Mark the correct option a) There is no maximum limit of deposit in TD accounts of any type b) No subsequent withdrawal allowed in TD accounts before date of maturity c) The investment under 5 years TD qualifies for the benefit of Section 80C f the income tax Act 1961 from 01-04-2007 d) All the above

Mark the correct option
a) There is no maximum limit of deposit in TD accounts of any type
b) No subsequent withdrawal allowed in TD accounts before date of maturity
c) The investment under 5 years TD qualifies for the benefit of Section 80C f the
income tax Act 1961 from 01-04-2007
d) All the above
by

1 Answer

Answer :

d) All the above
by

Related questions

Investment under senior citizen savings scheme qualifies for the benefit of __________ of the Income Tax Act, 1961. A. Section 60C B. Section 70C C. Section 80C D. Section 90C E. None of the Above

Description : Investment under senior citizen savings scheme qualifies for the benefit of __________ of the Income Tax Act, 1961. A. Section 60C B. Section 70C C. Section 80C D. Section 90C E. None of the Above

Last Answer : C. Section 80C Explanation: Investment under this scheme qualifies for the benefit of Section 80C of the Income Tax Act, 1961.

Mark the correct option a) No subsequent withdrawal is allowed in SCSS account before expiry of 5 years b) Premature closer is permitted after expiry on one year c) A deduction will be made 1.5% of the deposit in case account close before expiry of 2 year and 1% after expiry of 2 years. d) All the above

Description : Mark the correct option a) No subsequent withdrawal is allowed in SCSS account before expiry of 5 years b) Premature closer is permitted after expiry on one year c) A deduction will be made 1.5% of the ... case account close before expiry of 2 year and 1% after expiry of 2 years. d) All the above

Last Answer : d) All the above

Mark the correct option MIS account opened on or after 01 Apr 12 a) The rate of interest shall be 8.5 % per annum payable monthly. b) No withdrawal will be allowed before expiry of maturity period 5 years c) No bonus shall be payable d) All the above

Description : Mark the correct option MIS account opened on or after 01 Apr 12 a) The rate of interest shall be 8.5 % per annum payable monthly. b) No withdrawal will be allowed before expiry of maturity period 5 years c) No bonus shall be payable d) All the above

Last Answer : d) All the above

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

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

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

Description : 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 ... c) The above effect apply all account opened before 01 Jan 2012 and after . d) All the above

Last Answer : d) All the above

In National Savings Certificates, investment up to ________ per annum qualifies for IT Rebate under section 80C of Income Tax Act. A. Rs.10 lakh B. Rs.2 lakh C. Rs.5 lakh D. Rs.1 lakh

Description : In National Savings Certificates, investment up to ________ per annum qualifies for IT Rebate under section 80C of Income Tax Act. A. Rs.10 lakh B. Rs.2 lakh C. Rs.5 lakh D. Rs.1 lakh

Last Answer : D. Rs.1 lakh Explanation: There is no maximum limit for investment. Certificates can be kept as collateral security to get loan from banks. Investment up to INR 1,00,000/- per annum qualifies for ... Tax Act. Trust and HUF cannot invest. Rate of interest effective from 1st April 2016 is 8.10%

Mark the correct option a) Withdrawal will be allowed 50% deposited amount in RD account after one year and after 12 monthly deposit. b) No withdrawal is allowed in discontinued RD accounts c) 10% interest will be charged on loan amount d) If the repayment with interest is made on or before the 10th of the month, no interest shall be payable for that monthe) All the above

Description : Mark the correct option a) Withdrawal will be allowed 50% deposited amount in RD account after one year and after 12 monthly deposit. b) No withdrawal is allowed in discontinued RD accounts c) 10% interest ... the 10th of the month, no interest shall be payable for that month e) All the above

Last Answer : e) All the above

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

Description : 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 ... bank interest applicable d) There is no maximum time limit for PMI e) All the above

Last Answer : e) All the above

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 subsequent deposit can be made in workers wage account d) No amount is required for opening worker wage accounts e) 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

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

Description : 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 ... along with interest up to the month preceding the month in which refund made. e) All the above

Last Answer : e) All the above

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) The surviving depositor will have withdraw the excess amount over and above the maximum limit of investment by single depositor. c) If this amount is not withdrawn, the excess amount will carry the normal saving bank interest 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

