Above is the Syllabus of NSO 2020

English Portion 20 Mcqs : 20 Marks

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Functions of National Saving Organization Portion

is k lye is National Saving ki is website per ja ker achi trah sab kuch study kren aura notes bnaye q k mcqs
website per jo b hy se aeyga –

http://savings.gov.pk/

aur Mcqs nechai hy

National Savings Organization and Its Functions MCQs for

National Savings Officers Posts
Who said “Thrift as a national asset is going to play an important part in the building up of the
state. So save and invest in Pakistan saving certificates”?
(a) Quaid-I-Azam, Muhammad Ali Jinnah
(b) Nawab Liaqat Ali Khan
(c) President Sikandar Mirza
(d) None of the above Answer: a
The history of National Savings Organization dates back to the year
(a) 1871
(b) 1872
(c) 1873
(d) 1876
Answer: c

When the Government Savings Bank Act was promulgated in sub continent?
(a) 1871
(b) 1872
(c) 1873
(d) 1876
Answer: c

During the First World War, the British Government introduced several Schemes for collection of
funds to meet the expenditure in
(a) Japan
(b) USA
(c) Subcontinent
(d) Indonesia
Answer: c

During the First World War, the British Government introduced _________in Subcontinent
(a) Post Office Cash Certificates
(b) Post Office Defence Savings Certificates
(c) Special Savings Certificates
(d) Special Defence Certificates (Regd)
Answer: a

During the Second World War, the British Government introduced __________in Subcontinent
(a) Post Office Cash Certificates
(b) Post Office Defence Savings Certificates
(c) Special Savings Certificates
(d) Special Defence Certificates (Regd)
Answer: b
The need to setup a separate agency was felt and a National Savings Bureau was established in
_______as an attached department of the Ministry of Finance of the undivided Government of
India
(a) 1931- 24 (b) 1923- 24
(c) 1933- 34 (d) 1943- 44
Answer: d

National Savings Bureau department was headed by _________with the status of a Joint Secretary
(a) National Savings Executive
(b) National Savings Commissioner
(c) National Savings Deputy Commissioner
(d) National Savings Finance Minister
Answer: b

At that time the main functions of the Savings Department were to initiate all policy matters and
issue directives for the execution of policy decisions of the________, and to review the Savings
Schemes from time to time
(a) Central Government
(b) Provincial Government
(c) District Government
(d) Local Government
Answer: a

These authorized agents were in those days the only agency for securing investment in terms of
Savings Certificates from the general public
(a) True
(b) False
Answer: a

An organization with the name of „Pakistan savings Central Bureau‟ was created and the Savings
work was entrusted to it by the
(a) Government of Pakistan (b) Government of Punjab
(c) Government of KPK
(d) Government of Sindh
Answer: a
When the Pakistan Savings Control Bureau was re-named as Central Directorate of National
Savings and it carried out the functions on the lines of National Savings Bureau Simla?
(a) 1951 (b) 1953
(c) 1955 (d) 1957
Answer: b

Central Directorate of National Savings was given the status of an Attached Department
in________ and was made responsible for all policy matters and execution of various National
Savings Schemes
(a) September, 1960
(b) September, 1961
(c) September, 1962
(d) September, 1964
Answer: a

Till_______ the National Savings Organization functioned as a Publicity organization and its
activities were merely promotional in nature.
(a) December, 1971
(b) December, 1975
(c) December, 1976
(d) December, 1977
Answer: a

In early_________ the scope of its activities of National Savings Organization was enlarged as the
Central Directorate started selling II-Rupee Prize Bonds, and subsequently engaged in the
operations of other savings schemes.
(a) 1971
(b) 1972
(c) 1975
(d) 1976
Answer: b
At present, this Organization has a total sanctioned strength of 3377 employees in various grades
and its main component units are as under:
(a) Central Directorate of National Savings, Islamabad. (b) Directorate of Inspection and Accounts, Islamabad.

