National Saving Recurring Deposit Scheme 2019- 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 is eligible to open an RD account under the scheme?
A. Non-resident Indian (NRI)
B. Minor aged 9 years
C. Guardian on behalf of minor
D. Private limited company
[show_answer]The correct answer is: C [/show_answer]
2.What is the maximum number of holders allowed in a joint RD account?
A. 2
B. 3
C. 4
D. 5
[show_answer]The correct answer is: B [/show_answer]
3.Can a depositor hold multiple RD accounts under this scheme?
A. No
B. Only one joint and one single
C. Yes, in single or joint names
D. Only one per branch
[show_answer]The correct answer is: C [/show_answer]
4.What is the tenure of a National Savings RD account?
A. 3 years
B. 4 years
C. 5 years
D. 6 years
[show_answer]The correct answer is: C [/show_answer]
5.What is the minimum deposit amount allowed in this scheme
A. ₹10
B. ₹100
C. ₹500
D. ₹50
[show_answer]The correct answer is: B [/show_answer]
6.In what multiples should deposits be made?
A. ₹5
B. ₹10
C. ₹20
D. ₹50
[show_answer]The correct answer is: B [/show_answer]
7.If an RD account is opened on or before the 15th of a month, what is the last date for that month’s deposit?
A. 10th
B. 15th
C. 20th
D. Last working day
[show_answer]The correct answer is: B [/show_answer]
8.If an RD account is opened after the 15th, the deposit should be made by:
A. 10th
B. 20th
C. Last working day of the month
D. Next month
[show_answer]The correct answer is: C [/show_answer]
9.If an account has up to 4 defaults, what is allowed?
A. Account is permanently closed
B. Account must be restarted
C. Account can be extended by number of defaulted months
D. No action required
[show_answer]The correct answer is: C [/show_answer]
10.If an account has more than 4 defaults, it is considered:
A. Active
B. Revived
C. Matured
D. Discontinued
[show_answer]The correct answer is: D [/show_answer]
