{"id":823,"date":"2025-09-18T02:26:54","date_gmt":"2025-09-18T02:26:54","guid":{"rendered":"https:\/\/postaladda.com\/mcq\/?p=823"},"modified":"2025-12-08T01:26:34","modified_gmt":"2025-12-08T01:26:34","slug":"mcqs-on-kisan-vikas-patra-kvp-scheme","status":"publish","type":"post","link":"https:\/\/postaladda.com\/mcq\/mcqs-on-kisan-vikas-patra-kvp-scheme\/","title":{"rendered":"MCQs on Kisan Vikas Patra (KVP) Scheme"},"content":{"rendered":"\n<p>Kisan Vikas Patra (KVP) Scheme-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.The Kisan Vikas Patra (KVP) scheme was originally launched in which year?<\/h2>\n\n\n\n<p>A. 1995<br>B. 1988<br>C. 2000<br>D. 2010<\/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\">2.KVP was reintroduced in:<\/h2>\n\n\n\n<p>A. March 2014<br>B. November 2014<br>C. January 2015<br>D. July 2013<\/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.What is the main objective of the KVP scheme?<\/h2>\n\n\n\n<p>A. Provide pension to farmers<br>B. Provide short-term loans<br>C. Encourage long-term savings and double investment<br>D. Promote insurance cover<\/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.KVP is available at:<\/h2>\n\n\n\n<p>A. RBI only<br>B. Banks only<br>C. Post offices and selected banks<br>D. Government departments<\/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.KVP is open to<\/h2>\n\n\n\n<p>A. Only farmers<br>B. NRIs<br>C. All Indian citizens<br>D. Senior citizens 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\">6.What is the minimum deposit required in a KVP account?<\/h2>\n\n\n\n<p>A. \u20b9500<br>B. \u20b9100<br>C. \u20b91,000<br>D. \u20b91,500<\/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\">7.Deposits in KVP should be in multiples of:<\/h2>\n\n\n\n<p>A. \u20b950<br>B. \u20b9100<br>C. \u20b9500<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:  B<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">8.What is the maximum limit of investment in KVP?<\/h2>\n\n\n\n<p>A. \u20b910 lakh<br>B. \u20b91 crore<br>C. \u20b95 lakh<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:  D<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">9.KVP accounts can be opened in which of the following types?<\/h2>\n\n\n\n<p>A. Single, Joint A, Joint B, Minor, Guardian<br>B. Only Single and Minor<br>C. Single and Joint A only<br>D. Joint B and Guardian 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:  A<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">10.Which of the following is true about Joint A-type KVP account?<\/h2>\n\n\n\n<p>A. Payable to the first holder only<br>B. Payable to any one<br>C. Payable jointly to all holders<br>D. Can be opened only with a spouse<\/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\">11.What is the maturity period of KVP accounts opened after April 1, 2020?<\/h2>\n\n\n\n<p>A. 5 years<br>B. 7 years<br>C. 9 years<br>D. 10 years and 4 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:  D<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">12.What happens to the deposit on maturity under KVP?<\/h2>\n\n\n\n<p>A. Doubles<br>B. Gets tax-free bonus<br>C. Reduces<br>D. Partial withdrawal<\/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\">13.What is the interest rate of KVP as of 2024?<\/h2>\n\n\n\n<p>A. 7.6%<br>B. 6.5%<br>C. 6.9%<br>D. 7.1%<\/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\">14.Interest under KVP is:<\/h2>\n\n\n\n<p>A. Paid monthly<br>B. Compounded annually<br>C. Simple interest<br>D. Paid quarterly<\/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\">15.Can a person open multiple KVP accounts?<\/h2>\n\n\n\n<p>A. No<br>B. Only 2 accounts<br>C. Yes<br>D. Only 1 per 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\">16.Which of the following is not an eligible account type under KVP?<\/h2>\n\n\n\n<p>A. Single Holder<br>B. Joint B-type<br>C. Company account<br>D. Guardian on behalf of 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:  C<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">17.What is the minimum period after which KVP can be closed prematurely (except special cases)?