Question Bank - Banking & Financial Services

Here's the question bank on all the banking & financial services topics.

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With reference to the investment schemes of India, what does the second 'P' stand for in 'PPF'?

A.
Prudent
B.
Programme
C.
Provident
D.
Price

Solution:

The correct answer is Provident. The second 'P' stands for Provident in 'PPF'. Public Provident Fund (PPF):It was introduced in India in the year 1968. The objective of PPF is to mobilize small savings in the form of investment with a return on it. It is a scheme regulated by the Government of India. It has a lock-in period of 15 years.

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