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SYBBI-WM Tax Saving Instruments

Total questions: 10

Worksheet time: 2mins

Name
Class
Date
1.

The following is not tax saving instrument

a)

PPF

b)

EPF

c)

NPS

d)

Bank FD

2.

For ELSS Lock in period is

a)

5 Years

b)

3 Years

c)

4 Years

d)

1 Year

3.

ELSS can be done as

a)

Lumsum

b)

SIP

c)

Lumsum and SIP

d)

None of the above

4.

Tax Saving FDs have a lock up period of _______ years

a)

2

b)

3

c)

5

d)

7

5.

NPS is currently having ________ status

a)

EEE

b)

EET

c)

ETT

d)

TTT

6.

For NPS the additional deduction is Rs. _________ over and above the limit.

a)

25000

b)

50000

c)

100000

d)

150000

7.

PPF is withdrawal after ________ years.

a)

15

b)

10

c)

5

d)

8

8.

in PPF employer also contributes.

a)

True

b)

False

9.

NSC is issued for ____

a)

5 Years

b)

10 Years

c)

7 Years

d)

11 Years

10.

PPF can be withdrawn for the following reason before lock in period.

a)

Marriage

b)

House Construction and Renovation

c)

Investment

d)

Gambling