Tuesday, 24 January 2017

Banking Questions Test-9 (MCQ)

                                      Banking Questions Test- 9

Q1. What is the minimum and maximum amount that can be deposited in the PPF account in a financial year?
  1. Rs 500 and Rs 60000
  2. Rs 1000 and Rs 70000
  3. Rs 500 and Rs 150000
  4. Rs 500 and Rs 100000

Q2.The lump sum amount received towards maturity proceeds of the PPF account is taxed at the rate of
  1. 10%
  2. 30%
  3. 11.25%
  4. No tax is levied

Q3. The period for which a PPF account can be opened is
a.    10 years
b.    15 years
c.    12 years
d.    From 5 to 25 years

Q4. Who can permit the premature closure of a PPF account?
  1. RBI
  2. Chairman of Bank concerned
  3. Ministry of Finance, Department of Economic Affairs
  4. Pension regulatory authority

Q5. The depositor of a PPF account has been missing for the last 10 years. How can the account be settled.
  1. As per sec 107 &108 of the Indian evidence act
  2. As per normal claim procedure
  3. As per Indian succession act
  4. Hindu law in case of Hindus

Q6. A depositor deposits his cheque/DD to the credit of his PPF account/Senior citizen account, or any postal deposit account. Which of the following will be considered as date of deposit?
  1. Date on which cheque is deposited
  2. Date on which cheque is realized
  3. Date on which cheque is sent for collection
  4. Date on which account is credited with the proceeds

Q7. What is tenure of Senior citizens saving scheme (SCSS)?
  1. 5 years, can be extendable by more 5 years
  2. 5 years, can be extendable by more 3 years
  3. 5 years, can be extendable by more 2 years
  4. 5 years, can be extendable by more 1 years

Q8. What is maximum amount of deposit in Senior citizens saving scheme
  1. Rs 5 lakh
  2. Rs 10 lakh
  3. Rs 15 lakh
  4. No limit

Q9. What is the minimum amount in Senior citizens saving scheme
  1. Rs 10
  2. Rs 100
  3. Rs 1000
  4. Rs 500

Q10. Under SCSS no tax deduction at source need to be made if the interest payment does not exceed Rs ……..

  1. 5000
  2. 10000
  3. 20000
  4. 7500
Answer-
1
2
3
4
5
6
7
8
9
10
c
d
B
c
a
b
b
c
c
A

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