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  9. Q2

NABARD Grade A (Assistant Manager) 2015 · Question 2 of 70

What is the maximum amount that can be invested under the recently launched Kisan Vikas Patra?

  1. ARs. 1,50,000
  2. BRs. 1,00,000
  3. CRs. 5,00,000
  4. DNo ceilingCorrect
  5. ERs. 25,000

Answer: D. No ceiling

Explanation

(4) There is no maximum limit on investment in Kisan Vikas Patra (KVP). KVP certificates are available in denomination of Rs 1,000, Rs 5,000, Rs 10,000 and Rs 50,000. KVP's have a lock-in period of 2 years and 6 months.

Source: NABARD Grade A officer exam March 2015 solved previous year question paper (educationobserver.com forum attachment; Kiran 'Model Solved Paper', based on memory) · memory-based

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