30 - Bank Accounts

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1).
Which of the following is not acceptable as address proof for opening a bank account by an individual?
2).
Balance in a current account is classified as which of the following?
3).
What is the number of digits in IFSC Code?
4).
The savings bank account that does not operate for more than 24 months, then the acount is called?
5).
What is the full form of BSBDA?
6).
In which of the following accounts, shares and securities are held in dematerialized form?
7).
What is an Demat account?
8).
Which of the following accounts is intended to manage the income earned in India from sources like pension, dividend, rent, etc?
9).
What is the full form of NRE account?
10).
In which of the following accounts, you do not get interest?
1. Which of the following is not acceptable as address proof for opening a bank account by an individual?
[A] Letter from any recognized public authority
[B] Domicile certificate
[C] A rent agreement indicating the address of the customer duly registered with State Govt.
[D] Other than those gives as options
2. Balance in a current account is classified as which of the following?
[A] Hybrid deposit
[B] Term deposit
[C] Demand deposit
[D] Fixed deposit
3. What is the number of digits in IFSC Code?
[A] 11
[B] 15
[C] 9
[D] 7
4. The savings bank account that does not operate for more than 24 months, then the acount is called?
[A] dormant account
[B] demat account
[C] inoperative account
[D] inactive amount
5. What is the full form of BSBDA?
[A] Basic Saving and Bank Deposit Access
[B] Basic Saving and Bank Demand Account
[C] Broad Saving and Bank Deposit Account
[D] Basic Saving and Bank Deposit Account
6. In which of the following accounts, shares and securities are held in dematerialized form?
[A] Salary account
[B] Current account
[C] Demat account
[D] Savings account
7. What is an Demat account?
[A] Zero Balance Accounts
[B] Accounts which are opened to facilitate repayment of a loan taken from the bank. No other business
[C] Accounts in which shares of various companies are traded in electronic form
[D] Accounts which are operated through internet banking facility
8. Which of the following accounts is intended to manage the income earned in India from sources like pension, dividend, rent, etc?
[A] NRO account
[B] NRE account
[C] NRI account
[D] None of the above
9. What is the full form of NRE account?
[A] National Rural External account
[B] National Resident External account
[C] Non Resident External account
[D] None of the above
10. In which of the following accounts, you do not get interest?
[A] Savings account
[B] Current account
[C] Both 1 and 2
[D] None of the above
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