required to make difficult ethical decisions?
How do you approach circumstances in which you must cooperate with people whose personalities clash with your own?
How do you typically react when someone disagrees with you?
How often do you feel content with your current life and circumstances?
How likely are you to seek out the opinions and perspectives of others when making important decisions?
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