{"id":470,"date":"2025-07-08T15:01:39","date_gmt":"2025-07-08T15:01:39","guid":{"rendered":"https:\/\/postaladda.com\/mcq\/?p=470"},"modified":"2025-07-08T15:01:40","modified_gmt":"2025-07-08T15:01:40","slug":"india-post-payments-bank-mcqs","status":"publish","type":"post","link":"https:\/\/postaladda.com\/mcq\/india-post-payments-bank-mcqs\/","title":{"rendered":"India Post Payments Bank MCQs"},"content":{"rendered":"\n<p>India Post Payments Bank 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.<strong>Who owns 100% of India Post Payments Bank (IPPB)?<\/strong><\/h2>\n\n\n\n<p>A. Reserve Bank of India<br>B. Ministry of Finance<br>C. Department of Posts, Government of India <br>D. NITI Aayog<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is:  Department of Posts, Government of India<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">2.<strong>When was the pilot project for IPPB launched?<\/strong><\/h2>\n\n\n\n<p>A. 1st September 2018<br>B. 30th January 2017 <br>C. 15th August 2017<br>D. 1st April 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: 30th January 2017<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">3.<strong>Which two cities were selected for IPPB\u2019s pilot launch?<\/strong><\/h2>\n\n\n\n<p>A. Patna and Raipur<br>B. Ranchi and Raipur <br>C. Jaipur and Jamshedpur<br>D. Bhopal and Bhubaneswar<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is: Ranchi and Raipur<\/div>\n\n\n\n<ol class=\"wp-block-list\"><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\">4.<strong>When was IPPB formally inaugurated nationwide?<\/strong><\/h2>\n\n\n\n<p>A. 1st April 2018<br>B. 30th June 2017<br>C. 1st September 2018 <br>D. 15th August 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: 1st September 2018<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">5.<strong>Who inaugurated the India Post Payments Bank?<\/strong><\/h2>\n\n\n\n<p>A. President of India<br>B. Minister of Communications<br>C. Prime Minister Shri Narendra Modi <br>D. RBI Governor<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is: Prime Minister Shri Narendra Modi<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">6.<strong>What is the initial deposit required for opening a Premium Savings Account in IPPB?<\/strong><\/h2>\n\n\n\n<p>A. \u20b9500<br>B. \u20b9100<br>C. \u20b90<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: \u20b9200<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">7.<strong>What is the maximum end-of-day (EOD) balance permitted in Premium Savings Account?<\/strong><\/h2>\n\n\n\n<p>A. \u20b91,00,000<br>B. \u20b91,50,000<br>C. \u20b92,00,000 <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:\u20b92,00,000<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">8.<strong>What is the Monthly Average Balance (MAB) to avail premium benefits under Premium Savings Account?<\/strong><\/h2>\n\n\n\n<p>A. \u20b9500<br>B. \u20b92,000 <br>C. \u20b91,000<br>D. Nil<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is:\u20b92,000<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">9.<strong>How frequently is interest credited in Premium and Regular Savings Accounts?<\/strong><\/h2>\n\n\n\n<p>A. Monthly<br>B. Annually<br>C. Quarterly <br>D. Half-yearly<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is: Quarterly<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">10.<strong>What is the charge for SMS alerts in Premium and Regular Savings Accounts?<\/strong><\/h2>\n\n\n\n<p>A. \u20b915\/month<br>B. \u20b910 per quarter <br>C. Free<br>D. \u20b920 per month<\/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 per quarter<\/div>\n","protected":false},"excerpt":{"rendered":"<p>India Post Payments Bank MCQs-&#8220;Practice high-quality MCQs for the Inspector of Post Office (IPO) Exam covering key postal rules, procedures, [&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-470","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\/470","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=470"}],"version-history":[{"count":1,"href":"https:\/\/postaladda.com\/mcq\/wp-json\/wp\/v2\/posts\/470\/revisions"}],"predecessor-version":[{"id":471,"href":"https:\/\/postaladda.com\/mcq\/wp-json\/wp\/v2\/posts\/470\/revisions\/471"}],"wp:attachment":[{"href":"https:\/\/postaladda.com\/mcq\/wp-json\/wp\/v2\/media?parent=470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/postaladda.com\/mcq\/wp-json\/wp\/v2\/categories?post=470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/postaladda.com\/mcq\/wp-json\/wp\/v2\/tags?post=470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}