Financial Planning – Tax, Retirement, Estate Planning

12345
1.
Which of the following sections of the Income Tax Act in India provides a deduction for investments made in Public Provident Fund (PPF)?
2.
What does the term "estate planning" refer to?
3.
Which type of retirement account in India provides tax-free maturity and withdrawal benefits?
4.
Which financial instrument is commonly used for wealth transfer in estate planning?
5.
Under which section of the Income Tax Act can individuals claim deductions for contributions made to the National Pension System (NPS)?
These questions are part of Banking Awareness - 2025-26 course in GKToday's Android Application. The Course comprises 2400+MCQs on Banking & General Financial Awareness with explanation for All Banking Exams of 2025-26 such as IBPS Bank PO, IBPS Bank Clerical, RRB PO and Clerical, SBI PO and SBI Clerical, IBPS Recruitments, RBI Grade B and RBI Banking Examinations.