Banks these days have launched a new scheme product known as "Reverse Mortgage". The scheme is designed keeping which of the following groups of society in consideration?

Youngsters who have just started earning

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Defence personnel whose life is always at high risk

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Senior citizens

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Women who do not have independent source of income

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Solution

The correct option is C Senior citizens
Reverse Mortgage allows to borrow senior citizens from their home's equity without having to make monthly mortgage payments. The scheme designed keeping for the senior citizens.

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