Sukanya Samriddhi Yojana MCQ - Practice Questions with Answers

Option B is correct. The account requires at least ₹250 in a financial year, while total deposits in that account cannot exceed ₹1,50,000 in the same financial year. Deposits after opening are made in multiples of ₹50; this does not convert the annual limits into monthly limits.

Option A is correct because the 2019 account rules permit a guardian to open the account in the name of a girl child who has not attained 10 years on the opening date. They also expressly limit every girl child to a single account, so the higher ages and multiple-account claims fail.

All three statements are correct. The deposit window lasts 15 years from account opening, whereas maturity occurs after 21 years from opening. These are distinct periods. The guardian controls the account only until the account holder reaches 18; after that, the account holder operates it herself on submitting the required documents.

Both parts are factually true, but the Reason does not explain why the missed ₹250 minimum gives the account default status; that status follows directly from the rule. The Reason instead states the separate remedy available within 15 years: ₹50 per defaulted year plus the unpaid minimum deposits.

Option D is incorrect. Education withdrawal is not the entire current balance and is not unconditional. It is capped at 50% of the preceding financial year's closing balance, becomes available after age 18 or Class 10 completion—whichever is earlier—and requires an admission offer or fee slip showing the actual need.