Pradhan Mantri Garib Kalyan Yojana (PMGKY)
Banking Awareness Questions on Pradhan Mantri Garib Kalyan Yojana (PMGKY). Important Banking Awareness Questions for upcoming Bank exams like SBI PO, IBPS PO, Clerk, RRB PO, IPPB, RBI.
- The government had extended time for making deposits under Pradhan Mantri Garib Kalyan Yojana (PMGKY) till which date?
A) May 10, 2017
B) April 30, 2017
C) June 30, 2017
D) July 1, 2017
- The government had extended time for filing declarations under Pradhan Mantri Garib Kalyan Yojana (PMGKY) till which date?
A) May 10, 2017
B) April 30, 2017
C) June 30, 2017
D) April 10, 2017
- The deposits made in Pradhan Mantri Garib Kalyan Yojana (PMGKY) shall be held in _________ maintained with Reserve Bank of India.
A) Saving Account
B) Bond Ledger Accounts (BLA)
C) CASA
D) Reserved Account
- Which of the following banks cannot accept deposits under Pradhan Mantri Garib Kalyan Yojana (PMGKY)?
I. Public Sector Banks
II. Private Sector Bank
III. Co-operative Banks
A) Only II
B) Only I
C) Only III
D) Both II and III
- What is the minimum limit for depositing in the Pradhan Mantri Garib Kalyan Yojana (PMGKY)?
A) 30 % of the undisclosed income
B) 25 % of the undisclosed income
C) 33 % of the undisclosed income
D) 49.9 % of the undisclosed income
- The deposit made under Pradhan Mantri Garib Kalyan Yojana (PMGKY) should be in the multiples of ?
A) Rs 100
B) Rs 500
C) Rs 1000
D) Rs 2000
- What interest rate will be paid on the deposit under the Pradhan Mantri Garib Kalyan Yojana (PMGKY)?
A) 0%
B) 4%
C) 6%
D) Same as Repo Rate
- What is the lock-in period of Pradhan Mantri Garib Kalyan Yojana (PMGKY)?
A) 2 years
B) 3 years
C) 4 years
D) 5 years
- After how many years the deposit made under Pradhan Mantri Garib Kalyan Yojana (PMGKY) be prematurely redeemed?
A) 1 years
B) 2 years
C) 3 years
D) Premature Redemption not allowed
- What is the total tax to be paid of the declared undisclosed income under the Pradhan Mantri Garib Kalyan Yojana (PMGKY) including surcharge and penalty?
A) 30%
B) 33%
C) 49.5%
D) 49.9%
- A person a person who does not opt for the PMGKY scheme but offers his black income in his Income Tax Returns will face a tax and penalty rate of ______ per cent.
A) 77.25
B) 137.25
C) 83.25
D) 107.25
- The one who does not offer his stash funds(fund under PMGKY) under the scheme but is caught with undisclosed income in scrutiny assessment will face ____ per cent tax rate.
A) 77.25
B) 137.25
C) 83.25
D) 107.25
- For those who do not declare their stash under the PMGKY and are raided will face 107.25 per cent tax and penalty if the undisclosed income is surrendered during the action.
A) 77.25
B) 137.25
C) 83.25
D) 107.25
- People who do not surrender the hidden income even during searches will stand to face the highest level of penalty and tax at 137.25 per cent.
A) 77.25
B) 137.25
C) 150
D) 175
- Identify the true statements:
I. Under Income Declaration Scheme, a person first declared the income and then paid the penalty tax
II. Under Income Declaration Scheme, a person first paid the tax and then declared the income.
III. Under PMGKY, a person first paid the tax and then declares the income.
IV. Under PMGKY, a person first declares the income and then pays the tax
A) Both II and IV
B) Both II and III
C) Both I and IV
D) Both I and III
For more Banking Awareness Questions Click here
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ty))
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