Hi friends, here is the Post Office RD Account MCQ Questions. In this part we are discussing MCQ Quiz Questions related to Post Office RD Accounts. In the last Post we have already covered MCQ Quiz: Post Office Savings Schemes (POSB).
The MCQ Questions related to Post Office Recurring Deposit Account (RD Accounts) will be useful for Inspector Posts Exam (IP Exam) and Postal Service Group B Exam (PS Gr.B Exam). Moreover, those preparing for GDS/MTS to Postman Exam, GDS/MTS/Postman to PA Exam and GDS to MTS Exam find this useful. Further, this will be handy for those planning to open RD Accounts at Post offices.
Post Office RD Account MCQ Questions
1. Minimum INR _ per month is required for opening RD account?
(A) 100/-
(B) 50/-
(C) 500/-
(D) 1000/-
2. What is the maximum balance that can be retained in RD account?
(A) 1.5 Lakh
(B) 10 Lakh
(C) 1 Lakh
(D) No maximum limit
3. As of July 2021, what is the interest rate on RD account (quarterly compounded)?
(A) 5.8 % per annum
(B) 5.5 % per annum
(C) 7.1 % per annum
(D) 8.5 % per annum
4. How many adults can open a Joint RD Account in Post office?
(A) 3 Adults Only
(B) No limit
(C) 2 Adults only
(D) Joint RD Account cannot be opened
5. How many RD accounts can be opened by a single depositor?
(A) Only one
(B) 5 Only
(C) Any number of accounts can be opened
(D) None of these
6. What is the default fee charged for 100 rupee denomination RD account (proportionate amount for other denomination)?
(A) Rs.1
(B) Rs.10
(C) No default fee
(D) None of these
7. An RD account becomes discontinued after how many regular defaults?
(A) 2
(B) 3
(C) 4
(D) 5
8. RD account can be revived within ___months from 4th default but if the account is not revived within this period, no further deposit can be made in such account and account became discontinued?
(A) Two
(B) Six
(C) Three
(D) Nine
9. What is the interest rate applicable to the loan on RD account?
(A) 2% + RD interest rate
(B) 1% + RD interest rate
(C) 3% + RD interest rate
(D) 5% + RD interest rate
10. RD Account can be closed prematurely after __ years from the date of account opening?
(A) One year
(B) Three year
(C) Two year
(D) Four year
11. Interest rate of which scheme will be applicable if the RD account is closed prematurely even one day before maturity?
(A) POSB
(B) TD
(C) PPF
(D) Sukanya Samridhi
12. What is the maturity period of RD account?
(A) 3 years (36 monthly deposits)
(B) 2 Years (24 monthly deposits)
(C) 5 years (60 monthly deposits)
(D) No maturity period
13. RD account can be retained up to _ years from the date of maturity without deposit?
(A) One Year
(B) Two year
(C) 3 year
(D) 5 Year
Answers
1. (A) 100/-
2. (D) No maximum limit
3. (A) 5.8 % per annum
4. (A) 3 Adults Only
5. (C) Any number of accounts can be opened
6. (A) Rs.1
7. (C) 4
8. (A) Two
9. (A) 2% + RD interest rate
10. (B) Three year
11. (A) POSB
12. (C) 5 years (60 monthly deposits)
13. (D) 5 Year
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