WorksheetsQuiz on GBM
Total questions: 68
Worksheet time: 36mins
Name
Class
Date
1.
Banks acts as agent of RBI for doing Govt. Business, which section permits same?
a)
Sec 22 BR Act 1949
b)
Sec 42 BR Act 1949
c)
Sec 35 RBI act 1934
d)
Sec 45 RBI act 1934
2.
Agency Banks would be eligible to claim agency commission for Pension Transaction at the rate of __ per transaction
a)
Rs.50.00
b)
Rs.80.00
c)
Rs.47.00
d)
Rs.90.00
3.
For APY Banks earn ___ as a commission & ___ as persistance allowance
a)
Rs.75.00 & Rs.50.00
b)
Rs.50.00 & Rs.25.00
c)
Rs.90.00 & Rs.45.00
d)
Rs.100.00 & Rs.50.00
4.
What commission Banks earn on NPS Subscriber registration ?
a)
Between Rs.100.00 to Rs.175.00
b)
Between Rs.75.00 to Rs.100.00
c)
Between Rs.200.00 to Rs.400.00
d)
Between Rs.50.00 to Rs.100.00
5.
What commission does Bank earn on physical receipt in case of PPF/SSA/E-KVP/SCSS?
a)
Rs.40.00 per transaction
b)
Rs.12.00 per transaction
c)
Rs.50.00 per transaction
d)
7 paisa per transaction
6.
What commission does Bank earn on SGB?
a)
0.10% on subscription amount
b)
0.75% on subscription amount
c)
0.50% on subscription amount
d)
1% on subscription amount
7.
Who is/are eligible to invest in SGB?
a)
HUF
b)
Trust
c)
Charitable Institutions
d)
Guardian on behalf of minor child
8.
What is maximum amount that can be invested in SGB by HUF & Trust?
a)
10 gm & 10 kg
b)
4 kg & 20 kg
c)
5 kg & 15 kg
d)
10 kg each
9.
Interest in SGB is paid at ___% on ____ basis
a)
No interest is paid in SGB
b)
1% & yearly
c)
2.5% & half yearly
d)
As per saving a/c rate & quarterly
10.
SGB will mature after ___ years & redemption is available after___years
a)
8 year & 5 year
b)
5 year & no redemption available
c)
after 5 years SGB matures & redemption after 1 year
d)
10 year & 2 years
11.
What is/are correct pertaining to MSSC?
a)
Min Deposit is Rs.1000.00
b)
In multiples of Rs.100.00
c)
Maximum deposit limit is Rs.2.00 Lakhs
d)
MSSC is for 2 years
12.
A gap of how many months is required between any MSSC A/c's?
a)
1 month
b)
2 month
c)
3 month
d)
6 month
13.
How many nominations are allowed in MSSC?
a)
Nominee can only be one
b)
Maximum 10 nominations are allowed
c)
Four nominations ara allowed
d)
two nominations are allowed
14.
How much can be withdrawn from MSSC A/c?
a)
Maximum 40% of balance after 1 year
b)
Maximum 75% of balance after 1 year
c)
All amount can be withdrawn from first day
d)
Withdrawal is not allowed in MSSC
15.
What is/are correct pertaining to premature closure of MSSC?
a)
closure permitted after 6 month of A/c opening
b)
Interest paid will be 2% less
c)
No penalty in interest to be levied if A/c is closed owing to life threatening disease/death
d)
premature closure allowed for death cases
16.
What is/are correct pertaining to SCSS eligiblity?
a)
55 years or more but less than 60 years
b)
Retired personnel of defence services - 50 years
c)
Both spouse can open joint A/c with each other individually with max deposit of Rs.30.00 Lakhs in each A/c
d)
A/c to be opened within 3 month from receipt of retirement benefits
17.
What is deposit criteria for SCSS?
a)
min deposit Rs.100.00 & multiples of Rs.100.00
b)
min deposit Rs.1000.00 & multiples of Rs.1000.00
c)
min deposit Rs.500.00 & multiples of Rs.100.00
d)
No min deposit criteria but in multiples of Rs.100.00
18.
Who is/are not eligible for SCSS A/c opening?
a)
NRI
b)
PIO
c)
HUF
d)
All are not eligible
19.
What penalty will be levied if SCSS is closed within 1 year of A/c opening?
a)
penalty will be levied at 1 %
b)
penalty will be levied at 0.5%
c)
No interest is to be paid
d)
penalty will be levied at 1.5%
20.
What penalty will be levied if SCSS is closed after 2 years upto 5 years of A/c opening?
a)
penalty will be levied at 1 %
b)
penalty will be levied at 0.5%
c)
No interest is to be paid
d)
penalty will be levied at 1.5%
21.
SCSS A/c can be extended for ____years after period 5 years within 1 year from date of maturity for _____number of times
a)
5 & only 1 time
b)
3 & any no of times
c)
3 & maximum 5 times
d)
5 & maximum 3 times
22.
