If the account opened with initial deposit exceeding Rs 50000/- _____ is mandatory a) Pan Card photocopy b) Declaration in form 60/61 c) Both the above d) Either A or B

If the account opened with initial deposit exceeding Rs 50000/- _____ is mandatory
a) Pan Card photocopy b) Declaration in form 60/61
c) Both the above d) Either A or B
by

1 Answer

Answer :

d) Either A or B
by

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Last Answer : a) 08 Dec 2007 to 30 Nov 2011

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When an account opened in contravention of rules a) The account should be closed b) The deposit made in the account refunded to the depositor without interest c) Both A and B d) None of these

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Mark the correct option a) Maximum 12 deposit can be made in a financial year and more than one deposit can be made in one month b) Only one account can be opened in Post office or SBI or any nationalized banks. c) The account can be transferred from one PO to another and PO to State bank or nationalized bank vice versa. d) All the above

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Mark the correct option a) After maturity , the senior citizen account will be extended further 3 year b) The account continued after maturity, the deposit shall earn interest at the rate applicable to the new account opened. c) In case the account not extended on maturity and closed at any time the saving bank interest applicable d) There is no maximum time limit for PMI e) All the above

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Mark the correct option a) In case RD account opened between 1st and 15th of the month the subsequent deposit shall be made up to 15th of the next month. b) In case RD account opened between 16th and last date of the month the subsequent deposit shall be made up to end of the month of next month c) The above effect apply all account opened before 01 Jan 2012 and after . d) All the above

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Mark the incorrect option relating to PPF account a) An individual can open account with Rs 5/- b) Joint account can be opened in PPF c) Nomination facility is available d) Both the A and B

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Mark the correct option a) A pensioner of any central or state Govt whom dept of post has signed an agreement for disbursement of pension can open either single or joint with spouse account. b) Sanchayika accounts can be opened in the name of the principal/teacher and two students not less than 10 year of age c) Minor account can be opened by a person under the law in force from time to time as guardian when father and mother both are not alive d) All the above

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Last Answer : d) All the above

How many saving accounts can be opened by a guardian on behalf of a minor? a) Only one account can be opened on behalf of one minor by one guardian i.e either mother or father b) Only two account can be opened on behalf of one minor by both the father and mother c) No min limit d) None of these

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Last Answer : a) 01.01.1990

Mark the correct option a) The MIS account can be close after expiry of one year. b) The MIS account closed after one year but before three year 2 % deduction will be made on initial deposit c) The MIS account closed after expiry of three year 1% deduction will be made . on the initial deposit d) In case of death of the depositor before maturity account may be closed and deposit refunded along with interest up to the month preceding the month in which refund made. e) All the above

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Last Answer : e) All the above

The SCSS account transferred one Post office to another post office a) Rs 5/- per lac will be charged where the deposit is Rs 1 lac and above b) Rs 10/- per lac will be charged where the deposit is Rs 1 lac and above on second transfer. c) No fee will be charged d) Both the A and B( The fee will be paid by cash through pay in slip

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Mark the correct option relating to Insurance fee is a) The Value of insurance not exceeding Rs 200/- is Rs 10 b) The value above Rs 200/- for every additional Rs 100 is 6/- c) Both the above d) None of the above

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Last Answer : c) Both the above

Mark the correct option continuation of senior citizen account after death of the depositor a) In case of joint account (Senior citizen) or where spouse is the sole nominee, the spouse may continue the account on the same terms and conditions even if the spouse is below the age of 60 year. b) The account cannot be continued should be closed. c) If both spouses opened joint account, the spouse cannot continue account after death of the 1st depositor d) All the above

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Mark correct option relating to worker wage accounts a) A single account may be opened by any of the registered adult of a house hold whose name is mentioned in the job card. b) A joint account can be opened in the name of husband and wife provided that names of both are registered in the job card c) Joint B account cannot be opened under this category of account d) Only one account can be opened. e) All the above

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Last Answer : d) Only one account can be opened.

