Description : What is minimum balance should remain in a savings account with cheque book after withdrawal? a) Rs 50/- b) Rs 500/- c) Rs 1000/- d) Rs 100/
Last Answer : b) Rs 500/
Description : What is minimum balance should remain in a savings account without cheque account after withdrawal? a) Rs 50/- b) Rs 500/- c) Rs 1000/- d) Rs 100/
Last Answer : a) Rs 50/
Description : Mark the correct option a) No subsequent deposit allowed less than Rs 5 in saving account b) No withdrawal is allowed less than Rs 5 c) No withdrawal shall be permitted which has the effect reducing the ... to less than fifty in single account and less than 500 in cheque account d) All the above
Last Answer : d) All the above
Description : Mark the correct option a) A literate person can account with cheque facility b) No minimum amount is required for opening of Workers wage account c) Saving account can be opened by cash only d) All the above
Description : Up to what amount payment order for withdrawal from saving account may be sanctioned by a branch postmaster? a) Rs 500/- b) Rs 2500/- c) Rs 5000/- d) Rs 10000/
Last Answer : c) Rs 5000/
Description : Mark the correct option a) Minor cannot appoint a messenger for making withdrawal from SB account b) At the time of making a withdrawal by cheque from saving account not necessary to provide pass book ... added in a saving account may not be treated as transaction in that account d) All the above
Description : Mark the correct option a) In case death of the one depositor of joint account holder , in the MIS account the account will be treated as single from the date of death of the account holder b ... amount is not withdrawn, the excess amount will carry the normal saving bank interest d) All the above
Description : The amount of maturity inclusive of interest if becomes Rs 20000/- or above shall be paid by a) Cash only b) By crossed cheque c) By Credit into saving accounts d) Either B or C
Last Answer : d) Either B or C
Description : Mark the correct option relating to cheque collection charges. a) Rs 30/- for a cheque up to Rs 1000/- b) Rs 3/- per thousand beyond Rs 1000/- c) No collection charges will be charged on outstation cheque of Post office saving bank drawn in post office saving bank d) All the above
Description : Mark the correct option relating to withdrawal on PPF account a) The first withdrawal can be made at any time after expiry of 5 years from the end of the year in which the initial subscription was made ... be made in one financial year . The amount of withdrawal is not repayable. d) All the above
Description : What is the fee for issue of duplicate passbook in saving account? a) Rs 20/- b) Rs 10/- c) Rs 5/- d) Free
Last Answer : b) Rs 10/
Description : Mark the correct option a) TD accounts cannot be closed prematurely before 6 months from the date of opening of account. b) Where a deposit in 1, 2, 3 or 5 year account is withdrawn prematurely after 6 month ... than the rate specified for 1 , 2 or 3 years as the case may be. d) All the above
Description : Mark the correct option relating to Senior citizens saving scheme a) An individual of the Age 60 years or more may open the account b) An individual of the age of 55 years or more but less than 60 ... and not exceed the amount of retirement benefits c) The maturity period is 5 years d) All the above
Description : Mark the correct option a) No cheque collection charge is to be charged in Worker wage accounts b) Workers wage account cannot be transferred from one post office to another Post office c) No ... workers wage account d) No amount is required for opening worker wage accounts e) All the above
Last Answer : e) All the above
Description : What is the Minimum and maximum deposit in Senior citizen saving scheme a) 500 & 5 Lac b) 1000 & 10 Lac c) 1500 & 15 Lac d) 1000 & 15 Lac
Last Answer : d) 1000 & 15 Lac
Description : What is the fee for transfer of saving account from one post office to another post office? a) Rs 5/- b) Rs 10/- c) Rs 1/- shape of postage d) Free
Last Answer : d) Free
Description : The application fee may be accepted in shape of____ payable to a) Cash/Account officer of the public authority b) DD/Cheque / Account officer of the public authority c) Indian Postal Order / Account officer of the public authority d) Any one of the above
Last Answer : d) Any one of the above
Description : Mark the correct option a) The account can be transferred submitting an application in form SB 10(b) b) The account may be opened in using the form SB 3 c) SB 7 is necessary to get withdrawal except cheque account d) All the above
Description : Provided that the minimum amount of sum so payable shall not be less than ____ of the value of such defective goods sold or services provided, as the case may be to such consumers. a) Rs 25000/- c) 10 % c) 5% d) None of these
Last Answer : c) 10 %
Description : What is the minimum age for opening a single saving account by a minor himself in his name? a) 10 years b) 14 years c) 18 years d) No min age limit
Last Answer : a) 10 years
Description : PLI services tax and edncess has been withdrawn form a) 1 Nov 07 b) 01 Mar 2005 c) 1 May 95 d) None of these
Last Answer : a) 1 Nov 07
Description : Minimum amount that can be invested in Kisan Vikas Patra(KVP) Certificate is _________ A. Rs.100 B. Rs.200 C. Rs.500 D. Rs.1000
Last Answer : D. Rs.1000 Explanation: KVP certificates are available in the denominations of Rs 1000, Rs 5000, Rs 10000 and Rs 50000. The minimum amount that can be invested is Rs 1000. However, there is no upper limit on the purchase of KVPs.
