Hi friends, here is the India Post Annual Report 2020-21 Objective Questions. Annual Report is a very Important topic for the upcoming Inspector Posts Exam. In the last IPO Exam held in the year 2019, more than 15 questions have been asked rom this topic. Thus it is very important to learn the topic well. To make your preparation ease, we bring you the India Post Annual Report 2020-21 in MCQ format.
The questions discussed here will be useful for Inspector Posts Exam (IPO Exam), Postal Service Group B Exam (PS Gr.B Exam) and other Postal Exams. Attempt the questions and share your feedback.
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Check full MCQ on India Annual Report 2020-21
India Post Annual Report 2020-21 Objective Questions
1. Commemorative Postage Stamp “Salute to COVID-19 Warriors” was issued by the Department of Posts on?
(A)24 December 2020
(B)23 October 2020
(C)2 October 2020
(D)8 March 2021
Correct answer
(A)24 December 2020
2. Post Office Savings Bank (POSB) facilities are available since the year?
(A)1884
(B)1944
(C)1923
(D)1882
Correct answer
(D)1882
3. The Department of Posts operates POSB Schemes on behalf of?
(A)Reserve Bank of India
(B)Department of Personnel and Training
(C)Ministry of Finance
(D)Department of Posts operates POSB Schemes on its own
Correct answer
(C)Ministry of Finance
4. Post Office Savings Bank account can be opened by Single or Joint holders (two adults) with a minimum balance of?
(A)Rs.50
(B)Rs.100
(C)Rs.500
(D)Rs.1000
Correct answer
(C)Rs.500
5. Which among the following services is not available for account holders of Post Office Savings Bank Account?
(A)ATM
(B)e-Banking
(C)Mobile Banking
(D)Virtual Banking
Correct answer
(D)Virtual Banking
6. Interest earned up to Rs._ in a FY is exempted from income tax under POSB?
(A)Rs.50,000/-
(B)Rs.10,000/-
(C)Rs.5,000/-
(D)Rs.1000/-
Correct answer
(B)Rs.10,000/-
7. National Savings Recurring Deposit Account can be opened by a single person or as a joint account (up to 3 adults) with a minimum deposit of?
(A)Rs.1000/-
(B)Rs.500/-
(C)Rs.100/-
(D)Rs.50/-
Correct answer
(C)Rs.100/-
8. RD account can be further extended for up to?
(A)2 years
(B)3 years
(C)5 years
(D)10 years
Correct answer
(C)5 years
9. RD Accounts can be closed prematurely after completion of __ years from the date of opening of account?
(A)One year
(B)Two years
(C)Three years
(D)Four years
Correct answer
(C)Three years
10. Loan facility is available after _____year of account opening under RD?
(A)Two Years
(B)Three years
(C)One year
(D)Loan facility not available in RD account
Correct answer
(C)One year
11. TD Accounts can be closed prematurely after completion of __ from the date of opening of account?
(A)One year
(B)Two years
(C)Three years
(D)six months
Correct answer
(D)six months
12. MIS Accounts can be closed prematurely after completion of __ year from the date of opening of account?
(A)one year
(B)two years
(C)three years
(D)four years
Correct answer
(A)one year
13. Public Provident Fund Account can be opened as a single account for a period of __ years with a minimum of Rs.500?
(A)5 years
(B)10 years
(C)15 years
(D)20 years
Correct answer
(C)15 years
14. What is the maximum deposit in a financial year under Public Provident Fund Account (PPF)?
(A)Rs.1500/-
(B)Rs.1 Lakh
(C)Rs.1.5 Lakh
(D)Rs.4.5 Lakh
Correct answer
(C)Rs.1.5 Lakh
15. How many individual PPF Account can be opened either in post office or bank?
(A)One at Post Office and one at bank
(B)No limit
(C)Only one
(D)None of these
Correct answer
(C)Only one
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