{"id":828,"date":"2025-09-18T02:42:25","date_gmt":"2025-09-18T02:42:25","guid":{"rendered":"https:\/\/postaladda.com\/mcq\/?p=828"},"modified":"2025-12-08T01:16:32","modified_gmt":"2025-12-08T01:16:32","slug":"public-provident-fund-ppf-scheme","status":"publish","type":"post","link":"https:\/\/postaladda.com\/mcq\/public-provident-fund-ppf-scheme\/","title":{"rendered":"Public Provident Fund (PPF) Scheme \u2013 MCQs"},"content":{"rendered":"\n<p>Public Provident Fund (PPF) Scheme \u2013 MCQs-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.In which year was the Public Provident Fund (PPF) scheme introduced in India?<\/h2>\n\n\n\n<p>A. 1952<br>B. 1968<br>C. 1980<br>D. 1975<\/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.What is the primary objective of the PPF scheme?<\/h2>\n\n\n\n<p>A. Provide short-term loans<br>B. Offer housing subsidy<br>C. Encourage savings for retirement<br>D. Boost rural employment<\/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\">3.Who is eligible to open a PPF account?<\/h2>\n\n\n\n<p>A. Only salaried employees<br>B. Any Indian resident individual<br>C. NRIs<br>D. Companies<\/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\">4. How many PPF accounts can a person open in their own name?<\/h2>\n\n\n\n<p>A. Two<br>B. Unlimited<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:  C<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">5.Can a joint PPF account be opened?<\/h2>\n\n\n\n<p>A. Yes<br>B. No<br>C. Only with spouse<br>D. Only with 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\">6.Can a guardian open a PPF account for a minor?<\/h2>\n\n\n\n<p>A. No<br>B. Yes<br>C. Only if guardian is mother<br>D. Only after 10 years of age<\/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.What is the minimum annual deposit required to keep a PPF account active?<\/h2>\n\n\n\n<p>A. \u20b91,000<br>B. \u20b9100<br>C. \u20b9500<br>D. \u20b95,000<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is:  C<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">8.What is the maximum deposit allowed in a PPF account in a financial year?<\/h2>\n\n\n\n<p>A. \u20b91,00,000<br>B. \u20b91,50,000<br>C. \u20b92,00,000<br>D. \u20b91,75,000<\/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\">9.Deposits in a PPF account must be in multiples of:<\/h2>\n\n\n\n<p>A. \u20b910<br>B. \u20b9500<br>C. \u20b9100<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:  D<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">10.Which Income Tax Act section allows deduction for PPF deposits?<\/h2>\n\n\n\n<p>A. Section 24<br>B. Section 80G<br>C. Section 80C<br>D. Section 10A<\/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.When is the interest in a PPF account credited?<\/h2>\n\n\n\n<p>A. Monthly<br>B. Quarterly<br>C. Annually<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:  C<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">12.Interest is calculated on the lowest balance between:<\/h2>\n\n\n\n<p>A. 1st and 30th of the month<br>B. 10th and end of month<br>C. 1st and 15th<br>D. 5th and 25th<\/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 happens if the minimum \u20b9500 is not deposited in a financial year?<\/h2>\n\n\n\n<p>A. Account is closed<br>B. Penalty is imposed<br>C. Account becomes &#8220;discontinued&#8221;<br>D. Interest is stopped<\/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.How can a discontinued PPF account be revived?<\/h2>\n\n\n\n<p>A. By writing to the bank<br>B. By paying \u20b91,000<br>C. By paying \u20b950 per default year + \u20b9500 arrears per year<br>D. Revival is not 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\">15.Can a loan be availed from a discontinued PPF account?<\/h2>\n\n\n\n<p>A. Yes<br>B. No<br>C. Only after 3 years<br>D. Only after 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\">16.Loan from PPF is available during which financial years?<\/h2>\n\n\n\n<p>A. 2nd to 5th<br>B. 3rd to 6th<br>C. 1st to 3rd<br>D. 5th to 10th<\/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\">17.What is the maximum loan allowed from PPF balance?<\/h2>\n\n\n\n<p>A. 10% of current balance<br>B. 50% of balance at end of previous year<br>C. 25% of balance at end of 2nd year before loan<br>D. \u20b91 lakh<\/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.How long is the repayment period for a PPF loan?<\/h2>\n\n\n\n<p>A. 12 months<br>B. 24 months<br>C. 36 months<br>D. 60 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:  C<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">19.What is the interest rate on a timely repaid PPF loan?<\/h2>\n\n\n\n<p>A. 6%<br>B. 1%<br>C. 2%<br>D. 4%<\/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\">20.If loan repayment is delayed beyond 36 months, what interest rate is charged?<\/h2>\n\n\n\n<p>A. 4%<br>B. 6%<br>C. 8%<br>D. 2%<\/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\">21.Can a second loan be availed without repaying the first loan fully?<\/h2>\n\n\n\n<p>A. No<br>B. Yes<br>C. Only after maturity<br>D. Only if interest is paid<\/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\">22.When is partial withdrawal allowed from a PPF account?<\/h2>\n\n\n\n<p>A. From 3rd year<br>B. From 5th year<br>C. From 7th financial year<br>D. From 10th 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\">23.Maximum withdrawal limit from PPF is:<\/h2>\n\n\n\n<p>A. 50% of current balance<br>B. 25% of current balance<br>C. 50% of balance at end of 4th year or preceding year (lower)<br>D. \u20b91 lakh<\/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.Frequency of partial withdrawal from PPF:<\/h2>\n\n\n\n<p>A. Once a year<br>B. Unlimited<br>C. Once a month<br>D. Twice a 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:  A<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">25.PPF account matures after:<\/h2>\n\n\n\n<p>A. 10 years<br>B. 15 years from date of account opening<br>C. 15 years from end of financial year of opening<br>D. 20 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\">26.Upon maturity, a PPF account can be:<\/h2>\n\n\n\n<p>A. Closed only<br>B. Continued without deposits<br>C. Continued with deposits in 5-year blocks<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\">27.What form is used to continue PPF account with deposits after maturity?<\/h2>\n\n\n\n<p>A. Form 1<br>B. Form 3<br>C. Form 4<br>D. Form 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\">28.Deadline to opt for extension with deposit after maturity:<\/h2>\n\n\n\n<p>A. 3 months<br>B. 1 year<br>C. 6 months<br>D. 2 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:  B<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">29.Once continued without deposit, can the account be changed to deposit mode later?<\/h2>\n\n\n\n<p>A. Yes<br>B. No<br>C. Only with approval<br>D. Only if within 1 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:  B<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">30.Withdrawal during extension (with deposit) is restricted to:<\/h2>\n\n\n\n<p>A. 60% of balance at start of block<br>B. 50% of current balance<br>C. \u20b91.5 lakh<br>D. No withdrawal 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:  A<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Public Provident Fund (PPF) Scheme \u2013 MCQs-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":[1,4,18],"tags":[],"class_list":["post-828","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\/828","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=828"}],"version-history":[{"count":2,"href":"https:\/\/postaladda.com\/mcq\/wp-json\/wp\/v2\/posts\/828\/revisions"}],"predecessor-version":[{"id":1147,"href":"https:\/\/postaladda.com\/mcq\/wp-json\/wp\/v2\/posts\/828\/revisions\/1147"}],"wp:attachment":[{"href":"https:\/\/postaladda.com\/mcq\/wp-json\/wp\/v2\/media?parent=828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/postaladda.com\/mcq\/wp-json\/wp\/v2\/categories?post=828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/postaladda.com\/mcq\/wp-json\/wp\/v2\/tags?post=828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}