Last Answer : d) All the above

Mark the correct option relating to fee for obtain information under RTI act a) Rs 2/- per each page (A4/A3 size paper) created or copied b) Actual charge or cost price of a copy in large size paper c) Actual cost or price for samples or models d) For inspection of records no fee for the first hour and a fee Rs5/- for each subsequent hour e) All the above

Description : Mark the correct option relating to fee for obtain information under RTI act a) Rs 2/- per each page (A4/A3 size paper) created or copied b) Actual charge or cost price of a copy in large size paper ... records no fee for the first hour and a fee Rs5/- for each  subsequent hour  e) All the above

Last Answer : e) All the above

Mark the correct option. In a PPF account opened on 1.2.2011: a) 1st loan can be taken on 1.4.2012 b) Loan as on 1.4.2012 shall be admissible limited to 25% balance as on 31.3.11 c) The first withdrawal shall be permissible on 01.02.2015 d) Subscriber can take second loan on 1.4.2013 without repaying earlier loan

Description : Mark the correct option. In a PPF account opened on 1.2.2011: a) 1 st loan can be taken on 1.4.2012 b) Loan as on 1.4.2012 shall be admissible limited to 25% balance as on 31.3 ... shall be permissible on 01.02.2015 d) Subscriber can take second loan on 1.4.2013 without repaying earlier loan

Last Answer : a) 1 st loan can be taken on 1.4.2012

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

Description : 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 ... to Rs. 9 Lakh. Wef a) 01.8.2007 b) 12.5.2008 c) 30.08.2009 d) None of these

Last Answer : a) 01.8.2007

Post maturity interest on TD account shall be paid up to a) 1 Year b) 2 Years c) 3 Years d) No limit

Description : Post maturity interest on TD account shall be paid up to a) 1 Year b) 2 Years c) 3 Years d) No limit

Last Answer : b) 2 Years

Post maturity interest on TD account shall be paid up to a) 1 Year b) 2 Years c) 3 Years d) No limit

Description : Post maturity interest on TD account shall be paid up to a) 1 Year b) 2 Years c) 3 Years d) No limit

Last Answer : b) 2 Years

Mark the correct option a) The final withdrawal in saving account made through SB 7 only b) In joint B saving accounts at the ti c) Saving account of deceased depositor can not be transferred from one post office to another post officed) All the above

Description : Mark the correct option a) The final withdrawal in saving account made through SB 7 only b) In joint B saving accounts at the ti c) Saving account of deceased depositor can not be transferred from one post office to another post office d) All the above

Last Answer : d) All the above

______________ is granted to small scale units under section 33B of the Income tax act, 1961. A. Depreciation Allowance. B. Development Debate. C. Investment Allowance. D. Rehabilitation Allowance.

Description : ______________ is granted to small scale units under section 33B of the Income tax act, 1961. A. Depreciation Allowance. B. Development Debate. C. Investment Allowance. D. Rehabilitation Allowance.

Last Answer : D. Rehabilitation Allowance.

Mark the incorrect option Limit of death claim benefit under non medical scheme is if death occurs within a) 1 year 35%of sum assured a/w accrued bonus b) 2 years 60% of sum assured a/w accrued bonus c) 3 years 90% of sum assured a/w accrued bonus d) 4 years 100 % of sum assured a/w accrued bonus Ans:d ( It is desirable to opt for policy medical scheme to get full benefit)

Description : Mark the incorrect option Limit of death claim benefit under non medical scheme is if death occurs within a) 1 year 35%of sum assured a/w accrued bonus b) 2 years 60% of sum assured a/w accrued bonus ... a/w accrued bonus Ans:d ( It is desirable to opt for policy medical scheme to get full benefit)

Last Answer : d) 4 years 100 % of sum assured a/w accrued bonus Ans:d ( It is desirable to opt for policy medical scheme to get full benefit)

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 years who has retired on superannuation or under VRS can also open account within the one month of receipt the retirement benefits and not exceed the amount of retirement benefits c) The maturity period is 5 years 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

Last Answer : d) All the above

The exemption under section 54 of the Income Tax Act, 1961 is available ___________. e) to the extent of capital gain invested in the house property f) proportionate to the net consideration price invested g) to the extent of amount actually invested h) to the extent of net consideration

