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With reference to the investment schemes of India, what does the second 'P' stand for in 'PPF'?

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With reference to the investment schemes of India, what does the second 'P' stand for in 'PPF'? 
1. Prudent
2. Programme
3. Provident
4. Price 
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Correct Answer - Option 3 : Provident

The correct answer is Provident.

  • The second 'P' stands for Provident in 'PPF'.

  • Public Provident Fund (PPF):
    • It was introduced in India in the year 1968.
    • The objective of PPF is to mobilize small savings in the form of investment with a return on it. 
    • It is a scheme regulated by the Government of India. 
    • It has a lock-in period of 15 years.
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