Advertisements
Advertisements
Question
Choose the correct pair:
Options
Kisan Vikas Patra - Bank
Compulsory Saving - Provident Fund
Mutual Funds - Post Office
Unit Trust of India - Compulsory Saving
MCQ
Advertisements
Solution
Compulsory Saving - Provident Fund
Explanation:
A provident fund (such as EPF or GPF) operates on a mandatory, regular deduction from an employee’s salary. Because these contributions are mandated by employment rules to secure an individual’s financial future, they are classified as compulsory savings.
shaalaa.com
Is there an error in this question or solution?
