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Your results are here!! for" Public Provident Fund Account "
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Question 1 of 10
1. Question
When was the Public Provident Fund (PPF) introduced in India?
Correct
The Public Provident Fund was introduced in 1968 by the National Savings Institute of the Ministry of Finance.
Incorrect
The Public Provident Fund was introduced in 1968 by the National Savings Institute of the Ministry of Finance.
Unattempted
The Public Provident Fund was introduced in 1968 by the National Savings Institute of the Ministry of Finance.
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Question 2 of 10
2. Question
What is the minimum amount that can be deposited in a PPF account per year?
Correct
The minimum annual deposit required under the given PPF details is ₹500.
Incorrect
The minimum annual deposit required under the given PPF details is ₹500.
Unattempted
The minimum annual deposit required under the given PPF details is ₹500.
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Question 3 of 10
3. Question
What is the maximum amount that can be deposited in a PPF account in a financial year?
Correct
The maximum deposit permitted in a financial year is ₹1,50,000.
Incorrect
The maximum deposit permitted in a financial year is ₹1,50,000.
Unattempted
The maximum deposit permitted in a financial year is ₹1,50,000.
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Question 4 of 10
4. Question
From which financial year is the loan facility available under PPF according to the given details?
Correct
The PPF loan facility is available from the 3rd to the 6th financial year.
Incorrect
The PPF loan facility is available from the 3rd to the 6th financial year.
Unattempted
The PPF loan facility is available from the 3rd to the 6th financial year.
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Question 5 of 10
5. Question
From which financial year is withdrawal allowed under a PPF account?
Correct
The provided details state that withdrawal is allowed every year from the 7th financial year.
Incorrect
The provided details state that withdrawal is allowed every year from the 7th financial year.
Unattempted
The provided details state that withdrawal is allowed every year from the 7th financial year.
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Question 6 of 10
6. Question
What is the maturity period of a PPF account?
Correct
The PPF account has a maturity period of 15 years from the end of the year of opening.
Incorrect
The PPF account has a maturity period of 15 years from the end of the year of opening.
Unattempted
The PPF account has a maturity period of 15 years from the end of the year of opening.
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Question 7 of 10
7. Question
In what blocks can a PPF account be extended after maturity?
Correct
A PPF account can be extended in blocks of 5 years, with or without deposits.
Incorrect
A PPF account can be extended in blocks of 5 years, with or without deposits.
Unattempted
A PPF account can be extended in blocks of 5 years, with or without deposits.
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Question 8 of 10
8. Question
What happens if a PPF account is retained after maturity without making further deposits?
Correct
The account can be retained indefinitely and continues to earn interest.
Incorrect
The account can be retained indefinitely and continues to earn interest.
Unattempted
The account can be retained indefinitely and continues to earn interest.
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Question 9 of 10
9. Question
What legal protection is provided to the amount held in a PPF account?
Correct
The amount in a PPF account is not attachable under a court decree according to the given details.
Incorrect
The amount in a PPF account is not attachable under a court decree according to the given details.
Unattempted
The amount in a PPF account is not attachable under a court decree according to the given details.
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Question 10 of 10
10. Question
Under which section is the PPF deposit eligible for a tax deduction?
Correct
PPF deposits qualify for deduction under Section 80C, up to ₹1.5 lakh.
Incorrect
PPF deposits qualify for deduction under Section 80C, up to ₹1.5 lakh.
Unattempted
PPF deposits qualify for deduction under Section 80C, up to ₹1.5 lakh.