Postal and Telecom Services Quiz

What is the main objective of Recurring Deposit (RD) in Post Office?

• To provide loan against security

• To offer tax benefits

• To accumulate small savings

• To provide cheque facility

What is the term for National Saving Certificates (NSC)?

• 2 years

• 5 years

• 10 years

• 15 years

How much amount can be deposited annually in a Public Provident Fund (PPF) account?

• Rs. 100 - Rs. 500

• Rs. 5 lakhs - Rs. 10 lakhs

• Rs. 500 - Rs. 1 lakh

• Rs. 1 lakh - Rs. 5 lakhs

What is the maximum deposit amount allowed in a Monthly Income Scheme (MIS) for a single name account?

• Rs. 4.5 lakhs

• Rs. 3 lakhs

• Rs. 2 lakhs

• Rs. 1 lakh

What is the tax benefit available for funds invested in National Saving Certificates (NSC)?

• Subject to an overall limit of Rs. 50,000

• Subject to an overall limit of Rs. 1,50,000

• Subject to an overall limit of Rs. 75,000

• Subject to an overall limit of Rs. 1,00,000

What is the duration of a PPF account?

• 20 years

• 5 years

• 10 years

• 15 years

What is the purpose of Courier services?

• To send parcels across the country

• To send letters and products in small quantity

• To accumulate small savings

• To offer tax benefits

What is the repayment process for Recurring Deposit (RD) in Post Office?

• Repayment with cheque facility

• Repayment with loan against security

• Repayment of total amount deposited with interest on maturity

• Repayment with tax benefits

What is the maximum deposit amount allowed in a Monthly Income Scheme (MIS) for a joint account?

• Rs. 9 lakhs

• Rs. 8 lakhs

• Rs. 6 lakhs

• Rs. 4 lakhs

What is the tax benefit available for funds invested in Public Provident Fund (PPF)?

• Subject to an overall limit of Rs. 50,000

• Subject to an overall limit of Rs. 75,000

• Subject to an overall limit of Rs. 1,00,000

• Subject to an overall limit of Rs. 1,50,000