POSB CBS Manual Important 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.What is the minimum balance required to maintain a Savings Bank (SB) account with cheque facility?
A. ₹100
B. ₹200
C. ₹500
D. ₹1,000
2.A minor aged 10 years and above can open and operate which type(s) of account independently in POSB?
A. SB and TD
B. SB and RD
C. RD and TD
D. SB and PPF
3.A silent account is one where no deposit or withdrawal is made for:
A. 2 financial years
B. 1 calendar year
C. 3 financial years
D. 5 years
4.Which of the following accounts is not eligible for cheque facility?
A. SB
B. RD
C. TD
D. MIS
5.What is the interest rate for 5-Year TD account for Q1 FY 2025–26?
A. 7.1%
B. 7.4%
C. 7.5%
D. 8.2%
6.What is the maximum limit for investment in SCSS (Senior Citizens Savings Scheme)?
A. ₹15 lakh
B. ₹20 lakh
C. ₹25 lakh
D. ₹30 lakh
7.Which document is mandatory at the time of account opening in POSB?
A. Form 15G
B. PAN only
C. Nomination form
D. Cheque requisition form
8.What is the minimum deposit per year required to keep a PPF account active?
A. ₹250
B. ₹500
C. ₹1,000
D. ₹1,500
9.The interest in PPF account is:
A. Payable monthly
B. Credited quarterly
C. Compounded and credited annually
D. Paid at maturity only
10.For MIS joint account, the maximum deposit limit is:
A. ₹9 lakh
B. ₹15 lakh
C. ₹30 lakh
D. ₹1.5 lakh
