Q. With reference to Mahila Samman Saving Certificate (MSSC), consider the following statements:
1.It is a small saving scheme.
2.The scheme carries a fixed interest rate.
3.The government has allowed full withdrawal facility in the scheme.  
Which of the statements given above are correct?

[A] 1 and 2 only

[B] 2 and 3 only

[C] 1 and 3 only

[D] 1, 2 and 3

Answer: A

Explanation –

Statement 1 and 2 are correct. MSSC is a one-time small saving scheme for women. The scheme will be made available for a two-year period up to March 2025. It will have a fixed interest rate of 7.5% for two years.

Statement 3 is incorrect. The government has allowed the partial withdrawal facility in the scheme.

Source: ForumIAS