Banking Awareness – GOI 7.75% Savings (Taxable) Bonds 2018 Question and Answers PDF
Download Important Banking Awareness PDF Questions and Answers Quiz PDF covering Government of India India (GOI) Savings Bonds (taxable). This is Banking awareness is very important for Banking exams of IBPS PO & Clerk, SBI, RBI, NABARD etc.,
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Question 01: Who among the following is not eligible for purchasing a 7.75% Savings (Taxable) Bonds 2018 introduced by government of India in January 2018?
a: Hindu Undivided Family
b: Resident Individual
c: Non Resident Individual
d: None of the Above
Question 02: What is the maximum limit for Investments in the Savings (Taxable) bonds introduced by government of India in 2018?
a: 10 Crores
b: No Limit
c: 5 Crores
d: 1 Crore
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Question 03: What is the at par value of the 7.75% savings (taxable) bonds introduced by government of India in January 2018?
a: Rs 100
b: Rs 10
c: Rs 500
d: Rs 250Â
Question 04: What is the minimum amount of investment envisaged by government of India for the 7.75% savings (taxable) bond 2018 introduced in January 2018?
a: Rs 1 Lakh
b: Rs 10,000
c: No Minimum Limit
d: Rs 1,000
Question 05: What is the full form of BLA related to 7.75% savings (taxable) bond 2018?
a: Bond Liquidity Account
b: Bond Legitimate Account
c: Bond Ledger Account
d: Bond Listing Account
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Question 06: At present which of the following other organizations are authorized to issue 7.75% savings (taxable) bond along with branches of SBI, Nationalized Banks?
a: HDFC Bank
b: ICICI Bank
c: Axis Bank
d: Stock Holding Corporation of India Ltd
Question 07: The 7.75% savings (taxable) bonds can be issued in two forms, cumulative and non-cumulative, interest on non-cumulative bonds will be paid at which of the following Intervals?
a: Half Yearly
b: Quarterly
c: Yearly
d: Monthly
Question 08: What is the tenure of the 7.75% savings (taxable) bonds issued by government of India in January 2018?
a: 15 Years
b: 5 Years
c: 10 Years
d: 7 Years
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Question 09: What is the lock in period from the date of issue for the investors in the age group of 60 – 70 years under the 7.75% savings (taxable) bonds issued by government of India in January 2018?
a: 6 Years
b: 5 Years
c: 4 Years
d: 3.5 Years
Question 10: What is the lock in period from the date of issue for the investors in the age group of 70 – 80 years under the 7.75% savings (taxable) bonds issued by government of India in January 2018?
a: 5 Years
b: 4 Years
c: 2 Years
d: No Lock-in Period
Question 11: What is the lock in period from the date of issue for the investors in the age group of 80 – 90 years under the 7.75% savings (taxable) bonds issued by government of India in January 2018?
a: 3 Years
b: No Lock-in Period
c: 4 Years
d: 2 Years
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Question 12: A Resident Individual cannot purchase a 7.75% savings (taxable) bonds 2018 which of the following in which of the following capacities?
a: In his/her Individual Capacity
b: In individual capacity on joint basis
c: On behalf of Minor as father/mother/guardian.
d: Can purchase in all the above capacities
Question 13: Nomination cannot be made in respect of the bonds made in the name of which of the following category of persons?
a: Public Limited Company
b: Private Limited Company
c: Minor
d: Hindu Undivided Family
Question 14: Premature Encashment in respect of the bonds is allowed for individual investors in the age groups of which of the following subject to certain terms and conditions?
a: 50 years and above
b: 40 years and above
c: 60 years and above
d: 65 years and above
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Question 15: Which of the following statements is correct regarding the 7.75% savings (taxable) bond 2018 launched by government of India in January 2018?
a: The repayment tenure of the bonds is 118 months
b: Bonds are freely transferable
c: Bonds are not tradable in the secondary market
d: Bonds are eligible as collaterals for availing loans from banks and financial institutions
Answers:
Question 01 : C
Question 02 : B
Question 03 : A
Question 04 : D
Question 05 : C
Question 06 : D
Question 07 : A
Question 08 : D
Question 09 : A
Question 10 : A
Question 11 : C
Question 12 : D
Question 13 : C
Question 14 : C
Question 15 : C
