{"id":804,"date":"2025-09-17T01:24:19","date_gmt":"2025-09-17T01:24:19","guid":{"rendered":"https:\/\/postaladda.com\/mcq\/?p=804"},"modified":"2025-12-06T06:50:53","modified_gmt":"2025-12-06T06:50:53","slug":"national-saving-recurring-deposit-scheme-2019","status":"publish","type":"post","link":"https:\/\/postaladda.com\/mcq\/national-saving-recurring-deposit-scheme-2019\/","title":{"rendered":"National Saving Recurring Deposit Scheme 2019 MCQs"},"content":{"rendered":"\n<p>National Saving Recurring Deposit Scheme 2019- 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.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">1.Who is eligible to open an RD account under the scheme?<\/h2>\n\n\n\n<p>A. Non-resident Indian (NRI)<br>B. Minor aged 9 years<br>C. Guardian on behalf of minor<br>D. Private limited company<\/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\">2.What is the maximum number of holders allowed in a joint RD account?<\/h2>\n\n\n\n<p>A. 2<br>B. 3<br>C. 4<br>D. 5<\/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\">3.Can a depositor hold multiple RD accounts under this scheme?<\/h2>\n\n\n\n<p>A. No<br>B. Only one joint and one single<br>C. Yes, in single or joint names<br>D. Only one per branch<\/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\">4.What is the tenure of a National Savings RD account?<\/h2>\n\n\n\n<p>A. 3 years<br>B. 4 years<br>C. 5 years<br>D. 6 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:  C<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">5.What is the minimum deposit amount allowed in this scheme<\/h2>\n\n\n\n<p>A. \u20b910<br>B. \u20b9100<br>C. \u20b9500<br>D. \u20b950<\/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\">6.In what multiples should deposits be made?<\/h2>\n\n\n\n<p>A. \u20b95<br>B. \u20b910<br>C. \u20b920<br>D. \u20b950<\/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\">7.If an RD account is opened on or before the 15th of a month, what is the last date for that month&#8217;s deposit?<\/h2>\n\n\n\n<p>A. 10th<br>B. 15th<br>C. 20th<br>D. Last working 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:  B<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">8.If an RD account is opened after the 15th, the deposit should be made by:<\/h2>\n\n\n\n<p>A. 10th<br>B. 20th<br>C. Last working day of the month<br>D. Next 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:  C<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">9.If an account has up to 4 defaults, what is allowed?<\/h2>\n\n\n\n<p>A. Account is permanently closed<br>B. Account must be restarted<br>C. Account can be extended by number of defaulted months<br>D. No action required<\/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\">10.If an account has more than 4 defaults, it is considered:<\/h2>\n\n\n\n<p>A. Active<br>B. Revived<br>C. Matured<br>D. Discontinued<\/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<!--nextpage-->\n\n\n\n<h2 class=\"wp-block-heading\">11.A discontinued RD account can be revived:<\/h2>\n\n\n\n<p>A. Any time before maturity<br>B. Only in the next financial year<br>C. Within 2 months after 4th default<br>D. Within 6 months after first default<\/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\">12. What is the revival fee per defaulted month per \u20b9100 denomination?<\/h2>\n\n\n\n<p>A. \u20b92<br>B. \u20b91<br>C. \u20b95<br>D. \u20b910<\/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.What is the rebate if 6 to 11 advance deposits are made?<\/h2>\n\n\n\n<p>A. \u20b95<br>B. \u20b910<br>C. \u20b920<br>D. \u20b940<\/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\">14.What rebate is given for 12 months&#8217; advance deposit?<\/h2>\n\n\n\n<p>A. \u20b920<br>B. \u20b910<br>C. \u20b930<br>D. \u20b940<\/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\">15.What is the minimum advance deposit period to be eligible for rebate?<\/h2>\n\n\n\n<p>A. 3 months<br>B. 6 months<br>C. 12 months<br>D. 2 months<\/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\">16.What is the maximum period for which advance deposits are allowed?<\/h2>\n\n\n\n<p>A. 3 years<br>B. 4 years<br>C. 5 years<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:  C<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">17. For how long can an RD account be extended beyond maturity?<\/h2>\n\n\n\n<p>A. 2 years<br>B. 3 years<br>C. 5 years<br>D. No extension allowed<\/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\">18.Can an RD account be closed during the extension period?<\/h2>\n\n\n\n<p>A. No<br>B. Only after 1 year<br>C. Yes, anytime<br>D. Only by 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:  C<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">19.What is the maximum interest payable post-maturity in extension?<\/h2>\n\n\n\n<p>A. 3 years<br>B. 4 years<br>C. 5 years<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:  C<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">20.After the death of an account holder, what happens to the RD account?<\/h2>\n\n\n\n<p>A. Deposits continue as usual<br>B. New nominee must deposit<br>C. No further deposits allowed<br>D. Account gets frozen<\/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\">21.In a joint account, if one holder dies, the account:<\/h2>\n\n\n\n<p>A. Is closed automatically<br>B. Passes to surviving holder(s)<br>C. Converted to minor account<br>D. Reverts to 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:  B<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">22.Under what conditions is full maturity amount paid to nominee on death?<\/h2>\n\n\n\n<p>A. If account is of \u20b9500 denomination<br>B. If revival fee is unpaid<br>C. If account is active for 2 years and other conditions met<br>D. Always<\/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\">23.What is the minimum period the RD account must be active for protected savings benefit?<\/h2>\n\n\n\n<p>A. 6 months<br>B. 1 year<br>C. 2 years<br>D. 3 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:  C<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">24.Protected savings clause does not apply if:<\/h2>\n\n\n\n<p>A. No defaults occurred<br>B. Loan was taken in first 24 months<br>C. Account is in single name<br>D. Nominee is 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\">25. After how many months of regular deposits can a loan be availed?<\/h2>\n\n\n\n<p>A. 6<br>B. 12<br>C. 18<br>D. 24<\/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","protected":false},"excerpt":{"rendered":"<p>National Saving Recurring Deposit Scheme 2019- Practice high-quality MCQs for the Inspector of Post Office (IPO) Exam covering key postal [&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":[4,1,18],"tags":[],"class_list":["post-804","post","type-post","status-publish","format-standard","hentry","category-ipo-mcqs","category-blog","category-ipo-paper-01"],"_links":{"self":[{"href":"https:\/\/postaladda.com\/mcq\/wp-json\/wp\/v2\/posts\/804","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=804"}],"version-history":[{"count":2,"href":"https:\/\/postaladda.com\/mcq\/wp-json\/wp\/v2\/posts\/804\/revisions"}],"predecessor-version":[{"id":1133,"href":"https:\/\/postaladda.com\/mcq\/wp-json\/wp\/v2\/posts\/804\/revisions\/1133"}],"wp:attachment":[{"href":"https:\/\/postaladda.com\/mcq\/wp-json\/wp\/v2\/media?parent=804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/postaladda.com\/mcq\/wp-json\/wp\/v2\/categories?post=804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/postaladda.com\/mcq\/wp-json\/wp\/v2\/tags?post=804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}