Post Office Saving Schemes GK ,MTS,GDS,SA,Mail Guard

Test your knowledge of Post Office Saving Scheme GK using MCQs specially designed for MTS exam, GDS exam, SA exam and Mail Guard exam.

Test your understanding of the financial services offered by India Post such as Sukanya samriddhi yojana, PPF and RD. Prepare for postal savings scheme exam with complete questions and answers

1. What is the minimum deposit amount required to open a Post Office Savings Account?
a. Rs. 100
b. Rs. 500
c. Rs. 1,000
d. Rs. 2,000

Answer: a. Rs. 100

 

2. Which Post Office Saving Scheme offers the highest interest rate?
a. Public Provident Fund (PPF)
b. Senior Citizens Savings Scheme (SCSS)
c. Monthly Income Scheme (MIS)
d. National Savings Certificate (NSC)

Answer: a. Public Provident Fund (PPF)

 

3. What is the tenure of the Senior Citizens Savings Scheme (SCSS)?
a. 5 years
b. 8 years
c. 10 years
d. 15 years

Answer: c. 10 years

 

4. Which Post Office Saving Scheme provides tax benefits under Section 80C of the Income Tax Act?
a. Senior Citizens Savings Scheme (SCSS)
b. Monthly Income Scheme (MIS)
c. Public Provident Fund (PPF)
d. Recurring Deposit (RD)

Answer: c. Public Provident Fund (PPF)

 

5. What is the maximum investment limit for a Public Provident Fund (PPF) account in a financial year?
a. Rs. 50,000
b. Rs. 1,00,000
c. Rs. 1,50,000
d. Rs. 2,00,000

Answer: c. Rs. 1,50,000

 

6. Which Post Office Saving Scheme is designed to provide a fixed monthly income?
a. Public Provident Fund (PPF)
b. Monthly Income Scheme (MIS)
c. National Savings Certificate (NSC)
d. Kisan Vikas Patra (KVP)

Answer: b. Monthly Income Scheme (MIS)

 

7. What is the maturity period of the Kisan Vikas Patra (KVP)?
a. 5 years
b. 7 years
c. 10 years
d. 15 years

Answer: c. 10 years

 

8. In which Post Office Saving Scheme can a resident Indian open a joint account with a minor?
a. Public Provident Fund (PPF)
b. Senior Citizens Savings Scheme (SCSS)
c. Monthly Income Scheme (MIS)
d. Recurring Deposit (RD)

Answer: d. Recurring Deposit (RD)

 

9. Which Post Office Saving Scheme has the shortest tenure among the options?
a. National Savings Certificate (NSC)
b. Public Provident Fund (PPF)
c. Senior Citizens Savings Scheme (SCSS)
d. Monthly Income Scheme (MIS)

Answer: a. National Savings Certificate (NSC)

 

10. What is the interest rate currently offered on a 5-year recurring deposit (RD) account in the Post Office?
a. 5.5%
b. 6.0%
c. 6.4%
d. 7.0%

Answer: c. 6.4%

 

Post Office Saving Schemes GK ,MTS,GDS,SA,Mail Guard

11.Which of the following Post Office Saving Schemes is specifically designed for the girl child?
a) Public Provident Fund (PPF)
b) Senior Citizens Savings Scheme (SCSS)
c) Sukanya Samriddhi Yojana (SSY)
d) Monthly Income Scheme (MIS)

Answer: c) Sukanya Samriddhi Yojana (SSY)

 

12. What is the maximum investment limit in the Senior Citizens Savings Scheme (SCSS) as of 2022?
a) Rs. 1 lakh
b) Rs. 5 lakhs
c) Rs. 10 lakhs
d) Rs. 15 lakhs

Answer: c) Rs. 10 lakhs

 

13.. Which Post Office Saving Scheme offers the highest interest rate among the following options?
a) Public Provident Fund (PPF)
b) National Savings Certificate (NSC)
c) Time Deposit (TD)
d) Kisan Vikas Patra (KVP)

Answer: a) Public Provident Fund (PPF)

 

SA & Mail Guard Exams: Essential GK on Post Office

14.. What is the minimum and maximum tenure for a fixed deposit under the Post Office Time Deposit (TD) scheme?
a) Minimum: 1 year; Maximum: 5 years
b) Minimum: 2 years; Maximum: 10 years
c) Minimum: 6 months; Maximum: 5 years
d) Minimum: 1 year; Maximum: 15 years

Answer: c) Minimum: 6 months; Maximum: 5 years

 

15.. Which Post Office Saving Scheme is designed to provide a regular monthly income to the investor?
a) Public Provident Fund (PPF)
b) Senior Citizens Savings Scheme (SCSS)
c) Monthly Income Scheme (MIS)
d) Sukanya Samriddhi Yojana (SSY)

Answer: c) Monthly Income Scheme (MIS)

 

16. In which year was the Public Provident Fund (PPF) introduced in India?
a) 1968
b) 1972
c) 1986
d) 1992

Answer: a) 1968

 

17. What is the lock-in period for the National Savings Certificate (NSC)?
a) 2 years
b) 5 years
c) 7 years
d) 10 years

Answer: b) 5 years

 

18. Which Post Office Saving Scheme is known for doubling the invested amount in a fixed period of time?
a) Public Provident Fund (PPF)
b) Senior Citizens Savings Scheme (SCSS)
c) Kisan Vikas Patra (KVP)
d) National Savings Certificate (NSC)

Answer: c) Kisan Vikas Patra (KVP)

 

19. What is the tenure of the Public Provident Fund (PPF) account, initially set at the time of opening?
a) 10 years
b) 15 years
c) 20 years
d) 25 years

Answer: b) 15 years

 

20. Which Post Office Saving Scheme offers tax benefits under Section 80C of the Income Tax Act?
a) Kisan Vikas Patra (KVP)
b) Monthly Income Scheme (MIS)
c) Public Provident Fund (PPF)
d) Senior Citizens Savings Scheme (SCSS)

Answer: c) Public Provident Fund (PPF)

 

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21. What is the maximum investment limit for a Public Provident Fund (PPF) account in a financial year?
a) Rs. 1 lakh
b) Rs. 1.5 lakhs
c) Rs. 2 lakhs
d) Rs. 2.5 lakhs

Answer: b) Rs. 1.5 lakhs

 

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