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Mr. Kumar has recently retired and wants to get good returns from his savings. Identify the agency in which he can invest his savings: - Home Science

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Question

Mr. Kumar has recently retired and wants to get good returns from his savings. Identify the agency in which he can invest his savings:

Options

  • Post office

  • The Provident Fund

  • Gratuity

  • The Pension Scheme

MCQ
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Solution

Post office

Explanation:

The Post Office provides secure, low-risk investment options with reliable returns, such as the Senior Citizens Savings Scheme (SCSS) and the Post Office Monthly Income Scheme (POMIS), making them suitable for retirees.

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