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 : 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
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 : 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
Description : A VP articles on which intimation has been served an lying in the deposit for seven days can be retained a) For further seven days without any fees b) For further seven days on payment of fees c) For fifteen days on payment of fees d) Cannot be retained return to sender after 7 days Ans:b(231) e)
Last Answer : b) For further seven days on payment of fees
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
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 : 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
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
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 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 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 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
Description : Money order issued at BO will be a) Will be numbered examined and issued at the account office as MO presented at the window b) Forwarded to HO for further action c) MOs cannot be booked at BO d) None of these
Last Answer : b) Forwarded to HO for further action
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 : 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
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
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/
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. 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 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 : 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
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 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 : 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
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%
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 : Maturity period will be ____in case the NSC purchased on or after 01 Dec 2011 a) 4 Years b) 5 Years c) 6 Years d) 10 Years
Last Answer : b) 5 Years
Description : The unclaimed certificates lying in the custody of the Postal Accounts Office are preserved for a period of a) 30 years from the dates of maturity after which these become due for destruction b) ... of maturity after which these become due for destruction b) 10 years from the dates of maturity
Last Answer : a) 30 years from the dates of maturity after which these become due for destruction
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 : 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
Description : ITC Card den is a) Three b) Two c) Five d) Four Ans:a ( 100/-, 200/-, 500/-, issued by BSNL)
Last Answer : a) Three
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
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
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
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
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 : What is the duration of Public Provident Fund (PPF) account? A. 3 years B. 5 years C. 9 years D. 15 years E. 18 years
Last Answer : D. 15 years Explanation: A PPF account matures in 15 years, but you can extend the tenure in blocks of five years after maturity. The balance continues to earn interest at the normal rate. The minimum investment of Rs 500 has to be maintained even for accounts extended beyond 15 years.
Description : In the event of policy holder committing suicide a) The full maturity benefit will be paid b) No claim will be entertained in suicide cases c) Within two year from the date of policy, the policy ... treated as void and no claim will be entertained d) The premium will be returned a/w SB interest
Last Answer : c) Within two year from the date of policy, the policy will be treated as void and no claim will be entertained
Description : Examination for the appointment of accounts of PO/RMS all clerks/sorter who have not less than _________ service as clerks/sorter. a) 5 years b) 10 years c) 3 years d) None of these Ans: c ... a) Only to successful candidates d) All the candidates c) No traveling allowance allowed d) None of these
Last Answer : a) Only to successful candidates
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 : The maturity value on Rs 100 denomination of NSC wef 01 Apr 2012 is a) 161.10 b) 152.90 c) 151.80 d) 152.00
Last Answer : d) 152.00
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
Description : The reduction in the amount on account of commutation shall become operative within -- ------- months after issue of letter by the competent authority a. Five b. Two c. Three
Last Answer : c. Three
Description : A minimum yearly deposit of ________ is required to open and maintain a PPF account, and a maximum deposit of _____. A. Rs. 500 and Rs 1.50 lakhs B. Rs. 1000 and Rs 2.50 lakhs C. Rs. 2000 and Rs 3.50 lakhs D. Rs. 5000 and Rs 4.50 lakhs
Last Answer : A. Rs. 500 and Rs 1.50 lakhs Explanation: A minimum yearly deposit of Rs. 500 is required to open and maintain a PPF account, and a maximum deposit of Rs.1.5 lakhs (as on Financial year 2015- ... Income Tax Act. The amount can be deposited in lump sum or in a maximum of 12 instalments per year.
Description : Register of Sanctioned Establishment should be destroyed at the end of: (A) The year after issue of new one (B) Two years after issue of new one (C) Three years after issue of new one (D) Five years after issue of new one
Last Answer : (A) The year after issue of new one
Description : Deposits of employees that remain unclaimed for ____ years after their refund becomes admissible are to be credited to Government under head________ a) Two years, UCR b) Three years, UCP c) Three years, Miscellaneous revenue d) Five year, Miscellaneous revenue
Last Answer : c) Three years, Miscellaneous revenue
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