{"id":322,"date":"2025-07-05T11:49:19","date_gmt":"2025-07-05T11:49:19","guid":{"rendered":"https:\/\/postaladda.com\/mcq\/?p=322"},"modified":"2025-08-17T06:21:41","modified_gmt":"2025-08-17T06:21:41","slug":"government-savings-banks-act-1873-mcqs","status":"publish","type":"post","link":"https:\/\/postaladda.com\/mcq\/government-savings-banks-act-1873-mcqs\/","title":{"rendered":"Government Savings Banks Act 1873 MCQs"},"content":{"rendered":"\n<p>Government Savings Banks Act 1873 MCQs \u2013 Prepare effectively for the IPO Exam with our updated multiple-choice questions covering key postal rules, Swachh Bharat Abhiyan, departmental procedures, acts, and general awareness. Designed as per the latest exam pattern, these MCQs are ideal for self-assessment, daily practice, and boosting confidence. Perfect for focused and targeted IPO exam preparation.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>1. What is the primary objective of the Government Savings Banks Act, 1873?<\/strong><\/h2>\n\n\n\n<p>(A) To provide loans through postal banks<br>(B) To manage private investments<br><strong>(C) <\/strong>To regulate and channel public savings into Government Savings Schemes<br>(D) To merge nationalised banks<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is:  To regulate and channel public savings into Government Savings Schemes<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">2.<strong>The Government Savings Banks Act, 1873 extends to which of the following?<\/strong><\/h2>\n\n\n\n<p>(A) Only Union Territories<br>(B) All Indian states excluding J&amp;K<br><strong>(C) <\/strong>Whole of India, including Sikkim<br>(D) Only metropolitan cities<br><\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is:  Whole of India, including Sikkim<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>3. Through which notification was the Act extended to Sikkim?<\/strong><\/h2>\n\n\n\n<p>(A) RBI Notification<br>(B) Ministry of Finance Notification<br>(C) Ministry of Home Affairs Notification No. F.11013\/1\/82-SKM dated 22.07.1983<br>(D) Ministry of Law Notification<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is:  Ministry of Home Affairs Notification No. F.11013\/1\/82-SKM dated 22.07.1983<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>4. Who is considered an Administrator under this Act?<\/strong><\/h2>\n\n\n\n<p>(A) Postmaster General<br>(B) Nominee of depositor<br>(C) Auditor<br><strong>(D) <\/strong>Person appointed under Indian Succession Act, 1925<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is: Person appointed under Indian Succession Act, 1925<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>5. Who authorizes an officer in a Post Office Savings Bank<\/strong><\/h2>\n\n\n\n<p>(A) Ministry of Finance<br><strong>(B) <\/strong>Director General, Posts<br>(C) RBI<br>(D) State Government<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is: Director General, Posts<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>6. What does the term &#8220;Depositor&#8221; mean under the Act?<\/strong><\/h2>\n\n\n\n<p>(A) Demat account holder<br>(B) Loan applicant<br>(C) Person depositing money in Government Savings Bank<br>(D) Nominee<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is: Person depositing money in Government Savings Bank<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>7. Minimum age for a minor to independently operate an account under a Government Savings Scheme?<\/strong><\/h2>\n\n\n\n<p>(A) 12 years<br>(B) 18 years<br>(C) 5 years<br><strong>(D) <\/strong>10 years<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is: 10 years<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>8. If a minor is nominated, what should be done for smooth transfer?<\/strong><\/h2>\n\n\n\n<p>(A) Nominate an adult instead<br>(B) Appoint a person to receive the amount during the nominee\u2019s minority<br>(C) Cancel nomination<br>(D) Give bank instructions<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is: Appoint a person to receive the amount during the nominee\u2019s minority<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>9. What happens if the nominee predeceases the depositor?<\/strong><\/h2>\n\n\n\n<p>(A) Deposit goes to bank reserve<br>(B) Deposit is forfeited<br>(C) Nomination becomes void<br>(D) Nomination is updated<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is: Nomination becomes void<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>10. Who makes a nomination if the depositor is of unsound mind?<\/strong><\/h2>\n\n\n\n<p>(A) Sibling<br>(B) Spouse<br>(C) Court-appointed guardian<br>(D) Government officer<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is: Court-appointed guardian<\/div>\n\n\n\n<!--nextpage-->\n\n\n\n<h2 class=\"wp-block-heading\"><strong>11. What happens to nomination after transferring a deposit?<\/strong><\/h2>\n\n\n\n<p>(A) Remains valid<br>(B)  It is cancelled<br>(C) It is updated<br>(D) Shared across accounts<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is: It is cancelled<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>12. Who maintains the Schedule of Government Savings Schemes?<\/strong><\/h2>\n\n\n\n<p>(A) RBI<br>(B) Economic Affairs Dept.<br>(C) Central Government<br>(D) State Governments<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is: Central Government<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>13. Under this Act, who defines &#8220;Banking Company&#8221;?<\/strong><\/h2>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Government Savings Banks Act 1873 MCQs \u2013 Prepare effectively for the IPO Exam with our updated multiple-choice questions covering key [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1,4,18],"tags":[],"class_list":["post-322","post","type-post","status-publish","format-standard","hentry","category-blog","category-ipo-mcqs","category-ipo-paper-01"],"_links":{"self":[{"href":"https:\/\/postaladda.com\/mcq\/wp-json\/wp\/v2\/posts\/322","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/postaladda.com\/mcq\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/postaladda.com\/mcq\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/postaladda.com\/mcq\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/postaladda.com\/mcq\/wp-json\/wp\/v2\/comments?post=322"}],"version-history":[{"count":11,"href":"https:\/\/postaladda.com\/mcq\/wp-json\/wp\/v2\/posts\/322\/revisions"}],"predecessor-version":[{"id":623,"href":"https:\/\/postaladda.com\/mcq\/wp-json\/wp\/v2\/posts\/322\/revisions\/623"}],"wp:attachment":[{"href":"https:\/\/postaladda.com\/mcq\/wp-json\/wp\/v2\/media?parent=322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/postaladda.com\/mcq\/wp-json\/wp\/v2\/categories?post=322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/postaladda.com\/mcq\/wp-json\/wp\/v2\/tags?post=322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}