General Knowledge Questions on Indian Culture & Freedom struggle 1.

MCQs on GSPR 2018 for Postal Department Savings Bank
Prepared By Com. Nitin Ghuguskar, Divisional Secretary AIPEU Gr C Nagpur City Division

1)What is the mandatory requirement for withdrawing or closing an account under GSPR 2018?
A) Presentation of Aadhaar card
B) Presentation of Passbook
C) Submission of PAN card
D) Biometric verification
Answer: B
Explanation: As per GSPR 2018, the presentation of the passbook is mandatory while making withdrawals and closures.

2)Who can open a joint account with an illiterate, blind, or visually challenged depositor under GSPR 2018?
A) Another illiterate person
B) A literate depositor
C) A minor
D) A non-resident Indian
Answer: B
Explanation: GSPR 2018 allows an illiterate, blind, or visually challenged person to open a joint account with a literate depositor.

3)Is nomination mandatory for all types of accounts under GSPR 2018?
A) No, it is optional
B) Yes, it is mandatory
C) Only for single accounts
D) Only for joint accounts
Answer: B
Explanation: Nomination is mandatory for all types of accounts under GSPR 2018.

4)What is the fee for canceling or changing an existing nomination under GSPR 2018?

A) Rs. 10 + GST
B) Rs. 50 + GST
C) Rs. 100 + GST
D) No fee
Answer: B
Explanation: A fee of Rs. 50 + GST is charged for canceling or changing an existing nomination.

5)How many cheque leaves are provided free of charge in a calendar year under GSPR 2018?
A) 5
B) 10
C) 15
D) 20
Answer: B
Explanation: Up to 10 cheque leaves are provided free in a calendar year; thereafter, Rs. 2 per cheque leaf is charged.

6)What is the minimum balance required for a Post Office Savings Account with cheque facility under GSPR 2018?
A) Rs. 50
B) Rs. 100
C) Rs. 500
D) Rs. 1000
Answer: C
Explanation: A minimum balance of Rs. 500 is required for a savings account with cheque facility.

7)Can a single account be converted into a joint account under GSPR 2018?
A) Yes, with approval
B) No, it is not allowed
C) Only with court orders
D) Only for minors
Answer: B
Explanation: As per Rule 8 of GSPR 2018, a single account cannot be converted into a joint account or vice versa.

8)What is the maximum number of nominees allowed for a Post Office Savings Account under GSPR 2018?
A) 1
B) 2
C) 3
D) 4
Answer: D
Explanation: An account holder can nominate up to a maximum of 4 individuals.

9)What is the fee for transferring a Post Office Savings Account from one post office to another under GSPR 2018?
A) Rs. 10
B) Rs. 50
C) Rs. 100
D) No fee in certain cases
Answer: D
Explanation: Transfer is allowed on payment of a prescribed fee, but it is free in certain cases as per Rule 42(1).

10)What is the maintenance charge for not maintaining a minimum balance of Rs. 500 in a savings account?
A) Rs. 50 + GST
B) Rs. 100 + GST
C) Rs. 150 + GST
D) No charge
Answer: B
Explanation: Rs. 100 + GST is deducted annually if the minimum balance of Rs. 500 is not maintained.

11)Operational Procedures Where should an application for account transfer be sent if submitted at a non-home SOL post office?
A) To the regional office
B) To the home SOL HO
C) To the circle office
D) To the SBCO
Answer: B
Explanation: Applications submitted at other HOs or SOs must be sent to the home SOL HO for processing, along with AOF and KYC documents to SBCO.

12)What is the procedure for payment of interest and maturity value under GSPR 2018?
A) Only through cash
B) Through ECS outward credit in Finacle
C) Only by cheque
D) Only to the nominee
Answer: B
Explanation: Payment of interest and maturity value for schemes like MIS, SCSS, TD, RD, KVP, and NSC is implemented through ECS outward credit in Finacle.

13)Can investments be made through a withdrawal form under the SAS/MPKBY agency system for SB schemes?
A) Yes, without restrictions
B) No, it is not allowed
C) Only for cash up to Rs. 20,000
D) Only for reinvestment
Answer: B
Explanation: POs shall not allow investments through withdrawal forms under the SAS/MPKBY agency system for SB schemes.

14)Is reinvestment of maturity value through a withdrawal form allowed in the SAS agency system?
A) No, it is prohibited
B) Yes, it is allowed
C) Only for cash investments
D) Only for joint accounts
Answer: B
Explanation: Reinvestment of maturity value through a withdrawal form is permitted in the SAS agency system.

15)What is the cash investment limit in the SAS agency system under GSPR 2018?
A) Rs. 10,000
B) Rs. 20,000
C) Rs. 50,000
D) No limit
Answer: B
Explanation: Investment by cash is allowed up to Rs. 20,000 in the SAS agency system.

16)Can an illiterate depositor avail cheque facility under GSPR 2018?
A) Yes, independently
B) No, unless in a joint account with a literate depositor
C) Only with court approval
D) Only for minors
Answer: B
Explanation: An illiterate depositor can avail cheque facility only if they have a joint account with a literate depositor.

17)Who can operate a minor’s account under GSPR 2018?
A) Only the minor
B) Guardian or minor above 10 years
C) Only the guardian
D) Only the postmaster
Answer: B
Explanation: A minor’s account operated by a guardian can avail cheque facility.

19)Which accounts can be transferred under GSPR 2018, including in CBS offices?
A) Only SB and RD accounts
B) NSS 87 and NSS 92 accounts
C) Only PPF accounts
D) Only MIS accounts
Answer: B
Explanation: Transfer of NSS 87 and NSS 92 accounts is allowed in CBS offices at HOs.

20) Who is allowed to receive payments on behalf of a depositor under GSPR 2018?
A) Any family member
B) A messenger with Form-12 and KYC documents
C) Only the nominee
D) Only the postmaster
Answer: B
Explanation: A messenger is allowed for payment after submitting Form-12 along with KYC documents for senior citizens, the ill, or differently-abled, with “Authorization Accepted” remarks by SPM/APM.