Description : All MOs including VPMO will be treated a high value MO a) For an amount of Rs 200/- and above b) For an amount of Rs 500/- and above c) For an amount of Rs 1000/- and above d) For an amount of Rs 400/- and above
Last Answer : d) For an amount of Rs 400/- and above
Description : Leather cash bag should be used when the amount of currency notes exceeds Rs a) 5000 b) 10000 c) 500 d) 1000
Last Answer : c) 500
Description : Mark the correct option relating to Protected saving scheme a) Twenty four months have been elapsed from the date of opening the account and during the said period all the month installments have been paid ... The claim applied for within one year of the death of the depositor e) All the above
Description : How many adult may open a joint saving account? a) Two b) Three c) Two or three d) None of these
Last Answer : c) Two or three
Description : A BO bag sent a branch office by its account office must always contain BO slip and it may contain a) Postal order for issue/payment b) Money order for payment c) Cash bag containing cash/stamp, SB document, and saving certificates d) All the above
Description : What is the minimum and maximum limit to deposit in PPF account? a) 500 and 5000 b) 500 and 70000 c) 1000 and 100000 d) 500 and 100000
Last Answer : d) 500 and 100000
Description : The date of credit of cheque in case of RD/PPF account will be the date of a) Presentation of cheque b) Receipt of the cheque from postmaster c) Receipt of the cheque from HO d) The date clearing
Last Answer : d) The date clearing
Description : Minimum limit in opening of MIS account a) Rs 1000/- and in multiple of Rs 1000/- b) Rs 1500/- and in multiple of Rs 1500/- c) Rs 1250/- and in multiple of Rs 1250/- d) None of these
Last Answer : b) Rs 1500/- and in multiple of Rs 1500/
Description : The divisional supdt may sanction may sanction up to Rs 500/- reimbursement of cell phones charges up to _______for those who under take any activity that facilitate marketing of product/service of the dept. a) 4000/- b) 5000/- c) 1000/- d) 12000/
Last Answer : a) 4000/
Description : The minimum limit fixed for posting Regd. News paper without prepayment at a time for foreign destination is a) 500 b) 200 c) 100 d) 100
Last Answer : d) 100
Description : Minimum amount taxed on unpaid / insufficiently paid articles posted in post is: - (a) Re. 1/- (b) Rs. 2/- (c) Rs.5/- (d) Rs. 6/
Last Answer : (a) Re. 1/
Description : I want to open a student account in an Islamic bank. What is the maximum amount that can be kept here and what is the maximum amount that can be withdrawn ?
