12 Jun 2017

Important Banking Awareness Quiz (Topic Wise) for SBI / IBPS Exams 2017

Important Banking Awareness Quiz (Topic Wise) for SBI / IBPS Exams 2017:
Dear Readers, Here we have provided the Important Banking Awareness Quiz based on particular topic, which will help to understand and prepare in a better way. Candidates those who are preparing for upcoming SBI / IBPS Exams 2017 can make use of it.




Small Saving Schemes Part - 2

00:00:00

1. The amount invested in Kisan Vikas Patra would get doubled in __________
113 months
100 months
118 months
120 months
125 months
1).The amount invested in Kisan Vikas Patra would get doubled in 100 months or 8 years and four months
Answer: B
2. Kisan Vikas Patra(KVP) certificate’s minimum deposit is Rs __________
500
1000
2000
5000
10000
2). The Kisan Vikas Patra(KVP) certificates can be issued to the single or joint investors in the denomination of Rs 1000, 5,000, 10,000 and 50,000
Answer: B
3. Kisan Vikas Patra(KVP) certificate’s maximum deposit limit is Rs __________.
50,000
1 lakh
5 lakh
3 lakh
No such limit
3). Answer: E

4. The interest rate of Kisan Vikas Patra is __________
8.3%
7.7%
8.1%
7.6%
7.5%
4). ( According to April 2017-June 2017)
Answer: D

5. The maturity period or lock-in period of Kisan Vikas Patra is __________
24 months
30 months
36 months
40 months
42 months
5). The maturity period or lock-in period of Kisan Vikas Patra is 30 months or 2 years 6 months, there is no tax exemption in this scheme
Answer: B

6. The rate of Interest for National Savings Certificates (NSC) is __________
7.6%
7.7%
7.8%
7.9%
8.1%
6). Answer: D

7. Under National Savings Certificates the minimum deposit is Rs __________.
100
500
1000
5000
10000
7).
Answer: A

8. The tax rate of Public Provident Fund(PPF) Account is __________
7.6%
7.7%
7.9%
7.5%
There is no tax
8). Interest received is tax free
Answer: E
9. The maturity period of Public Provident Fund Account is __________years.
5
10
15
20
30
9). Pre-mature withdrawals can be allowed from the start of the seventh financial year. Anyone can extend it by a block of five years at a time, there is no limit on the number of times to extend PPF it means, can extend as many times as they want Answer: C

10. Interest rate of Public Provident Fund Account is__________.
7.6%
7.7%
7.7%
7.9%
7.5%
10). Answer: D

11. What is the maximum deposit allowed in Public Provident Fund Account in a financial year?
Rs 1 lakh
Rs 1,50,000
Rs 2 lakh
Rs 3 lakh
No limit
11). Any amount deposited in excess of Rs 1.5 lakh in a financial year won't earn any interest. The amount can be deposited in single installments or in a maximum of 12 installments per year
Answer: B

12. The minimum deposit allowed in Public Provident Fund Account in a financial year is Rs __________.
100
500
1000
2000
1500
12). Answer: B
13. What is the maximum deposit under National Savings Certificates (NSC)?
Rs 1,00000
Rs 1,50,000
Rs 50,000
Rs 2,00,000
No limit
13). Answer: E
14. The interest rate of Post Office Savings Deposit is __________
3.9%
3.5%
4%
4.2%
4.5%
14). The Post office Monthly Income Scheme interest rate is 7.6% and the Post Office Recurring Deposit interest rate is 7.2%
Answer: C
15. The maturity period of Post office Monthly Investment Scheme (MIS) Account is ______ years.
3
5
6
8
10
15). The maturity period has been reduced from 6 years to 5 years.
Answer: B





        
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