Staff Rulings - 122 - Family Pension

 IP Exam Daily Spark: Day 25
Objective Questions for Inspector Posts Departmental Exam
Government Savings Promotion Act, 1873.

81. Which of the following is not included in the matters for which the Central Government may make rules? 

a. The form of nominations. b. The fees that may be levied for services. c. The establishment of a new Central Government department. d. The mode of making deposits, such as electronic.

82. In case of a deceased depositor, if the deposit does not exceed the prescribed limit, the Authorised Officer may pay the same to whom? 

a. The legal heirs only. b. Any person appearing to him to be entitled to receive it or to administer the estate. c. The Central Government. d. A court-appointed receiver.

83. Who is not a "Government Savings Bank" as per the Act?

 a. A Post Office Savings Bank. b. A banking company specified by the Central Government. c. A private commercial bank. d. State Bank of India.

84. What is the purpose of Section 10? 

a. To provide for the payment of deposits to minors or their guardians. b. To define the term "minor". c. To list the Savings Schemes. d. To regulate interest rates for minors.

85. Which of the following statements is true regarding a depositor who suffers from physical infirmity, including blindness? 

a. They must open a joint account. b. They must operate their account through a family member. c. They may operate and make a deposit through any literate individual whom they authorise. d. They are not permitted to open a savings account.

86. What is the function of the Adjudicating Authorities?

 a. To provide a list of existing and discontinued savings schemes. b. To decide if a depositor is a minor. c. To provide for the repeal of the Government Savings Certificates Act, 1959. d. This is a term from another Act and is not defined in the Government Savings Promotion Act, 1873.

87. A person who is not the originator but on whose behalf the record is sent is a "service provider" as per the Act.

 a. True b. False

88. The Central Government may, by notification in the Official Gazette, include or omit or amend Savings Schemes in the Schedule. This power is found in:

 a. Sub-section (1) of Section 3A. b. Sub-section (2) of Section 3A. c. Section 15. d. Section 16.

89. A police officer not below the rank of Inspector shall investigate any offence under the IT Act, 2000. This is stated in which section? 

a. Section 77B. b. Section 78. c. Section 80. d. Section 84.

90. The term "executor" is defined as an executor as defined in clause (c) of section 2 of which Act?

 a. The Indian Succession Act, 1925. b. The Indian Trusts Act, 1882. c. The Indian Majority Act, 1875. d. The Indian Penal Code, 1860.

91. What is the legal status of an act done in "good faith" by an Authorised Officer or any other officer of the Central Government under this Act?

 a. They are liable for any damages caused. b. No suit or legal proceeding shall lie against them. c. They can be prosecuted for negligence. d. The Act provides no protection for such actions.

92. The repeal of certain acts by this Act shall not prejudicially affect the interest of depositors who made deposits or were issued certificates before the commencement of Part I of Chapter VIII of the Finance Act, 2018. This is provided for in which section?

 a. Section 15. b. Section 16(2). c. Section 16(3). d. Section 14A.

93. The Central Government may make rules to provide for the fees that may be levied for the discharge of any services under the Act.

 a. True b. False

94. Who is considered a "depositor" according to the Act? 

a. An individual who holds a passbook. b. An individual by whom, or on whose behalf, money has been deposited in a Government Savings Bank. c. Any person who receives a deposit. d. A person who is not a minor.

95. The Central Government is empowered to make rules to provide for the benchmark for interest rates on deposits with a view to ensure what? 

a. Market competitiveness. b. Financial sustainability of Savings Schemes. c. High returns for depositors. d. Economic growth.

96. How is an unpaid penalty or compensation recovered under the Act?

 a. The Act does not specify. b. As a civil debt. c. As an arrear of land revenue. d. By attaching the person's movable property.

97. The Act defines "minor" as a person who has not attained the age of majority under which Act? 

a. The Indian Contract Act, 1872. b. The Indian Majority Act, 1875. c. The Indian Succession Act, 1925. d. The Guardians and Wards Act, 1890.

98. The provisions of this Act apply to any offence or contravention committed outside of India. What is the condition for this to apply? 

a. The person must be an Indian citizen. b. The person is an Indian citizen, and the act involves a computer, computer system, or computer network located in India. c. The Act applies to any offence or contravention thereunder committed outside India by any person. d. The Act only applies within the territory of India.

99. What is the purpose of Section 16, "Repeal and savings"? 

a. To repeal the Government Savings Certificates Act, 1959 and the Public Provident Fund Act, 1968. b. To provide a list of repealed and saving acts. c. To amend the Government Savings Certificates Act, 1959. d. To provide a list of new Savings Schemes.

100. The Act states that where the amount of the deposit belonging to the estate of a deceased depositor does not exceed the prescribed limit, such amount shall be excluded in computing the fee chargeable under which Act? 

a. The Indian Succession Act, 1925. b. The Court-Fees Act, 1870. c. The Indian Stamp Act, 1899. d. The Banking Regulation Act, 1949.

Answer Keys 
81. c. The establishment of a new Central Government department.
82. b. Any person appearing to him to be entitled to receive it or to administer the estate.
83. c. A private commercial bank.
84. a. To provide for the payment of deposits to minors or their guardians.
85. c. They may operate and make a deposit through any literate individual whom they authorise.
86. d. This is a term from another Act and is not defined in the Government Savings Promotion Act, 1873.
87. b. False.
88. b. Sub-section (2) of Section 3A.
89. b. Section 78.
90. a. The Indian Succession Act, 1925.
91. b. No suit or legal proceeding shall lie against them.
92. c. Section 16(3).
93. a. True.
94. b. An individual by whom, or on whose behalf, money has been deposited in a Government Savings Bank.
95. b. Financial sustainability of Savings Schemes.
96. c. As an arrear of land revenue.
97. b. The Indian Majority Act, 1875.
98. c. The Act applies to any offence or contravention thereunder committed outside India by any person.
99. a. To repeal the Government Savings Certificates Act, 1959 and the Public Provident Fund Act, 1968.
100. b. The Court-Fees Act, 1870.