Hi friends, here is the MCQ on Government Savings Promotion General Rules 2018. GSPR 2018 is a very Important topic for Inspector Posts Exam (IPO Exam), Postal Service Group B Exam (PS Gr.B Exam) and other Postal Exams. We have prepared this MCQ selecting the most Important and expected questions, from the exam point of view.
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Attempt Full MCQ Quiz on Government Savings Promotion General Rules 2018
MCQ on Government Savings Promotion General Rules 2018
1. Under which section of Government Savings Promotion Act 1873, Government Savings Promotion General Rules, 2018 has been made?
(A)Section 15
(B)Section 7
(C)Section 41
(D)Section 11
Correct answer
(A)Section 15
2. Government Savings Promotion General Rules, 2018 came into force on?
(A)12 December 2019
(B)1 January 2018
(C)17 July 2019
(D)5 October 2018
Correct answer
(D)5 October 2018
3. “Joint Account” under GSPR 2018 means an account opened in the names of more than one and upto ____individuals?
(A)two
(B)three
(C)four
(D)any number of individuals
Correct answer
(C)four
4. “Officially Valid Document” as defined under GSPR 2018 does not include which among the following?
(A)Driving licence
(B)Voter’s Identity Card issued by the Election Commission of India
(C)Aadhar Card issued by UIDAI
(D)job card issued by MGNREGS
Correct answer
(C)Aadhar Card issued by UIDAI
5. “Operation of an Account” under GSPR 2018 has the meaning?
(A)opening
(B)deposit/transfer
(C)withdrawal
(D)All the above
Correct answer
(D)All the above
6. “Definitions” is contained in which section of Government Savings Promotion General Rules, 2018?
(A)Section 1
(B)Section 2
(C)Section 3
(D)Section 4
Correct answer
(C)Section 3
7. Which among the following is NOT an eligible condition to open an account as defined in Section 4 of GSPR 2018?
(A)An adult who is a resident citizen of India
(B)A Minor who has attained the age of ten years
(C)Account may be opened by a guardian on behalf of a minor or person of unsound mind
(D)A person who is opening the account should invariably be literate
Correct answer
(D)A person who is opening the account should invariably be literate
8. A Minor who has attained the age of __ years may open and operate an account in accordance with the provisions of a Savings Scheme?
(A)18 years
(B)12 years
(C)10 years
(D)7 years
Correct answer
(C)10 years
9. What action is to be caused when a depositor in a single account, or any of the depositors in a joint account, or either the guardian of minor or person of unsound mind or minor depositor, as the case may be, subsequently becomes Non-resident Indian during the period the account is in operation?
(A)The Account should be closed forthwith and deposit returned to the depositor
(B)Account may be continued till its maturity and the benefits available to the depositor in the said account shall be available only on non-repatriation basis
(C)Account may be continued but without accrual of any interest from the date it is known that the depositor has become a Non-resident Indian
(D)Account should be closed forthwith and any interest paid shall be recovered
Correct answer
(B)Account may be continued till its maturity and the benefits available to the depositor in the said account shall be available only on non-repatriation basis
10. Which among the following is/are the conditions under GSPR 2018, while a depositor has become a Non-resident Indian during the period the account is in operation?
(A)the account may be continued till its maturity
(B)account shall not be allowed to be extended or continued beyond maturity, even if such extension or continuation is and otherwise permissible
(C)no interest shall be payable after the date of its maturity
(D)All the above are correct
Correct answer
(D)All the above are correct
11. Under GSPR 2018, if a depositor ceases to be a citizen of India, the account shall be closed or deemed to be closed from?
(A)the date of which the depositor ceases to be a citizen of India
(B)last day of the month following the month in which the depositor ceases to be a citizen of India
(C)last day of the month in which the depositor ceases to be a citizen of India
(D)last day of the month preceding the month in which the depositor ceases to be a citizen of India
Correct answer
(D)last day of the month preceding the month in which the depositor ceases to be a citizen of India
12. Opening of an account is mentioned in which section of GSPR 2018?
(A)Section 2
(B)Section 3
(C)Section 5
(D)Section 12
Correct answer
(C)Section 5
13. Which among the following categories of individuals desiring to open an account shall personally visit the Accounts Office for authentication of his signature or thumb impression by the Accounts Office provided he shall be accompanied by a person known to the Accounts Office?
(A)An illiterate
(B)a blind
(C)visually challenged
(D)All the above
Correct answer
(D)All the above
14. An illiterate depositor shall be assisted by __ for opening and operating the account under the provisions of GSPR 2018?
(A)Authorised Officer of Accounts office
(B)Any person known to the Post office
(C)A near relative of the illiterate depositor
(D)illiterate depositor is not eligible to open account
Correct answer
(A)Authorised Officer of Accounts office
15. A blind or visually challenged or illiterate depositor may open joint account with?
(A)A blind or visually challenged or illiterate person only
(B)with literate depositor
(C)joint account cannot be opened by a blind or visually challenged or illiterate person
(D)with his/her father/mother/spouse only
Correct answer
(B)with literate depositor
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Preparation ip exam purpose.
Yes sir my exam 23/24 april
I want that only mcq all paper practicing now a days.kindly sir help.
Kindly add some more practice questions… It will help us to thorough the subject. Please sir