How many saving accounts can be opened by a guardian on behalf of a minor? a) Only one account can be opened on behalf of one minor by one guardian i.e either mother or father b) Only two account can be opened on behalf of one minor by both the father and mother c) No min limit d) None of these

How many saving accounts can be opened by a guardian on behalf of a minor?
a) Only one account can be opened on behalf of one minor by one guardian i.e either
mother or father
b) Only two account can be opened on behalf of one minor by both the father and
mother
c) No min limit
d) None of these
by

1 Answer

Answer :

a) Only one account can be opened on behalf of one minor by one guardian i.e either
mother or father
by

Related questions

Mark the correct option a) A pensioner of any central or state Govt whom dept of post has signed an agreement for disbursement of pension can open either single or joint with spouse account. b) Sanchayika accounts can be opened in the name of the principal/teacher and two students not less than 10 year of age c) Minor account can be opened by a person under the law in force from time to time as guardian when father and mother both are not alive d) All the above

Description : Mark the correct option a) A pensioner of any central or state Govt whom dept of post has signed an agreement for disbursement of pension can open either single or joint with spouse account. b) ... from time to time as guardian when father and mother both are not alive d) All the above

Last Answer : d) All the above

What is the minimum age for opening a single saving account by a minor himself in his name? a) 10 years b) 14 years c) 18 years d) No min age limit

Description : What is the minimum age for opening a single saving account by a minor himself in his name? a) 10 years b) 14 years c) 18 years d) No min age limit

Last Answer : a) 10 years

PPF account can be opened a) only one single b) One minor account on behalf of the minor c) A only d) Both the A and B Ans:d 97. Mark the correct option

Description : PPF account can be opened a) only one single b) One minor account on behalf of the minor c) A only d) Both the A and B And B

Last Answer : d) Both the A and B

PPF account can be opened by a) An individual adult can on his own name b) An individual on behalf of minor c) Both the A & B d) None of these

Description : PPF account can be opened by a) An individual adult can on his own name b) An individual on behalf of minor c) Both the A & B d) None of these

Last Answer : c) Both the A & B

How many Single saving accounts may be opened by an adult in his own name in any one post office? a) Only one b) Only Two c) No such limit d) None of these

Description : How many Single saving accounts may be opened by an adult in his own name in any one post office? a) Only one b) Only Two c) No such limit d) None of these

Last Answer : a) Only one

Mark the correct option a) After maturity , the senior citizen account will be extended further 3 year b) The account continued after maturity, the deposit shall earn interest at the rate applicable to the new account opened. c) In case the account not extended on maturity and closed at any time the saving bank interest applicable d) There is no maximum time limit for PMI e) All the above

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Last Answer : e) All the above

Payment on death of depositor a) The deposit shall be paid to nominee b) In case nominee is the minor the deposit shall paid to person appointed to receive c) Where no such person is authorized, to the guardian of the minor for the use of minor. d) Where the deposit is payable to two or more nominees and either or any of them is dead, the deposit shall be paid to the surviving nominees or nominees. e) All the above

Description : Payment on death of depositor a) The deposit shall be paid to nominee b) In case nominee is the minor the deposit shall paid to person appointed to receive c) Where no such person is authorized, to ... them is dead, the deposit shall be paid to the surviving nominees or nominees. e) All the above

Last Answer : e) All the above

The Saving bank act 1873 does not apply to a) 5 Year RD accounts b) TD accounts c) Account opened through agents d) Sanchaya ka accounts

Description : The Saving bank act 1873 does not apply to a) 5 Year RD accounts b) TD accounts c) Account opened through agents d) Sanchaya ka accounts

Last Answer : d) Sanchaya ka accounts

Which of the following is known as “Demat” account? A. Account in which shares are held in electronic form B. other than those given as options C. Account allowed to be operated by guardian of minor D. Account operated by business correspondents in rural centres. E. Account opened with zero balance

Description : Which of the following is known as Demat account? A. Account in which shares are held in electronic form B. other than those given as options C. Account allowed to be operated by ... minor D. Account operated by business correspondents in rural centres. E. Account opened with zero balance

Last Answer : A. Account in which shares are held in electronic form Explanation: A Dematerialized account is opened by the investor while registering with an investment broker (or sub-broker).

