Kisan Vikas Patra (KVP) Scheme-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.The Kisan Vikas Patra (KVP) scheme was originally launched in which year?
A. 1995
B. 1988
C. 2000
D. 2010
2.KVP was reintroduced in:
A. March 2014
B. November 2014
C. January 2015
D. July 2013
3.What is the main objective of the KVP scheme?
A. Provide pension to farmers
B. Provide short-term loans
C. Encourage long-term savings and double investment
D. Promote insurance cover
4.KVP is available at:
A. RBI only
B. Banks only
C. Post offices and selected banks
D. Government departments
5.KVP is open to
A. Only farmers
B. NRIs
C. All Indian citizens
D. Senior citizens only
6.What is the minimum deposit required in a KVP account?
A. ₹500
B. ₹100
C. ₹1,000
D. ₹1,500
7.Deposits in KVP should be in multiples of:
A. ₹50
B. ₹100
C. ₹500
D. ₹1,000
8.What is the maximum limit of investment in KVP?
A. ₹10 lakh
B. ₹1 crore
C. ₹5 lakh
D. No limit
9.KVP accounts can be opened in which of the following types?
A. Single, Joint A, Joint B, Minor, Guardian
B. Only Single and Minor
C. Single and Joint A only
D. Joint B and Guardian only
10.Which of the following is true about Joint A-type KVP account?
A. Payable to the first holder only
B. Payable to any one
C. Payable jointly to all holders
D. Can be opened only with a spouse
