WorksheetsGOVERNMENT BUSINESS
Total questions: 39
Worksheet time: 39mins
Name
Class
Date
1.
Which of the following isn’t a Bank’s initiative under government business
a)
FXOut
b)
GSTN
c)
BKV (Bharat Ke Veer) Portal
d)
GeM (Govt. e-Marketplace)
2.
Settlement of central/state Govt. transactions with RBI if dealing /Focal point branches are at the same centre
a)
T+3 days
b)
T+5 days
c)
T+1 day
d)
None of these
3.
Commission on Govt. Business on receipts
a)
Rs. 50/-
b)
Rs. 45/-
c)
Rs. 65/-
d)
None of these
4.
Commission on Govt. Business on Pension payment
a)
Rs. 50/-
b)
Rs. 45/-
c)
Rs. 65/-
d)
None of these
5.
Commission on Govt. Business on e- receipts
a)
Rs. 50/-
b)
Rs. 10/-
c)
Rs. 12/-
d)
None of these
6.
Sharing of commission between dealing branch and link branch
a)
In a ratio of 75 to 25
b)
25:75
c)
Fifty Fifty
d)
None of these
7.
Commuted portion of pension can be restored
a)
after 25 years from the date of communication
b)
after 50 years from the date of communication
c)
after 15 years from the date of communication
d)
None of these
8.
ITRO is a
a)
Negotiable Instrument
b)
Quasi Negotiable Instrument
c)
Bill of exchange
d)
None of these
9.
ITRO credited through ECS
a)
Rs. 50,000/-
b)
upto Rs.25,000/-
c)
Rs.15,000/-
d)
None of these
10.
Validity of ITRO is
a)
3 months
b)
6 months
c)
9 months
d)
None of these
11.
CIN under OLTAS stands for
a)
Challan Identification Number
b)
Challan Identity Number
c)
Challan Identifiable Number
d)
None of these
12.
Bank-RBI relationship for conducting Govt. business
a)
Agent –Principal
b)
Principal- Agent
c)
Agent –Sub Agent
d)
None of these
13.
The validity period of a bill passed by TO
a)
5 days
b)
10 days
c)
15 days
d)
None of these
e)
s
14.
GST is PAN based -- digit number
a)
12
b)
10
c)
15
d)
None of these
15.
SBI conducts Govt. Business as per
a)
Sec 45 of RBI Act
b)
Sec 35 of RBI Act
c)
Sec 42 of RBI Act
d)
None of these
16.
Maximum deposit allowed in PPF account in a year
a)
Rs.100000/-
b)
Rs.150000/-
c)
Rs.50000/-
d)
Rs.200000/-
17.
No of nominees allowed in PPF and SCSS2004 Deposit schemes
a)
1
b)
2
c)
More than one
d)
3
18.
What is the periodicity of PPF account
a)
10 years
b)
15 years
c)
20 years
d)
None of these
19.
Withdrawal is allowed in PPF account after
a)
5 Years
b)
6 Years
c)
3 Years
d)
none of these
20.
Prsesent Rate of interest for PPF
a)
0.076
b)
0.088
c)
0.0875
d)
None of these
21.
Quantum of loan available in PPF account
a)
25% of the balance preceding 2 years
b)
50% of the balance preceding 4 years
c)
25% of the balance preceding 3 years
d)
None of these
22.
Rate of interest for PPF Loan
a)
0.02
b)
0.01
c)
0.03
d)
None of these
23.
PPF account can be extended for
a)
5 years
b)
10 years
c)
15 years
d)
5 years –any number of times
24.
Quantum of withdrawal in PPF account
a)
50% of the balance preceding 4 years
b)
25% of the balance preceding 2 years
c)
50% of the balance preceding 3 years
d)
None of these
25.
Penalty for not depositing Minimum deposit in PPF in a year.
a)
Rs. 50 / per year
b)
Rs. 50/
c)
Rs.100/
d)
None of these
26.
Maximum deposit allowed in SCSS 2004
a)
No Limit
b)
Rs.200000/
c)
Rs.1500000/
d)
Rs.150000/
27.
Rate of interest for SCSS 2004
a)
0.09
b)
0.08
c)
0.083
d)
0.093
28.
Interest on SCSS 2004 is paid at
a)
Monthly intervals
b)
Quarterly intervals
c)
Yearly
d)
None of these
29.
Periodicity of SCSS 2004
a)
5 years
b)
3 years
c)
10 years
d)
8 years
30.
SCSS 2004 can be extended for
a)
3 years
b)
5 years
c)
8 years
d)
One extension for 3 years
31.
Penalty for premature closure of SCSS 2004
a)
1.5 % after 1 year and 1% after 2 years
b)
2.5% after 1 year and 2% after 2 years
c)
No premature closure
d)
None of these
32.
Funds settlement in respect of State Govt. Transactions is done by
a)
FSLO
b)
FPLB
c)
BOD LHO
d)
None of these
33.
OLTAS means
a)
Collection of Income Tax, Corporation Tax, Gift Tax & Wealth Tax
b)
Collection of Income Tax
c)
Collection of Excise
d)
None of these
34.
EASIEST means
a)
Electronic Accounting System in Excise and Service Tax
b)
Electronic Accounting System in Excise
c)
Electronic Accounting System in Income Tax
d)
None of these
35.
Penal interest for delayed settlement of Govt Transactions (for amount above Rs 1 lac)
a)
Bank Rate + 2%
b)
Bank Rate + 3%
c)
Bank Rate + 4 %
d)
None of these
36.
GBSS means
a)
Govt. Business Software system
b)
Govt. Business Software Solution
c)
Govt. Business settlement system
d)
None of these
37.
Nodal office for Central Govt. Transactions
a)
GAD Navi Mumbai
b)
FSLO
c)
BOD LHO
d)
None of these
38.
After maturity of PPF and where the account is extended the withdrawal allowed during 16 th year
a)
50% of the balance preceding 4 years
b)
Maximum 60% of the balance as at the end of 15 th year
c)
Balance as at the end of 15 th year
d)
None of these.
39.
No of times of deposits that can be made in PPF account in a year
a)
12
b)
15
c)
10
d)
None of these
100 %