Description : The exemption under section 54 of the Income Tax Act, 1961 is available ___________. e) to the extent of capital gain invested in the house property f) proportionate to the net consideration price invested g) to the extent of amount actually invested h) to the extent of net consideration

Last Answer : to the extent of capital gain invested in the house property

. As per section 40(b) of the Income Tax Act, 1961, upto ____ % per annum simple interest on capital is allowed towards remuneration of working partners. a) 6 b) 12 c) 15

Description : . As per section 40(b) of the Income Tax Act, 1961, upto ____ % per annum simple interest on capital is allowed towards remuneration of working partners. a) 6 b) 12 c) 15

Last Answer : b) 12

Mark the correct option relating to age limit a) For WLI & EA policies the insurant should not be less than 19 year an not more than 55 year on the date of next birthday b) For CWLA the upper age limit is 50 year c) The max age limit for 15 and 20 year AEA is 45 and 40 respectively d) Under Ugal suraksha policy age at entry of both the spouses should not be less than 21 year and not more than 45 year. e) All the above

Description : Mark the correct option relating to age limit a) For WLI & EA policies the insurant should not be less than 19 year an not more than 55 year on the date of next birthday b) For CWLA the upper age ... of both the spouses should not be less than 21 year and not more than 45 year. e) All the above

Last Answer : e) All the above

Mark the correct option a) The WLA policy can be converted into EA after one year b) The EA policy can be altered and value can be reduced after one year of issue and before one year of maturity c) CWL policy cant be converted into EA policy at the end of the 5 year. d) All the above

Description : Mark the correct option a) The WLA policy can be converted into EA after one year b) The EA policy can be altered and value can be reduced after one year of issue and before one year of maturity c) CWL policy cant be converted into EA policy at the end of the 5 year. d) All the above

Last Answer : d) All the above

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

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/

5% bonus on initial deposit of MIS account allowed an account opened between a) 08 Dec 2007 to 30 Nov 2011 b) 13 Feb 2006 to 30 Nov 2011 c) Before 13 Feb 2006 d) None of these

Description : 5% bonus on initial deposit of MIS account allowed an account opened between a) 08 Dec 2007 to 30 Nov 2011 b) 13 Feb 2006 to 30 Nov 2011 c) Before 13 Feb 2006 d) None of these

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

No maximum limit on saving bank accounts from a) 01 Oct 2011 b) 01 Dec 2011 c) 01 Jan 2012 d) None of these

Description : No maximum limit on saving bank accounts from a) 01 Oct 2011 b) 01 Dec 2011 c) 01 Jan 2012 d) None of these

Last Answer : a) 01 Oct 2011

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

Description : 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 ... from one PO to another and PO to State bank or nationalized bank vice versa. d) All the above

Last Answer : d) All the above

The capital accounts of the Posts and Telecommunication departments on a commercial basis with effect from ----------- a. 01.04.1925 b. 01.01.2000 c.04.05.2002

Description : The capital accounts of the Posts and Telecommunication departments on a commercial basis with effect from ----------- a. 01.04.1925 b. 01.01.2000 c.04.05.2002

Last Answer : a. 01.04.1925

From ----------- the accounts work relating to the postal branch of the P& T department was separated from P& T audit a. 01.04.1977 b.01.04.1976 c. 01.08.1980

Description : From ----------- the accounts work relating to the postal branch of the P& T department was separated from P& T audit a. 01.04.1977 b.01.04.1976 c. 01.08.1980

Last Answer : b.01.04.1976

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

Description : Mark correct option related to bulk bag system under foreign post a) Application for bulk bag facility should be made to Head of the circle b) Special bags of printed newspaper to/from addressees/sender in ... in cash or POSB certificate pledged to Head of the circle. e) All the above are correct

Last Answer : e) All the above are correct

Salary under section 17(1) of the Income Tax Act, 1961 does not include _____. a) wages b) pension c) interest d) gratuity

Description : Salary under section 17(1) of the Income Tax Act, 1961 does not include _____. a) wages b) pension c) interest d) gratuity

Last Answer : interest

Under section 80J of the income tax act, 1961, small-scale industries are exempted from the payment of income tax on their profits at ___________. A. 6% p.a. B. 6% p.m. C. 5% p.a. D. 5% p.a.

