{"id":367,"date":"2025-07-05T12:52:11","date_gmt":"2025-07-05T12:52:11","guid":{"rendered":"https:\/\/postaladda.com\/mcq\/?p=367"},"modified":"2025-12-06T06:30:23","modified_gmt":"2025-12-06T06:30:23","slug":"government-savings-promotion-general-rules-2018-mcqs","status":"publish","type":"post","link":"https:\/\/postaladda.com\/mcq\/government-savings-promotion-general-rules-2018-mcqs\/","title":{"rendered":"Government Savings Promotion General Rules 2018 MCQs"},"content":{"rendered":"\n<p>Government Savings Promotion General Rules 2018 MCQs- &#8220;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.&#8221;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>1. What is the official title of the rules notified for small savings schemes in 2018?<\/strong><\/h2>\n\n\n\n<p>A) Government Savings Rules, 2018<br>B) Small Savings Account Rules, 2018<br>C) Government Savings Promotion General Rules, 2018<br>D) Savings Bank (India Post) Rules, 2018<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is:  Government Savings Promotion General Rules, 2018<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>2. When did the Government Savings Promotion General Rules, 2018 come into force?<\/strong><\/h2>\n\n\n\n<p>A) 01 April 2018<br>B) 05 October 2018<br>C) 31 December 2018<br>D) 15 August 2018<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is:  05 October 2018<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>3. These rules apply to schemes under which Act?<\/strong><\/h2>\n\n\n\n<p>A) Indian Post Office Act, 1898<br>C) Government Savings Promotion Act, 1873<br>B) Public Provident Fund Act, 1968<br>D) Postal Savings Act, 2016<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is:  Government Savings Promotion Act, 1873<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>4. Who can open a single account under the rules?<\/strong><\/h2>\n\n\n\n<p>A) Any individual, resident or NRI<br>C) Resident adult Indian citizens<br>B) Only minors<br>D) Any adult with a passport<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is: Resident adult Indian citizens<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>5. A minor aged ___ years or more can open and operate their own account.<\/strong><\/h2>\n\n\n\n<p>A) 15 years<br>C) 10 years<br>B) 12 years<br>D) 18 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>6. What happens if an account holder becomes an NRI during the tenure?<\/strong><\/h2>\n\n\n\n<p>B) Account continues till maturity; no extension or post-maturity interest<br>A) Must be closed immediately<br>C) Converted to NRI savings<br>D) Interest rate is halved<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is: Account continues till maturity; no extension or post-maturity interest<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>7. If the depositor ceases to be a citizen of India, the account is deemed closed from:<\/strong><\/h2>\n\n\n\n<p>A) The date of change in citizenship<br>B) Last day of the preceding month<br>C) Date of maturity<br>D) Date of intimation<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is: Last day of the preceding month<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>8. Which of the following is NOT mandatory to open an account?<\/strong><\/h2>\n\n\n\n<p>A) Pay-in-slip with deposit<br>B) Passport-size photograph<br>B) PAN Card<br>D) Proof of Aadhaar application<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is: PAN Card<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>9. Who must be present in person while opening the account?<\/strong><\/h2>\n\n\n\n<p>A) Only salaried individuals<br>B) Agents<br>C) Blind, illiterate, and visually challenged persons<br>D) All account holders<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is: Blind, illiterate, and visually challenged persons<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>10. What document is accepted if Aadhaar is not available at the time of account opening?<\/strong><\/h2>\n\n\n\n<p>A) PAN<br>B) Voter ID<br>C) Proof of Aadhaar application<br>D) Driving License<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is: Proof of Aadhaar application<\/div>\n\n\n\n<!--nextpage-->\n\n\n\n<h2 class=\"wp-block-heading\"><strong>11. What happens to a nomination when a depositor transfers the deposit to another account?<\/strong><\/h2>\n\n\n\n<p>(A) It remains valid<br>(B) It is automatically updated<br>(C) It is cancelled<br>(D) It is shared among multiple 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: C<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>12. If no nomination exists and legal proof like succession certificate is not produced within 3 months, how is a small deposit handled?<\/strong><\/h2>\n\n\n\n<p>(A) Forfeited by the Government<br>(B) Paid to a person entitled as per prescribed procedure<br>(C) Deposited in treasury until proof is produced<br>(D) Refunded to the bank<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is: B<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">13.<strong>Who maintains the Schedule of Government Savings Schemes under the Act?<\/strong><\/h2>\n\n\n\n<p>(A) Reserve Bank of India<br>(B) Department of Economic Affairs<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: B<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>14. What power does the Central Government have under this Act with respect to savings schemes?<\/strong><\/h2>\n\n\n\n<p>(A) Only to provide interest<br>(B) To manage operations of all commercial banks<br>(C) To notify, amend or discontinue savings schemes<br>(D) To restrict foreign investments<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is: B<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>15. According to the Act, who can be appointed as Guardian for operating accounts of a minor?