Question

To provide security for his family in his retirement years Leela’s father invested money in various schemes. Suggest the appropriate scheme he should adopt.

1. Public Provident fund
2. Ujwala Yojna
3. Kisan Vikas Patra
4. Wellness scheme

विकल्प

• Only iv

• Both i and iv

• Both i and ii

• Both i and iii

Answer 1

Both i and iii

Explanation:

i. Public Provident Fund (PPF): The PPF is a long-term investment scheme offered by the government that provides attractive interest rates and tax benefits. It is a safe and secure option for building a retirement corpus due to its stable returns and government backing.

iii. Kisan Vikas Patra (KVP): KVP is a savings scheme that doubles the invested amount over a predetermined period. It is also backed by the government, ensuring safety and reliability. This scheme is suitable for long-term investments aimed at securing financial stability in retirement.