Joint account can be opened with a) Father/mother only b) Spouse only c) Any persons d) Only within relation

Description : Joint account can be opened with a) Father/mother only b) Spouse only c) Any persons d) Only within relation

Last Answer : b) Spouse only

Mark the incorrect option a) Single account can be converted into Joint and Vice versa b) Minor after attaining majority has to apply for conversion of the account in his name c) If minor attaining majority the account can be closed by guardian d) None of these

Description : Mark the incorrect option a) Single account can be converted into Joint and Vice versa b) Minor after attaining majority has to apply for conversion of the account in his name c) If minor attaining majority the account can be closed by guardian d) None of these

Last Answer : c) If minor attaining majority the account can be closed by guardian

Mark correct option relating to worker wage accounts a) A single account may be opened by any of the registered adult of a house hold whose name is mentioned in the job card. b) A joint account can be opened in the name of husband and wife provided that names of both are registered in the job card c) Joint B account cannot be opened under this category of account d) Only one account can be opened. e) All the above

Description : Mark correct option relating to worker wage accounts a) A single account may be opened by any of the registered adult of a house hold whose name is mentioned in the job card. b) A joint account can ... be opened under this category of account d) Only one account can be opened. e) All the above

Last Answer : d) Only one account can be opened.

Mark the correct option a) A literate person can account with cheque facility b) No minimum amount is required for opening of Workers wage account c) Saving account can be opened by cash only d) All the above

Description : Mark the correct option a) A literate person can account with cheque facility b) No minimum amount is required for opening of Workers wage account c) Saving account can be opened by cash only d) All the above

Last Answer : d) All the above

Mark the correct option a) A RD account can be opened with min deposit of Rs 10/- and multiple of Rs 5/- b) No max deposit will be prescribed in RD account c) Rebate will be paid on 6 advance deposit or more as per prescribed and default will be recovered if a depositor fails to deposit his/her monthly deposit up to last working day of a calendar month, d) All the above

Description : Mark the correct option a) A RD account can be opened with min deposit of Rs 10/- and multiple of Rs 5/- b) No max deposit will be prescribed in RD account c) Rebate will be paid on 6 advance ... fails to deposit his/her monthly deposit up to last working day of a calendar month, d) All the above

Last Answer : d) All the above

No maximum limit on saving bank accounts from a) 01 Oct 2011 b) 01 Dec 2011 c) 01 Jan 2012 d) None of these

Description : No maximum limit on saving bank accounts from a) 01 Oct 2011 b) 01 Dec 2011 c) 01 Jan 2012 d) None of these

Last Answer : a) 01 Oct 2011

The amount of maturity inclusive of interest if becomes Rs 20000/- or above shall be paid by a) Cash only b) By crossed cheque c) By Credit into saving accounts d) Either B or C

Description : The amount of maturity inclusive of interest if becomes Rs 20000/- or above shall be paid by a) Cash only b) By crossed cheque c) By Credit into saving accounts d) Either B or C

Last Answer : d) Either B or C

When an application is received for the purchase of a certificate on behalf of a minor a) The certificate should be issued in the name of the minor b) The certificate should be issued in the name of the minor c) The application should be signed by an adult purchasing the certificates on behalf of a minor d) Both B and C

Description : When an application is received for the purchase of a certificate on behalf of a minor a) The certificate should be issued in the name of the minor b) The certificate should be issued in the name of ... should be signed by an adult purchasing the certificates on behalf of a minor d) Both B and C

Last Answer : d) Both B and C

Mark the correct option a) Nomination cannot be made in case NSC purchased on behalf of minor. b) No fee will be charged for registration, cancellation or change in the nomination c) Tax rebate u/s 80-C will be available in NSC d) All the above

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Last Answer : d) All the above

Mark the correct option a) The final withdrawal in saving account made through SB 7 only b) In joint B saving accounts at the ti c) Saving account of deceased depositor can not be transferred from one post office to another post officed) All the above

Description : Mark the correct option a) The final withdrawal in saving account made through SB 7 only b) In joint B saving accounts at the ti c) Saving account of deceased depositor can not be transferred from one post office to another post office d) All the above

Last Answer : d) All the above

Mark the correct option a) Minor cannot appoint a messenger for making withdrawal from SB account b) At the time of making a withdrawal by cheque from saving account not necessary to provide pass bookc) The amount annual interest added in a saving account may not be treated as transaction in that accountd) All the above

