{"id":373,"date":"2025-07-05T13:06:34","date_gmt":"2025-07-05T13:06:34","guid":{"rendered":"https:\/\/postaladda.com\/mcq\/?p=373"},"modified":"2025-12-06T06:38:58","modified_gmt":"2025-12-06T06:38:58","slug":"post-office-savingsaccount-scheme-2019-mcqs","status":"publish","type":"post","link":"https:\/\/postaladda.com\/mcq\/post-office-savingsaccount-scheme-2019-mcqs\/","title":{"rendered":"Post Office SavingsAccount Scheme 2019 MCQs"},"content":{"rendered":"\n<p>Post Office SavingsAccount Scheme 2019 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\">1. Who is eligible to open a Post Office Savings Account as per the 2019 scheme?<\/h2>\n\n\n\n<p>A. Any foreign national residing in India<br>B. A company or firm<br>C. A single adult resident individual<br>D. A group of persons jointly<\/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 single adult resident individual<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">2.How many single accounts can one person open under this scheme?<\/h2>\n\n\n\n<p>A. Unlimited<br>B. Two<br>C. One<br>D. Three<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is:  One<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">3.A 10-year-old child wants to open a Post Office Savings Account. Under what condition can they do so?<\/h2>\n\n\n\n<p>A. Only with RBI approval<br>B. Through a guardian only<br>C. By providing proof of age<br>D. In their own name<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is:  Through a guardian only<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">4.Who is eligible to open a Basic Savings Account under the scheme?<\/h2>\n\n\n\n<p>A. Any NRI<br>B. Minor with PAN<br>C. Single adult registered under Govt Welfare Scheme<br>D. Any HUF<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is:  Single adult registered under Govt Welfare Scheme<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">5. Which of the following is not eligible to open a Basic Savings Account?<\/h2>\n\n\n\n<p>A. An adult under PM-KISAN<br>B. Guardian for minor under Ayushman Bharat<br>C. Self-help group leader<br>D. Minor on behalf of whom guardian is registered under Govt scheme<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is:  Self-help group leader<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">6.What is the minimum deposit required to open a Basic Savings Account?<\/h2>\n\n\n\n<p>A. \u20b9100<br>B. \u20b9500<br>C. \u20b950<br>D. \u20b91,000<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is:   \u20b9500<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">7.What is the minimum amount that can be deposited after account opening?<\/h2>\n\n\n\n<p>A. \u20b91<br>B. \u20b950<br>C. \u20b910<br>D. No limit<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is:  \u20b910 min, no upper limit<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">8.What is the minimum amount allowed for withdrawal in this scheme?<\/h2>\n\n\n\n<p>A. \u20b910<br>B. \u20b9100<br>C. \u20b950<br>D. \u20b9500<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is:  \u20b950<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">9.What is the minimum average balance required to avoid maintenance charges?<\/h2>\n\n\n\n<p>A. \u20b91,000<br>B. \u20b9100<br>C. \u20b9500<br>D. \u20b9250<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is:  \u20b9500<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">10.What is the annual maintenance fee charged if minimum balance is not maintained?<\/h2>\n\n\n\n<p>A. \u20b9100<br>B. \u20b950<br>C. \u20b925<br>D. \u20b9200<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is:  \u20b950<\/div>\n\n\n\n<!--nextpage-->\n\n\n\n<h2 class=\"wp-block-heading\"><strong>11. What is the minimum average balance required to avoid maintenance charges?<\/strong><\/h2>\n\n\n\n<p>A) \u20b91,000<br>B) \u20b9100<br>C) \u20b9500<br>D) \u20b9250<\/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. What is the annual maintenance fee charged if minimum balance is not maintained?<\/strong><\/h2>\n\n\n\n<p>A) \u20b9100<br>B) \u20b950<br>C) \u20b925<br>D) \u20b9200<\/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>13. When is the annual maintenance charge deducted?<\/strong><\/h2>\n\n\n\n<p>A) 31st March<br>B) Last working day of financial year<br>C) 1st April<br>D) Monthly<\/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 is the applicable rate of interest for Post Office Savings Account?