Banking Awareness Questions Set 100 (Small Saving Schemes)

Banking Awareness Questions on Small Saving Schemes Interest Rates, applicable from April-June 2021.

Small Saving Schemes Interest Rates changes are decided by the govt. of India and are updated in each quarter of financial year by the govt. These may or may not change as decided by the govt for the next quarter.

The finance ministry had cut the interest rates of up to 110 basis points or 1.1 percentage points announced on 31st March 2021. But it withdrew its decision to slash interest rates, terming it an “oversight”.

  1. What is the present Rate of Interest in Public Provident Fund (PPF)?
    A) 6.8%
    B) 7.1%
    C) 7.2%
    D) 6.7%
    View Answer
    Option B
  2. What is the present Rate of Interest in National Savings Certificates (NSC)?
    A) 6.9%
    B) 6.5%
    C) 6.8%
    D) 6.2%
    View Answer
    Option C
  3. What is the present Rate of Interest in Senior Citizen Savings Scheme?
    A) 7.4%
    B) 6.8%
    C) 7.1%
    D) 6.7%
    View Answer
    Option A
  4. What is the present Rate of Interest in Five-year recurring deposits?
    A) 5.6%
    B) 6.3%
    C) 6.1%
    D) 5.8%
    View Answer
    Option D
  5. What is the present Rate of Interest in Five-year time deposits?
    A) 6.0%
    B) 7.9%
    C) 6.7%
    D) 7.6%
    View Answer
    Option C
  6. What is the present Rate of Interest in One-year to three-year time deposits?
    A) 5.5%
    B) 6.3%
    C) 5.8%
    D) 6.4%
    View Answer
    Option A
  7. What is the present Rate of Interest in Savings deposits?
    A) 3.8%
    B) 4.0%
    C) 4.3%
    D) 3.6%
    View Answer
    Option B
  8. What is the present Rate of Interest in Kisan Vikas Patra (KVP)?
    A) 6.6%
    B) 7.7%
    C) 6.9%
    D) 7.0%
    View Answer
    Option C
  9. What is the present Rate of Interest in Sukanya Samriddhi Account scheme?
    A) 7.6%
    B) 8.2%
    C) 6.9%
    D) 7.3%
    View Answer
    Option A

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