Write two advantages each of recurring savings scheme of Bank and Public Provident Fund (PPF) scheme.
| Recurring Savings Scheme | Public Provident Fund |
| It is a good saving scheme for the middle class. Which has a fixed amount of revenue as its monthly income. | It is an ideal option for both salaried as well as self -employed classes. |
| It is also suitable for small-time businessmen, traders etc. as they do not have to block a large sum, which is a requirement for other types of savings instruments. | Investment up to 100000 per annum qualifies for IT Rebate under section 80 C of IT Act. |
| Students can open recurring deposit accounts with their pocket money they get from the parents. | The rate of interest is high (8.70% per annum) |
| Minimum amount of deposit is Rs. 10 No maximum limit. | Loan facility available from 3rd financial year up to a 5th financial year. |
| Once started and once one gets habituated for a couple of months, then it is taken as a fixed monthly expenditure. | Withdrawal permitted from the 6th financial year. |
| It is a very liquid form of investment. That is whenever an unexpected urgent need for additional cash arises, money could be used and again continued. | Free from court attachment. |
Rajesh works as a clerk. His son studies in a professional college. He finds it hard to meet their monthly expenses. In what four ways can his son help in reducing his expenses and use his skills to increase their real income?
Seema loves to eat but often induces herself to throw up her meals. What do you think she is suffering from. If she continues what could be the repercussions? How can she be helped?
Your father spent Rs. One lakh on your mother's medical expenses. Convince him to buy a mediclaim policy for his whole family with its eight salient features.
Sudha buys vegetables from the nearby market. Alert her on at least four ways the vendor may adopt to cheat her. Write four of her responsibilities as an aware consumer.
During rainy season almost everyone in a specific locality suffers from stomach ailments. You have suggested them to use chlorine tablets to make water safer for drinking. Write the method and give two reasons for your suggestion. Also, write two precautionary measures while using these tablets.
Write four features of the development of women and children in Rural Area (DWACRA) scheme.
You have store properly woollen and silk clothes as these are no more suitable to wear due to nature of weather. Suggest four points to store for each of them.
Suggest an appropriate dress, keeping in mind elements of art and principles of design to suit your friend who is tall, heavy and fair.
Your school dress shirt is white and got stained with oil poured out from your tiffin box. How will you remove it.