What is min deposit required for SSA?
a)
min Rs.250.00 & in multiples of Rs.50.00
b)
min Rs.500.00 & in multiples of Rs.50.00
c)
min Rs.500.00 & in multiples of Rs.100.00
d)
min Rs.1000.00 & in multiples of Rs.100.00
23.
What is deposit period for SSA?
a)
till completion of 14 years from date of A/c opening
b)
till completion of 18 years from date of A/c opening
c)
till completion of 21 years from date of A/c opening
d)
till completion of 15 years from date of A/c opening
24.
Is there any provision for premature closure of SSA?
a)
No provision for premarue closure
b)
A/c can be closed before maturity after attaining 18 years of age
c)
A/c can closed after 5 years for extreme compassionate ground reason
d)
A/c can be closed before maturity after attaining 21 years of age
25.
In case of SSA Partial withdrawal of upto 50% of the amount at the end of financial year preceding the year of application is allowed after how many years?
a)
21 years or after passing 12th standard whichever is earlier
b)
18 years or after passing 10th standard whichever is earlier
c)
after 21 years of age
d)
partial withdrawal allowed is 25% after 18 years
26.
Closure of SSA is permitted after how many years of age?
a)
after passing 12 standard
b)
after passing 10th standard
c)
after 21 years if age if intends to marry
d)
after 18 years if age if intends to marry
27.
What interest is payable in SSA after 21 years from date of A/c opening?
a)
at rate applicable for SSA
b)
at FD rate
c)
No interest shall be payable
d)
at saving rate
28.
In case of APY option to upgrade/downgrade pension amount is available once in a FY in monh of?
a)
March
b)
April
c)
January
d)
February
29.
What is name of app launched by PFRDA for APY Scheme?
a)
APY & NPS Lite
b)
APY delight
c)
A(N)PS delight
d)
PERDA Lite
30.
What is Chatbot name for APY?
a)
ADI
b)
ADITI
c)
KYNA
d)
SAYNA
31.
For upgradation of pension amount in APY, the subscriber have to pay the differential amount at the rate of ___on monthly compounding basis
a)
saving rate
b)
3%
c)
0.05
d)
8%
32.
Who of the following is/are eligible to open PPF A/c?
a)
Guardian on behalf of minor
b)
HUF
c)
Trust
d)
NRI
33.
What is deposit criteria for PPF?
a)
min of Rs.250.00 & in multiples of Rs.50.00
b)
min of Rs.500.00 & in multiples of Rs.50.00
c)
min of Rs.500.00 & in multiples of Rs.100.00
d)
min of Rs.1000.00 & in multiples of Rs.100.00
34.
PPF A/c is opened for ____ years & can be extended by ____ years
a)
20 years & 10 years
b)
10 years & 5 years
c)
5 years & 5 years
d)
15 years & 5 years
35.
Loan can be availed in PPF A/c from 3rd FY up to the end of 6th FY upto ___% of credit balance at the end of ____year immediately preceding the year in which loan is applied
a)
50% & 3rd year
b)
25% & 3rd year
c)
25% & 2nd year
d)
50% & 2nd year
36.
A customer can nominate how many persons in PPF?
a)
4
b)
3
c)
2
d)
1
37.
Loan availed against PPF balance is to be repaid in how many months?
a)
60 months
b)
48 months
c)
36 months
d)
12 months
38.
Withdrawal in PPF is permitted from____FY
a)
3rd FY
b)
5th FY
c)
7th FY
d)
not permitted before maturity
39.
Withdrawal in PPF cant exceed ___% of the balance at the credit at the end of 4th preceding year or immediately preceding year of the withdrawal, whichever is ____
a)
50% / less
b)
25% / higher
c)
25% / less
d)
50% / higher
40.
Premature closure of PPF is allowed after ___ years & interest will be paid ___lower than the rate at which interest has been credited.
a)
10 years / 1%
b)
5 years / 2%
c)
1 year / 1.5%
d)
5 years / 1%
41.
E-KVP A/c can be opened jointly upto_____adults
a)
4
b)
3
c)
2
d)
Joint E-KVP cant be opened
42.
What is maximum limit of E-KVP & how many maximum E-KVP A/c's can be opened ?
a)
Max Rs.10.00 Cr & 10 A/c's (max)
b)
No max cap & 20 A/c's (max)
c)
No max limit & any no of A/c's can be opened
d)
Max Rs.1.00 Cr & 10 A/c's (max)
43.
What is minimum amount required for E-KVP A/c opening?
a)
Rs.1000.00 & in multiples of Rs.100.00
b)
Rs.500.00 & in multiples of Rs.50.00
c)
Rs.1000.00 & in multiples of Rs.50.00
d)
Rs.5000.00 & in multiples of Rs.100.00
44.
What is lock in period for E-KVP?
a)
After 2 years E-KVP can be closed
b)
After 1 years E-KVP can be closed
c)
1 years & 6 months
d)
2 years & 6 months
45.
Are NRI & HUF eligible to open E-KVP A/c?
a)
Not eligible
b)
NRI is eligible
c)
HUF is eligible
d)
NRI & HUF both are eligible
46.
What is yearly period for PMJJBY & PMSBY?
a)
Jan to Dec
b)
April to March
c)
June to May
d)
Oct to Sep
47.
