{"id":33635,"date":"2024-04-15T09:19:35","date_gmt":"2024-04-15T09:19:35","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=33635"},"modified":"2024-04-15T09:19:35","modified_gmt":"2024-04-15T09:19:35","slug":"what-are-the-salient-features-of-kisan-vikas-patra-1-investment-up-to-rs-1-5-lakh-get-tax-deduction-benefit-under-it-act-2-kvps-can-be-pledged-as-security-deposit-in-public-sector-banks-only-3","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/what-are-the-salient-features-of-kisan-vikas-patra-1-investment-up-to-rs-1-5-lakh-get-tax-deduction-benefit-under-it-act-2-kvps-can-be-pledged-as-security-deposit-in-public-sector-banks-only-3\/","title":{"rendered":"What are the salient features of Kisan Vikas Patra? 1. Investment up to Rs. 1.5 lakh, get tax-deduction benefit under IT act. 2. KVPs can be pledged as security-deposit in public sector banks only. 3. KVP Funds can be withdrawn from ATMs using Kisan Credit card."},"content":{"rendered":"<p>[amp_mcq option1=&#8221;Only 1 and 2&#8243; option2=&#8221;Only 2 and 3&#8243; option3=&#8221;Only 1 and 3&#8243; option4=&#8221;None of them&#8221; correct=&#8221;option3&#8243;]<!--more--><\/p>\n<p>The correct answer is: <strong>C. Only 1 and 3<\/strong><\/p>\n<p>Here is a brief explanation of each option:<\/p>\n<ul>\n<li>Option 1: Investment up to Rs. 1.5 lakh, get tax-deduction benefit under IT act.<\/li>\n<\/ul>\n<p>This is a correct statement. Kisan Vikas Patra (KVP) is a savings certificate scheme offered by the Government of India through the post offices. It is a popular investment option for farmers and other small investors. KVPs are issued in denominations of Rs. 100, Rs. 500, Rs. 1000, and Rs. 5000. The minimum investment amount is Rs. 100 and the maximum investment amount is Rs. 1.5 lakh. KVPs are eligible for tax deduction under Section 80C of the Income Tax Act, 1961.<\/p>\n<ul>\n<li>Option 2: KVPs can be pledged as security-deposit in public sector banks only.<\/li>\n<\/ul>\n<p>This is an incorrect statement. KVPs can be pledged as security-deposit in any bank, both public sector and private sector.<\/p>\n<ul>\n<li>Option 3: KVP Funds can be withdrawn from ATMs using Kisan Credit card.<\/li>\n<\/ul>\n<p>This is an incorrect statement. KVP Funds cannot be withdrawn from ATMs using Kisan Credit card.<\/p>\n<p>I hope this helps!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;Only 1 and 2&#8243; option2=&#8221;Only 2 and 3&#8243; option3=&#8221;Only 1 and 3&#8243; option4=&#8221;None of them&#8221; correct=&#8221;option3&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[699],"tags":[],"class_list":["post-33635","post","type-post","status-publish","format-standard","hentry","category-banking-and-financial-institutions","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What are the salient features of Kisan Vikas Patra? 1. Investment up to Rs. 1.5 lakh, get tax-deduction benefit under IT act. 2. KVPs can be pledged as security-deposit in public sector banks only. 3. KVP Funds can be withdrawn from ATMs using Kisan Credit card.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/what-are-the-salient-features-of-kisan-vikas-patra-1-investment-up-to-rs-1-5-lakh-get-tax-deduction-benefit-under-it-act-2-kvps-can-be-pledged-as-security-deposit-in-public-sector-banks-only-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What are the salient features of Kisan Vikas Patra? 1. Investment up to Rs. 1.5 lakh, get tax-deduction benefit under IT act. 2. KVPs can be pledged as security-deposit in public sector banks only. 3. KVP Funds can be withdrawn from ATMs using Kisan Credit card.\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;Only 1 and 2&#8243; option2=&#8221;Only 2 and 3&#8243; option3=&#8221;Only 1 and 3&#8243; option4=&#8221;None of them&#8221; correct=&#8221;option3&#8243;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/what-are-the-salient-features-of-kisan-vikas-patra-1-investment-up-to-rs-1-5-lakh-get-tax-deduction-benefit-under-it-act-2-kvps-can-be-pledged-as-security-deposit-in-public-sector-banks-only-3\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-15T09:19:35+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"What are the salient features of Kisan Vikas Patra? 1. Investment up to Rs. 1.5 lakh, get tax-deduction benefit under IT act. 2. KVPs can be pledged as security-deposit in public sector banks only. 3. KVP Funds can be withdrawn from ATMs using Kisan Credit card.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/what-are-the-salient-features-of-kisan-vikas-patra-1-investment-up-to-rs-1-5-lakh-get-tax-deduction-benefit-under-it-act-2-kvps-can-be-pledged-as-security-deposit-in-public-sector-banks-only-3\/","og_locale":"en_US","og_type":"article","og_title":"What are the salient features of Kisan Vikas Patra? 1. Investment up to Rs. 1.5 lakh, get tax-deduction benefit under IT act. 2. KVPs can be pledged as security-deposit in public sector banks only. 3. KVP Funds can be withdrawn from ATMs using Kisan Credit card.","og_description":"[amp_mcq option1=&#8221;Only 1 and 2&#8243; option2=&#8221;Only 2 and 3&#8243; option3=&#8221;Only 1 and 3&#8243; option4=&#8221;None of them&#8221; correct=&#8221;option3&#8243;]","og_url":"https:\/\/exam.pscnotes.com\/mcq\/what-are-the-salient-features-of-kisan-vikas-patra-1-investment-up-to-rs-1-5-lakh-get-tax-deduction-benefit-under-it-act-2-kvps-can-be-pledged-as-security-deposit-in-public-sector-banks-only-3\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2024-04-15T09:19:35+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/what-are-the-salient-features-of-kisan-vikas-patra-1-investment-up-to-rs-1-5-lakh-get-tax-deduction-benefit-under-it-act-2-kvps-can-be-pledged-as-security-deposit-in-public-sector-banks-only-3\/","url":"https:\/\/exam.pscnotes.com\/mcq\/what-are-the-salient-features-of-kisan-vikas-patra-1-investment-up-to-rs-1-5-lakh-get-tax-deduction-benefit-under-it-act-2-kvps-can-be-pledged-as-security-deposit-in-public-sector-banks-only-3\/","name":"What are the salient features of Kisan Vikas Patra? 1. 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