(c) Training Institute of National Savings, Islamabad alongwith a sub-Training Institute at Karachi.
(d) 12 Regional Directorates (located at Peshawar, Abbottabad, Islamabad, Gujranwala, Lahore,
Faisalabad, Multan, Bahawalpur, Sukkur, Hyderabad, Karachi, Quetta)
(e) 367 National Savings Centers spread throughout the country.
(f) All of these
Answer: f

The Government of Pakistan introduced Defence Savings Certificate scheme in the year
(a) 1964
(b) 1963
(c) 1966
(d) 1967
Answer: c

Which is the oldest scheme to benefit people who want to cater their daily needs with ease?
(a) Savings Account (SA)
(b) Pensioner’s Benefit Account (PBA)
(c) Special Savings Account (SSA)
(d) None of these
Answer: a

Who can facilitate people with this related Pakistani Prize Bond Scheme.
(a) National Savings Centers (NSC)
(b) Pakistan Post Office (PPO)
(c) State Bank of Pakistan (SBP)
(d) All of these
Answer: d
A photocopy of computerized National Identity Card (NIC) is mandatory for issuance of Savings
Account (SA)
(a) True
(b) False
Answer: a

One can withdraw deposits for Savings Account with a limit of three in a week and a profit rate of
8.50% credited on _______annually.
(a) 30th June
(b) 30th July
(c) 30th May
(d) 30th December
Answer: a

Which is for Pensioners in order to protect them from impact of rising inflation?
(a) Savings Account (SA)
(b) Pensioner’s Benefit Account (PBA)
(c) Special Savings Account (SSA)
(d) None of these
Answer: b

When Pensioner‟s Benefit Account (PBA) related Pakistani Prize Bond Scheme was launched with
maturity spans up to ten years.
(a) 19th January 2002
(b) 19th January 2003
(c) 19th January 2004
(d) 19th January 2005
Answer: b

Special Savings Account (SSA) was introduced during February of 1990 with _______maturity span.

(a) Three years

(b) Two years

(c) Five years

(d) One year

Answer: a
One can withdraw deposits any time but no profit will be paid before _______completion phase in
case of Special Savings Account (SSA).
(a) Three months
(b) Two months
(c) Five months
(d) Six months
Answer: d

Profit rate for Special Savings Account (SSA) is of

(a) 10.60 % per annum (b) 11.60 % per annum
(c) 12.60 % per annum (d) 13.60 % per annum
Answer: b

Defence Savings Certificate scheme is ________years‟ maturity scheme with built in feature of
automatic reinvestment after the maturity.
(a) 16 years
(b) 15 years
(c) 10 years
(d) 30 years
Answer: c

The minimum investment limit of Defence Savings Certificate scheme is

(a) Rs.500/
(b) Rs.1500/
(c) Rs.1000/
(d) Rs.5500/
Answer: a

Defence Savings Certificates can be purchased from any

(a) National Savings Centre (NSC), Pakistan Post Office (PPO)
(b) Authorized branches of Scheduled Banks branches
(c) The offices of State Bank of Pakistan (SBP)
(d) All of these
Answer: d
Keeping in view the monthly requirements of the general public, this five years‟ maturity scheme
was launched on
(a) 2nd February, 1991
(b) 2nd February, 1992
(c) 2nd February, 1993
(d) 2nd February, 1995
Answer: c

The minimum investment limit in BAHBOOD SAVINGS CERTIFICATES is

(a) Rs.1,000/
(b) Rs.2,000/
(c) Rs.5,000/ (d) Rs.6,000/
Answer: c

The maximum investment limit in BAHBOOD SAVINGS CERTIFICATES is

(a) Rs.1,000,000/
(b) Rs.2,000,000/
(c) Rs.3,000,000/
(d) Rs.4,000,000/
Answer: c

Which scheme is the oldest scheme among the National Savings instruments?
(a) Defence Savings Certificates,
(b) Special Savings Certificates (Regd)
(c) Savings Account
(d) All of these
Answer: c

Which scheme has been designed to encourage the small savers and to meet their day to day
needs?
(a) Defence Savings Certificates,
(b) Special Savings Certificates (Regd)
(c) Savings Account
(d) All of these
Answer: c
Which scheme is an ordinary account and frequent withdrawals ( thrice a week) can be made
through this account?
(a) Defence Savings Certificates,
(b) Special Savings Certificates (Regd)
(c) Savings Account
(d) All of these
Answer: c

The minimum investment limit for Savings Account is

(a) Rs.100/- (b) Rs.500/-
(c) Rs.1000/- (d) Rs.5000/-
Answer: a

A three years maturity scheme introduced in

(a) February, 1970
(b) February, 1980
(c) February, 1990
(d) February, 2000
Answer: c

The deposits are maintained in form of an account. Profit is paid on the completion of each period
of
(a) Three months
(b) Two months
(c) Six months
(d) Nine months
Answer: c

