GPF

1. . On which date did the GPF Rules come into force?

A) a. 1st March, 1960 B) b. 1st July 1960 C) c. 1st April, 1960 D) d. 1st November, 1960

2. . In which currency is GPF maintained?

A) a. Rupees B) b. Dollars C) c. Ruble D) d. Yen

3. . Who of the following are not eligible to contribute to GPF?

A) a. Temporary Government servants with one year continuous service B) b. Permanent Government servants appointed prior to 1-1-2004 C) c. Subscribers to Contributory Provident Fund D) d. Re-employed Pensioners

4. . When shall a temporary Government servant who completes one year of service during the middle of a month subscribe to the Fund?

A) a. From the preceding month B) b. From the current month C) c. From the subsequent month D) d. From the next year

5. Which of the following sentences are correct with regard to nomination for GPF?

A) a. Nomination can be made only in favour of a member of family, if the subscriber has a family B) b. If a subscriber is a minor, he can make a nomination only after attaining majority C) c. A nomination made by the subscriber for any other Provident Fund be deemed to be a nomination made for GPF if the amount of such other fund has been transferred to this fund D) d. All the above

6. . When nomination to more than one person is made, how can the amount payable be determined?

A) a. The amount should be paid in equal shares only B) b. Nomination cannot be made to more than one person C) c. The amount should be paid according to their income from other sources D) d. The amount shall be paid as specified in the nomination made by the subscriber

7. . Can a subscriber to GPF cancel a nomination?

A) a. A subscriber cannot cancel his nomination to GPF B) b. A subscriber may cancel a nomination by sending a notice and a fresh nomination C) c. A subscriber can cancel a nomination only in the event of the nominee predeceasing the subscriber D) d. A subscriber can cancel a nomination only if he subsequently acquires a member to his family

8. . When does a nomination made by a subscriber take effect?

A) a. The date on which he makes the nomination B) b. The date on which it is received by the Accounts Officer C) c. a. or b., whichever is earlier D) d. 1st of the month in which the nomination is made

9. . A Government servant submits a nomination to GPF to his Head of Office on 1-3-2019. The Government servant dies on 25-3-2019. The nomination forwarded by the Head of Office was not received by the Accounts Officer on the date of death of the Government servant. What will be the date of effect of the nomination?

A) a. 1-3-2019 B) b. 25-3-2019 C) c. It will be presumed that no nomination was received D) d. The nomination submitted to the Head of Office will be treated as valid

10. . What does a Subscribers Account contain?

A) a. His subscriptions B) b. Interest on subscriptions C) c. Bonus on subscriptions D) d. All the above

11. . Subscription to GPF should be compulsorily discontinued during the........ of service on superannuation

A) a. last one year B) b. last three months C) c. last six months D) d. first three months

12. . A subscriber need not subscribe during a period of

A) a. of leave B) b. of suspension C) c. treated as dies non D) d. leave on half pay

13. . During which of the following periods does the subscriber have the option to subscribe

A) a. leave B) b. Reinstatement after suspension C) c. Departmental Leave D) d. All the above

14. . What is the minimum rate of subscription to GPF?

A) a. 6% of emoluments B) b. 10% of emoluments C) c. 100% of emoluments D) d. 8 1/3% of emoluments

15. . What is the maximum rate of subscription to GPF?

A) a. 6% of emoluments B) b. 10% of emoluments C) c. 100% of emoluments D) d. 8 1/3% of emoluments

16. . The amount of subscription to GPF can be reduced time during the year

A) a. Once B) b. Twice C) c. Never D) d. Any number of times

17. . If the subscription to GPF results in a fraction of a rupee, how will it be calculated?

A) a. Rounded to the next rupee B) b. Represented as decimals only C) c. Rounded to the nearest ten D) d. Rounded to the nearest whole rupee

18. . In a case of rounding off, can the subscription amount become less than 6%?

