Description : 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
Last Answer : c) Both the A & B
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
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
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
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
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
Description : Mark correct option relating to payment of certificate is held by or behalf of minor a) To him personally, if he himself applied for the savings certificate, b) For the use of the minor to any person, ... minor, or where neither parent is alive, to any other guardian of the minor d) 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.
Description : Mark the correct option relating to withdrawal on PPF account a) The first withdrawal can be made at any time after expiry of 5 years from the end of the year in which the initial subscription was made ... be made in one financial year . The amount of withdrawal is not repayable. d) All the above
Description : 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
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
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
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
Description : Mark the correct option a) A literate person can account with cheque facility b) No minimum amount is required for opening of Workers wage account c) Saving account can be opened by cash only d) All the above
Description : 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
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
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
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
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
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
Description : Mark the correct option a) The account can be transferred submitting an application in form SB 10(b) b) The account may be opened in using the form SB 3 c) SB 7 is necessary to get withdrawal except cheque account d) All the above
Description : Mark the correct option a) Minor cannot appoint a messenger for making withdrawal from SB account b) At the time of making a withdrawal by cheque from saving account not necessary to provide pass book ... added in a saving account may not be treated as transaction in that account d) All the above
Description : 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.
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
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
Description : Mark the correct option a) Any goods transmission through inland post is prohibited found in PO should be detained and an immediate report submitted to Head of the Circle/Region. b) If a leaky parcel ... in a cover and marked doubtful' addressed to the Postmaster of destination e) All the above
Description : Mark the correct option a) In case death of the one depositor of joint account holder , in the MIS account the account will be treated as single from the date of death of the account holder b ... amount is not withdrawn, the excess amount will carry the normal saving bank interest d) All the above
Description : 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
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
Description : Mark the incorrect option a) EA & Yugal suraksha policies may be surrendered or made paid up after 3 years. b) WL and CWL policies may be surrendered or made paid up after 4 years c) AEA policy may ... All the above Ans:c ( AEA policy cannot be surrendered) 25. As per revised Govt policy the insura
Last Answer : c) AEA policy may be surrendered after 3 year
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)
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
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
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
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
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
Description : Mark the correct option relating to Senior citizens saving scheme a) An individual of the Age 60 years or more may open the account b) An individual of the age of 55 years or more but less than 60 ... and not exceed the amount of retirement benefits c) The maturity period is 5 years d) All the above
Description : Mark the correct option a) 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
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
Description : Mark the correct option a) TD accounts cannot be closed prematurely before 6 months from the date of opening of account. b) Where a deposit in 1, 2, 3 or 5 year account is withdrawn prematurely after 6 month ... than the rate specified for 1 , 2 or 3 years as the case may be. d) All the above
Description : Mark the correct option relating to Protected saving scheme a) Twenty four months have been elapsed from the date of opening the account and during the said period all the month installments have been paid ... The claim applied for within one year of the death of the depositor e) All the above
Description : 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
Description : Mark the correct option a) No interest shall be allowed on an account for any month in which the balance at credit below twenty rupees ant any time between the close of the tenth day and ... month in which sanction for withdrawal of balance is issued by competent postal authority d) All the above
Description : Mark incorrect option relating to when In correct items noticed in a sub office daily account a) Should be communic b) A similar note should be made in the sub office daily account received ... The daily account received from a SO should be returned for rectification of errors d) None of these
Last Answer : c) The daily account received from a SO should be returned for rectification of errors
Description : Mark the correct option relating to SO daily account. a) The SO daily account is prepared by the sub postmaster himself b) The sub postmaster is responsible for it correctness c) The SO daily account may be prepared by SB PA d) SB assistant is also responsible for it correctness
Last Answer : a) The SO daily account is prepared by the sub postmaster himself
Description : Mark the correct option relating to SO Slip a) SO slip prepared in form Pa 3 by HO to each of its SO in every day enclosed in the account bag b) Amount with details, of cash (including stamps) sent ... HO. d) Particulars of documents and ser No and value of Postal order, sent to SO e) All the above
Description : Mark correct option a) For the purpose of bag account PO is a Unit Bag Office b) Memo of authorized Bag balance is issued by Sr/Supdt of PO/RMS offices c) Diagram of a sorting case is prepared by SRM d) All the above are correct
Last Answer : d) All the above are correct
Description : Mark the correct option relating to how are the postal income and postal cost of any office calculated in urban area. a) 43/120 of the value of all postage stamps and stationery sold at the ... /42 of the postage due on unpaid and insufficiently paid article posted at office. e) All the above
Description : Mark the correct option relating to how are the postal income and postal cost of any office calculated in rural area. a) 2/5 of the value of all postage stamps and stationery sold at the office ... 1/8 of the postage due on unpaid and insufficiently paid article posted at office. e) All the above
Description : Mark correct option a) An account bag is used between a SO to HO vice versa b) SO to HO account bag contain SO daily account c) HO to SO account bag contain SO Slip d) Account bag are due bag e) All the above