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By:MoneyChai Last Updated: 23 Feb, 2018

Pradhan Mantri Vaya Vandana Yojana (PMVVY)

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1. Who is eligible to sell PMVVY?

A. LIC Only B. SBI Only C. LIC and SBI D. All national banks and LIC

2. What is the minimum assured pension in PMVVY?

A. Rs. 250 B. Rs. 500 C. Rs. 750 D. Rs. 1000

3. What is the minimum age to apply for PMVVY ?

A. 60 Years B. 55 Years C. Between 55 Years -60 Years D. Above 50 Years

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PPF Loan and Withdrawal Rules

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1. Which form is used for partial withdrawal from PPF?

A. Form C B. Form A C. Form D D. Form H

2. From which year are you eligible for partial withdrawal?

A. 5th Year B. 6th Year C. 7th Year D. 8th Year

3. What is the interest Rate on PPF Loan?

A. 1% above the PPF interest rate B. 2% above the PPF interest rate C. 3% above the PPF interest rate D. 1.5% above the PPF interest rate

4. From Which Financial Year You can take the Loan?

A. 2nd Year B. 3rd Year C. 1st Year D. 7th Year

5. Can I take loan from my PPF Account?

A. Yes B. No

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HRA Quiz

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1. Can husband pay rent to wife and claim HRA?

A. Yes B. No

2. Can HRA be claimed by both the husband and wife?

A. Yes B. No

3. Can you claim both HRA and Home Loan for Tax Exemption, if you are staying on rent?

A. Yes B. No

4. Can you claim HRA if you own a house?

A. Yes B. No C. Both – Yes and No. It depends

5. Which Factors decides exemption for HRA

A. Actual HRA received by you B. Actual Rent paid by you C. Your city of residence D. Your salary (Basic Pay & DA) E. All of the above

6. Who can claim HRA exemption?

A. Salaried People B. Self-Employed C. Both D. None of the above

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Sukanya Samriddhi Yojana Quiz

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1. Can NRIs invest in Sukanya Samriddhi Yojana?

A. Yes B. No

2. Is Sukanya Samriddhi part of 80C?

A. Yes B. No

3. Is interest on Sukanya Samriddhi account taxable?

A. Yes B. No

4. What is the maturity period of Sukanya Samriddhi Yojana?

A. 14 Years B. 21 Years C. 15 Years D. 18 Years

5. What is the maximum amount which can deposited in Sukanya Samriddhi Yojana?

A. 1 Lakh B. 2 Lakh C. 1.5 Lakhs D. None of the above

6. What is the minimum amount which can deposited in Sukanya Samriddhi Yojana?

A. 250 B. 500 C. 750 D. 1000

7. Who is eligible for Sukanya Samriddhi Yojana?

A. girl child (Indian Resident) between the age of 0-10 years B. Girl Child between the age of 0-10 years C. Girl Child(Indian Resident) between the age of 0-15 years D. All of the Above

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Senior Citizen Savings Scheme (SCSS)

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1. Is senior citizen saving scheme eligible for 80C?

A. Yes B. No

2. Can SCSS be extended?

A. Yes B. No C. Yes, but only for a period of 5 Years D. Yes, but only for a period of 3 Years

3. Can You open multiple SCSS account?

A. Yes B. No C. May be D. Yes, but the total amount of money in all the SCSS accounts should not exceed the maximum limit of investment

4. What is the maximum amount one can deposit under SCSS?

A. Rs. 2 Lakhs B. Rs. 10 Lakhs C. Rs. 15 Lakhs D. Rs. 12 Lakhs

5. What is the minimum amount one can deposit under SCSS?

A. Rs. 500 B. Rs. 1000 C. Rs. 250 D. Rs. 100

6. What is the age limit in SCSS ?

A. Senior citizens aged 60 and above B. A citizen between the age group of 55-60 willingly retires under VRS or superannuation C. 50 years for retired defence personnel D. All of the above

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