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  9. Q8

NABARD Grade A (Assistant Manager) 2015 · Question 8 of 70

The amount invested in Kisan Vikas Patra would get doubled in ______

  1. A6 years and 3 months
  2. B7 years and 6 months
  3. C5 years and 6 months
  4. D8 years and 4 monthsCorrect
  5. E7 years and 3 months

Answer: D. 8 years and 4 months

Explanation

(4) The re-launched Kisan Vikas Patra (KVP) will double the principal during its maturity period of 100 months or 8 years and 4 months. Though the investment matures in eight years and four months, one can redeem it after the lock-in period of two years and six months and thereafter in a block of six months by getting a pre-determined maturity value.

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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