Government Savings Promotion General Rules 2018 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. What is the official title of the rules notified for small savings schemes in 2018?
A) Government Savings Rules, 2018
B) Small Savings Account Rules, 2018
C) Government Savings Promotion General Rules, 2018
D) Savings Bank (India Post) Rules, 2018
2. When did the Government Savings Promotion General Rules, 2018 come into force?
A) 01 April 2018
B) 05 October 2018
C) 31 December 2018
D) 15 August 2018
3. These rules apply to schemes under which Act?
A) Indian Post Office Act, 1898
C) Government Savings Promotion Act, 1873
B) Public Provident Fund Act, 1968
D) Postal Savings Act, 2016
4. Who can open a single account under the rules?
A) Any individual, resident or NRI
C) Resident adult Indian citizens
B) Only minors
D) Any adult with a passport
5. A minor aged ___ years or more can open and operate their own account.
A) 15 years
C) 10 years
B) 12 years
D) 18 years
6. What happens if an account holder becomes an NRI during the tenure?
B) Account continues till maturity; no extension or post-maturity interest
A) Must be closed immediately
C) Converted to NRI savings
D) Interest rate is halved
7. If the depositor ceases to be a citizen of India, the account is deemed closed from:
A) The date of change in citizenship
B) Last day of the preceding month
C) Date of maturity
D) Date of intimation
8. Which of the following is NOT mandatory to open an account?
A) Pay-in-slip with deposit
B) Passport-size photograph
B) PAN Card
D) Proof of Aadhaar application
9. Who must be present in person while opening the account?
A) Only salaried individuals
B) Agents
C) Blind, illiterate, and visually challenged persons
D) All account holders
10. What document is accepted if Aadhaar is not available at the time of account opening?
A) PAN
B) Voter ID
C) Proof of Aadhaar application
D) Driving License
