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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.

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