What is National Savings Certificate?

3. What is National Savings Certificate?

  1. Short-term U.S. government debt obligation
  2. A fixed-income investment scheme
  3. A financial product commonly sold by banks, thrift institutions, and credit unions
  4. An unsecured money market instrument

Answer: B) A fixed-income investment scheme

Explanation:

The National Savings Certificate (NSC) is a decent pay venture conspire that you can open with any mail centre branch. The plan is a Government of India drive. It is a reserve funds security that empowers endorsers - for the most part, little to mid-pay financial backers - to contribute while saving money on personal assessment.

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