Mark the correct option related to submission of robbery report to DG Posts a) Case of highway robbery of mail involving loss of cash/valuables above Rs 50000 b) The attacks on offices by dacoits causing injury to the staff/losses over Rs50000 c) Cases of loss of damage to or tampering with ins article which the amount of compensation payable exceed Rs 10000 d) Cases of fraud and loss or misappropriation of public money exceeds Rs 50000 e) All the above

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An extra departmental agents group insurance scheme started in a) 01 Apr 1994 b) 01 Apr 1996 c) 01 Apr 1992 d) None of these Ans:c (Sum assured to Rs 50000/- and the subscription to Rs 50/-)

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MIS account in multiple of Rs. 1500/- can be made instead of Rs. 1000/- MIS and the maximum limit of investment in a single account has been raised from Rs. 3 lakh to Rs. 4.5 lakh and in joint account opened by two or three adults; the maximum limit has been raised from Rs. 6 lakh to Rs. 9 Lakh. Wef a) 01.8.2007 b) 12.5.2008 c) 30.08.2009 d) None of these

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Last Answer : a) 01.8.2007

The maturity value on Rs 10 denomination of RD account opened on or after 01 Dec 2011 and up to 31 Mar 12 and 01 Apr 12 is(Interest @8.4%) a) 728.29 b) 738.62, 747 c) 738.51 d) 738.10

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Cash bag received in account office should be opened by a) Postmaster in presence of sub postmaster c) Treasure in presence of sub account assistant c) Either A or B d) Neither A nor B

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Last Answer : c) Treasure in presence of sub account assistant

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 year in shape of cash and credited into UCR c) Condone default is called to the defaulted deposit d) All the above

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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 balance to less than fifty in single account and less than 500 in cheque account d) All the above

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Last Answer : d) All the above

In case of an offence punished with fine only, an offender who is sentenced to pay a fine exceeding Rs. 100, the imprisonment in default of payment of fine shall not exceed (a) Two months (b) Three months (c) Four months (d) Six months

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Last Answer : (d) Six months.

In case of an offence punished with fine only, an offender who is sentenced to pay a fine of not exceeding Rs. 100 but exceeding Rs. 50, the imprisonment in default of payment of fine shall not exceed (a) Two months (b) Three months (c) Four months (d) Six months.

Description : In case of an offence punished with fine only, an offender who is sentenced to pay a  fine of not exceeding Rs. 100 but exceeding Rs. 50, the imprisonment in default of  payment of fine shall not exceed (a) Two months (b) Three months (c) Four months (d) Six months.

Last Answer : (c) Four months

In case of an offence punished with fine only, an offender who is sentenced to pay a fine of not exceeding Rs. 50, the imprisonment in default of payment of fine shall not exceed (a) Two months (b) Three months (c) Four months (d) Six months.

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Last Answer : (a) Two months

Where a complaint instituted before the District forum, the State commission or the National commission is found to be frivolous or vexatious complainant shall pay a) To the forum or commission concerned not exceeding Rs 10000. b) To the opposite party not exceeding Rs 5000/- c) To the opposite party not exceeding Rs 10000/- d) None of these

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Last Answer : c) To the opposite party not exceeding Rs 10000/

Insurance is compulsory, if the article contains a) Gold coins or bullion, currency notes & any other valuable articles b) VP articles below the value of Rs 600/- c) Containing lorry receipts d) All parcels exceeding 4 KG in weight

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Last Answer : a) Gold coins or bullion, currency notes & any other valuable articles

Value payable article VP fee is a) Up to 20/- Rs 2/- b) Exceeding 20/- to 50/- Rs 3/- c) Exceeding 50/- Rs 5/- d) All the above correct

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Last Answer : d) All the above correct

When a term serious loss occurring to immovable property of department a. all loss exceeding Rs 1000/- b. all loss exceeding Rs 5000/- c. all loss exceeding RS 10000/

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Last Answer : a. all loss exceeding Rs 1000/

In every case in which sentence of imprisonment for life shall have been passed, the appropriate Government may, without the consent of the offender, commute the punishment for imprisonment of either description for a term not exceeding a) 20 years b) 12 years c) 14 years d) 18 years

