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Government of India is running 'A Retirement Benefit Scheme' called –
Question



Government of India is running 'A Retirement Benefit Scheme' called –

A.

Provident Fund Scheme

B.

Insurance Policy

C.

Unit Trust

D.

Shares

Correct option is A


The Provident Fund Scheme is a retirement benefit program managed by the Government of India, offering financial security to employees post-retirement.
Information Booster:
· Types of Provident Funds: Employees' Provident Fund (EPF), Public Provident Fund (PPF).
· Benefits: Lump-sum savings with interest and tax exemptions.
Additional Knowledge:
· Insurance Policy: Covers life or health risks.
· Unit Trust: Investment vehicles pooling funds.
· Shares: Represent ownership in a company.

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