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
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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