A) a. The subscription amount should never be less than 6% B) b. The subscription amount can become less than 6% due to rounding off C) c. The subscription amount should be rounded off to the next rupee in case it falls short of 6% D) d. Any one of the above as convenient to the subscriber

19. . What is the position of a subscriber when he is sent on deputation out of India?

A) a. His subscription to GPF is suspended B) b. His subscription continues during the deputation also as if he were not sent on deputation C) c. Subscription to GPF will be optional to the subscriber during deputation D) d. The borrowing organization will subscribe on behalf of the subscriber

20. . What is the minimum rate of interest allowed to GPF subscriptions?

A) a. 0.04 B) b. 0.05 C) c. 0.06 D) d. No minimum rate fixed

21. . How is interest calculated on sums withdrawn from the GPF Account during any year?

A) a. No interest is paid on any sums withdrawn during a year B) b. Interest is calculated up to the date of withdrawal on sums withdrawn during a year C) c. Interest is calculated up to the last day of the month preceding the month of withdrawal on sums withdrawn during a year D) d. Interest is calculated up to the last day of the month during which any sum is withdrawn

22. . What is the cut off date of a month on which the Accounts Officer deems it as the first day of the month for calculating interest for the month?

A) a. First day of a month B) b. Fifth day of a month C) c. Sixth day of a month D) d. Any day of a month

23. . Which of the following cases is treated as 'Death in Service'?

A) a. When the subscriber dies after the working hours of the last working day but before 12 midnight of the calendar day B) b. When the subscribers death occurs after 12 midnight of the last working day but before the office hours of the next calendar day C) c. When the subscriber dies at 12 o clock midnight on the last working day D) d. When the subscriber dies before the end of the year

24. . How is allocation of interest charges made between Governments when a subscriber is transferred from one Government to another?

A) a. The transferring Government should bear the interest charges B) C) c. The subscriber will not earn any interest during the month in which he is transferred D) d. The subscriber will have the option of choosing between the parent office and the office to which he is transferred

25. . What kind of action is taken when a subscriber overdraws amount from the fund in excess of the credit held by him?

A) a. The subscriber has to submit a written request to allow the drawal of funds B) b. The subscriber has to repay the overdrawn amount with interest thereon C) c. The subscriber has to repay the overdrawn amount D) d. The overdrawn amount will be recovered from the subscriber and the interest from the concerned employee in the Accounts department

26. . Interest for how many months is allowed on GPF balances in respect of persons found absconding?

A) a. Up to the month in which the employee last worked B) b. Up to six months from the date a report has been obtained from the Police Department C) c. Up to one year from the date from which the subscriber is absconding D) d. No interest is payable in respect of persons absconding

27. . What it the maximum quantum of advance that can be drawn by a subscriber from his GPF Account?

A) a. 80% of the amount at his credit in the Fund B) b. Half the amount standing to his credit in the Fund C) c. Two months pay D) d. Total amount at his credit in the Fund

28. . Which of the following purpose is not eligible for grant of an advance from GPF?

A) a. To meet expenses of illness B) b. To meet cost of higher education of children C) c. Purchase of conveyance like Car, Motorbike, etc. D) d. Purchase of consumer durables like TV, Washing Machine, etc.

29. . What is the definition of pay when a subscriber applies for an advance while under suspension?

A) a. Pay drawn before being placed under suspension B) b. Subsistence Allowance drawn C) c. 50% of pay drawn before suspension D) d. No advance will be given while under suspension

30. . Is there any time-limit within which an advance can be granted for an expenditure which has already been incurred?

A) a. Six months from date of incurring the expenditure B) b. One year from date of incurring the expenditure C) c. Reasonably long after the event to which application for advance relates to, subject to the discretion of the Sanctioning Authority limited to contingencies which cannot be foreseen D) d. No Advance should be applied for only before the expenditure is incurred

31. . An employee draws an advance of GPF in 2010 for which recovery has commenced. Again in 2019 he draws another advance. How will the recovery be made against the advances?

