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

1. The amount invested in Kisan Vikas Patra would get doubled in __________

1).The amount invested in Kisan Vikas Patra would get doubled in 112 months or 9 years and four months
Answer: B

2. Kisan Vikas Patra(KVP) certificate’s minimum deposit is Rs __________

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 __________.

3). Answer: E

4. The interest rate of Kisan Vikas Patra is __________

4). ( According to April 2017-June 2017)
Answer: D

5. The maturity period or lock-in period of Kisan Vikas Patra is __________

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 __________

6). Answer: D

7. Under National Savings Certificates the minimum deposit is Rs __________.

7).
Answer: A

8. The tax rate of Public Provident Fund(PPF) Account is __________

8). Interest received is tax free
Answer: E

9. The maturity period of Public Provident Fund Account is __________years.

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__________.

10). Answer: D

11. What is the maximum deposit allowed in Public Provident Fund Account in a financial year?

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 __________.

12). Answer: B

13. What is the maximum deposit under National Savings Certificates (NSC)?

13). Answer: E

14. The interest rate of Post Office Savings Deposit is __________

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 Public Provident Fund Account is __________years.

15). The maturity period has been reduced from 6 years to 5 years.
Answer: B