(POSB MANUAL VOLUME I QN 51-75)
51. A person can open ____ of RD Accounts in
one post office
a) Only one b) One single and another joint
c) Any number d) None of these Ans:c
52. 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 Ans:d
53. 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
month
e)
All the above Ans:e
54. 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% Ans:b
55. 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 Ans:b
56. 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 Ans:d
57. Protected saving scheme is admissible in
_____ den of RD accounts
a) 10 b) 20
c)
50 d)
50 Ans:d
(Prepared by AB Kantharaja Kodagu Dn, Karnataka, presently serving in APS
(abkantharaja@gmail.com)
mobile No 08969822340)
58. 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 into the account without any default and there has
been no withdrawal from the account during the period.
b) The age of the depositor or depositors
as the case may be, at the time of opening the account was not less than 18
years and not more than 53 years
c) The legal heir/nominee of the deceased
depositor has not made any claim or has not already been given the benefit in
respect of any other account under the scheme
d) The claim applied for within one year
of the death of the depositor
e) All the above Ans:e
59. 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 Ans:d
(This rule presently not in force)
60. 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% Ans:b
61. Post maturity interest
on RD account after extended maturity period shall be paid up to
a) 1 Year b) 2 Years
c) 3 Years d) No limit (from
01-01-12) Ans:d
62. Present rate of
interested on on 1, 2, 4, 5 years fixed
deposit(TD) is
a) 6.25%, 6.50%, 7.25%, 7.50% b) 7.25%,
7.50%, 8%, 8.2%
c) 8.2%, 8.3%, 8.4%, 8.5% d) None of these Ans:c
63. A person can open ____ of TD Accounts in
one post office
a) Only one b) One single and another joint
c) Any number d) None of these Ans:c
64. Minimum limit for deposit in TD Account
a) 200/- and multiple 200/- b) 100/- and multiple 100/-
c) 200/- and multiple 100/- d) None of these Ans:a
65. 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 Ans:d
66. 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 Ans:d
67. 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 but before expiry of one year from the date of deposit , no interest will be payable
to the depositor.
c)
Where a deposit in 2,3 or 5 year account is
withdrawn prematurely after the expiry of one year interest on such deposit
shall be payable to the depositor such interest hall be calculated at the rate
which shall be 1% less than the rate specified for 1 , 2 or 3 years as the case
may be.
d)
All the above Ans:d
68. Pledging of TD account as security in the
name of
a)
The president of India or Governor of the state in
his official capacity
b)
The reserve bank of India or a scheduled bank or a
co-operative society
c)
Both the A and B
d)
None of these Ans:c
69. Post maturity interest on TD account shall be paid up to
a) 1 Year b) 2 Years
c) 3 Years d) No
limit Ans:b
70. 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 subsequent deposit can be made in workers
wage account
d)
No amount is required for opening worker wage
accounts
e)
All the above Ans:e
71. Minimum limit in opening of MIS account
a)
Rs 1000/-
and in multiple of Rs 1000/-
b)
Rs 1500/- and in multiple of Rs 1500/-
c)
Rs 1250/- and in multiple of Rs 1250/-
d)
None of these Ans:b
72. What is the maximum limit of deposit in
MIS account in single and joint?
a) 1.5 lac and 3 lack b) 3 lac and 4.5 lack
c) 4.5 lac and 9 lac d) 6 lac and
9 lac Ans:c
73. 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 Ans:d
73. 5% bonus on initial deposit of MIS
account allowed an account opened between
a) 08 Dec 2007 to 30 Nov 2011 b) 13
Feb 2006 to 30 Nov 2011
c) Before 13 Feb 2006 d) None of these Ans:a
74. Post maturity interest
on TD account shall be paid up to
a) 1 Year b) 2 Years
c) 3 Years d) No
limit Ans:b
75. 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
c) The MIS account closed after expiry of
three year 1% deduction will be made
. on the initial deposit
d) In
case of death of the depositor before maturity
account may be closed and deposit
refunded along with interest up to the month preceding the month in which refund made.
e) All
the above Ans:e
