Description : Memo of admission of payment is obtained a) When duplicate money order are issued b) When a money order is lost before payment c) When a money order is lost after payment d) When money order was paid to a person other than the payee
Last Answer : c) When a money order is lost after payment
Description : Money order will be paid to a. Parents of the payee, if the payee not present at the address. b. Any person or family member residing at the address, if payee not present c. Payee of the MO at the address d. Wife/husband of the payee
Last Answer : c. Payee of the MO at the address
Description : The cases in which defective IPOs be paid without reference to higher authority a) The IPO was first erroneously receipted by a person other than the payee entire cancelled and properly receipted by ... receipted the purchaser, it subsequently cancelled and receipted by the payee. d) All the above
Last Answer : d) All the above
Description : . If a money order cannot be paid owing to the death of the payee a) It should be paid to his relatives in the address b) It should be treated as an unclaimed order c) It should be kept in deposit d) None of these
Last Answer : b) It should be treated as an unclaimed order
Description : If a remitter of money order wants to stop its payment to the payee a) Value of MO and commission paid will be refunded to him b) Value of Mo will be refunded c) No refund d) None of these
Last Answer : b) Value of Mo will be refunded
Description : Money order neither paid to payee nor remitter called as a) Dead money order b) Void money order c) Cancelled money order d) None of these
Last Answer : b) Void money order
Description : MO become void when a) The MO not paid to payee or remitter b) The MO not paid to payee or remitter at the end of the month following the month of its issue c) The MO not paid to payee or remitter at the end of the year d) None of these
Last Answer : b) The MO not paid to payee or remitter at the end of the month following the month of its issue
Description : An IPO should not be paid to the payee it a) The signature of the issuing postmaster is wanting b) The round MO/special stamp of issuing office is not impressed. c) Both the signature of issuing Postmaster/ Round impression wanting d) All the above
Last Answer : c) Both the signature of issuing Postmaster/ Round impression wanting
Description : Payment of a MO addressed to a place not served daily by postman will be a) Made to the messenger as authorized by the payee in a letter given to the Postmaster of office of payment b) Paid only to the payee c) Kept in deposit for 7 days an returned for repayment to the remitter d) All the above
Last Answer : a) Made to the messenger as authorized by the payee in a letter given to the Postmaster of office of payment
Description : If a payee of the VPMO (sender of the VP article) for Rs 400/- is deceased, then the VPMO should be a) Returned to the addressee of the VP article b) paid to the claimant in the ... witness c) Returned to Audit office as unpaid d) Paid to the claimant after obtaining indemnity bond with one surety
Last Answer : d) Paid to the claimant after obtaining indemnity bond with one surety
Description : Void MO can be paid to the remitter or payee if application is made before expiry of a) 6 Month from issue of original MO b) 12 Month from issue of original MO c) Month from issue of original MO d) None of these
Last Answer : b) 12 Month from issue of original MO
Description : ________ is a cheque rather an amount of cheque, which is above the balance available in the account of the payer. A. Travellers cheque B. Multicity Cheque C. Mutilated Cheque D. Over Draft
Last Answer : D. Over Draft Explanation: An overdraft is an extension of credit from a lending institution when an account reaches zero. An overdraft allows the individual to continue withdrawing money even if the account has no funds in it.
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 : Who is a payee in case of cheque?
Last Answer : Who is a payee in case of cheque?
Description : With reference to a cheque which of the following is the „drawee bank‟ ? A. The bank that collects the cheque B. The payee‘s bank C. The endorser‘s bank D. The bank upon which the cheque is drawn
Last Answer : D. The bank upon which the cheque is drawn Explanation: Drawee is a legal and banking term used to describe the party that has been directed by the depositor to pay a certain sum of money to the person presenting the check or draft. A typical example is if you are cashing a paycheck.
Description : The safest form of Crossed Cheque is _____ A. Double Crossing B. General Crossing C. Special Crossing D. Account payee crossing E. None of the Above
Last Answer : D. Account payee crossing Explanation: In Account payee crossing the amount will not be paid to anybody over the counter. It will be credited to the account of the payee only. Thus account payee crossing ensures safe transfer of funds.
Description : Witness is not necessary for delivery of a) Regd article addressed to an illiterate addressee b) An insured article received for delivery to a minor c) MO for payment an illiterate payee d) A TMO for payment to a payee without fingers
Last Answer : b) An insured article received for delivery to a minor
Description : Payment of crossed Indian Postal order will be made a) By cash b) Direct to the payee c) Through PO Saving bank or any of the bank d) All the above
Last Answer : c) Through PO Saving bank or any of the bank
Description : In the case of an inland MO, in which it is learnt that the payee has left India and his revised address, is known to the PO a) The MO cannot be redirected but is should be returned to the ... the redirected MO to a foreign country should be deducted in the original value of MO d) None of these
Last Answer : c) The Mo can be redirected, but he difference in the commission of the redirected MO to a foreign country should be deducted in the original value of MO
Description : If the remitter wants to change the name of payee, after booking of MO a) No fee is to be collected from eh remitter for the first alteration b) Second commission equal to first c) Half of the first commission d) Postage stamp for Rs 10 to be affixed on the request form
Last Answer : b) Second commission equal to first
Description : If a MO is lost after payment a) Duplicate MO will be prepared by office of issue b) Duplicate mo will be prepared by office of payment c) Certificate of payment will be prepared by office of payment ... of payment will get the signature of the payee in the memo and forward it to the Audit Office.
