Questions & Answers on the topic of Savings Bank & GSPR 2018 -5
Compiled by Com A.Kesavan, AGS, AIPEU Group C & Head Tutor
Compiled by Com A.Kesavan, AGS, AIPEU Group C & Head Tutor
81. Up to what age can a guardian open a Sukanya Samriddhi Account in the name of a girl child?
A) Till she attains 7 years B) Till she attains 10 years C) Till she attains 12 years D) Till she attains 18 years
Answer: B) Only from the date of birth to till she attains 10 years
82. How many Sukanya Samriddhi Accounts can a guardian open for girl children in one family?
A) One B) Maximum for 2 girl children C) Three D) No limit
Answer: B) maximum for 2 girl children
83. What is the minimum annual deposit required in a Sukanya Samriddhi Account?
A) Rs. 100 B) Rs. 250 C) Rs. 500 D) Rs. 1,000
Answer: B) Rs. 250/-
84. What is the maximum annual deposit allowed in a Sukanya Samriddhi Account?
A) Rs. 50,000 B) Rs. 1,00,000 C) Rs. 1,50,000 D) No limit
Answer: C) Rs 1,50,000/-
85. What is the penalty for default in a Sukanya Samriddhi Account?
A) Rs. 20 B) Rs. 50 C) Rs. 100 D) Account discontinued
Answer: B) Rs 50/- along with minimum deposit (Rs.250/-)
86. Up to how many years from the date of opening are deposits allowed in a Sukanya Samriddhi Account?
A) 10 years B) 14 years C) 15 years D) 21 years
Answer: C) 15 years
87. For higher education withdrawal from SSA, what is the maximum limit?
A) 25% of balance held at the end of the preceding FY B) 50% of balance held at the end of the preceding FY C) 75% of balance held at the end of the preceding FY D) 100% of balance held at the end of the preceding FY
Answer: B) 50% of balance held at the end of the preceding F Y of date of application.
88. When can a Sukanya Samriddhi Account be prematurely closed on compassionate grounds?
A) After 1 year B) After 3 years C) After 5 years D) Any time
Answer: C) after 5 years
89. When can a Sukanya Samriddhi Account be closed due to the marriage of the girl?
A) After 18 years of age, not before one month from the intended marriage or 3 months from the date of marriage. B) After 18 years of age, only after marriage. C) Any time before marriage if marriage proof is provided. D) Only at maturity.
Answer: A) The account can be closed before 21 years if the reason for closure is marriage of the girl. The account will not be closed before one month from the intended marriage or 3 months from the date of marriage. '
90. What is the maximum deposit limit for the Mahila Samman Savings Certificate (MSSC)?
A) Rs. 1,00,000 B) Rs. 2,00,000 C) Rs. 5,00,000 D) No limit
Answer: B) Rs.2,00,000 '
91. What is the time gap that should be followed between opening an existing MSSC account and another MSSC account?
A) 1 month B) 2 months C) 3 months D) 6 months
Answer: C) 3 months
92. What is the current rate of interest for the Mahila Samman Savings Certificate (MSSC)?
A) 7.1% B) 7.5% C) 8.2% D) 8.5%
Answer: B) 7.5 %
93. What is the maximum percentage of withdrawal allowed from a Mahila Samman Savings Certificate (MSSC) account?
A) 25% B) 40% C) 50% D) 60%
Answer: B) Upto a maximum of 40%.
94. Till what date will the Mahila Samman Savings Certificate (MSSC) scheme be available?
A) March 31, 2024 B) March 31, 2025 C) December 31, 2025 D) December 31, 2024
Answer: B) upto 31.03.2025.
95. For MSSC, what is the reduced ROI for premature closure after completion of 6 months?
A) 5.5% B) 6.0% C) 6.5% D) 7.5%
Answer: A) 5.5%
96. Is the interest earned from the Mahila Samman Savings Certificate taxable?
A) Yes B) No C) Only if it exceeds Rs. 10,000 D) Only for non-senior citizens
Answer: A) Yes
97. What is the current maturity period for Kisan Vikas Patras (KVP)?
A) 112 Months B) 115 Months C) 120 Months D) 124 Months
Answer: B) 115 Months
98. What is the current rate of interest for Kisan Vikas Patras (KVP) per annum?
A) 7.1% B) 7.5% C) 7.7% D) 8.2%
Answer: B) 7.5 %
99. What is the lock-up period for Kisan Vikas Patras (KVP)?
A) 1 year B) 2 years C) 2 years 6 months D) 5 years
Answer: C) 2 years 6 months
100. What is the current rate of interest for 5-Year National Savings Certificates – VIII Issue?
A) 7.1% B) 7.5% C) 7.7% D) 8.2%
Answer: C) 7.7%
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