A) a. Both recoveries will run simultaneously B) b. Recovery for the second advance will commence after the first advance is recovered C) c. At the convenience of the subscriber D) d. Both advances will be consolidated and the rate of recovery will be fixed

32. . At what period of time will a temporary advance not be granted to a Government servant?

A) a. During the last three months of his service B) b. At any time during the service C) c. The year on which the subscriber will retire D) d. During the first year of service

33. . What is the minimum number of instalments for recovery of GPF advance?

A) a. 10 B) b. 24 C) c. 36 D) d. 12

34. . What is the maximum number of instalments allowed for recovery of GPF advances?

A) a. 24 B) b. 36 C) c. 60 D) d. 100

35. . Which of the following situations are eligible for stoppage of recovery of advance of GPF taken by a subscriber?

A) a. When subscriber is in receipt of subsistence allowance B) b. When the subscriber is on leave for 10 days or more in a month and that leave does not carry leave salary C) c. When the subscriber has given a written request for postponement of recovery D) d. All the above

36. . If a subscriber makes a wrongful use of advance of GPF drawn by him, what action will be taken by the Sanctioning Authority?

A) a. Sanctioning Authority will direct the subscriber to repay the amount B) b. Sanctioning Authority will direct the subscriber to repay the amount with interest C) c. Sanctioning Authority will direct the subscriber to pay penal interest along with the recovery of advance D) d. No action will be taken

37. . Which of the following are the possible periods of time when a subscriber can apply for withdrawal from the Fund?

A) a. After completion of ten years of service B) b. Within ten years before the date of his retirement on superannuation C) c. Within twelve months before the date of his retirement on superannuation D) d. All the above

38. . What is the maximum amount than can be withdrawn by a subscriber?

A) a. 50% of the amount standing to his credit B) b. 3/4 th of the balance at his credit in the fund C) c. An amount equal to six months pay D) d. An amount equal to 90% of amount at credit

39. . What action will be taken when a subscriber who has been permitted to withdraw money from the fund for acquisition or purchase of a house, parts with the possession of the house by way of sale or otherwise without obtaining permission of the President?

A) a. He will be asked to cancel the sale B) b. He will be asked to repay the sum withdrawn forthwith C) c. He will be asked to pay penal interest on the amount withdrawn D) d. No action will be taken

40. . Can the Government deduct any amount due to them by a subscriber from his GPF accumulations at the time of his retirement?

A) a. Any amount due to the Government can be deducted from the GPF final payment B) b. The whole of the GPF amount should be paid first and then the payee may make good the Government dues later C) c. Adjustment of Government dues cannot be made from GPF without the consent of the subscriber D) d. Adjustment can be made from GPF if the Government dues are due to misappropriation of Government money by the official

41. . On the death of the subscriber, if no nomination in favour of members of the family of the subscriber subsists, the amount payable will not be paid to

A) B) b. Married daughters whose husbands are alive C) c. Married daughters of deceased son whose husbands are alive D) d. All the above

42. . According to the Deposit Linked Insurance Revised Scheme, what is the maximum amount that can be paid as additional amount in case of death of the subscriber?

A) a. ₹10,000 B) b. ₹25,000 C) c. ₹60,000 D) d. An average amount of the balance held in the 3 years immediately preceding the death

43. . In the payment of the additional insurance amount to a subscriber who is absconding, what is the time-limit after the lapse of which such amount will be paid?

A) a. Five years B) b. Six months C) c. Seven years D) d. Ten years

44. . What is the time-limit given to subscribers to GPF for verifying the correctness of the annual statement and intimating to the Accounts Office?

A) a. One month B) b. Two months C) D) d. One year

45. . What is the expansion of GPF Rules?

A) a. Government Permanent Fund B) b. Government Protection Fund C) c. General Provident Fund D) d. General Provident Forum