Last Answer : d) Memo of admission of payment will be prepared by office of issue and on receipt, the office of payment will get the signature of the payee in the memo and forward it to the Audit Office.
Description : If the payee refuses to take MO payment, MO should be a) Kept in deposit for 7 days b) Returned to RLO c) Returned to remitter at once d) Returned to the remitter after 10 days
Last Answer : c) Returned to remitter at once
Description : If the remitter presents an application requesting postmaster of office of issue to change the name of payee, the fee to be collected is a) Second commission in cash b) Free c) Second commission in shape of postage stamp affixed on the application d) None of these
Last Answer : c) Second commission in shape of postage stamp affixed on the application
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 : The application fee may be accepted in shape of____ payable to a) Cash/Account officer of the public authority b) DD/Cheque / Account officer of the public authority c) Indian Postal Order / Account officer of the public authority d) Any one of the above
Last Answer : d) Any one of the above
Description : The following is a document a) A cheque upon a banker is an document b) A power of attorney is a document c) A map or plan which is intended to be used or which may be used as evidence d) All the above
Description : The date of purchase of certificate when payment made by cheque will be a) The actual date of cheque accepted by postmaster b) The date of cheque accepted by the Head office c) The date of when cheque received after clearance d) None of these
Last Answer : c) The date of when cheque received after clearance
Description : Payment for purchase of a certificate may be made by a) Cash or cheque b) Pay order or DD c) Matured Certificate/SB Wdl d) 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 : 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
Last Answer : e) 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 relating to cheque collection charges. a) Rs 30/- for a cheque up to Rs 1000/- b) Rs 3/- per thousand beyond Rs 1000/- c) No collection charges will be charged on outstation cheque of Post office saving bank drawn in post office saving bank 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 : What is minimum amount may be withdrawn by a cheque from a cheque saving account? a) Rs 500/- b) Rs 100/- c) Rs 100/- d) Rs 20/
Last Answer : d) Rs 20/
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 : What is minimum balance should remain in a savings account with cheque book after withdrawal? a) Rs 50/- b) Rs 500/- c) Rs 1000/- d) Rs 100/
Last Answer : b) Rs 500/
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/
Description : From the following duties , which is not entrusted as duty of treasurer a. Drawing cheque b . supply fund from the office cash c. receive cash from postman
Last Answer : a. Drawing cheque
Description : Form No C P W A -52 is used for A Register of certificate b. Register of Cheque Book c. Register of issued cheque
Last Answer : b. Register of Cheque Book
Description : ACG 28 denotes ----------- a. Register of dishonoured Cheque b. Register of cheques received and cleared c. None of these
Last Answer : b. Register of cheques received and cleared
Description : Cheque payment of Postage from the holders of Franking machine licenses can be accepted with bank guarantee. The above said statement is a. True b. False
Last Answer : b. False
Description : A cheque drawn on any bank located at the same station as that of the head post office and accepted at any of its sub offices will also be regarded as----------- a. Local Cheque b . Outstation Cheque
Last Answer : a. Local Cheque
Description : Credit challans and pay orders should be treated as ----------------- a. Cheque b. Credit certificate c. None of these
Last Answer : b. Credit certificate
Description : In case money order received for payment to a blind person a) The provision as for payment of MOs to minors to be followed b) Money order should not be paid but returned to remitter c) ... to pardanishin woman to be followed d) Provision for payment of MOs to illiterate payees should be observed
Last Answer : d) Provision for payment of MOs to illiterate payees should be observed
Description : If a money order payable to a person whose identity is not known to the PO is received a) It cannot be paid at window b) It should be paid on proper identification b a person known to the PO c) Should be returned to the sender d) Can be redirected/dispersed as per written instruction of the person
Last Answer : b) It should be paid on proper identification b a person known to the PO
Description : Money order payable to a person who is not permanent resident within the jurisdiction of office of payment a) Will not be paid b) Payment will be made only through cheques c) Payment will be made only ... d) Can be paid in the normal course on satisfactory proof of identity of the person in the MO
Last Answer : d) Can be paid in the normal course on satisfactory proof of identity of the person in the MO
Description : If you want to ensure that your money will be secured if cheques sent are wasted in the post, you should A) Always pay by cash B) Cross your Cheques ‘Account Payee only, Not Negotiable.’ C) Always get the money in person D) Not use the postal service in future
Last Answer : Answer: B
Description : Indirect tax means : (1) there is not direct relationship between the tax payer and the government. (2) direct relationship between tax payer and the government. (3) tax base is income (4) the incidence and impact are on the same person on whom tax is imposed.
Last Answer : (1) there is not direct relationship between the tax payer and the government. Explanation: The term indirect tax has more than one meaning. In the colloquial sense, an indirect tax (such as ... which is collected directly by government from the persons (legal or natural) on which it is imposed.
Last Answer : there is not direct relationship between the tax payer and the government.
Description : Which account is credited when Salary is paid by cheque?
Last Answer : Which account is credited when Salary is paid by cheque?