<\/strong><\/h2>\n\n\n\n<p>(A) Only the school principal<br>(B) A relative staying abroad<br>(C) Parent(s), legal guardian or person appointed by court<br>(D) A nominee chosen by the minor<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is: B<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>16. Which of the following is not included under the definition of &#8220;Government Savings Bank&#8221;?<\/strong><\/h2>\n\n\n\n<p>(A) Post Office Savings Bank<br>(B) State Bank of India<br>(C) Any bank specified by the Central Government<br>(D) Private foreign banks not notified<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: D<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>17. Under this Act, which legislation defines the term \u201cBanking Company\u201d?<\/strong><\/h2>\n\n\n\n<p>(A) Indian Contract Act, 1872<br>(B) Indian Succession Act, 1925<br>(C) Banking Regulation Act, 1949<br>(D) RBI Act, 1934<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is: C<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>18. Who executes the Will of a deceased person as per Indian Succession Act, 1925?<\/strong><\/h2>\n\n\n\n<p>(A) Depositor<br>(B) Executor<br>(C) Nominee<br>(D) Banker<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is: B<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>19. What document contains the list of applicable Government Savings Schemes under the Act?<\/strong><\/h2>\n\n\n\n<p>(A) Annexure B<br>(B) Indian Postal Manual<br>(C) Schedule<br>(D) Gazette 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: C<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>20. Who can make a nomination for a minor\u2019s account?<\/strong><\/h2>\n\n\n\n<p>(A) Only the minor<br>(B) Guardian<br>(C) School principal<br>(D) Postmaster<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is: B<\/div>\n\n\n\n<!--nextpage-->\n\n\n\n<h2 class=\"wp-block-heading\"><strong>21. If a minor or a person of unsound mind dies without a nominee, to whom is the deposit paid?<\/strong><\/h2>\n\n\n\n<p>(A) Legal heir only<br>(B) Next of kin<br>(C) Guardian<br>(D) Public Trustee<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is: C<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>22. What legal consequence does the payment of deposit under this Act have?<\/strong><\/h2>\n\n\n\n<p>(A) No legal protection is granted<br>(B) Bank remains liable even after payment<br>(C) It discharges the bank from liability for the amount paid<br>(D) Deposit is frozen till court order is passed<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is: C<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>23. If a deposit is paid to someone under this Act, who may later recover the balance of the estate from them?<\/strong><\/h2>\n\n\n\n<p>(A) Executor or Administrator<br>(B) Election Commissioner<br>(C) Police Officer<br>(D) Notary Public<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is: A<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>24. Creditors of a deceased depositor can claim unpaid debts from:<\/strong><\/h2>\n\n\n\n<p>(A) Government Reserve Fund<br>(B) Indian Post Office directly<br>(C) Receiver of the deposit<br>(D) Postmaster General<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is: C<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>25. What may the Authorized Officer require from a person receiving money under Section 4A(4)?<\/strong><\/h2>\n\n\n\n<p>(A) Police clearance<br>(B) Medical certificate<br>(C) Security for due administration<br>(D) Death certificate of guardian<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is: C<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>26. What is the purpose of the security required under Section 4A(4)?<\/strong><\/h2>\n\n\n\n<p>(A) To charge tax<br>(B) To restrict withdrawals<br>(C) To prevent deposit duplication <br>(D)  To ensure proper administration of the estate<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is: D<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>27. To whom can the security (under Section 4A(4)) be assigned?<\/strong><\/h2>\n\n\n\n<p>(A) Only to State Government<br>(B) Only to SBI<br>(C) To interested parties<br>(D) To nominee only<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is: C<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>28. Authorized Officers under this Act have the power to:<\/strong><\/h2>\n\n\n\n<p>(A) Issue ATM cards<br>(B) Administer oaths and record evidence<br>(C) Register marriage deeds<br>(D) Confiscate bank property<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is: B<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>29. If a person gives false evidence to claim deposit, which section of IPC applies?<\/strong><\/h2>\n\n\n\n<p>(A) Section 120<br>(B) Section 304A<br>(C) Section 193<br>(D) Section 506<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is: C<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>30. Who can demand information, documents or evidence relating to an account under the Act?<\/strong><\/h2>\n\n\n\n<p>(A) Postmaster only<br>(B) RBI Governor only<br>(C) Central Government or designated authority<br>(D) Local Police 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: C<\/div>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Government Savings Promotion General Rules 2018 MCQs- &#8220;Practice high-quality MCQs for the Inspector of Post Office (IPO) Exam 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-367","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\/367","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=367"}],"version-history":[{"count":6,"href":"https:\/\/postaladda.com\/mcq\/wp-json\/wp\/v2\/posts\/367\/revisions"}],"predecessor-version":[{"id":1129,"href":"https:\/\/postaladda.com\/mcq\/wp-json\/wp\/v2\/posts\/367\/revisions\/1129"}],"wp:attachment":[{"href":"https:\/\/postaladda.com\/mcq\/wp-json\/wp\/v2\/media?parent=367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/postaladda.com\/mcq\/wp-json\/wp\/v2\/categories?post=367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/postaladda.com\/mcq\/wp-json\/wp\/v2\/tags?post=367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}