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

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
by

1 Answer

Answer :

e) All the above
by

Related questions

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

Description : 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 ... account, the spouse cannot continue account after death of the 1st depositor d) All the above

Last Answer : d) 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 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) 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 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

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

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

Last Answer : d) No limit

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

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

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

Description : 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 ... the benefit of Section 80C f the income tax Act 1961 from 01-04-2007 d) All the above

Last Answer : d) All the above

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) 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 relating to Senior citizen saving account a) Account opening form is Form A & for closing Form Eb) Pay in Slip Form Dc) Account transfer form is From Gd) All the above

Description : Mark the correct option relating to Senior citizen saving account a) Account opening form is Form A & for closing Form E b) Pay in Slip Form D c) Account transfer form is From G d) All the above

Last Answer : d) All the above

Mark the correct option a) If the certificate is encashed in case of death of the depositor before expiry on of one year from the date of purchase, only the face value of certificate shall be payable b) If certificate is encashed after expiry of one year SB interest will be applicable c) Both A &B d) None of these

Description : Mark the correct option a) If the certificate is encashed in case of death of the depositor before expiry on of  one year from the date of purchase, only the face value of certificate shall be  payable b ... after expiry of one year SB interest will be applicable c) Both A &B d) None of these

Last Answer : d) None of these

Mark the correct option: a) Rate applicable for recall of foreign article in case letter 10gm & Telegraph 15 words b) The fee paid for the recall will not be refunded under any circumstances c) Weight more than 500gm a warehousing charge at the rate per day commencing from eight day, shall be collected from the addressee at the time of delivery. d) All the above are correct

Description : Mark the correct option: a) Rate applicable for recall of foreign article in case letter 10gm & Telegraph 15 words b) The fee paid for the recall will not be refunded under any circumstances c) Weight ... , shall be collected from the addressee at the time of delivery. d) All the above are correct

Last Answer : d) All the above are correct

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

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 : 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

Last Answer : d) All the above

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 incorrect option relating to Children Policy a) The minimum limit for insurance under this scheme shall be Rs2000/- b) Agency commission not available in this scheme c) No loan shall be applicable to children policies.

Description : Mark the incorrect option relating to Children Policy a) The minimum limit for insurance under this scheme shall be Rs2000/- b) Agency commission not available in this scheme c) No loan shall be applicable to children policies.

Last Answer : c) No loan shall be applicable to children policies.

What is the Minimum and maximum deposit in Senior citizen saving scheme a) 500 & 5 Lac b) 1000 & 10 Lacc) 1500 & 15 Lac d) 1000 & 15 Lac

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

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

The PPF account can be extended after maturity up to a) Further block five year. b) Further two years c) Cannot be extended d) None of these Ans:a

Description : The PPF account can be extended after maturity up to a) Further block five year. b) Further two years c) Cannot be extended d) None of these Ans:a

Last Answer : a) Further block five year.

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

Mark the incorrect option a) No further transaction will be allowed in silent account b) The silent account cannot be revived should be closed c) The silent account can be revived by transaction and submitting an application. d) None of these

Description : Mark the incorrect option a) No further transaction will be allowed in silent account b) The silent account cannot be revived should be closed c) The silent account can be revived by transaction and submitting an application. d) None of these

Last Answer : b) The silent account cannot be revived should be closed

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

Description : 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

Last Answer : c) Both A and B

Mark the correct option relating to RD a) If there are more than four monthly defaults, the account shall be treated as discontinued b) Revival of the account shall be permitted only within a period of two months from the month of fifth default. c) Discontinued account can be closed after three years d) All the above

Description : Mark the correct option relating to RD a) If there are more than four monthly defaults, the account shall be treated as discontinued b) Revival of the account shall be permitted only within a period ... of fifth default. c) Discontinued account can be closed after three years 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

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%

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

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

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

Description : 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

Last Answer : b) 738.62, 747

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. 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

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

Description : 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) ... from time to time as guardian when father and mother both are not alive d) All the above

Last Answer : d) All the above

Mark the incorrect option a) The police officer who is not a pensioner may not be employed as an ED agent without the previous sanction of the DG b) Disabled ex-servicemen who are in receipt of disability pension and are not disqualified for further service in civil dept may also be considered as ED sub or branch postmaster c) No person holding an elective office shall be considered for the post of an ED agent. d) None of these

Description : Mark the incorrect option a) The police officer who is not a pensioner may not be employed as an ED agent without the previous sanction of the DG b) Disabled ex-servicemen who are in receipt of ... holding an elective office shall be considered for the post of an ED agent. d) None of these

Last Answer : d) None of these

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

Description : 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

Last Answer : a) Only one account can be opened on behalf of one minor by one guardian i.e either mother or father

Mark the incorrect option. a) The PPF account is not transferable from one person to another person. b) In the death of the depositor nominee can be continued the account c) Both the A and B d) Neither A nor B

Description : Mark the incorrect option. a) The PPF account is not transferable from one person to another person. b) In the death of the depositor nominee can be continued the account c) Both the A and B d) Neither A nor B

Last Answer : b) In the death of the depositor nominee can be continued the account

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.

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 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

Last Answer : d) 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

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

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 correct option related to preservation period a) Order book of mail office and section is three years b) Work paper of RMS offices and section is eighteen months c) Correspondence related to robberies, theft etc is one year after the case closed. d) All the above are correct

Description : Mark correct option related to preservation period a) Order book of mail office and section is three years b) Work paper of RMS offices and section is eighteen months c) Correspondence related to robberies, theft etc is one year after the case closed. d) All the above are correct

Last Answer : d) All the above are correct

Mark correct option a) A small packet should not exceed 1 Kg in weight. b) Small packet exceeding 500 gm is subject to a delivery fee payable by the addressee at the time of delivery. c) Small packet not conforming to the conditions will be returned to the sender and will be charged at double the deficiency for a rate applicable in the inland post. d) All of the above are correct

Description : Mark correct option a) A small packet should not exceed 1 Kg in weight. b) Small packet exceeding 500 gm is subject to a delivery fee payable by the addressee at the time of delivery. c) Small ... at double the deficiency for a rate applicable in the inland post. d) All of the above are correct

Last Answer : d) All of the above are correct

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

Mark the correct option a) In executing a sentence of solitary confinement such confinement shall in no case exceed fourteen days at a time. b) When the imprisonment awarded shall exceed three moth the solitary confinement shall not exceed seven day in any one month of the whole imprisonment awarded. c) Both a and b are correct d) Neither a nor b or correct

Description : Mark the correct option a) In executing a sentence of solitary confinement such confinement shall in no  case exceed fourteen days at a time. b) When the imprisonment awarded shall exceed three moth the ... imprisonment awarded. c) Both a and b are correct d) Neither a nor b or correct

Last Answer : c) Both a and b are correct