(POSB MANUAL VOLUME I QN 26-50)
26. No maximum limit on saving bank accounts from
a) 01 Oct 2011 b) 01 Dec 2011
c) 01 Jan 2012 d) None of these Ans:a
27. Interest earned is Tax free u to Rs
a) 5000/- b) 3000
c)
2500/- d)
3500/- Ans:d
28. Mark the incorrect option
a)
Single account
can be converted into Joint and Vice versa
b)
Minor after attaining majority has to apply for
conversion of the account in his name
c)
If minor attaining majority the account can be
closed by guardian
d)
None of these Ans:c
29. If the account opened with initial
deposit exceeding Rs 50000/- _____ is mandatory
a) Pan Card photocopy b) Declaration in form 60/61
c) Both the above d) Either
A or B Ans:d
30. 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 Ans:d
31. 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 Ans:d
32. What is IGNOAPS?
a)
Indian Government National Old Age Pension Scheme
b)
Indian Guaranty National Old Age Pension Scheme
c)
Indira Gandhi National Old Age Pension Scheme
d)
None of these Ans:c
33. What is IGNWPS?
a)
Indian Government National Worker Pension Scheme
b)
Indira Gandhi National Widow Pension Scheme
c)
Indira Gandhi National Worker Pension Scheme
d)
None of these Ans:b
34. What is IGNDPS?
a)
Indira Gandhi National Development pension
Scheme
b)
Indian Government National disability pension
Scheme
c)
Indiara Gandhi National disability pension
Scheme
d)
None of these Ans:c
35. A blind or illiterate or physically
handicapped adult
a)
Cannot be opened any account
b)
May open or operate account personally
c)
May operate account through a literate agent
nominated by him for the purpose
d)
Both the B and C And:d
36. 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 Ans:d
40. What is MG-NREGA?
a)
Most Guaranteed – National Rural Employment Guaranty
Act
b)
Mhatma Gandhi- New Right Enabled Guaranty Act
c)
Mahatma Gandhi- National Rural Employment
Guaranty Act
d)
None of these Ans:c
41. 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 Ans:d
42. 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 end of the month
b)
No interest shall be allowed on an account for
any year in which the amount of interest for the year is less than one rupees
c)
In case death of the depositor interest in the
account will be allowed till the end of the month preceding the month in which
sanction for withdrawal of balance is issued by competent postal authority
d)
All the above Ans:d
43. 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 Ans:b
44. Mark the correct option
a)
In case of silent accounts in which the minimum
balance below Rs 50/- a service charge of Rs 20/- per year is debited on the
last working day of the financial year.
b)
When balance in silent account becomes Zero the
account shall be treated as closed
c)
A service charge for dishonored cheques @50/-
per cheque plus postage charge will be debited to the depositor accounts.
d)
All the above Ans:d
45. In case any discrepancy, passbook will be
retained and receipt form____ will be issued to the depositor
a) SB-32 b) SB-28
c)
SB-27 d)
SB-14 Ans:b
46. In case the balance was above one lac in
deceased depositor account___ is necessary
a)
Witness of responsible person
b)
Thumb impression of the deceased person
c)
Succession certificate or Probate of will or
letter of administration
d)
All the above Ans:c
47. 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 Ans:c
48. 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 Ans:d
49. 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 Ans:c
50. 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 Ans:d
(Prepared & published by AB Kantharaja, Mobile 08969822340,
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