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Choose the Odd-One-Out. Compulsory savings includes (a) Gratuity (b) Provident fund (c) Post Office (d) Pension Scheme

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Question

Choose the Odd-One-Out.

Compulsory savings includes

  1. Gratuity 
  2. Provident fund
  3. Post Office
  4. Pension Scheme
Odd One Out
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Solution

Post Office

Explanation:

The post office is a financial institution that hosts voluntary savings schemes where individuals choose how much and when to deposit money.

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Concept of Saving
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Chapter 1: Budgeting and Savings - EXERCISES [Page 19]

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Dr. Alka Agarwal, Urvi Raval Home Science for Class 10th ICSE
Chapter 1 Budgeting and Savings
EXERCISES | Q 4. A. | Page 19
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