The minimum investment limit in SPECIAL SAVINGS ACCOUNT scheme is

(a) Rs.100/-
(b) Rs.500/-
(c) Rs.1000/-
(d) Rs.5000/-
Answer: b
PENSIONERS BENEFIT ACCOUNT is a ten years‟ maturity scheme was launched by the
Government on
(a) 19th January, 2001
(b) 19th January, 2002
(c) 19th January, 2003
(d) 19th January, 2005
Answer: c

The deposits are maintained in the form of accounts and the profit is paid on monthly basis
reckoned from the date of
(a) First January after opening of the account (b) Opening of the account (c) First June after opening of the account

(d) None of these

Answer: b

The minimum investment limit for PENSIONERS BENEFIT ACCOUNT is Rs.10,000/-

(a) Rs.10,000/-
(b) Rs.100,000/-
(c) Rs.3,00,000/
(d) Rs.3,000,000/
Answer: a

The maximum investment limit for PENSIONERS BENEFIT ACCOUNT is

(a) Rs.10,000/-
(b) Rs.100,000/-
(c) Rs.3,00,000/
(d) Rs.3,000,000/
Answer: d

Prize Bonds are bearer type of security available in minimum limit of

(a) Rs.200
(b) Rs.750
(c) Rs.1,500
(d) Rs.7,500
Answer: a
Prize Bonds are bearer type of security available in maximum limit of
(a) Rs.1,500 (b) Rs.7,500
(c) Rs.15,000
(d) Rs.40,000
Answer: d
Prize Bonds are issued in series. Each series consist of one less than
(a) 1,000,000 bonds
(b) 1,00,000 bonds
(c) 1,0,000 bonds
(d) 1 000 bonds
Answer: a
Can I deposit profit cheque into my account with any scheduled bank?
(a) No
(b) Yes
Answer: a

Subject to the rules of the respective schemes, the nominee may opt for encashment of the
certificates or transfer of the same in his/her name, however, in the former case the nominee shall
be required to furnish;
(a) an application on plain paper containing three specimen signatures of himself/herself duly verified to
the satisfaction of the officer in charge.
(b) death certificate of the deceased holder.
(c) attested photocopies of CNICs of both the deceased holder and himself.
(d) in case the certificates are intended to be transferred to nominee, an application on SC-4 supported
by relevant documents shall be required in addition to above requirements.
(e) Original Certificates.
(f) All of these
Answer: f

Do the revised rates of profit on National Savings Scheme automatically apply to the investment
made prior to such revision?
(a) Yes
(b) No
Answer: b
All National Savings Schemes (NSS) except Savings Account are term/fixed deposits; hence, the
agreement made at the time of investment remains valid upto the maturity of that particular
deposit.
(a) True
(b) False
Answer: a

Any change in profit either upwards or downwards on later issues doesn‟t affect the existing
investments.
(a) True
(b) False
Answer: a

If any investor intends to avail new rates, he/she can withdraw the investment and on payment of
subject to nominal service charges (if applicable) and then invest the same on new rates.
(a) True
(b) False
Answer: a

Can widowers invest in Bahbood Savings Certificates?

(a) Yes, at present the widowers can invest in Bahbood Savings Certificates
(b) No, at present the widowers cannot invest in Bahbood Savings Certificates
(c) After attaining 60 years of age they can invest in Bahbood Savings Certificates, because widowers
become automatically eligible being senior citizens
(d) None of these
Answer: c

Who are eligible to invest in Bahbood Savings Certificates?

(a) The widows with age of 60 or above
(b) Senior citizens aged 60 years or above
(c) Both a & b
(d) None of these
Answer: c
The investment made in National Savings Schemes (NSS) is fully guaranteed by the Government
of Pakistan.
(a) True
(b) False
Answer: a

The National Savings Schemes provide the facility of joint investment upto two persons
(a) True
(b) False
Answer: a

As per rules a purchaser can nominate an agent for collection of profit of the principal at his
personal risk after issuing a power of attorney duly attested by the Pakistani missions working in
that country subject to entire satisfaction of the Officer Incharge of National Savings Centre
concerned.
(a) True
(b) False
Answer: a

Investment from abroad can be made through Bank Draft/Cheque in any foreign currency in
favour of any of our office(s), along with the application form duly filled in and the copies of
Passport and National identity Card.
(a) True
(b) False
Answer: a

The investment in the National Savings Schemes is maintained and expressed in Pak rupee only
(a) True
(b) False
Answer: a
Amount received in foreign currency is converted into Pak rupee on the prevailing official
exchange rate through normal Banking channels for investment in National Savings Schemes.
(a) True
(b) False
Answer: a

The principal and profit accrued on a certificate issued against foreign exchange received through
remittance shall be payable abroad to the purchaser in foreign exchange if so desired by the
investor.
(a) True
(b) False
Answer: a

What is the maximum period for claiming the prize money?

