Monday, 23 January 2017

Banking Questions Test-7 (MCQ)


                                       Banking Questions Test- 7

Q1.The commuted portion of the pension gets reinstated after a period of …….. years from the date of credit of the commuted value of pension to the pensioners account.
  1. 5
  2. 10
  3. 15
  4. 20

Q2Transfer of pension from one PSB to another PSB in the same centre will
  1. Once maximum in a year
  2. allowed only after permission from the Govt sponsored
  3. Not be allowed
  4. Be allowed only after permission from the pension sanctioning authority]

Q3 What is the rate of agency commission receivable by banks from Govt for receipts in Govt transactions?
  1. Rs 25
  2. Rs 45
  3. Rs 60
  4. Rs 75

Q4 which type of joint account can be opened in pension SB account?
  1. No joint account is allowed
  2. Only with spouse who is named as family pensioner
  3. Only with legal heirs
  4. Only spouse ,son or daughter

Q5 In case of excess payment of pension the excess payment is to be recovered from the future pension every month is ………..%of the pension amount
  1. 50
  2. 25
  3. 33.33
  4. 60

Q6. Which type of joint account can be opened with spouse in pension SB account?
  1. Only joint operation
  2. Either or survivor a/c
  3. Former or survivor a/c
  4. b or c

Q7 what are the benefits available under scheme PPF account?
  1. Income tax benefit under sec 80C
  2. Balance cannot be attached by court order
  3. The account can be extended by five years at a time after completion of 15 years
  4. All the above

Q8. How many accounts a person can open under PPF scheme?
  1. 1
  2. 2
  3. 3
  4. No limit

Q9. Whether Non residents can open account under PPF scheme?
  1. Yes
  2. No
  3. No such guidelines
  4. After 15th  July 2003 non residents are permitted to open account
Q10. All transactions relating to PPF by branches will be passed on to the credit of the account of GOI, through the … of the bank at Nagpur and also reports of PPF account is to be sent to them.

  1. Link cell of Nagpur
  2. Service branches of bank at Nagpur
  3. Through any branch
  4. None of above
Answer-
1
2
3
4
5
6
7
8
9
10
c
a
b
b
c
4
4
a
b
a

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