Question

6.
Recently rates of interests have been reduced on all the saving instruments. Carry out
a survey of 30 people in your area as to what is their reaction to this cut. The sample
may consist of salaried people, business people and professionals.​

Answer 1

Answer:

The cut in the interest rates on small savings schemes has jolted investors. Though targeted schemes such as the Sukanya Samridhi Yojana and the Senior Citizens’ Savings Scheme and the hugely popular Public Provident Fund have seen modest cuts of 60-70 basis points (see graphic), the interest rates on some other instruments have been cut by 100-130 basis points (100 basis points = 1%).