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 : 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
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 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 : 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 : 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) 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 b) Where a deposit in 1, 2, 3 or 5 year account is withdrawn prematurely after 6 month ...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 : 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 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 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 : 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 : The SCSS account transferred one Post office to another post office a) Rs 5/- per lac will be charged where the deposit is Rs 1 lac and above b) Rs 10/- per lac will be charged where the deposit is Rs 1 ... No fee will be charged d) Both the A and B( The fee will be paid by cash through pay in slip
Last Answer : d) Both the A and B( The fee will be paid by cash through pay in slip
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 : 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 : What is the fee for transfer of saving account from one post office to another post office? a) Rs 5/- b) Rs 10/- c) Rs 1/- shape of postage d) Free
Last Answer : d) Free
Description : A depositor may operate a senior citizen account a) More than one account in individual capacity or jointly with spouse b) Only one account single another one with spouse c) Only one single account and more than one joint account d) None of these
Last Answer : a) More than one account in individual capacity or jointly with spouse
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 : In case of an offence punished with fine only, an offender who is sentenced to pay a fine of not exceeding Rs. 100 but exceeding Rs. 50, the imprisonment in default of payment of fine shall not exceed (a) Two months (b) Three months (c) Four months (d) Six months.
Last Answer : (c) Four months
Description : In case of an offence punished with fine only, an offender who is sentenced to pay a fine of not exceeding Rs. 50, the imprisonment in default of payment of fine shall not exceed (a) Two months (b) Three months (c) Four months (d) Six months.
Last Answer : (a) Two months
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
Description : Where the amount of the deposit belonging to the estate of a deceased depositor does not exceed_________ such amount shall be excluded in computing the fee chargeable, a) Twenty five thousand b) Fifty thousand c) Three thousand d) Five thousand
Last Answer : c) Three thousand
Description : Payment on death of depositor a) The deposit shall be paid to nominee b) In case nominee is the minor the deposit shall paid to person appointed to receive c) Where no such person is authorized, to ... them is dead, the deposit shall be paid to the surviving nominees or nominees. e) All the above
Last Answer : e) All the above
Description : _____ will submit the application of cases arising from railway accidents accompanied by the documents mentioned above, for the order of _____through ____ a) The Head of the office, Head of the circle, PMG b) The ... , PMG, Account office c) The Head of the circle, DG, Audit office d) None of these
Last Answer : c) The Head of the circle, DG, Audit office
Description : DICGC guarantees amount up to _____________ per depositor per bank. A. Rs.1,00,000 B. Rs.1,50,000 C. Rs.2,00,000 D. Rs.3,00,000
Last Answer : A. Rs.1,00,000 Explanation: DICGC guarantees amount up to Rs. 1,00,000 per depositor per bank. They also offer income tax and wealth tax benefits.
Description : To supply of saving bank ledger copy Rs _____ will be charged a) 10 per ledger copy b) Rs 5 per every thirty entry c) Rs 2 per every thirty entries or part there of d) Free
Last Answer : c) Rs 2 per every thirty entries or part there of
Description : With effect from------------------, all Single/Double handed Sub Post Offices, at the time of closure/premature closure of RD/MIS/SCSS accounts will collect closed passbook from the depositor and attach the same with ... LOT to HO. a) 15.2.2008 b) 11.06.2010 c) 23.06.2010 d) None of these
Last Answer : a) 15.2.2008
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) 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 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 : 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
Description : How many persons can be nominated by the depositor of a savings account? a) Only one persons b) Two persons only c) Any number of person d) None of these
Last Answer : c) Any number of person
Description : In what manner the fee for issue of duplicate pass book of savings account is paid by the depositor? a) By cash b) By crediting to UCR c) Postage stamp equa
Last Answer : c) Postage stamp equal to the value of the fee to be affixed on the application
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 : 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 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 : 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 : 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 : 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 : Whoever, being an officer of the PO fraudulently puts any wrong official mark on a postal article or fraudulently alters, removes or causes to disappear an official mark which is on a postal article a) ... which may extend to two years, and shall also be punishable with fine d) None of these
Last Answer : c) Punishable with imprisonment for a term which may extend to two years, and shall also be punishable with fine
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 : In case of an offence punished with fine only, an offender who is sentenced to pay a fine exceeding Rs. 100, the imprisonment in default of payment of fine shall not exceed (a) Two months (b) Three months (c) Four months (d) Six months
Last Answer : (d) Six months.
Description : Where a complaint instituted before the District forum, the State commission or the National commission is found to be frivolous or vexatious complainant shall pay a) To the forum or commission concerned not ... 5000/- c) To the opposite party not exceeding Rs 10000/- d) None of these
Last Answer : c) To the opposite party not exceeding Rs 10000/
Description : In PO when duties of Pas are combined, the combination permissible is a) Money order & Treasury b) Sub account & mail c) Delivery and Deposit d) Delivery and mail
Last Answer : a) And brought in to a separate head at the PO
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 : The value return in form Est 5 is maintained by a) Experimental PO b) Account office b) Both A&B d) None of these
Description : Every proposal of new establishment made by a_____ must be submitted to______ through___________ concerned, at least _______ in advance of the date form which sanction is desired and where necessary. a) Head of ... Of PO, Head of the Circle/ Regional PMG, Account officer, 2 month d) None of these
Last Answer : c) Supdt Of PO, Head of the Circle/ Regional PMG, Account officer, 2 month