The National Savings Certificates(VIII Issue) Scheme 2019 is replacement of existing National Savings Certificate (VIII Issue) Rules, 1989 and Kisan Vikas Patra Scheme, 2019 is replacement of existing Kisan Vikas Patra Rules 2014 . The following 8 MCQ is covered all the section of both NSC Scheme, 2019 and KVP Scheme 2019. The aspirants are requested to read the said rules once and attend this. Hope this MCQ may help your preparation and boost the knowledge.
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The National Savings Certificate (VIII Issue) Scheme, 2019
Kisan Vikas Patra Scheme, 2019
A. one thousand rupees and any sum in multiples of one hundred rupees
B. one hundred rupees and any sum in multiples of one hundred rupees
C. one thousand rupees and any sum in multiples of one thousand rupees
D. Five hundred rupees and any sum in multiples of one hundred rupees
... Answer is A)
Section 4 (1)of National Savings Certificates Scheme, 2019
A. no maximum limit for deposit in an account
B. An individual may open any number of accounts
C. Joint B-Type Account may be opened jointly in the name of upto THREE adults
D. Joint B-Type Account may be opened jointly in the name of upto TWO adults
... Answer is D)
Section 3 (2) (C) of National Savings Certificates Scheme, 2019..
A. the President of India
B. a public or private corporation
C. finance company
D. a local authority
... Answer is C)
Section 6 (2)of National Savings Certificates Scheme, 2019
A. Premature closure is allowed only in case of death of the account holder.
B. Only principal amount will be payable if the account is closed before expiry of one year
C. Saving Account interest will be paid on principal amount if the account is closed after expiry of one year and before expiry of three year from the date of opening of account
D. Before maturity the account can be closed when ordered by court
... Answer is A)
Section 7 (1) of National Savings Certificates Scheme, 2019
A. on the death of account holder
B. on the order of the court
C. on pledging
D. on change of nominee
... Answer is D)
Section (8) of National Savings Certificates Scheme, 2019
A. one thousand rupees and any sum in multiples of one hundred rupees
B. one hundred rupees and any sum in multiples of one hundred rupees
C. one thousand rupees and any sum in multiples of one thousand rupees
D. Five hundred rupees and any sum in multiples of one hundred rupees
... Answer is A)
Section 4 (1)of Kisan Vikas Patra Sheme, 2019
.........
A. after the expiry of six years and two months
B. after the expiry of two years and six months
C. after the expiry of three years
D. after the expiry of three years and six months
... Answer is B)
Section 6 (3)of Kisan Vikas Patra Sheme, 2019
A. Premature of NSC is not possible before completion of 5 year subject to other condition
B. Premature of KVP is not possible before completion of 2 and half years subject to other conditions
C. On death of the depositor nominee have the option to continue KVP Scheme 2019
D. On death of the depositor nominee have no option to continue NSC Scheme 2019
... Answer is D)
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