Description : Mark the correct option a) Minor cannot appoint a messenger for making withdrawal from SB account b) At the time of making a withdrawal by cheque from saving account not necessary to provide pass book ... added in a saving account may not be treated as transaction in that account d) All the above

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If a MO is received payable to a minor a) It can be paid to the minor if he is old enough to understand the nature of the transaction b) When the minor is under years of discretion and is living with his parents, payment will be made to his parents on signing the MO on behalf of the minor c) When the minor is under years of discretion and is not living with his parents, payment can be made to person in whose care the minor is living on getting an undertaking d) All the above

Description : If a MO is received payable to a minor a) It can be paid to the minor if he is old enough to understand the nature of the transaction b) When the minor is under years of discretion and is living ... can be made to person in whose care the minor is living on getting an undertaking d) All the above

Last Answer : d) All the above

When subscriber dies while in service and nominee is minor Then who will collect due amount from GPF ? a. minor b natural guardian of minor c None of these

Description : When subscriber dies while in service and nominee is minor Then who will collect due amount from GPF ? a. minor b natural guardian of minor c None of these

Last Answer : b natural guardian of minor

If the account opened with initial deposit exceeding Rs 50000/- _____ is mandatory a) Pan Card photocopy b) Declaration in form 60/61 c) Both the above d) Either A or B

Description : If the account opened with initial deposit exceeding Rs 50000/- _____ is mandatory a) Pan Card photocopy b) Declaration in form 60/61 c) Both the above d) Either A or B

Last Answer : d) Either A or B

MIS account in multiple of Rs. 1500/- can be made instead of Rs. 1000/- MIS and the maximum limit of investment in a single account has been raised from Rs. 3 lakh to Rs. 4.5 lakh and in joint account opened by two or three adults; the maximum limit has been raised from Rs. 6 lakh to Rs. 9 Lakh. Wef a) 01.8.2007 b) 12.5.2008 c) 30.08.2009 d) None of these

Description : MIS account in multiple of Rs. 1500/- can be made instead of Rs. 1000/- MIS and the maximum limit of investment in a single account has been raised from Rs. 3 lakh to Rs. 4.5 lakh and in joint account opened by two ... to Rs. 9 Lakh. Wef a) 01.8.2007 b) 12.5.2008 c) 30.08.2009 d) None of these

Last Answer : a) 01.8.2007

Cash bag received in account office should be opened by a) Postmaster in presence of sub postmaster c) Treasure in presence of sub account assistant c) Either A or B d) Neither A nor B

Description : Cash bag received in account office should be opened by a) Postmaster in presence of sub postmaster c) Treasure in presence of sub account assistant c) Either A or B d) Neither A nor B

Last Answer : c) Treasure in presence of sub account assistant

Mark the correct option a) In case death of the one depositor of joint account holder , in the MIS account the account will be treated as single from the date of death of the account holder b) The surviving depositor will have withdraw the excess amount over and above the maximum limit of investment by single depositor. c) If this amount is not withdrawn, the excess amount will carry the normal saving bank interest d) All the above

Description : Mark the correct option a) In case death of the one depositor of joint account holder , in the MIS account the account will be treated as single from the date of death of the account holder b ... amount is not withdrawn, the excess amount will carry the normal saving bank interest d) All the above

Last Answer : d) All the above

Mark the correct option. a) The first loan on PPF accounts can be taken in the third year from the year of opening the account. b) The amount of Loan will be restricted to 25% of the balance at the account end of the second year preceding the year in which the loan is applied for. c) The loan is repayable either in lump sum or in convenient installments of not more than 36. d) All the above

Description : Mark the correct option. a) The first loan on PPF accounts can be taken in the third year from the year of opening the account. b) The amount of Loan will be restricted to 25% of the balance at ... is repayable either in lump sum or in convenient installments of not more than 36. d) All the above

Last Answer : d) All the above

The transaction relating to the business managed by the department on behalf of the government are included in -------------------- a. Major account heads b. remittance and debt sections of the account c. None of these

Description : The transaction relating to the business managed by the department on behalf of the government are included in -------------------- a. Major account heads b. remittance and debt sections of the account c. None of these