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Last Answer : c) 14 years

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

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What are the other deposit accounts can be opened by an individual in where one holds „Basic Savings Bank Deposit Account‟? A. Fixed Deposit B. Recurring Deposit C. Another BSBDA D. Both A and B E. None of the Above

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The average daily wages of 450 workers in a factory is Rs.45/- and the average daily wages of 340 workers in another factory is Rs.60/-.What is the approximate average daily wages of workers from both the factories together? a) Rs.61 b) Rs.59 c) Rs.70 d) Rs.51 e) Rs.60

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When the whole or the part of the security deposit of an official is to be forfeited the form of security bond must be a) Kept in safe locker b) Kept in custody of postmaster c) Sent to Head of the circle or Administration office d) Either A or B Ans:c(259) 11. Deposits of employees

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Last Answer : c) Sent to Head of the circle or Administration office

The depositor shall be pay Rs _____ to transfer of PPF account one PO to another PO or SBI bank a) Rs 10/- b) Rs 50/- c) Rs 1/- d) Free

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Last Answer : d) Free

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

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Last Answer : c) 1/

When will issue memo of Admission of Payment ? a) Warrant of payment is lost before its submission b) The amount of withdrawal more than 50000/- c) Both the A and B d) None of these

Description : When will issue memo of Admission of Payment ? a) Warrant of payment is lost before its submission b) The amount of withdrawal more than 50000/- c) Both the A and B d) None of these

Last Answer : a) Warrant of payment is lost before its submission

PPF account can be opened a) only one single b) One minor account on behalf of the minor c) A only d) Both the A and B Ans:d 97. Mark the correct option

Description : PPF account can be opened a) only one single b) One minor account on behalf of the minor c) A only d) Both the A and B And B

Last Answer : d) Both the A and B

PPF account can be opened by a) An individual adult can on his own name b) An individual on behalf of minor c) Both the A & B d) None of these

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Last Answer : c) Both the A & B

A blind or illiterate or physically handicapped adult a) Cannot be opened any account b) May open or operate account personally c) May operate account through a literate agent nominated by him for the purpose d) Both the B and C

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Last Answer : d) Both the B and C

Three dimensional image formed by laser is called _____. A. Photograph B. Hologram C. Two dimensional sketch D. Photocopy

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Mark correct option related to bulk bag system under foreign post a) Application for bulk bag facility should be made to Head of the circleb) Special bags of printed newspaper to/from addressees/sender in foreign countries except ceylon, Nepal, Bhutan and Pakistan may be send.c) Bulk bag may be sent either as unregistered or registered.d) The sender of such bags will deposit the amount in cash or POSB certificate pledged to Head of the circle. e) All the above are correct

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Payment on death of depositor a) The deposit shall be paid to nominee b) In case nominee is the minor the deposit shall paid to person appointed to receive c) Where no such person is authorized, to the guardian of the minor for the use of minor. d) Where the deposit is payable to two or more nominees and either or any of them is dead, the deposit shall be paid to the surviving nominees or nominees. e) All the above

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Last Answer : e) All the above

How many Basic Savings Bank Deposit Account(BSBDA) can be opened by an individual? A. One B. Two C. Three D. Four E. None of the Above

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Last Answer : A. One Explanation: An individual is eligible to have only one ‗Basic Savings Bank Deposit Account‘ in one bank.

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Description : Security deposit account should be maintained in form a) ACG 43 b) ACG 38 c) ACG 54 d) ACG 48

Last Answer : a) ACG 43

Maximum sentence of fine C.J.M. can impose a) 25000/- b) 50000/- c) No limit d) Can not impose

Description : Maximum sentence of fine C.J.M. can impose a) 25000/- b) 50000/- c) No limit d) Can not impose

Last Answer : c) No limit

What is the max limit of value of money order which may issued for payment by a Postman and Gp D in urban area, , village postman ED agent a) 12000,5000,5000 b) 5000,8000,10000 b) 15000,10000,50000 d) None of these

Description : What is the max limit of value of money order which may issued for payment by a Postman and Gp D in urban area, , village postman ED agent a) 12000,5000,5000 b) 5000,8000,10000 b) 15000,10000,50000 d) None of these

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