104. Whether LSG seniority fixed based on the date of joining??

 POST OFFICE REGULATIONS – 2024 -7

Chapter VII: Money Remittance Services
1. Question: What is "Money Order" service? 
a) A service for sending parcels. b) A service for transmitting money from one place to another through the Post Office network. c) A service for online banking. d) A service for foreign exchange. 
Answer: b) A service for transmitting money from one place to another through the Post Office network. (Refer to Regulation 78)

2. Question: What is the maximum amount for which a single Money Order can be issued? 
a) Rs. 10,000 b) Rs. 20,000 c) Rs. 50,000 d) Rs. 1,00,000 
Answer: c) Rs. 50,000 (Refer to Regulation 78)

3. Question: How is commission charged on a Money Order?
 a) A fixed fee per Money Order. b) Based on every twenty rupees or part thereof of the amount. c) Based on the distance of transmission. d) As a percentage of the total amount. 
Answer: b) Based on every twenty rupees or part thereof of the amount. (Refer to SCHEDULE V, TABLE I - on page 101, which is outside the range 30-40..)

4. Question: What is the "e-Money Order" service? 
a) A money order sent via email. b) An electronic transmission of money orders that can be delivered to the addressee. c) A service for online bill payments. d) A digital currency service. 
Answer: b) An electronic transmission of money orders that can be delivered to the addressee. (Refer to Regulation 79)

5. Question: What does "Instant Money Order" (IMO) service allow? 
a) Sending money overseas instantly. b) Remittance of money from designated Post Offices to beneficiaries in India instantly. c) Only cashless transactions. d) Receiving international remittances. Answer: b) Remittance of money from designated Post Offices to beneficiaries in India instantly. (Refer to Regulation 80)

6. Question: What is the minimum amount for which an Instant Money Order (IMO) can be issued? a) Rs. 100 b) Rs. 1,000 c) Rs. 5,000 d) Rs. 10,000 

Answer: b) Rs. 1,000 (Refer to Regulation 80)

7. Question: What is the maximum amount for which an Instant Money Order (IMO) can be issued?

a) Rs. 10,000 b) Rs. 20,000 c) Rs. 50,000 d) Rs. 1,00,000 

Answer: c) Rs. 50,000 (Refer to Regulation 80)

8. Question: How is an Instant Money Order (IMO) delivered to the payee?

 a) It is delivered to their home address. b) It can be encashed by the payee at any designated Post Office immediately on demand. c) It is transferred directly to their bank account. d) It is sent via courier service. 

Answer: b) It can be encashed by the payee at any designated Post Office immediately on demand. (Refer to Regulation 80)

9. Question: What is "International Money Transfer Service" (IMTS)? 

a) A service for transferring money between post offices in India. b) A service that enables instant international money transfers from abroad to India. c) A service for international parcel delivery. d) A service for sending money overseas from India. 

Answer: b) A service that enables instant international money transfers from abroad to India. (Refer to Regulation 81)

10. Question: Is the "International Money Transfer Service" (IMTS) a two-way service (inbound and outbound)? 

a) Yes, for all countries. b) No, it's currently only an inbound service for recipients in India. c) Only for outbound transfers. d) It depends on the specific country. 

Answer: b) No, it's currently only an inbound service for recipients in India. (Refer to Regulation 81)

11. Question: What is "Post Office Savings Bank"? 

a) A commercial bank operated by the Post Office. b) A banking service offered by the Post Office for small savings and financial inclusion. c) A service for large corporate loans. d) A service for international investments. 

Answer: b) A banking service offered by the Post Office for small savings and financial inclusion. (Refer to Regulation 82)

12. Question: Which of the following is NOT a type of account typically offered by Post Office Savings Bank? 

a) Savings Account b) Recurring Deposit Account c) Current Account d) Public Provident Fund Account 

Answer: c) Current Account (Refer to Regulation 83 - Types of Accounts)

13. Question: What is "India Post Payments Bank" (IPPB)? 

) A traditional commercial bank. b) A bank established to further financial inclusion, leveraging the Post Office network. c) A private sector bank. d) An international investment bank. 

Answer: b) A bank established to further financial inclusion, leveraging the Post Office network. (Refer to Regulation 84)

14. Question: Is "India Post Payments Bank" (IPPB) permitted to issue loans? 

a) Yes, for all purposes. b) Yes, only personal loans. c) No, it focuses on deposits and payments, not loans directly. d) Only for agricultural loans. 

Answer: c) No, it focuses on deposits and payments, not loans directly. (Refer to Regulation 84 - "It will focus on providing current and savings accounts, money transfers, direct benefit transfers, bill and utility payments and other financial services.")

15. Question: What is the primary objective of "India Post Payments Bank" (IPPB)? 

a) Maximizing profits. b) Promoting financial inclusion, especially for the unbanked and underbanked. c) Competing with private banks. d) Providing services only to government employees. 

