Multiple Choice Questions(MCQs) On Banking & Remittances | KVP,NSC & SSA | - Postalstudy | Post Office Blog | Materials for | Exams

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Multiple Choice Questions(MCQs) On Banking & Remittances | KVP,NSC & SSA |

 

1. Minimum Amount required to purchase a National Savings Certificate is _____ & it is in Multiples of ______

A)

500 & 100

B)

1000 & 100

C)

1000 & 500

D)

1000 & 1000

2. NSC of Rs 1000 grows to Rs _______ after 5 years.

A)

1359.49

B)

1389.49

C)

1375.89

D)

1399.49

3. NSC will be issued in the shape of Passbook w.e.f. :

A)

01.07.2016

B)

01.04.2016

C)

01.09.2016

D)

01.06.2016

4. Passbook _______is used for NSC

A)

SB-5

B)

SB-5A

C)

SB-4

D)

SB-5B

5. NSC Passbook containing number of pages  _____+ Cover Page

A)

2

B)

4

C)

6

D)

8

6. Amount Invested in KVP Doubles In _____Months

A)

112

B)

118

C)

120

D)

124

7. Up to Which Value KVP Maturity Payment can be made by cash?

A)

10000

B)

20000

C)

50000

D)

100000

8. KVP was re-introduced from ?

A)

23.09.2014

B)

01.12.2011

C)

01.12.2012

D)

23.09.2013

9. KVP certificate may be encashed at any time after expiry of _______ from the date of purchase of certificate

A)

1 Year

B)

2 Years

C)

2.5 Years

D)

3 Years

10. Minimum amount required for opening SSA account is________&  Subsequent deposits in multiples of rupees______.

A)

100 & 50

B)

250 & 100

C)

250 & 50

D)

250 & 500

11. If minimum Rs 250/- is not deposited in a financial year, account will become discontinued and can be revived with a penalty of Rs _______ per year with minimum amount required for deposit for that year.

A)

100

B)

250

C)

300

D)

50

12. Deposits in SSA may be made in the account till the completion of a period of ____ years from the date of opening of the account.

A)

Fourteen

B)

Fifteen

C)

Ten

D)

Twenty One

13. Normal SSA Premature closure will be allowed after completion of 18 years on the occasion of marriage _____ month before and ______ month from date of marriage.

A)

One & Two

B)

Two & Three

C)

One & Three

D)

Two & Four

14. ln case of an SSA account under default, if not regularized within 15 years of the opening of account, then the whole deposit, including the deposits made prior to the date of default, shall be eligible for interest at the rate applicable to the _______ till closure of the account

A)

POSB Scheme

B)

SSA Scheme

C)

Term Deposit Scheme

D)

PPF Account

15. Is Nomination Mandatory while Opening SSA Account?

A)

Yes

B)

No

C)

Cannot be, because it is opening on behalf of minor

D)

Need not be, either Parents or Guardians will be default nominees

16. The interest in SSA shall be calculated for the calendar month on the lowest balance in an Account on the deposits made between the close of the _______ day and the end of the month.

A)

7th

B)

5th

C)

10th

D)

15th

 




17. For transfer of SSA account from post office to Bank and vice versa, procedure laid down for _______ Scheme account shall be followed.

A)

SSA

B)

PPF

C)

NSC

D)

KVP

18. Sukanya Samriddi Account Scheme was launched on _______& at_______.

A)

22nd January 2015 & Delhi

B)

22nd February 2015 & Patna

C)

22nd January 2015 & Panipath

D)

22nd April 2015 & Lucknow

19. Sukanya Samriddi Account Rules 2016 was rescinded on___________and the new SSA Scheme 2019 was introduced.

A)

10th November 2019

B)

12th December 2019

C)

16th November 2019

D)

22nd December 2019

20. For transfer of POSB accounts/certificate- the depositor should apply in the prescribed form ______with Passbook and KYC documents

A)

SB 10(B)/NC-32

B)

SB 10/NC-32

C)

SB 10(B)/NC-34

D)

SB 10(A)/NC-32

21. The Application Form No _______for Applying duplicate certificate in respect of lost, stolen, destroyed, mutilated or defaced certificate.

A)

NC-26

B)

NC-29

C)

NC-32

D)

NC-34

22. What are the Charges for Dishonour of Cheque ?

A)

INR. 25/-

B)

INR. 50/-

C)

INR. 100/-

D)

INR. 200/-

23. What are the Daily ATM Cash withdrawal limit & per Transaction limit?

A)

10000 & 10000

B)

15000 & 10000

C)

25000 & 10000

D)

40000 & 5000

24. Which one of the below statement is False in respect of facilities available in Intra Operable Net banking ?

A)

Opening of PPF account

B)

Deposit in linked RD Accounts

C)

Opening of TD account.

D)

Cheque Stop payment request.

25. Premature closure of an SSA account under case of extreme compassionate grounds such as medical support in life-threatening diseases of the account holder shall not be made before completion of _______ years from the date of opening of the account. 

A)

5 Years

B)

6 Years

C)

7 Years

D)

10 Years

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