Q1.
“Hybrid” Deposits are:
Q2.
“Know your Customer” (KYC) guidelines of RBI are mandatory:
Q3.
Which bank can give interest on savings bank for more than 3.5% per annum?
Q4.
Non-Resident Indian (NRI) can open FCNR(B) deposit account
Q5.
Now, Interest on Savings Bank account is calculated:
Q6.
Interest on fixed deposits:
Q7.
HUF (Hindu Undivided Family) account is opened:
Q8.
Deposit Insurance And Credit Guarantee Corporation (DICGC) provides deposit insurance upto:
Q9.
In the case of a Trust account:
Q10.
For the debts of a partnership firm:
Q11.
(I) There is no restriction on the number and the amount of withdrawals from a Current account.
(II) Current accounts are non-interest bearing and banks are not allowed to pay interest or brokerage to the current account holder.
Q12.
The balances for ‘No-frills’ Savings Bank Account should not exceed ___________ in a year.
Q13.
The minimum period of fixed deposit is _________, as per the directive of the RBI.
Q14.
Advantage Deposit is a combination of :
Q15.
The FCNR (B) deposit account can only be maintained in the form of terms deposit for maturities of min _________ to max _________.
Q16.
The minimum tenor of domestic/NRO term deposits below Rs. 15 lakh is:
Q17.
The minimum maturity period for NRE deposits is:
Q18.
HUF account is operated by:
Q19.
Illiterate persons are permitted to open a current account.
Q20.
(I) For Private Ltd Company have 7 or more shareholders
(II) For Public company have 2 to 51 shareholders.
Q21.
(I) Deposit at Call accounts are maintained by fellow banks with another bank which are payable on demand only.
(II) No Wealth Tax & Income Tax is applicable on FCNR (B) deposits.
Q22.
Term deposits are comprise of:
Q23.
NRI/PIO may remit an amount, not exceeding ___________ per financial year.
Q24.
The trustee cannot raise loan without the permission of the court, unless permitted by the trust deed.
Q25.
The Foreign Currency Non-Resident (FCNR) account can be opened only as a term deposit for a maximum period of ________.
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