Last Answer : b. remittance and debt sections of the account

Mark the correct option a) NSC can be purchased by jointly or single b) No maximum limit for purchasing NSC c) NSC VIII available in min Rs 100 den d) All the above

Description : Mark the correct option a) NSC can be purchased by jointly or single b) No maximum limit for purchasing NSC  c) NSC VIII available in min Rs 100 den d) All the above

Last Answer : d) All the above

Insured boxes dimensions and weight limit is a) Max 200X200X100, min as per letter & 2 Kg a) Max 300X200X100, min as per letter & 1 Kg a) Max 100X200X100, min as per letter & 4 Kg a) None of the above

Description : Insured boxes dimensions and weight limit is a) Max 200X200X100, min as per letter & 2 Kg a) Max 300X200X100, min as per letter & 1 Kg a) Max 100X200X100, min as per letter & 4 Kg a) None of the above

Last Answer : a) Max 300X200X100, min as per letter & 1 Kg

Size limit of book packet roll and other than roll is a) Min 10X17 cm & max 80X100, 10X7 cm & 60X30X30 cm b) Max 15 cm x 10.5 Cm min 10X7 cm c) Min11X22cm & max 60X40cm, min 20X17cm &max 90X100cm d) None of these

Description : Size limit of book packet roll and other than roll is a) Min 10X17 cm & max 80X100, 10X7 cm & 60X30X30 cm b) Max 15 cm x 10.5 Cm min 10X7 cm c) Min11X22cm & max 60X40cm, min 20X17cm &max 90X100cm d) None of these

Last Answer : a) Min 10X17 cm & max 80X100, 10X7 cm & 60X30X30 cm

Post card of private manufacture size limit is a) Min10X7cm & max 50X100cm, min 15X25cm &max 80X100cm b) Max 15 cm x 10.5 Cm min 10X7 cm c) Min11X22cm & max 60X40cm, min 20X17cm &max 90X100cm d) None of these

Description : Post card of private manufacture size limit is a) Min10X7cm & max 50X100cm, min 15X25cm &max 80X100cm b) Max 15 cm x 10.5 Cm min 10X7 cm c) Min11X22cm & max 60X40cm, min 20X17cm &max 90X100cm d) None of these

Last Answer : b) Max 15 cm x 10.5 Cm min 10X7 cm

Size limit of Inland letter card folded and unfolded is a) Min15.2X9cm & max 21X10cm, min 28.2X18.2cm max 30X21cm b) Min10X7cm & max 50X100cm, min 15X25cm &max 80X100cm c) Min11X22cm & max 60X40cm, min 20X17cm &max 90X100cm d) None of these

Description : Size limit of Inland letter card folded and unfolded is a) Min15.2X9cm & max 21X10cm, min 28.2X18.2cm max 30X21cm b) Min10X7cm & max 50X100cm, min 15X25cm &max 80X100cm c) Min11X22cm & max 60X40cm, min 20X17cm &max 90X100cm d) None of these

Last Answer : a) Min15.2X9cm & max 21X10cm, min 28.2X18.2cm max 30X21cm

Size limit of letter and roll is a) Min11X7cm & max 60X90cm, min 10X17cm & max 88X100cm b) Min10X7cm & max 50X100cm, min 15X25cm &max 80X100cm c) Min11X22cm & max 60X40cm, min 20X17cm &max 90X100cm d) None of these

Description : Size limit of letter and roll is a) Min11X7cm & max 60X90cm, min 10X17cm & max 88X100cm b) Min10X7cm & max 50X100cm, min 15X25cm &max 80X100cm c) Min11X22cm & max 60X40cm, min 20X17cm &max 90X100cm d) None of these

Last Answer : a) Min11X7cm & max 60X90cm, min 10X17cm & max 88X100cm

The min RPLI policy limit is a) 20000/- b) 25000/- c) 10000/- c) 15000/

Description : The min RPLI policy limit is a) 20000/- b) 25000/- c) 10000/- c) 15000/

Last Answer : c) 10000/

Protected saving scheme is admissible in _____ den of RD accounts a) 10 b) 20 c) 50 d) 50

Description : Protected saving scheme is admissible in _____ den of RD accounts a) 10 b) 20 c) 50 d) 50

Last Answer : d) 50

Which office issue duplicate passbook of a saving accounts is paid by the depositor? a) Head Office b) SO c) The same SO where A/c Stands d) None of these