Answer: b) Promoting financial inclusion, especially for the unbanked and underbanked. (Refer to Regulation 84 - "aims to further financial inclusion...")
Chapter VIII: Philatelic Services (Continued - checking for new services/details within 30-40)

16. Question: What is the "Philatelic Deposit Account" service? 

a) An account for saving money to buy stamps in the future. b) A service allowing philatelists to receive new stamp issues automatically by maintaining an advance deposit. c) A service for investing in rare stamps. d) An account for stamp designers. 

Answer: b) A service allowing philatelists to receive new stamp issues automatically by maintaining an advance deposit. (Refer to Regulation 85)

17. Question: What is the minimum initial deposit required to open a Philatelic Deposit Account?

 a) Rs. 100 b) Rs. 200 c) Rs. 500 d) Rs. 1,000 

Answer: c) Rs. 500 (Refer to Regulation 85)

18. Question: Is it mandatory for a Philatelic Deposit Account holder to purchase all new issues of stamps?

 a) Yes, always. b) No, they can specify types of issues they wish to receive. c) Only commemorative stamps. d) Only definitive stamps. 

Answer: b) No, they can specify types of issues they wish to receive. (Refer to Regulation 86)

19. Question: How frequently are statements of account for Philatelic Deposit Accounts issued?

 a) Monthly b) Quarterly c) Half-yearly d) Annually 

Answer: c) Half-yearly (Refer to Regulation 87)
Chapter IX: Other Services

20. Question: What is "Post Office Passport Seva Kendra" (POPSK)? 

a) A dedicated passport office. b) A joint initiative of the Ministry of External Affairs and the Department of Posts to provide passport services. c) A private agency for passport applications. d) A service for visa applications. 

Answer: b) A joint initiative of the Ministry of External Affairs and the Department of Posts to provide passport services. (Refer to Regulation 88)

21. Question: What services are offered at a Post Office Passport Seva Kendra (POPSK)? 

a) Only passport printing. b) Application submission, police verification scheduling, and final passport dispatch. c) Only visa application processing. d) Only passport photo services. 

Answer: b) Application submission, police verification scheduling, and final passport dispatch. (Refer to Regulation 88)

22. Question: What is the "Common Service Centre" (CSC) service? 

a) A service for government employees only. b) A network of access points for delivery of essential public utility services, social welfare schemes, and financial services. c) A service for online entertainment. d) A service for international trade. 

Answer: b) A network of access points for delivery of essential public utility services, social welfare schemes, and financial services. (Refer to Regulation 89)

23. Question: Can citizens access services like online bill payment or railway ticket booking through Common Service Centres (CSCs) at Post Offices? 

a) No, only postal services. b) Yes. c) Only railway ticket booking. d) Only online bill payment. Answer: b) Yes. (Refer to Regulation 89)

24. Question: What is "Retail Post" service?

 a) A service exclusively for large corporations. b) A service leveraging the Post Office network to provide third-party products and services. c) A service for direct selling of postal products. d) A service for international retail. 

Answer: b) A service leveraging the Post Office network to provide third-party products and services. (Refer to Regulation 90)

25. Question: Which of the following is NOT an example of a service provided under "Retail Post"?

 a) Collection of electricity bills. b) Sale of application forms for various examinations. c) Sale of financial products of other banks. d) Distribution of goods directly from manufacturers to consumers. Answer: c) Sale of financial products of other banks. (Refer to Regulation 90 - 

26. Question: What is "Philatelic Bureau" service? 

a) A branch of the Post Office that sells only foreign stamps. b) A specialized Post Office branch that caters to the needs of philatelists and promotes philately. c) A department for stamp design. d) A service for stamp valuation. 

Answer: b) A specialized Post Office branch that caters to the needs of philatelists and promotes philately. (Refer to Regulation 91)

27. Question: What is "Cremation of unclaimed/undeliverable articles" as a service? 

a) A service for burning personal documents. b) A process for the disposal of unclaimed or undeliverable postal articles as per prescribed rules. c) A ritual performed by the Post Office. d) A service for disposing of hazardous materials. 

Answer: b) A process for the disposal of unclaimed or undeliverable postal articles as per prescribed rules. (Refer to Regulation 92)

28. Question: What is "Certificate of Posting" service? 

a) A certificate confirming the content of a parcel. b) A certificate issued to the sender as proof that an unregistered postal article was posted on a specific date. c) A certificate of delivery for registered mail. d) A certificate of insurance. 

Answer: b) A certificate issued to the sender as proof that an unregistered postal article was posted on a specific date. (Refer to Regulation 93)

29. Question: Is "Certificate of Posting" available for registered articles?

 a) Yes, always. b) No, it is generally for unregistered articles. c) Only for international registered articles. d) Only for insured articles. 

Answer: b) No, it is generally for unregistered articles. (Refer to Regulation 93 - "a certificate as proof that an unregistered postal article was posted...")

30. Question: What is the fee for a "Certificate of Posting" for up to 3 articles? 

a) Rs. 1 b) Rs. 2 c) Rs. 3 d) Rs. 5 

Answer: b) Rs. 2 (Refer to SCHEDULE III, TABLE VII - on page 30)