21.Can a second loan be availed without repaying the first loan fully?
A. No
B. Yes
C. Only after maturity
D. Only if interest is paid
[show_answer]The correct answer is: A [/show_answer]
22.When is partial withdrawal allowed from a PPF account?
A. From 3rd year
B. From 5th year
C. From 7th financial year
D. From 10th financial year
[show_answer]The correct answer is: C [/show_answer]
23.Maximum withdrawal limit from PPF is:
A. 50% of current balance
B. 25% of current balance
C. 50% of balance at end of 4th year or preceding year (lower)
D. ₹1 lakh
[show_answer]The correct answer is: C [/show_answer]
24.Frequency of partial withdrawal from PPF:
A. Once a year
B. Unlimited
C. Once a month
D. Twice a year
[show_answer]The correct answer is: A [/show_answer]
25.PPF account matures after:
A. 10 years
B. 15 years from date of account opening
C. 15 years from end of financial year of opening
D. 20 years
[show_answer]The correct answer is: C [/show_answer]
26.Upon maturity, a PPF account can be:
A. Closed only
B. Continued without deposits
C. Continued with deposits in 5-year blocks
D. All of the above
[show_answer]The correct answer is: D [/show_answer]
27.What form is used to continue PPF account with deposits after maturity?
A. Form 1
B. Form 3
C. Form 4
D. Form 5
[show_answer]The correct answer is: C [/show_answer]
28.Deadline to opt for extension with deposit after maturity:
A. 3 months
B. 1 year
C. 6 months
D. 2 years
[show_answer]The correct answer is: B [/show_answer]
29.Once continued without deposit, can the account be changed to deposit mode later?
A. Yes
B. No
C. Only with approval
D. Only if within 1 year
[show_answer]The correct answer is: B [/show_answer]
30.Withdrawal during extension (with deposit) is restricted to:
A. 60% of balance at start of block
B. 50% of current balance
C. ₹1.5 lakh
D. No withdrawal allowed
[show_answer]The correct answer is: A [/show_answer]
