1. What is the effective date of the Service Discharge Benefit Scheme (SDBS)?
a) 1st April 2010
b) 1st April 2011
c) 1st January 2012
d) 1st June 2011
[show_answer]The correct answer is: 1st April 2011 [/show_answer]
2.Which of the following is the Nodal Agency for the Service Discharge Benefit Scheme (SDBS)?
a) Ministry of Finance
b) Department of Posts
c) Pension Fund Regulatory and Development Authority (PFRDA)
d) National Securities Depository Limited (NSDL)
[show_answer]The correct answer is: Pension Fund Regulatory and Development Authority (PFRDA) [/show_answer]
3.Who is responsible for managing the records under the Service Discharge Benefit Scheme (SDBS)?
a) Central Government
b) National Securities Depository Limited (NSDL)
c) Trustee Bank
d) Aggregator cum Account Officer
[show_answer]The correct answer is: National Securities Depository Limited (NSDL) [/show_answer]
4.Which of the following defines Severance Amount under the SDBS?
a) Amount paid after completion of 1 year of service
b) Amount paid when GDS ends engagement with the Department
c) Amount paid upon promotion to regular departmental posts
d) Amount contributed by the Government towards pension
[show_answer]The correct answer is: Amount paid when GDS ends engagement with the Department [/show_answer]
5.Who is in charge of managing the funds and investments under SDBS?
a) Trustee Bank
b) Custodian
c) Aggregator cum Account Officer
d) CRA (Central Record Keeping Agency)
[show_answer]The correct answer is: Trustee Bank [/show_answer]
6.What is the Severance Accumulation for an existing GDS under the scheme?
a) No severance accumulation for existing GDS
b) Rs. 1500 per year of service added to PRA upon joining SDBS
c) Rs. 500 per year of service added to PRA
d) Rs. 3000 per year of service added to PRA
[show_answer]The correct answer is: Rs. 1500 per year of service added to PRA upon joining SDBS [/show_answer]
7.GDS with less than 1 year of service are eligible for which option under SDBS?
a) Participation in SDBS
b) Severance Amount benefits
c) No eligibility for either option
d) Contribution to the NPS
[show_answer]The correct answer is: No eligibility for either option [/show_answer]
8.For a newly appointed GDS, when can they start participating in SDBS?
a) Immediately upon appointment
b) After 6 months of service
c) After 1 year of satisfactory service
d) After 2 years of satisfactory service
[show_answer]The correct answer is: After 1 year of satisfactory service [/show_answer]
9.What is the government’s contribution to the SDBS starting from 1st July 2018?
a) ₹500 per month
b) ₹300 per month
c) ₹400 per month
d) ₹200 per month
[show_answer]The correct answer is: ₹300 per month [/show_answer]
10.What happens if a GDS is absorbed into a regular departmental post?
a) They must exit the SDBS and transfer their accumulations to the NPS
b) They continue contributing to SDBS without changes
c) They forfeit all accumulations
d) They can choose to leave the scheme or stay
[show_answer]The correct answer is: They must exit the SDBS and transfer their accumulations to the NPS [/show_answer]
