National Savings Certificate (NSC) Quiz
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Topic: National Savings Certificate (NSC)
Number of Questions: 10
- National Savings Certificate is issued by?
A) Reserve Bank of India
B) Post Offices
C) Nationalised Banks
D) Both B and C
- Who cannot invest in National Savings Certificate (NSC) Scheme?
A) HUFs
B) NRIs
C) Trust
D) All of the above
- Which of the following is not a valid denotation of National Savings Certificate (NSC)?
A) Rs 500
B) Rs 1,000
C) Rs 5,000
D) Rs 50,000
- What is the minimum investment required in National Savings Certificate (NSC) Scheme?
A) Rs 100
B) Rs 250
C) Rs 500
D) Rs 1000
- What is the maximum investment limit in National Savings Certificate (NSC) Scheme?
A) Rs 50,000
B) Rs 1.5 lakhs
C) Rs 5 lakhs
D) No Such Limit
- Tax benefit applicable under National Savings Certificate (NSC) scheme for investment upto?
A) Rs 50,000
B) Rs 1 lakh
C) Rs 1.5 lakh
D) Full value is tax free
- What is the maturity period of National Savings Certificate (NSC) scheme?
A) 7 years
B) 5 years
C) 10 years
D) 9 years
- The National Savings Certificate (NSC) scheme with maturity of 5 years is also known as?
A) Series IX
B) Series VIII
C) Series V
D) Series VII
- Premature withdrawal is allowed in National Savings Certificate (NSC) scheme after how many years?
A) 1 year
B) 2 years
C) 2.5 years
D) None of the above
- Identify the false statement with respect to the National Savings Certificate (NSC) scheme.
A) Banks and NBFCs accept NSC as a collateral or security for secured loans.
B) Premature Withdrawal is not allowed in NSC under any circumstances
C) A minor can purchase the certificate direct in his name
D) Any number of certificates for the valid denominations may be purchased.
- What is the Interest Rate for National Savings Certificate (NSC) scheme? – Check Here