India Post Payments Bank 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 owns 100% of India Post Payments Bank (IPPB)?
A. Reserve Bank of India
B. Ministry of Finance
C. Department of Posts, Government of India
D. NITI Aayog
[show_answer]The correct answer is: Department of Posts, Government of India [/show_answer]
2.When was the pilot project for IPPB launched?
A. 1st September 2018
B. 30th January 2017
C. 15th August 2017
D. 1st April 2018
[show_answer]The correct answer is: 30th January 2017 [/show_answer]
3.Which two cities were selected for IPPB’s pilot launch?
A. Patna and Raipur
B. Ranchi and Raipur
C. Jaipur and Jamshedpur
D. Bhopal and Bhubaneswar
[show_answer]The correct answer is: Ranchi and Raipur [/show_answer]
4.When was IPPB formally inaugurated nationwide?
A. 1st April 2018
B. 30th June 2017
C. 1st September 2018
D. 15th August 2016
[show_answer]The correct answer is: 1st September 2018 [/show_answer]
5.Who inaugurated the India Post Payments Bank?
A. President of India
B. Minister of Communications
C. Prime Minister Shri Narendra Modi
D. RBI Governor
[show_answer]The correct answer is: Prime Minister Shri Narendra Modi [/show_answer]
6.What is the initial deposit required for opening a Premium Savings Account in IPPB?
A. ₹500
B. ₹100
C. ₹0
D. ₹200
[show_answer]The correct answer is: ₹200 [/show_answer]
7.What is the maximum end-of-day (EOD) balance permitted in Premium Savings Account?
A. ₹1,00,000
B. ₹1,50,000
C. ₹2,00,000
D. No limit
[show_answer]The correct answer is:₹2,00,000 [/show_answer]
8.What is the Monthly Average Balance (MAB) to avail premium benefits under Premium Savings Account?
A. ₹500
B. ₹2,000
C. ₹1,000
D. Nil
[show_answer]The correct answer is:₹2,000 [/show_answer]
9.How frequently is interest credited in Premium and Regular Savings Accounts?
A. Monthly
B. Annually
C. Quarterly
D. Half-yearly
[show_answer]The correct answer is: Quarterly [/show_answer]
10.What is the charge for SMS alerts in Premium and Regular Savings Accounts?
A. ₹15/month
B. ₹10 per quarter
C. Free
D. ₹20 per month
[show_answer]The correct answer is: ₹10 per quarter [/show_answer]
