MCQ

Small Savings Schemes – Interest Rates Unchanged for January-March 2026 (7th Consecutive Quarter) MCQ - Practice Questions with Answers

Solve 5 Small Savings Schemes – Interest Rates Unchanged for January-March 2026 (7th Consecutive Quarter) questions for RAS/RPSC preparation.

Practice questions

Q1Which one of the following scheme-rate pairs for January-March 2026 is incorrectly matched?

A National Savings Certificate—7.7% per annum

B Post Office Monthly Income Scheme—7.4% per annum

C 5-year Post Office Recurring Deposit—7.5% per annum

D 5-year Post Office Time Deposit—7.5% per annum

Explanation

The 5-year Post Office Recurring Deposit is incorrectly paired with 7.5%; its official rate for January-March 2026 was 6.7% per annum. The other three pairs are accurate: National Savings Certificate 7.7%, Post Office Monthly Income Scheme 7.4%, and the 5-year Post Office Time Deposit 7.5%.

Q2Consider the following statements about small savings schemes for January-March 2026: 1. The 5-year Post Office Time Deposit carried 7.5% per annum. 2. Kisan Vikas Patra carried 7.5% and matured in 115 months. 3. The Post Office Savings Account carried 4.0% per annum. 4. The 5-year Post Office Recurring Deposit carried 7.4% per annum. Which of the statements given above are correct?

A 1 and 2 only

B 1, 2 and 3 only

C 2, 3 and 4 only

D 1, 2, 3 and 4

Explanation

Statements 1, 2 and 3 reproduce the official figures: the 5-year time deposit was at 7.5%, Kisan Vikas Patra was at 7.5% with a 115-month maturity, and the savings account was at 4.0%. Statement 4 is false because the 5-year recurring deposit rate was 6.7%; 7.4% belonged to the monthly income scheme.

Q3Match List I with List II for January-March 2026 and choose the correct code. List I (Scheme): 1. National Savings Certificate; 2. Post Office Monthly Income Scheme; 3. Post Office Savings Account; 4. 5-year Post Office Recurring Deposit List II (Annual rate): a. 4.0%; b. 6.7%; c. 7.4%; d. 7.7%

A 1-c, 2-d, 3-b, 4-a

B 1-d, 2-b, 3-a, 4-c

C 1-b, 2-c, 3-a, 4-d

D 1-d, 2-c, 3-a, 4-b

Explanation

The verified mapping is: National Savings Certificate—7.7%; Post Office Monthly Income Scheme—7.4%; Post Office Savings Account—4.0%; and the 5-year Post Office Recurring Deposit—6.7%. Therefore the sequence is 1-d, 2-c, 3-a, 4-b, making option D the only fully correct code.

Q4Which pair of small savings schemes carried the same annual interest rate of 8.2% in January-March 2026?

A Sukanya Samriddhi Account Scheme and Senior Citizens Savings Scheme

B Public Provident Fund and National Savings Certificate

C Kisan Vikas Patra and Post Office Monthly Income Scheme

D 5-year Post Office Time Deposit and 5-year Post Office Recurring Deposit

Explanation

The Sukanya Samriddhi Account Scheme and the Senior Citizens Savings Scheme each offered 8.2% per annum in January-March 2026. Every other pair given combines lower rates: PPF 7.1%, NSC 7.7%, KVP 7.5%, monthly income 7.4%, time deposit 7.5%, and recurring deposit 6.7%.

Q5What annual interest rate applied to the Public Provident Fund (PPF) for the January-March 2026 quarter?

A 6.7% per annum

B 7.1% per annum

C 7.5% per annum

D 8.2% per annum

Explanation

The Public Provident Fund carried an annual interest rate of 7.1% for January-March 2026. The official rate table separately lists 6.7% for the 5-year recurring deposit, 7.5% for Kisan Vikas Patra and the 5-year time deposit, and 8.2% for Sukanya Samriddhi and senior citizens' savings.

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