Description : Under section 80J of the income tax act, 1961, small-scale industries are exempted from the payment of income tax on their profits at ___________. A. 6% p.a. B. 6% p.m. C. 5% p.a. D. 5% p.a.

Last Answer : A. 6% p.a.

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 : 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

Last Answer : d) All the above

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 bookc) The amount annual interest added in a saving account may not be treated as transaction in that accountd) All the above

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

Last Answer : d) All the above

Mark the correct option a) NSC can be purchased by jointly or single b) No maximum limit for purchasing NSC c) NSC VIII available in min Rs 100 den d) All the above

Description : Mark the correct option a) NSC can be purchased by jointly or single b) No maximum limit for purchasing NSC  c) NSC VIII available in min Rs 100 den d) All the above

Last Answer : d) All the above

Mark the correct option. What are the option available to the PPF subscriber on maturity of his PPF account: a) To close the account b) To continue the account with deposits c) To continue the account without deposits d) Either (A), (B) or (C) above

Description : Mark the correct option. What are the option available to the PPF subscriber on maturity of his PPF account: a) To close the account b) To continue the account with deposits c) To continue the account without deposits d) Either (A), (B) or (C) above

Last Answer : d) Either (A), (B) or (C) above

The Saving bank act 1873 does not apply to a) 5 Year RD accounts b) TD accounts c) Account opened through agents d) Sanchaya ka accounts

Description : The Saving bank act 1873 does not apply to a) 5 Year RD accounts b) TD accounts c) Account opened through agents d) Sanchaya ka accounts

Last Answer : d) Sanchaya ka accounts

Present rate of interested on on 1, 2, 4, 5 years fixed deposit(TD) is a) 6.25%, 6.50%, 7.25%, 7.50% b) 7.25%, 7.50%, 8%, 8.2% c) 8.2%, 8.3%, 8.4%, 8.5% d) None of these

Description : Present rate of interested on on 1, 2, 4, 5 years fixed deposit(TD) is a) 6.25%, 6.50%, 7.25%, 7.50% b) 7.25%, 7.50%, 8%, 8.2% c) 8.2%, 8.3%, 8.4%, 8.5% d) None of these

Last Answer : c) 8.2%, 8.3%, 8.4%, 8.5%

Post maturity interest shall be allowed up to ____ a) 2 years from the date of maturity b) 1 years from the date of maturity c) 3 years from the date of maturity d) Not allowed

Description : Post maturity interest shall be allowed up to ____ a) 2 years from the date of maturity b) 1 years from the date of maturity c) 3 years from the date of maturity d) Not allowed

Last Answer : d) Not allowed

Mark the correct option a) A RD account can be opened with min deposit of Rs 10/- and multiple of Rs 5/- b) No max deposit will be prescribed in RD account c) Rebate will be paid on 6 advance deposit or more as per prescribed and default will be recovered if a depositor fails to deposit his/her monthly deposit up to last working day of a calendar month, d) All the above

Description : Mark the correct option a) A RD account can be opened with min deposit of Rs 10/- and multiple of Rs 5/- b) No max deposit will be prescribed in RD account c) Rebate will be paid on 6 advance ... fails to deposit his/her monthly deposit up to last working day of a calendar month, d) All the above

Last Answer : d) All the above

In case of maturity value of discontinued RD account is retained after the date of maturity the depositor shall be entitled ______ of interest wef 01 Jan 2012 a) 3.5% b) 4% c) 8% d) 9.25%

Description : In case of maturity value of discontinued RD account is retained after the date of maturity the depositor shall be entitled ______ of interest wef 01 Jan 2012 a) 3.5% b) 4% c) 8% d) 9.25%

Last Answer : b) 4%

To what of following rules of relevancy have been discussed under section 8 of Indian evidence act a) Motive b) Preparation c) Previous or subsequent conduct d) All the above

Description : To what of following rules of relevancy have been discussed under section 8 of  Indian evidence act a) Motive b) Preparation c) Previous or subsequent conduct d) All the above

Last Answer : d) All the above

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

Description : 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 under this category of account d) Only one account can be opened. e) All the above

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