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

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
by

1 Answer

Answer :

c) Both the A & B
by

Related questions

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

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 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

Description : 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

Last Answer : b) Joint account can be opened in PPF

When an application is received for the purchase of a certificate on behalf of a minor a) The certificate should be issued in the name of the minor b) The certificate should be issued in the name of the minor c) The application should be signed by an adult purchasing the certificates on behalf of a minor d) Both B and C

Description : When an application is received for the purchase of a certificate on behalf of a minor a) The certificate should be issued in the name of the minor b) The certificate should be issued in the name of ... should be signed by an adult purchasing the certificates on behalf of a minor d) Both B and C

Last Answer : d) Both B and C

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 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

If a MO is received payable to a minor a) It can be paid to the minor if he is old enough to understand the nature of the transaction b) When the minor is under years of discretion and is living with his parents, payment will be made to his parents on signing the MO on behalf of the minor c) When the minor is under years of discretion and is not living with his parents, payment can be made to person in whose care the minor is living on getting an undertaking d) All the above

Description : If a MO is received payable to a minor a) It can be paid to the minor if he is old enough to understand the nature of the transaction b) When the minor is under years of discretion and is living ... can be made to person in whose care the minor is living on getting an undertaking d) All the above

Last Answer : d) All the above

How many Single saving accounts may be opened by an adult in his own name in any one post office? a) Only one b) Only Two c) No such limit d) None of these

Description : How many Single saving accounts may be opened by an adult in his own name in any one post office? a) Only one b) Only Two c) No such limit d) None of these

Last Answer : a) Only one

Mark the correct option a) Nomination cannot be made in case NSC purchased on behalf of minor. b) No fee will be charged for registration, cancellation or change in the nomination c) Tax rebate u/s 80-C will be available in NSC d) All the above

Description : Mark the correct option a) Nomination cannot be made in case NSC purchased on behalf of minor. b) No fee will be charged for registration, cancellation or change in the nomination c) Tax rebate u/s 80-C will be available in NSC d) All the above

Last Answer : d) All the above

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

Description : 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

Last Answer : d) Both the B and C

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. 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 PPF account a) Cannot be attached any order or decree of court b) Is totally exempted from income tax c) In the event of the death of the depositor , the amount standing to his credit can be repaid to his nominee or legal heir even before expiry or 15 year d) All the above

Description : The PPF account a) Cannot be attached any order or decree of court b) Is totally exempted from income tax c) In the event of the death of the depositor , the amount standing to his credit can be repaid to his nominee or legal heir even before expiry or 15 year d) All the above

Last Answer : d) All the above

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

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

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

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

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

Last Answer : d) All the above

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

Description : 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

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

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/

Mark the correct option. a) The first loan on PPF accounts can be taken in the third year from the year of opening the account. b) The amount of Loan will be restricted to 25% of the balance at the account end of the second year preceding the year in which the loan is applied for. c) The loan is repayable either in lump sum or in convenient installments of not more than 36. d) All the above

Description : Mark the correct option. a) The first loan on PPF accounts can be taken in the third year from the year of opening the account. b) The amount of Loan will be restricted to 25% of the balance at ... is repayable either in lump sum or in convenient installments of not more than 36. d) All the above

Last Answer : d) All the above

Mark the correct statement. a) Second withdrawal in a PPF account is payable in the next financial year of the year in which principal and interest on first withdrawal has been fully refunded and other conditions fulfill b) Second loan is permissible in the financial year in which 1st loan and interest thereon has been recovered provided the 1st loan was not taken in the same year and other conditions fulfill c) Second loan is permissible in the same financial year if first loan taken in the year has been refunded alongwith interest thereon and other conditions fulfill d) None of the above is correct

Description : Mark the correct statement. a) Second withdrawal in a PPF account is payable in the next financial year of the year in which principal and interest on first withdrawal has been fully ... been refunded alongwith interest thereon and other conditions fulfill d) None of the above is correct

Last Answer : b) Second loan is permissible in the financial year in which 1st loan and interest thereon has been recovered provided the 1st loan was not taken in the same year and other conditions fulfill

Mark the correct statement: a) A withdrawal in a PPF account can be refunded in not more than 36 monthly installments: b) Interest on withdrawal taken from a PPF account is one percent above the rate of interest admissible on PPF subscription c) Second withdrawal can be taken after refund of 1st withdrawal with interest thereon d) The amount of withdrawals in a PPF Account is not repayable

Description : Mark the correct statement: a) A withdrawal in a PPF account can be refunded in not more than 36 monthly installments: b) Interest on withdrawal taken from a PPF account is one percent above ... 1st withdrawal with interest thereon d) The amount of withdrawals in a PPF Account is not repayable

Last Answer : d) The amount of withdrawals in a PPF Account is not repayable

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.