<\/strong><\/h2>\n\n\n\n<p>A) 3% p.a.<br>B) 5% p.a.<br>C) 4% p.a.<br>D) Variable with inflation<\/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>15. Under which condition is no interest paid on a savings account?<\/strong><\/h2>\n\n\n\n<p>A) If the depositor holds multiple accounts<br>B) If balance falls below \u20b9500<br>C) If cheque is bounced<br>D) If deposit is made on a Sunday<\/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. On what basis is interest calculated on this account?<\/strong><\/h2>\n\n\n\n<p>A) Average daily balance<br>B) Highest balance in month<br>C) Lowest balance between 10th and month-end<br>D) Closing balance of financial year<\/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>17. When is the interest credited to the Post Office Savings Account?<\/strong><\/h2>\n\n\n\n<p>A) Monthly<br>B) Half-yearly<br>C) Quarterly<br>D) Annually<\/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>18. How is interest rounded off in this scheme?<\/strong><\/h2>\n\n\n\n<p>A) To the nearest \u20b90.10<br>B) \u20b90.50 or more = \u20b91; less than \u20b90.50 = \u20b90<br>C) Rounded to next \u20b910<br>D) \u20b91 or more 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: B<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>19. Till when is interest payable after the death of the account holder?<\/strong><\/h2>\n\n\n\n<p>A) Up to date of death<br>B) Up to next interest credit cycle<br>C) Till end of month before closure<br>D) Up to closure day<\/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. When does an account become classified as Silent?<\/strong><\/h2>\n\n\n\n<p>A) No deposit in 1 year<br>B) No withdrawal in 2 years<br>C) No transaction in 3 full financial years<br>D) No nomination<\/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<!--nextpage-->\n\n\n\n<h2 class=\"wp-block-heading\"><strong>21. What is considered a transaction to keep the account active?<\/strong><\/h2>\n\n\n\n<p>A) At least one deposit or withdrawal<br>B) Manual update in passbook<br>C) Interest credit<br>D) Mobile OTP confirmation<\/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>22. Can a Silent Account earn interest?<\/strong><\/h2>\n\n\n\n<p>A) No interest is credited at all<br>B) Yes, only if balance exceeds \u20b91,000<br>C) Yes, but interest credit alone is not a transaction<br>D) Yes, and it counts as transaction<\/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. How can a Silent Account be revived?<\/strong><\/h2>\n\n\n\n<p>A) After 5 years of inactivity<br>B) On request and completing due process<br>C) By submitting Aadhaar<br>D) By submitting Form 60<\/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>24. Can a person open both a Basic Savings Account and a regular Post Office Savings Account?<\/strong><\/h2>\n\n\n\n<p>A) Yes, for different schemes<br>B) No, only one individual account of either type allowed<br>C) Yes, if PAN and Aadhaar are different<br>D) Only after 3 years gap<\/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>25. Who determines whether the account holder is registered under a Government Welfare Scheme for opening a Basic Savings Account?<\/strong><\/h2>\n\n\n\n<p>A) RBI<br>B) Ministry of Social Welfare<br>C) Post Office based on valid proof<br>D) District Magistrate<\/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>Post Office SavingsAccount Scheme 2019 MCQs-&#8220;Practice high-quality MCQs for the Inspector of Post Office (IPO) Exam covering key postal rules, [&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-373","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\/373","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=373"}],"version-history":[{"count":4,"href":"https:\/\/postaladda.com\/mcq\/wp-json\/wp\/v2\/posts\/373\/revisions"}],"predecessor-version":[{"id":1131,"href":"https:\/\/postaladda.com\/mcq\/wp-json\/wp\/v2\/posts\/373\/revisions\/1131"}],"wp:attachment":[{"href":"https:\/\/postaladda.com\/mcq\/wp-json\/wp\/v2\/media?parent=373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/postaladda.com\/mcq\/wp-json\/wp\/v2\/categories?post=373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/postaladda.com\/mcq\/wp-json\/wp\/v2\/tags?post=373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}