Description : Which office issue duplicate passbook of a saving accounts is paid by the depositor? a) Head Office b) SO c) The same SO where A/c Stands d) None of these

Last Answer : c) The same SO where A/c Stands

What is the fee for making nomination in a saving accounts first time a) Rs 1/- b) Rs 2/- c) Rs 3/- d) Free

Description : What is the fee for making nomination in a saving accounts first time a) Rs 1/- b) Rs 2/- c) Rs 3/- d) Free

Last Answer : d) Free

The revised rate of interest @4% on saving accounts wef a) 01 Oct 2011 b) 01 Dec 2011 c) 01 Nov 2011 d) 01 Jan 2012

Description : The revised rate of interest @4% on saving accounts wef a) 01 Oct 2011 b) 01 Dec 2011 c) 01 Nov 2011 d) 01 Jan 2012

Last Answer : b) 01 Dec 2011

What is the current rate of interest on saving accounts? a) 3.5% b) 4% c) 8% d) 8.2 %

Description : What is the current rate of interest on saving accounts? a) 3.5% b) 4% c) 8% d) 8.2 %

Last Answer : b) 4%

What are the other deposit accounts can be opened by an individual in where one holds „Basic Savings Bank Deposit Account‟? A. Fixed Deposit B. Recurring Deposit C. Another BSBDA D. Both A and B E. None of the Above

Description : What are the other deposit accounts can be opened by an individual in where one holds „Basic Savings Bank Deposit Account‟? A. Fixed Deposit B. Recurring Deposit C. Another BSBDA D. Both A and B E. None of the Above

Last Answer : D. Both A and B Explanation: One can have Term/Fixed Deposit, Recurring Deposit etc., accounts in the bank where one holds ‗Basic Savings Bank Deposit Account.

Mark the correct option a) There is no maximum limit of deposit in TD accounts of any type b) No subsequent withdrawal allowed in TD accounts before date of maturity c) The investment under 5 years TD qualifies for the benefit of Section 80C f the income tax Act 1961 from 01-04-2007 d) All the above

Description : Mark the correct option a) There is no maximum limit of deposit in TD accounts of any type b) No subsequent withdrawal allowed in TD accounts before date of maturity c) The investment under 5 years TD ... the benefit of Section 80C f the income tax Act 1961 from 01-04-2007 d) All the above

Last Answer : d) All the above

Mark the correct option a) Maximum 12 deposit can be made in a financial year and more than one deposit can be made in one month b) Only one account can be opened in Post office or SBI or any nationalized banks. c) The account can be transferred from one PO to another and PO to State bank or nationalized bank vice versa. d) All the above

Description : Mark the correct option a) Maximum 12 deposit can be made in a financial year and more than one deposit can be made in one month b) Only one account can be opened in Post office or SBI or any ... from one PO to another and PO to State bank or nationalized bank vice versa. d) All the above

Last Answer : d) All the above

Mark the incorrect option relating to PPF account a) An individual can open account with Rs 5/- b) Joint account can be opened in PPF c) Nomination facility is available d) Both the A and B

Description : Mark the incorrect option relating to PPF account a) An individual can open account with Rs 5/- b) Joint account can be opened in PPF c) Nomination facility is available d) Both the A and B

Last Answer : b) Joint account can be opened in PPF

Mark the correct option continuation of senior citizen account after death of the depositor a) In case of joint account (Senior citizen) or where spouse is the sole nominee, the spouse may continue the account on the same terms and conditions even if the spouse is below the age of 60 year. b) The account cannot be continued should be closed. c) If both spouses opened joint account, the spouse cannot continue account after death of the 1st depositor d) All the above

Description : Mark the correct option continuation of senior citizen account after death of the depositor a) In case of joint account (Senior citizen) or where spouse is the sole nominee, the spouse may continue ... account, the spouse cannot continue account after death of the 1st depositor d) All the above

Last Answer : d) All the above

When an account opened in contravention of rules a) The account should be closed b) The deposit made in the account refunded to the depositor without interest c) Both A and B d) None of these

Description : When an account opened in contravention of rules a) The account should be closed b) The deposit made in the account refunded to the depositor without interest c) Both A and B d) None of these

Last Answer : c) Both A and B