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
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
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
4.When was IPPB formally inaugurated nationwide?
A. 1st April 2018
B. 30th June 2017
C. 1st September 2018
D. 15th August 2016
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
6.What is the initial deposit required for opening a Premium Savings Account in IPPB?
A. ₹500
B. ₹100
C. ₹0
D. ₹200
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
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
9.How frequently is interest credited in Premium and Regular Savings Accounts?
A. Monthly
B. Annually
C. Quarterly
D. Half-yearly
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
