Q. With reference to Small Savings Scheme consider the following statements:
1.They provide returns higher than bank’s fixed deposits
2.The depositors get an assured interest on their money.
3.All deposits received under various small saving schemes are put in National Fund of Citizens (NFC)
Which of the statements given above is/are correct?

[A] 1 only

[B] 1 and 2 only

[C] 2 and 3 only

[D] 1, 2 and 3

Answer: B
Notes:

Explanation –

Statement 1 and 2 are correct. Small Savings Scheme provide returns higher than bank fixed deposits. The depositors get an assured interest on their money.

Statement 3 is incorrect. All deposits received under various small saving schemes are put in National Small Savings Fund.

Source: The Hindu