Quiz for IOB Promotion Exam 2023-24 Jan 11, 2024Jan 13, 2024 MOCK TEST ON SMALL SAVINGS & GOVT SCHEMES Start QuizPage 1 of 36 With reference to PPF scheme, Which of the following is incorrect ? Only one account can be opened HUF are not eligible Non-Resident Indians (NRIs) are not eligible. Maximum age for opening an account is 18 Years Maximum maturity is 15 Years Page 2 of 36 Premature closure under PPF scheme is permitted for higher education and medical treatment after how many yrs. from the date of A/c opening. 3 Years 5 Years 7 Years 10 Years Not Permitted Page 3 of 36 What is the minimum and maximum amount that can be invested under PPF scheme per annum. Rs 100 & Rs 100000/- Rs 100 & Rs 150000/- Rs 500 & Rs 100000/- Rs 500 & Rs 150000/- Rs 250 & Rs 150000/- Page 4 of 36 What is minimum amount of deposit in PPF account in a financial year ? Rs 250/- Rs 500/- Rs 750/- Rs 1,000/- None of these Page 5 of 36 Sukanya Samrudhi account allows 50 percent of withdrawal at the age of ……. for higher education. 10 15 18 21 Withdrawal not permitted. Page 6 of 36 After what age parents cannot open a Sukanya Samriddhi account of a girl child? 1 Years 3 Years 7 Years 10 Years None of these Page 7 of 36 With reference to Sukanya Samrudhi Yojana, Which of the following is incorrect ? Minimum initial deposit is 250 Rupees The total amount deposited in an account shall not exceed 1,50,000/- Rupees in a financial year. Pre mature closure is permitted after 7 Years from the date of A/c opening under compassionate ground. Deposits may be made in the account till the completion of a period of 15 years from the date of opening of the account. No nomination is permitted in the account. Page 8 of 36 What is maximum maturity period of Sukanya Samrudhi Yojana ? 18 years 19 years 20 years 21 years None of these Page 9 of 36 How many accounts can be opened under SCSS by a senior citizen? Only 1 Only 2 Max 3 Any no. of accounts subject to deposit in all accounts shall not exceed max limit. None of the above Page 10 of 36 Every NPS subscriber is issued a 12 digit PRAN. What is the full form of PRAN? Personal Retirement Account Number Permanent Retirement Account Number Permanent Resident Account Number Permanent Registration Account Number None of these Page 11 of 36 Which of the following is true in case of partial withdrawal in NPS is concerned. Amount of withdrawal should not exceed 25 % of the contribution made minimum gap of 5 years is to be maintained between two withdrawals. Withdrawal is allowed for higher education , for marriage , for treatment of specified illness etc, on declaration basis. Maximum three withdrawals are allowed for the entire tenure All of these Page 12 of 36 which of the following is incorrect as per NPS tier II account Separate nomination facility for tier II No minimum balance required. Withdrawal of money at anytime Money can be moved to Tier I anytime. NRls are eligible to open Tier Il account None of these Page 13 of 36 In case of soverign gold bond scheme an individual can purchase maximum ……….kg of gold in a financial year. 4 Kg 5 Kg 1 Kg 500 gm None of the above Page 14 of 36 What is the minimum permissible size of investment in sovereign gold bond? 1 gm of gold 2 gm of gold 5 gm of gold 20 gm of gold None of these Page 15 of 36 Who among the following is the main targeted group of Atal Pension Yojana (APY)? Central Government Employees State Government Employees Government Employees having no statutory pension Workers from unorganised sector None of these Page 16 of 36 Minimum period of contribution by the subscriber under Atal Pension Yojana (APY) is 10 yrs 15 yrs 20 yrs 25 yrs None of the above Page 17 of 36 What is the additional amount for delayed payments per month for contribution beyond Rs 1001/- per month under Atal Pension Yojana (APY)? Rs.1/- Rs.2/- Rs.5/- Rs.10/- None of these Page 18 of 36 Under Atal Pension Yojana (APY), Central Government would co-contribute 50% of the total contribution or Rs._____ per annum, whichever is lower, to eligible subscribers? Rs.500/- Rs.250/- Rs.1000/- Rs.100 Page 19 of 36 Which among the following is/are correct with regard to additional amount for delayed payments under Atal Pension Yojana (APY)? Rs. 1 per month for contribution upto Rs. 100 per month Rs. 2 per month for contribution upto Rs. 101 to 500/- per month Rs. 5 per month for contribution between Rs 501/- to 1000/- per month All are correct None of these Page 20 of 36 What is the maximum age of joining APY [Atal Pension Yojana]? 40 years 45 years 50 years 55 years None of the above Page 21 of 36 Discontinuation of payments of contribution amount for a continuous period of __ months will lead to Atal Pension Yojana account getting deactivated 3 months 6 months 12 months 24 months None of the above Page 22 of 36 Discontinuation of payments of contribution amount for a continuous period of ____ months will lead to Atal Pension Yojana account getting closed? 3 Months 6Months 12 Months 24 Months NOA Page 23 of 36 The minimum age of joining Atal Pension Yojna (APY) is 18 years 20 years 25 years 40 years NOA Page 24 of 36 The age of exit and start of pension under Atal Pension Yojana (APY) would be 40 years 55 years 60 years 65 years NOA Page 25 of 36 What is the premium per annum that is to be paid under PMSBY? 20 100 300 330 436 Page 26 of 36 Maximum entry age for Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is ? 45 50 55 60 65 Page 27 of 36 What is the premium per annum that is to be paid under PMJJBY? Rs 12 Rs 100 Rs 180 Rs 300 Rs 436 Page 28 of 36 What is the termination period of PMJJBY? When a person attains 50 years of age. When a person attains 55 years of age. When a person attains 60 years of age. When a person attains 65 years of age. None of the above Page 29 of 36 What is the death benefit under PMJJBY ? Rs 50,000/- Rs 1,00,000/- Rs 2,00,000/- Rs 2,50,000/- None of these Page 30 of 36 What is the minimum & maximum age at which a person can enroll in PMJJBY? 18-50 18-40 18-70 18-60 None of these Page 31 of 36 What is the benefit under PMJJBY for loss /disability for both the organs (either both hands/legs ,eye) ? Rs 50,000/- Rs 1,00,000/- Rs 1,50,000/- Rs 2,00,000/- None of the above Page 32 of 36 Minimum and maximum investment limit in Mahila Samman Saving Certificate Min: Rs.100 , Max 1,00,000/- Min: Rs.100 , Max 2,00,000/- Min: Rs.1000 , Max 1,00,000/- Min: Rs.1000 , Max 2,00,000/- Page 33 of 36 How many accounts can a beneficiary open? 1 account with maximum amount only 2 account ,account can be open any time any number of accounts with a gap of 3 months None of the above Page 34 of 36 what is the tenor of deposit for Mahila Samman Saving Certificate? 1 year 2 years 5 years 10 years Page 35 of 36 what is the rate of interest on deposit under Mahila Samman Saving Certificate? 7.10 p.a 7.50 p.a 8.20 p.a NOA Page 36 of 36 which option is correct regarding, premature closure or withdrawal in Mahila Samman Saving Certificate? Maximum of 40 % of eligible balance after expiry of one year in case of death of depositor or some excigencies ,principal amount with interest to be paid Premature closure is permitted any time after completion of six months from date of account opening with interest rate less by 2 % as specified in the scheme. All are correct SUBMIT