<\/h2>\n\n\n\n<p>A. 1 year<br>B. 18 months<br>C. 2 years<br>D. 2 years and 6 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:  D<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">18.What is paid on premature closure before 2.5 years in case of death of the holder?<\/h2>\n\n\n\n<p>A. Maturity amount<br>B. No payment<br>C. Principal + simple interest (POSA rate)<br>D. Principal 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\">19.Premature closure of KVP is not allowed in which of the following cases?<\/h2>\n\n\n\n<p>A. Death of holder<br>B. Forfeiture by Gazetted Officer (pledged account)<br>C. On court order<br>D. Personal financial emergency<\/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\">20.If a KVP account is pledged and forfeited by a Gazetted Officer, what is paid on closure?<\/h2>\n\n\n\n<p>A. Principal only<br>B. Maturity amount<br>C. Principal + POSA interest<br>D. No payment<\/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.Interest on KVP is:<\/h2>\n\n\n\n<p>A. Tax-free<br>B. Exempt under Section 10(10D)<br>C. Fully taxable<br>D. Deducted at source<\/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\">22.Does KVP offer any tax deduction under Section 80C?<\/h2>\n\n\n\n<p>A. Yes, full amount<br>B. Yes, up to \u20b91.5 lakh<br>C. No tax benefit<br>D. Only for senior citizens<\/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.Transfer of KVP account is allowed in which of the following cases?<\/h2>\n\n\n\n<p>A. Change in residence<br>B. On death of account holder<br>C. On marriage of account holder<br>D. On achieving maturity<\/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\">24.KVP nomination facility is:<\/h2>\n\n\n\n<p>A. Not available<br>B. Compulsory<br>C. Available<br>D. Only for single 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\">25.In a joint account, if one account holder dies, KVP account<\/h2>\n\n\n\n<p>A. Is closed<br>B. Is forfeited<br>C. Transfers to surviving holder(s)<br>D. Cannot be transferred<\/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\">26.Which form is used to open a KVP account?<\/h2>\n\n\n\n<p>A. Form-3<br>B. SB-10<br>C. Form-1<br>D. GSPR-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:  C<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">27.Which age group is not restricted under KVP eligibility?<\/h2>\n\n\n\n<p>A. Adults<br>B. Senior citizens<br>C. Children above 10<br>D. All of the above<\/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\">28.What happens to excess deposit beyond the maturity value in KVP?<\/h2>\n\n\n\n<p>A. Forfeited<br>B. Refunded with POSA interest<br>C. Refunded without interest<br>D. Added to interest<\/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\">29.What is the investment tenure of KVP accounts opened post April 2020?<\/h2>\n\n\n\n<p>A. 120 months<br>B. 124 months<br>C. 125 months<br>D. 128 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\">30.KVP account can be transferred to another location:<\/h2>\n\n\n\n<p>A. Only with RBI permission<br>B. Cannot be transferred<br>C. Can be transferred anywhere in India<br>D. Only within same circle<\/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","protected":false},"excerpt":{"rendered":"<p>Kisan Vikas Patra (KVP) Scheme-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-823","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\/823","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=823"}],"version-history":[{"count":3,"href":"https:\/\/postaladda.com\/mcq\/wp-json\/wp\/v2\/posts\/823\/revisions"}],"predecessor-version":[{"id":1149,"href":"https:\/\/postaladda.com\/mcq\/wp-json\/wp\/v2\/posts\/823\/revisions\/1149"}],"wp:attachment":[{"href":"https:\/\/postaladda.com\/mcq\/wp-json\/wp\/v2\/media?parent=823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/postaladda.com\/mcq\/wp-json\/wp\/v2\/categories?post=823"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/postaladda.com\/mcq\/wp-json\/wp\/v2\/tags?post=823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}