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      Question

      Consider the following statements about Kisan Vikas

      Patra (KVP): 1. The interest rate is 7.5% per annum. 2. The minimum deposit is β‚Ή1000. 3. The scheme offers a fixed maturity duration of 10 years.
      A 1 only Correct Answer Incorrect Answer
      B 1, 2 and 3 only Correct Answer Incorrect Answer
      C 2 and 3 only Correct Answer Incorrect Answer
      D 1 and 2 Correct Answer Incorrect Answer

      Solution

      The maturity duration depends on when the amount doubles (currently 115 months), not a fixed 10 years.

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