Compare any five features of Monthly Income Scheme( MIS) and National Saving Certificate (NSC).
| MIS | NSC |
| In this scheme, an individual has to invest a fixed amount. | Any individual can purchase these certificates from the post office which are available there in the denomination of Rs 100,500, 1000,5000, and 10,000. |
| This account can be opened singly or jointly. | These are issued for five and ten years. |
| This account can be opened singly or jointly. | These are issued for five and ten years. |
| For a single account, one can deposit a maximum of Rs.4.5 lakh while for a joint account the maximum deposit is Rs 9 Lakh. | Under this scheme, 8.5% compound interest per annum is payable at maturity (Rs 100 invested will yield |
| An additional bonus of 10% is also given after completion of the maturity period, i.e 5 years. | The maximum limit on which tax rebate can be available is Rs. 1,50,000. |
Suggest Sunil two ways of increasing his monthly income and convince him to record his monthly expenses. Suggest a suitable format for monthly record of his expenses.
Identify eight possible mistakes consumers make which may prevent them from filing a complaint in the consumer court.
Compare the features of LIC and National Saving Certificate (NSC).
How will you convince the members of a family to regularly save some portion of their income?
