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
2.How many single accounts can one person open under this scheme?
A. Unlimited
B. Two
C. One
D. Three
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
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
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
6.What is the minimum deposit required to open a Basic Savings Account?
A. ₹100
B. ₹500
C. ₹50
D. ₹1,000
7.What is the minimum amount that can be deposited after account opening?
A. ₹1
B. ₹50
C. ₹10
D. No limit
8.What is the minimum amount allowed for withdrawal in this scheme?
A. ₹10
B. ₹100
C. ₹50
D. ₹500
9.What is the minimum average balance required to avoid maintenance charges?
A. ₹1,000
B. ₹100
C. ₹500
D. ₹250
10.What is the annual maintenance fee charged if minimum balance is not maintained?
A. ₹100
B. ₹50
C. ₹25
D. ₹200