How many enrolment channels are available for availing PMJJBY & PMSBY?
a)
6
b)
5
c)
4
d)
3
48.
Which company provide insurance coverage for PMSBY?
a)
IFLICL
b)
National Insurance Company
c)
United India Insurance Company Ltd
d)
Star Health Insurance
49.
All citizens of India between _______ years of age are eligible for investing in NPS
a)
21 to 70 years
b)
21 to 60 years
c)
18 to 60 years
d)
Below 18 to 85 years
50.
Which is/are correct pertaining to NPS?
a)
Tier 1 A/c is withdrawable A/c
b)
Tier 1 A/c is non-withdrawable A/c
c)
Tier 2 is not available for NRI customers
d)
max age upto which an NPS can be continued is up to 75 years
51.
What is min contribution at the time of A/c opening for Tier 1 & Tier 2 A/c?
a)
Rs.100.00 & Rs.500.00
b)
Rs.200.00 & Rs.500.00
c)
Rs.500.00 & Rs.1000.00
d)
Rs.250.00 & Rs.750.00
52.
What is min amount of subsequent contirbution for Tier 1 & Tier 2 A/c?
a)
Rs.1000.00 minimum for both tiers
b)
Rs.750.00 & Rs.250.00
c)
Rs.1000.00 & Rs.500.00
d)
Rs.500.00 & Rs.250.00
53.
How much Tax benefit claim can be made by NPS subscriber under Sec 80CCD(1) & 80CCD(1B)?
a)
Rs.150000.00 & Rs.50000.00
b)
Rs.50000.00 under both section
c)
Rs.150000.00 under both section
d)
Rs.75000.00 each unde both section (max. Rs.1.50 Lacs)
54.
What is correct pertaining to parial withdrawal in NPS?
a)
Subscriber should be in NPS for 5 years & amount should not exceed 25%
b)
Subscriber should be in NPS for 3 years & amount should not exceed 25%
c)
Subscriber should be in NPS for 5 years & amount should not exceed 50%
d)
Subscriber should be in NPS for 3 years & amount should not exceed 50%
55.
Partial withdrawal in NPS is allowed max ____ times during entire tenure & min ___ years gap between consecutive withdrawals
a)
2 & 5
b)
3 & 3
c)
3 & 5
d)
5 & 3
56.
As per NPS for premature exit if corpus is equal or less than Rs._____complete withdrawal is permitted
a)
Rs.2.50 Lakhs
b)
Rs.1.50 Lakhs
c)
Rs.5.00 Lakhs
d)
Rs.3.00 Lakhs
57.
As per NPS for normal exit if corpus is equal or less than Rs._____complete withdrawal is permitted
a)
Rs.2.50 Lakhs
b)
Rs.1.50 Lakhs
c)
Rs.8.00 Lakhs
d)
Rs.3.00 Lakhs
58.
As per NPS for normal exit ____% of the corpus is to be mandatorily utilized for purchase of annuity
a)
60%
b)
40%
c)
80%
d)
25%
59.
How many Asset classification are available under NPS?
a)
4
b)
3
c)
2
d)
1
60.
Which of the following is/are correct pertaining to asset classification under NPS?
a)
E- Equity
b)
C-Corporate Debts
c)
G-Government Bonds
d)
A-Alternate Investment Funds
61.
In NPS, Pension Fund Manager can be changed____time in a FY & Active to Auto choice (vice versa) can be changed____time in a FY
a)
2 & 3
b)
3 & 2
c)
1 & 4
d)
4 & 1
62.
In NPS, depending upon risk appetite of subscriber , there are 3 different options available with "Auto choice" (Pick odd one out)
a)
Moderate
b)
Conservative
c)
Selective
d)
Aggressive
63.
PERDA charges penalty of Rs._____for Tier 1 or Tier 2 A/c's if minimum contribution is not paid by the subscriber
a)
Rs.100.00
b)
Rs.200.00
c)
Rs.250.00
d)
Rs.1000.00
64.
What is BOB web portal name for Central & State Govt. Pensioners?
a)
Always available
b)
Pension Mitra
c)
Pension Saarthi
d)
Pensioners Delight
65.
In Gold Monetization Scheme customer has to fill application form & visit ____for depositing GOLD & giving consent for melting
a)
Any Jwellers Shop
b)
Customer will deposit Gold in Banks locker
c)
RBI
d)
CPTC
66.
As per GMS, Bank will issue Term Deposit either on same day of reciept of Gold Deposit or within_____days of deposit of Gold at CPTC
a)
7
b)
30
c)
10
d)
15
67.
As per GMS, what interest is paid on Medium Term Govt Deposit & Long Term Govt Deposit?
a)
2.25% & 2.50%
b)
2.25%
c)
2.50%
d)
10%
68.
As per GMS, what is lock in period for Medium Term Govt Deposit & Long Term Govt Deposit?
a)
No lock in period since it is govt scheme
b)
7 years & 15 years
c)
3 years & 5 years
d)
5 years & 3 years
100 %
