1 View

Question : Which of the following is not an example of small savings?

Option 1: Mutual Funds

Option 2: National Savings Certificates

Option 3: Kisan Vikas Patras

Option 4: Post Office Deposits


Team Careers360 3rd Jan, 2024
Answer (1)
Team Careers360 23rd Jan, 2024

Correct Answer: Mutual Funds


Solution : The correct answer is Mutual Funds.

Mutual Funds are not an example of small savings. Small savings refer to traditional savings instruments offered by government-backed financial institutions and schemes. Examples of small savings include National Savings Certificates, Kisan Vikas Patras and Post Office Deposits. Mutual Funds, on the other hand, are managed investment funds offered by financial institutions and involve pooling money from multiple investors for diversified investment purposes.

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books