1. What does PAN stand for in the context of PAN cards?
a) Personal Assessment Number
b) Permanent Account Number
c) Personal Authorization Number
d) Public Account Number
Answer: b) Permanent Account Number
2. Which government agency in India issues PAN cards?
a) Reserve Bank of India (RBI)
b) Securities and Exchange Board of India (SEBI)
c) Income Tax Department
d) Ministry of Finance
Answer: c) Income Tax Department
3. What is the primary purpose of a PAN card in India?
a) Identity proof
b) Address proof
c) Citizenship proof
d) Income tax identification
Answer: d) Income tax identification
4. What is the format of a PAN card number?
a) 10 characters alphanumeric
b) 12 characters alphanumeric
c) 8 characters numeric
d) 15 characters alphanumeric
Answer: b) 12 characters alphanumeric
5. Who is eligible to apply for a PAN card in India?
a) Only Indian citizens
b) Indian citizens and non-resident Indians (NRIs)
c) Only resident Indians
d) Foreign nationals residing in India
Answer: b) Indian citizens and non-resident Indians (NRIs)
6. What document is required as proof of identity when applying for a PAN card?
a) Aadhaar card
b) Voter ID card
c) Passport
d) All of the above
Answer: d) All of the above
7. What is the fee for applying for a PAN card in India (as of 2022)?
a) ₹100
b) ₹200
c) ₹500
d) ₹1,000
Answer: c) ₹500
8. What is the penalty for not having a PAN card if your income exceeds the taxable limit?
a) ₹5,000
b) ₹10,000
c) ₹15,000
d) ₹20,000
Answer: b) ₹10,000
9. What is the validity period of a PAN card in India?
a) 5 years
b) 10 years
c) Lifetime
d) 2 years
Answer: c) Lifetime
10. Can a PAN card be used as a proof of citizenship in India?
a) Yes
b) No
Answer: b) No
11. Which authority manages the database of PAN cardholders in India?
a) Unique Identification Authority of India (UIDAI)
b) Election Commission of India
c) Income Tax Department
d) Reserve Bank of India (RBI)
Answer: c) Income Tax Department
12. What is the significance of the alphanumeric characters in a PAN card number?
a) Indicates the issuing state
b) Indicates the individual’s date of birth
c) Serves as a unique identifier
d) Indicates the individual’s income bracket
Answer: c) Serves as a unique identifier
13. Can a PAN card be used as proof of address?
a) Yes, always
b) No, never
c) Yes, in certain cases
d) Only for NRIs
Answer: c) Yes, in certain cases
14. What is the process called through which one can apply for a PAN card online?
a) PAN application
b) PAN request
c) PAN allotment
d) PAN card registration
Answer: c) PAN allotment
15. What is the primary purpose of linking a PAN card with Aadhaar in India?
a) To avail government subsidies
b) To prevent tax evasion
c) To access banking services
d) To apply for a passport
Answer: b) To prevent tax evasion
16. Can a minor apply for a PAN card in India?
a) Yes, with parental consent
b) Yes, independently
c) No, minors are not eligible
d) Only if the minor is earning income
Answer: a) Yes, with parental consent
17. What is the penalty for providing incorrect information in a PAN card application?
a) ₹1,000
b) ₹5,000
c) ₹10,000
d) ₹15,000
Answer: c) ₹10,000
18. Which form is used for applying for a PAN card in India?
a) Form 49A
b) Form 49B
c) Form 16
d) Form 26AS
Answer: a) Form 49A
19. What is the mode of delivery of a physical PAN card after successful application?
a) Courier
b) Registered post
c) Hand delivery
d) Email
Answer: b) Registered post
20. Can a PAN card be surrendered or canceled?
a) Yes, anytime upon request
b) Yes, only if the individual is deceased
c) No, PAN cards cannot be canceled
d) Only if the individual becomes an NRI
Answer: c) No, PAN cards cannot be canceled