MCQs On POSB Account, Multiple choice questions and answers (MCQs) on Post Office Savings Bank Account (POSB). India Post Website Banking and Remittances. SOP, Short Notes, PPT, PDF, Quiz,Online Test, Mock Test, Previous Questions and Answers, Solved Papers, Online Test.Useful for Postal Exams/LDCE IPO Exam/PS Group B Exam/LGO Exams/GDS to Postman/MTS/Mail Gaurd/PA/SA Exams in postal department.
1. Which one of the following statement is correct regarding Post Office Savings Bank (POSB) Account?
A In case of death of a Joint holder, the surviving holder will be the sole holder, if surviving holder already has single account in his/her name, Joint account can be continued
B Nomination is not mandatory at the time of opening of account
C Conversion of single to joint account or vice versa is not allowed
D Minor after attaining majority has not need to submit fresh account opening form and KYC documents of his/her name at concerned Post Office for conversion of the in his/her name
2. At the time of closure of SB account, interest will be paid up to __________ account is closed
A Tenth day of the month in which
B The day in which
C The end of the month in which
D The preceding month in which
3. What is the minimum amount required for opening post office savings bank (POSB) account?
A Rupees Thousand
B Rupees Fifty
C Rupees Hundred
D Rupees Five Hundred
4. Which of the below mentioned statement is False in respect of SB account may be opened by
A Joint account with maximum four adults
B A single adult
C Minor above 10 years of age
D A Guardian on behalf of a minor/ person of unsound mind
5. Post office savings bank account can be opened by
A Cheque/Cash/Electronic Transfer
B Withdrawal form/Cheque/Cash
C Cheque/Cash
D Cash Only
6. What is the fee for non-maintenance of minimum balance in post office savings bank account?
A Rupees 500
B Rupees 50
C Rupees 100
D Rupees 00
7. If balance becomes Nil in the Account than what will happen to post office savings bank account?
A Freezed
B Closed
C Inactive
D Silent
8. Interest earned is Tax Free up to INR ________ per year from financial year 2012-13 in POSB
A 1,00,000
B 50,000
C 25,000
D 10,000
9. At least one transaction of deposit or withdrawal in _______ financial years is necessary to keep the account active, else account became silent (Dorment).
A One
B Two
C Three
D Four
10. POSB Net banking/Mobile Banking facility is_______Operable
A Inter
B Intra
C Both
D None of these
