The Senior Citizen Scheme 2019 is replacement of existing Senior Citizen Saving Scheme 2004. The following 10 MCQ is covered all the section of The Senior Citizen Scheme 2019. Most of the questions are in negative sentence. Kindly read the question carefully and answer.
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The Senior Citizen Scheme 2019
A. Who has attained the age of sixty year can open an account
B.A person retired from defence including civilian defence may open an account on attaining the age of Fifty years
C.A person retired from defence excluding civilian defence may open an account on attaining the age of Fifty years
D.A person retired on superannuation on attaining the age of fifty-five years may open an account subject to other condition laid under section 3 (ii)
... Answer is B)
Section 3(i)(ii)(iii) of Senior Citizens’ Savings Scheme, 2019
A. Joint account only with Spouse
B. Account holder may operate more than one account
C. there shall be no age-limit for the second applicant, in case of joint account
D. The whole amount of deposit in a joint account shall be attributable to both the account holder
... Answer is D)
Section 3(6) of Senior Citizens’ Savings Scheme, 2019 ......The whole amount of deposit in a joint account shall be attributable to the first account holder only......
A.opened with a deposit of one thousand rupees only
B.opened with a minimum deposit of five hundred rupees
C.opened with a minimum deposit one thousand rupees or any sum in multiples of one thousand rupees
D.opened with a minimum deposit of one hundred rupees
... Answer is C)
Section 4(1) of Senior Citizens’ Savings Scheme, 2019
A. Insurance element of Group Savings Linked Insurance Scheme
B. Provident Fund dues
C. Commuted value of pension
D. cash equivalent of leave
... Answer is A)
Section 4(1) of Senior Citizens’ Savings Scheme, 2019
......Covered only saving element of Group Savings Linked Insurance Scheme not insurance element...........
A. There may be two deposit in the account
B. Amount deposited in excess to the ceiling will be carried saving rate of interest till the date of refund
C. Not claimed quarterly interest shall earn interest
D.account extended after maturity shall earn interest at the rate applicable to the Scheme on the date of opening of account.
... Answer is B)
Section 4(3) of Senior Citizens’ Savings Scheme, 2019
.....For explanation read section 4 and 5.........
A. Paid interest will be recovered if the account is closed before one year from the date of opening
B.if the account is closed after one year but before two year from the date of opening, one and half per cent amount will be deducted
C. if the account is closed after the expiry of two years from the date of opening, one per cent amount will be deducted
D. if the account is closed after one year but before two year from the date of opening, two per cent amount will be deducted
... Answer is D)
Section 6(1)(ii) of Senior Citizens’ Savings Scheme, 2019
.....In case the account is closed after the expiry of one year but before the expiry of two years from the date of its opening, an amount equal to one and a half per cent. of the deposit shall be deducted and the balance shall be paid to the account holder....
A. Three Year
B. Five Year
C. One year
D. Two Year
... Answer is A)
Section 8(1) of Senior Citizens’ Savings Scheme, 2019
A. only once
B. only twice
C. only thrice
D. there is no restriction
... Answer is A)
Section 8(3) of Senior Citizens’ Savings Scheme, 2019
.........
A. The account holder may close the account any time after two year from the date of extension of account without any deduction
B. The account holder may close the account any time after four year from the date of extension of account without any deduction
C. The account holder may close the account any time after one year from the date of extension of account without any deduction
D. The account holder may close the account any time after three year from the date of extension of account without any deduction
... Answer is C)
Section 8(4) of Senior Citizens’ Savings Scheme, 2019
A. After expiry of five years
B. After expiry of eight year
C. After expiry of three year
D. After expiry of two year
... Answer is A)
.....
.........
1.click here for MCQ on PPF 2019
2. click here for MCQ on Sukanya Samriddhi Account 2019
3. click here for MCQ on Time Deposit Account
4. click here for MCQ on Recurring Deposit Account 2019
5. click here for MCQ on National Saving Account 2019
IMPORTANT BOOKS FOR REFERENCE
Sell all books Paperwise
Paper 1
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1. Consumer Protection Act 2019
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2. Prevention of Money Laundering Act, 2002 and its amendments
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3. The Information Technology Act 2000 and its amendments
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7. Postal Manual Volume -VI Part -I
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9. Postal Manual Volume -VI Part -III
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10. Postal Manual Volume VII
PAPER -II (Click on the image to BUY)
PAPER- III (Click on the image to BUY)
PAPER-IV (Click on the image to BUY)
