Post Office SavingsAccount Scheme 2019 MCQs-“Practice high-quality MCQs for the Inspector of Post Office (IPO) Exam covering key postal rules, procedures, and current schemes. Ideal for quick revision and accurate self-assessment based on the latest syllabus.”
1. Who is eligible to open a Post Office Savings Account as per the 2019 scheme?
A. Any foreign national residing in India
B. A company or firm
C. A single adult resident individual
D. A group of persons jointly
[show_answer]The correct answer is: A single adult resident individual [/show_answer]
2.How many single accounts can one person open under this scheme?
A. Unlimited
B. Two
C. One
D. Three
[show_answer]The correct answer is: One [/show_answer]
3.A 10-year-old child wants to open a Post Office Savings Account. Under what condition can they do so?
A. Only with RBI approval
B. Through a guardian only
C. By providing proof of age
D. In their own name
[show_answer]The correct answer is: Through a guardian only [/show_answer]
4.Who is eligible to open a Basic Savings Account under the scheme?
A. Any NRI
B. Minor with PAN
C. Single adult registered under Govt Welfare Scheme
D. Any HUF
[show_answer]The correct answer is: Single adult registered under Govt Welfare Scheme[/show_answer]
5. Which of the following is not eligible to open a Basic Savings Account?
A. An adult under PM-KISAN
B. Guardian for minor under Ayushman Bharat
C. Self-help group leader
D. Minor on behalf of whom guardian is registered under Govt scheme
[show_answer]The correct answer is: Self-help group leader [/show_answer]
6.What is the minimum deposit required to open a Basic Savings Account?
A. ₹100
B. ₹500
C. ₹50
D. ₹1,000
[show_answer]The correct answer is: ₹500 [/show_answer]
7.What is the minimum amount that can be deposited after account opening?
A. ₹1
B. ₹50
C. ₹10
D. No limit
[show_answer]The correct answer is: ₹10 min, no upper limit [/show_answer]
8.What is the minimum amount allowed for withdrawal in this scheme?
A. ₹10
B. ₹100
C. ₹50
D. ₹500
[show_answer]The correct answer is: ₹50 [/show_answer]
9.What is the minimum average balance required to avoid maintenance charges?
A. ₹1,000
B. ₹100
C. ₹500
D. ₹250
[show_answer]The correct answer is: ₹500 [/show_answer]
10.What is the annual maintenance fee charged if minimum balance is not maintained?
A. ₹100
B. ₹50
C. ₹25
D. ₹200
[show_answer]The correct answer is: ₹50 [/show_answer]
