Public Provident Fund (PPF) Quiz
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Topic: Public Provident Fund (PPF) Quiz
Number of Questions: 15
- In which year was the Public Provident Fund (PPF) Scheme introduced in India?
A) 1958
B) 1968
C) 1990
D) 2004
- Which if the following is the latest amendment to the PPF scheme?
A) Public Provident Fund Amendment Scheme, 2010
B) Public Provident Fund Amendment Scheme, 2016
C) Public Provident Fund Amendment Scheme, 2014
D) Public Provident Fund Amendment Scheme, 2017
- Under Public Provident Fund (PPF) Scheme an individual can open a joint account with ___ ?
A) Spouse
B) Parents
C) Children
D) Joint Account is not permissible in PPF
- An individual can open how many PPF accounts in his/her name?
A) One
B) Two
C) Five
D) No such limit
- What is the maturity period of Public Provident Fund (PPF) Scheme?
A) 5 years
B) 10 years
C) 15 years
D) 7 yaers
- An individual can open a PPF account with what amount?
A) Rs 100
B) Rs 500
C) Rs 1,000
D) Rs 5,000
- What is the minimum yearly investment in Public Provident Fund (PPF) Scheme?
A) Rs 100
B) Rs 250
C) Rs 500
D) Rs 1,000
- What is the maximum yearly investment in Public Provident Fund (PPF) Scheme?
A) Rs 1 lakh
B) Rs 15 lakh
C) Rs 1.5 lakh
D) No such limit
- What is the maximum number of deposits that can be made in an year in PPF Scheme?
A) 1
B) 12
C) 6
D) No such limit
- Partial withdrawal is allowed in Public Provident Fund (PPF) Scheme after completion of how many years?
A) 3
B) 5
C) 6
D) 7
- In which year the PPF account can be prematurely close?
A) 6
B) 7
C) 10
D) Cannot pe closed before maturity
- From which year loan facility is available under Public Provident Fund (PPF) Scheme?
A) 3
B) 5
C) 6
D) 7
- Public Provident Fund (PPF) Scheme is fully backed by?
A) Reserve Bank of India
B) Central Government
C) Post Office
D) State Bank of India
- Identify the false statement with respect to PPF scheme:
A) Account can be opened in name of Minor
B) NRIs cannot open PPF account
C) The maturity of PPF account can be extended in the blocks of 3 years
D) Loan facility is available from 3rd financial year.
- What is the interest rate in Public Provident Fund (PPF) Scheme?- Check here