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
[show_answer]The correct answer is: B [/show_answer]
2.KVP was reintroduced in:
A. March 2014
B. November 2014
C. January 2015
D. July 2013
[show_answer]The correct answer is: B [/show_answer]
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
[show_answer]The correct answer is: C [/show_answer]
4.KVP is available at:
A. RBI only
B. Banks only
C. Post offices and selected banks
D. Government departments
[show_answer]The correct answer is: C [/show_answer]
5.KVP is open to
A. Only farmers
B. NRIs
C. All Indian citizens
D. Senior citizens only
[show_answer]The correct answer is: C [/show_answer]
6.What is the minimum deposit required in a KVP account?
A. ₹500
B. ₹100
C. ₹1,000
D. ₹1,500
[show_answer]The correct answer is: C [/show_answer]
7.Deposits in KVP should be in multiples of:
A. ₹50
B. ₹100
C. ₹500
D. ₹1,000
[show_answer]The correct answer is: B [/show_answer]
8.What is the maximum limit of investment in KVP?
A. ₹10 lakh
B. ₹1 crore
C. ₹5 lakh
D. No limit
[show_answer]The correct answer is: D [/show_answer]
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
[show_answer]The correct answer is: A [/show_answer]
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
[show_answer]The correct answer is: C [/show_answer]