(a) Prize Bond can be claimed within 8 years
(b) Prize Bond can be claimed within 9 years
(c) Prize Bond can be claimed within 7 years
(d) Prize Bond can be claimed within 6 years
Answer: d

The prize bonds can be redeemed on the face value and there is no deduction whatsoever on the
encashment of a prize bond itself irrespective of the amount involved.
(a) True
(b) False
Answer: a

The prize money upto Rs.1,250/- can be claimed from

(a) National Savings Centre
(b) Branches of authorized scheduled banks
(c) Branches of State Bank of Pakistan
(d) All of these
Answer: d
Prize money exceeding Rs.1250/- can be claimed only from the
(a) National Savings Centre
(b) Branches of authorized scheduled banks
(c) Branches of State Bank of Pakistan
(d) All of these
Answer: c

Zakat is collected from investment made in

(a) Defence Savings Certificates,
(b) Special Savings Certificates (Regd)
(c) Savings Account and Special Savings Account
(d) All of these
Answer: d

Any assets acquired against payment in foreign currency or maintained in foreign currency are to
be treated as exempt from compulsory collection of Zakat
(a) Yes
(b) No
Answer: b

Is there any Zakat collection in case of reinvestment of existing Certificates?

(a) Yes
(b) No
Answer: b

The Government of Pakistan introduced Short Term Savings Certificate scheme in the year
(a) 2010
(b) 2011
(c) 2012
(d) 2013
Answer:
 BASIC ACCOUNTING PORTION
AND
BASIC AUDITING PORTION
IS PORTION KA DATA GUZISHTA GROUP FILES SECTION MAI HY
Basic Public Finance Portion
Is Portion ke lye nechai diye gaye link per ja ker tayyari kijiye

http://www.geekmcq.com/economics/pFinance/2

Basic Arithmetic Portion

Please Focus on Concept of: Ratio – Proportion – Percentage – Algebra – Average – Missing Values – Number Findings

Link: https://sheir.org/edu/basic-mathematics-mcqs/ & http://www.geekmcq.com/entry-test-mcqs/math/

Basic I.T Portion

Please Focus on Computer related Short Key and its Descriptions – Ms Word / Excel / Power Point

Link : https://www.ezgolearning.com/computer-fundamentals-question-and-answers/computer-fundamentals-mcqs/
PAST MCQS OF NSO 2014 FPSC
FPSC –NATIONAL SAVING OFFICER BPS 17

TEST CONDUCTED IN MARCH 2014

SOURCE : http://www.cssforum.com.pk/jobs-scholarships/jobs-announcements/95559-national-savings-officer-jobs-fpsc-18.html

Antonym of obdurate. Flexible

Minimum amount in defence saving account? Rs.5000

How many types of bond? 6 types in terms of face value.

Biggest bank? World Bank

How much profit earned on special saving account?

Maximum amount in bahbood saving account? 3 million

Some acts regarding state bank asked.

Why is Y theory? Those who wok positively.

Whichone is not function of state bank?

State bank started its function on which year? 1948

Value added tax? Progressive tax

Theory of Milton Friedman?

OMR sheet?

Governer State Bank appointed for 3 years.

Who gave concept of balanced growth theory?

Monopoly and competition was discussed by Edwerd Chamberlain.

Cost of reducing inflation is called disinflation.

Marshall, Alfred worked upon increasing and decreasing cost industries.

Economic growth theory coined by Robert Solow.

Which one of following is not function of management? I did MIS.

Who said leaders are born not made?

Group behavior studies was introduced by Hawthorne.

What is Fielder Contingency Management? I did how leaders behave followers.

Father of scientific management is Fredrick W Taylor

what is interest rate on Rs.100000 Bahbood certificates and right answer is Rs.1170

SYLLABUS 2014

ENGLISH

Functions of National Savings Organization

Economics theories/Economics Development

Management theories/concepts and quantitative

Analysis

Central Banking

Public Finance

Monetary Policy

Basic Arithmetic and I.T. Knowledge

SYLLABUS 2020

ENGLISH :

Functions of National Savings Organization

PUBLIC FINANCE

BASIC AUDIT & ACCOUNTS

Basic Arithmetic and I.T. Knowledge