Discussion
What is the full form of "SDS"?
Answer: D
Correct answer: Special Deposit Scheme
The Special Deposit Scheme was introduced by the Government of India in 1975 for non-government provident, superannuation and gratuity funds, which were required to place a share of their accretions in it.
It carries an administered rate of interest and the deposits are held with the Reserve Bank. The purpose was to channel long-term retirement savings into government funding at a time when the debt market was undeveloped. It is a specific named scheme, not a generic description, which is what distinguishes it from the plausible-sounding alternatives.
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