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

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

The transaction relating to the business managed by the department on behalf of the government are included in -------------------- a. Major account heads b. remittance and debt sections of the account c. None of these

Description : The transaction relating to the business managed by the department on behalf of the government are included in -------------------- a. Major account heads b. remittance and debt sections of the account c. None of these

Last Answer : b. remittance and debt sections of the account

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 incorrect option a) Single account can be converted into Joint and Vice versa b) Minor after attaining majority has to apply for conversion of the account in his name c) If minor attaining majority the account can be closed by guardian d) None of these

Description : Mark the incorrect option a) Single account can be converted into Joint and Vice versa b) Minor after attaining majority has to apply for conversion of the account in his name c) If minor attaining majority the account can be closed by guardian d) None of these

Last Answer : c) If minor attaining majority the account can be closed by guardian

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

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

The holder (an adult and not a minor) of a certificate who desire to make a nomination will apply in a) NC 36 b) NC 51 c) NC 10 d) NC 41

Description : The holder (an adult and not a minor) of a certificate who desire to make a  nomination will apply in a) NC 36 b) NC 51 c) NC 10 d) NC 41

Last Answer : b) NC 51

The holder (an adult and not a minor) of a certificate who desire to make a nomination will apply in a) NC 36 b) NC 51 c) NC 10 d) NC 41

Description : The holder (an adult and not a minor) of a certificate who desire to make a  nomination will apply in a) NC 36 b) NC 51 c) NC 10 d) NC 41

Last Answer : b) NC 51

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

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

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

Description : 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

Last Answer : d) Either A or B

If the property ordered to be attached is a immovable property, the attachment under this section shall be made a) By taking possession b) By the appointment of a receiver c) By an order in writing prohibiting the payment of rent on delivery of property to the proclaimed person or to any one on his behalf d) By all or any two of such methods as the court thinks fit

Description :  If the property ordered to be attached is a immovable property, the attachment  under this section shall be made a) By taking possession b) By the appointment of a receiver  c) By an order in writing ... any one on his behalf d) By all or any two of such methods as the court thinks fit

Last Answer : d) By all or any two of such methods as the court thinks fit

If the property ordered to be attached is a debt or other movable property, the attachment under this section shall be made a) By seizure b) By the appointment of a receiver c) By an order in writing prohibiting the delivery of such property to the proclaimed Person or to any one on his behalf d) By all or any two of such methods as the court thinks fit

Description : If the property ordered to be attached is a debt or other movable property, the  attachment under this section shall be made a) By seizure b) By the appointment of a receiver  c) By an order in writing ... to any one on his behalf d) By all or any two of such methods as the court thinks fit

Last Answer : d) By all or any two of such methods as the court thinks fit

Which of the following is known as “Demat” account? A. Account in which shares are held in electronic form B. other than those given as options C. Account allowed to be operated by guardian of minor D. Account operated by business correspondents in rural centres. E. Account opened with zero balance

Description : Which of the following is known as Demat account? A. Account in which shares are held in electronic form B. other than those given as options C. Account allowed to be operated by ... minor D. Account operated by business correspondents in rural centres. E. Account opened with zero balance

Last Answer : A. Account in which shares are held in electronic form Explanation: A Dematerialized account is opened by the investor while registering with an investment broker (or sub-broker).

Payment of commission on PPF and SCSS is a) 1% and 0.5% d) 2% and .05% c) 0.5% and Nil d) No commission paid

Description : Payment of commission on PPF and SCSS is a) 1% and 0.5% d) 2% and .05% c) 0.5% and Nil d) No commission paid

Last Answer : d) No commission paid

What is the rate of interest in PPF wef 01 Apr 12 ? a) 8.8% per annum compounded yearly b) 8.5% per annum compounded yearly c) 8.6 % per annum compounded yearlyd) None of these

Description : What is the rate of interest in PPF wef 01 Apr 12 ? a) 8.8% per annum compounded yearly b) 8.5% per annum compounded yearly c) 8.6 % per annum compounded yearly d) None of these

Last Answer : a) 8.8% per annum compounded yearly

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

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) 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

Joint account can be opened with a) Father/mother only b) Spouse only c) Any persons d) Only within relation

Description : Joint account can be opened with a) Father/mother only b) Spouse only c) Any persons d) Only within relation

Last Answer : b) Spouse only

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

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 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

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

The rate of interest in RD account opened before 01 Dec 11 and on or after 01 Dec 2011 and up to 31 Mar 12 is a) 6.5%, 7% b) 7.5%, 8% c) 8%, 8.5% d) 8%, 8.2%

Description : The rate of interest in RD account opened before 01 Dec 11 and on or after 01 Dec 2011 and up to 31 Mar 12 is a) 6.5%, 7% b) 7.5%, 8% c) 8%, 8.5% d) 8%, 8.2%

Last Answer : b) 7.5%, 8%

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) 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