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

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 31.3.11
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
by

1 Answer

Answer :

a) 1
st loan can be taken on 1.4.2012
by

Related questions

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

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 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

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

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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

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

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) 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

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) Interest at 10% per annum is charged on the loan compounded half yearly b) Second loan is not admissible until first loan is cleared. c) Loan are not available on AEA policies d) The risk is covered on the PLI policy by dept only from the date of acceptance of the proposal by the CPMG e) All the above

Description : Mark the correct option a) Interest at 10% per annum is charged on the loan compounded half yearly b) Second loan is not admissible until first loan is cleared. c) Loan are not available on AEA policies ... policy by dept only from the date of acceptance of the proposal by the CPMG e) All the above

Last Answer : e) All the above

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

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

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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

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%

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

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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

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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

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Last Answer : e) All the above

For the financial year ended as on March 31, 2013 the figures extracted from the balance sheet of Xerox Limited as under: Opening Stock Rs. 29,000; Purchases Rs. 2,42,000; Sales Rs. 3,20,000; Gross Profit 25% of Sales. Stock Turnover Ratio will be :- (a) 8 times (b) 6 times (c) 9 times (d) 10 times

Description : For the financial year ended as on March 31, 2013 the figures extracted from the balance sheet of Xerox Limited as under: Opening Stock Rs. 29,000; Purchases Rs. 2,42,000; Sales Rs. 3,20,000; Gross Profit 25% of ... Stock Turnover Ratio will be :- (a) 8 times (b) 6 times (c) 9 times (d) 10 times

Last Answer : (a) 8 times

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 initial deposit for opening of savings account shall be accepted in cash wef a) 01.01.1990 b) 05.02.2000 d) 12.02.2005 d) None of these

Description : The initial deposit for opening of savings account shall be accepted in cash wef a) 01.01.1990 b) 05.02.2000 d) 12.02.2005 d) None of these

Last Answer : a) 01.01.1990

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

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Last Answer : d) All the above

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) 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) 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) 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

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 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

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

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

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.

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

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

The revised rate of interest @4% on saving accounts wef a) 01 Oct 2011 b) 01 Dec 2011 c) 01 Nov 2011 d) 01 Jan 2012

Description : The revised rate of interest @4% on saving accounts wef a) 01 Oct 2011 b) 01 Dec 2011 c) 01 Nov 2011 d) 01 Jan 2012

Last Answer : b) 01 Dec 2011

The KVP introduced and discontinued from a) 01-04-1997 & 30 Nov 2011 b) 01-04-1988 & 31 Dec 2011 c) 01-04-1988 and 30 Nov 2011 d) None of these

Description : The KVP introduced and discontinued from a) 01-04-1997 & 30 Nov 2011 b) 01-04-1988 & 31 Dec 2011 c) 01-04-1988 and 30 Nov 2011 d) None of these

Last Answer : b) 01-04-1988 & 31 Dec 2011

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 to the SO c) The balance of list of daily account received from the SO and accounted for in the HO. d) Particulars of documents and ser No and value of Postal order, sent to SO e) All the above

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

Last Answer : e) All the above

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

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Last Answer : d) All the above are correct

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

Mark the incorrect option a) Not more than one policy will be allowed for one child. The policy can be taken by insured for his/her own child only b) Not more than two children in a family shall be covered under this policy. The same child should not be covered under more than one policy c) The insured of main policy shall not be aged 45 years and above at the time of taking of children policy d) The age of the child note more than 18 year at the time of issue of children policy

Description : Mark the incorrect option a) Not more than one policy will be allowed for one child. The policy can be taken by insured for his/her own child only b) Not more than two children in a family shall be ... policy d) The age of the child note more than 18 year at the time of issue of children policy

Last Answer : d) The age of the child note more than 18 year at the time of issue of children pol

What is minimum balance should remain in a savings account without cheque account after withdrawal? a) Rs 50/- b) Rs 500/- c) Rs 1000/- d) Rs 100/

Description : What is minimum balance should remain in a savings account without cheque account after withdrawal? a) Rs 50/- b) Rs 500/- c) Rs 1000/- d) Rs 100/

Last Answer : a) Rs 50/

Mark correct option relating to live mail survey a) The survey is to be conducted in one delivery PO in each Postal Division. b) The PO to be selected should have a reasonable quantity of mail for study. c) 25% of the Post Offices selected for the survey should be in rural areas d) At least 25% of the total mails received in the PO selected is to be studied. e) All the above

Description : Mark correct option relating to live mail survey a) The survey is to be conducted in one delivery PO in each Postal Division. b) The PO to be selected should have a reasonable quantity of mail for study. ... least 25% of the total mails received in the PO selected is to be studied. e) All the above

Last Answer : e) All the above

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