21.When must extension be exercised?
A. Anytime before maturity
B. Within 1 year of maturity
C. After maturity only
D. At account opening
22.Extension of SCSS is allowed:
A. Twice
B. Only once
C. Any number of times
D. With special permission only
23.If SCSS account is extended, it can be closed after 1 year of extension:
A. With 1% penalty
B. With 2% penalty
C. Without any penalty
D. With RBI approval only
24.On death of account holder, interest is paid:
A. Until maturity
B. Till last day of death month
C. Till date of death, then POSA rate till closure
D. Only principal refunded
25.Who can continue SCSS account after death of the holder?
A. Any legal heir
B. Son
C. Spouse if nominee and eligible
D. None
26.If both spouses have separate accounts, on death of one:
A. Deceased’s account must be closed
B. Account must be merged
C.Account is continued by survivor
D. Both continue
27.Deposits under SCSS must be in multiples of:
A. ₹100
B. ₹500
C. ₹1,000
D. ₹5,000
28.SCSS deposits are limited to:
A. Fixed ₹15 lakh
B. Retirement benefits or ₹15 lakh, whichever is lower
C. ₹12 lakh only
D. ₹10 lakh for non-pensioners
29.Interest is paid on the:
A. 15th of the month
B. Last date of each quarter
C. 1st working day of each quarter
D. 5th of every month
30.Who notifies the interest rate for SCSS?
A. RBI
B. Department of Posts
C. Ministry of Finance
D. Banks