Last Answer : According to the policy of Islami Bank, student account is maximum (one lakh rupees can be kept) but you can keep whatever you want. Problems can arise if you keep too much money. Cause: They will ... call this number (18259 or 09611018259) or visit any branch of Islami Bank. Islami Bank's web site
Description : In case the depositor not made any transaction in PPF account. a) Rs 50/- will be collected for the one financial year b) Rs 100/- will be collected for no transaction was made for two financial ... of cash and credited into UCR c) Condone default is called to the defaulted deposit d) All the above
Description : Payment of postage through franking machin impression can be made a)Up to any amount b) Up to 50/- c) Up to 100/- d) Up to 500/
Last Answer : a)Up to any amount
Description : To supply of saving bank ledger copy Rs _____ will be charged a) 10 per ledger copy b) Rs 5 per every thirty entry c) Rs 2 per every thirty entries or part there of d) Free
Last Answer : c) Rs 2 per every thirty entries or part there of
Description : What is the fee for making nomination in a saving accounts first time a) Rs 1/- b) Rs 2/- c) Rs 3/- d) Free
Description : The following is a document a) A cheque upon a banker is an document b) A power of attorney is a document c) A map or plan which is intended to be used or which may be used as evidence d) All the above
Description : Payment for purchase of a certificate may be made by a) Cash or cheque b) Pay order or DD c) Matured Certificate/SB Wdl d) All the above
Description : Implied admission in written statement cannot be allowed to be withdrawn. However, the plaintiff can be insisted upon to prove his case a) Uttam Chand Kothari Vs. Gauri Shankar Jalan. b) Jai Shankar Prasar Vs. State of Bhihar c) Afzauddin Ansary Vs. State of West Bengal d) None of these
Last Answer : a) Uttam Chand Kothari Vs. Gauri Shankar Jalan.
Description : The amount of commission charged on a Service MO amounting to Rs. 1000/- is (a) Rs. 25/- (b) Rs.50/- (c) Rs. 100/- (d) NIL
Last Answer : (d) NIL
Description : If the original passbook of depositor of PPF account is lost or mutilated or damaged, He/she should be required pay Rs _____ a) 10/- b) 20/- c) 1/- d) Free
Last Answer : c) 1/
Description : Issue of duplicate pass book of senior citizen account on second time Rs ___ will be charged a) 10/- b) 20/- c) Second time free d) None of these
Last Answer : b) 20/
Description : On an equity share of Rs. 100, the minimum amount payable on application under the law should be– (A) Rs. 20 (B) Rs. 15 (C) Rs. 10 (D) Rs. 5
Last Answer : Answer: Rs. 5
Description : A minimum yearly deposit of ________ is required to open and maintain a PPF account, and a maximum deposit of _____. A. Rs. 500 and Rs 1.50 lakhs B. Rs. 1000 and Rs 2.50 lakhs C. Rs. 2000 and Rs 3.50 lakhs D. Rs. 5000 and Rs 4.50 lakhs
Last Answer : A. Rs. 500 and Rs 1.50 lakhs Explanation: A minimum yearly deposit of Rs. 500 is required to open and maintain a PPF account, and a maximum deposit of Rs.1.5 lakhs (as on Financial year 2015- ... Income Tax Act. The amount can be deposited in lump sum or in a maximum of 12 instalments per year.
Description : X Limited forfeited Ram's 20 shares of Rs. 10 each on which Rs. 7 is called up. Ram had paid application and allotment money of Rs. 5 per share. Of these forfeited shares 15 shares were reissued to Hari as fully paid up ... to Capital Reserve account ? (A) Rs. 15 (B) Rs. 20 (C) Rs. 75 (D) Rs. 100
Last Answer : Answer: Rs. 15
Description : XYZ Ltd. issued 10,000 shares of Rs. 100 each at Rs. 120 per share with Rs. 25 on application, Rs. 45 on allotment including premium, Rs. 20 on first call and Rs. 30 on final call. Govind who held 200 shares did not pay ... forfeiture ? (A) Rs. 14,000 (B) Rs. 10,000 (C) Rs. 9,000 (D) Rs. 4,000
Last Answer : Answer: Rs. 10,000
Description : Minimum limit for deposit in TD Account a) 200/- and multiple 200/- b) 100/- and multiple 100/- c) 200/- and multiple 100/- d) None of these
Last Answer : a) 200/- and multiple 200/
Description : The SP/First class PM may grant compensation to the sender of a regd article up to a) 500 b) 200 c) 1000 d) 100