POSB CBS Manual Corrected Upto 31.12.2021 MCQs

POSB CBS Manual Corrected-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. Which offices are considered as Savings Bank offices under POSB CBS Manual?

A) Only Head Post Offices (HOs)
B) Only Sub Post Offices (SOs)
C) All HOs, SOs, BOs (except those without SB powers)
D) Only CBS migrated offices

2.In Core Banking Solution (CBS), all Departmental Post Offices are treated as:

A) Branch Offices (BOs)
B) Service Outlets (SOL)
C) Circle Processing Units
D) SB Branches

3. Which of the following offices are authorized to open all types of accounts under National (Small) Savings Schemes unless specifically prohibited?

A) Only HOs and SOs
B) Only BOs with SB power
C) All Post Offices including BOs
D) Only Circle Offices

4.Who is personally responsible for sanctioning claims of deceased depositors (within his powers)?

A) Divisional Head
B) Inspector of Post Offices
C) Head Postmaster
D) Sub Postmaster

5. Suspicious transactions such as erasures/alterations in forms (SB-103, SB-7, SB-7A, etc.) must be reported confidentially to:

A) Circle Office
B) Divisional Head
C) Postmaster General
D) Head Postmaster

6. Records relating to suspicious transactions must be preserved until:

A) 3 years from date of report
B) The next audit inspection
C) They are handed over to investigating authorities
D) Sanction of Divisional Head is obtained

7.In CBS, supervisors must ensure that all transactions (financial & non-financial) are:

A) Verified weekly
B) Entered by counter PA only
C) Genuine and verified at End of Day (EoD)
D) Verified by Divisional Office

8.Tenure of SB/SC Counter Assistants in a single-handed or double-handed office is:

A) 2 years
B) 3 years
C) 4 years
D) 5 years

9.The maximum tenure of SB/SC Counter Assistants in ‘A’ Class and bigger offices is: