Which of the following does not have savings account? A. NRE Account B. NRO Account C. FCNR(B) Account D. Both (A) and(C) E. All of the Above

1 Answer

Answer :

C. FCNR(B) Account Explanation: Non-Resident (External) Rupee Account Scheme[NRE Account]: Savings, Current, Recurring, Fixed Deposit Foreign Currency (Non-Resident) Account (Banks) Scheme [FCNR (B) Account]: Term Deposit only Non-Resident Ordinary Rupee Account Scheme [NRO Account]: Savings, Current, Recurring, Fixed Deposit.

Related questions

Description : Which of the following account can be repatriable? A. NRE Account B. NRO Account C. FCNR(B) Account D. Both (A) and(C) E. All of the Above

Last Answer : D. Both (A) and(C) Explanation: Non-Resident (External) Rupee Account Scheme[NRE Account] and Foreign Currency (Non-Resident) Account (Banks) Scheme [FCNR (B) Account]can be repatriable while Non- ... up to USD 1 (one) million per financial year (April-March) along with their other eligible assets.

Description : Deposits under Foreign Currency Non-Resident(FCNR) scheme can be accepted for a minimum of________ A. Six months B. Three months C. One year D. 15 days E. None of the Above

Last Answer : C. One year Explanation: The deposits should be accepted under the Foreign Currency Non-Resident(FCNR) Scheme for the following maturity periods: One year and above but less than two years Two years ... above but less than four years Four years and above but less than five years Five years only

Description : Deposits under Foreign Currency Non-Resident(FCNR) scheme can be accepted for a minimum of _______ A. 15 days B. 3 months C. 6 months D. 1 year E. 7 days

Last Answer : D. 1 year Explanation: Term Deposit with maturity of minimum 1 year & maximum 5 years can be opened under Foreign Currency Non-Resident(FCNR) scheme.

Description : An EEFC account can be held only in the form of ________ A. Savings Bank Account B. Deposit Account C. Current Account D. Both (B) and (C) E. None of the Above

Last Answer : C. Current Account Explanation: An EEFC account can be held only in the form of a current account. No interest is payable on EEFC accounts.

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.

Description : Banks can not generally accept interest-free deposits. which of the following is an exception to this rule? A. Current Account B. Savings Account of Minors C. Deposit from Minority groups D. BSBDA E. None of the Above

Last Answer : A. Current Account Explanation: Banks cannot accept interest free deposits other than in current account.

Description : An EEFC account can be held only in the form of a ________ A. Current Account B. Savings Bank Account C. loan Account D. All of the Above E. None of the Above

Last Answer : A. Current Account Explanation: An EEFC(Exchange Earners‘ Foreign Currency Account) account can be held only in the form of a current account. No interest is payable on EEFC accounts.

Description : How many Basic Savings Bank Deposit Account(BSBDA) can be opened by an individual? A. One B. Two C. Three D. Four E. None of the Above

Last Answer : A. One Explanation: An individual is eligible to have only one ‗Basic Savings Bank Deposit Account‘ in one bank.

Description : ________ is a temporary pass through account held by a third party during the process of a transaction between two parties. A. Savings Bank Account B. Current Account C. Deposit Account D. Escrow Account E. None of the Above

Last Answer : D. Escrow Account Explanation: Escrow Account: Account in which funds are accumulated for specific disbursements. It is a temporary pass through account held by a third party during the process of a transaction between two parties.

Description : The Nusselt number for fully developed (both thermally and hydrodynamically) laminar flow through a circular pipe whose surface temperature remains constant is (A) 1.66 (B) 88.66 (C) 3.66 (D) Dependent on NRe only

Last Answer : (C) 3.66

Description : The Nusselt number for fully developed (both thermally and hydrodynamically) laminar flow through a circular pipe, where the wall heat flux is constant, is (A) 2.36 (B) 4.36 (C) 120.36 (D) Dependent on NRe only

Last Answer : (B) 4.36

Description : An account which is maintained by depositing undistributed parts of profit for future needs is known as ________ A. Savings Account B. Current Account C. Reserve Account D. None of the Above

Last Answer : C. Reserve Account Explanation: Funds taken out of earnings to provide for anticipated future payments is called Reserve Account.

Description : An account for which a bank acts as an uninterested third party is termed as _______ A. Savings Account B. Current Account C. Reserve Account D. Escrow Account

Last Answer : D. Escrow Account Explanation: An escrow account is a temporary pass through account held by a third party during the process of a transaction between two parties. Definition: An escrow account ... pass through account held by a third party during the process of a transaction between two parties.

Description : What is the minimum initial deposit required for opening a Basic Savings Bank Deposit Account(BSBDA)? A. 500 B. 1000 C. 100 D. No initial deposit

Last Answer : D. No initial deposit Explanation: There is no requirement for any initial deposit for opening a BSBDA.

Description : Friction factor for a hydraulically smooth pipe at NRe = 2100 is f1 . If the pipe is further smoothened (i.e., roughness is reduced), the friction factor at the same value of NRe , will (A) Increase (B) Decrease (C) Remain unchanged (D) Increase or decrease depending on the pipe material

Last Answer : (A) Increase

Description : For a turbine agitated and baffled tank, operating at low Reynold's number (based on impeller diameter), the power number (Np ) varies with NRe as (A) Np ∝ NRe (B) Np ∝ √NRe (C) Np → constan (D) Np ∝ 1/NRe

Last Answer : (D) Np ∝ 1/NRe

Description : . (NSh /NRe .NSc ) is termed in mass transfer operation as the (A) Stanton number (B) Peclet number (C) Thermal diffusivity (D) Momentum diffusivity

Last Answer : (A) Stanton number

Description : (NRe . NSc ) is termed in mass transfer operation as the __________ number. (A) Stanton (B) Sherwood (C) Peclet (D) None of these

Last Answer : (C) Peclet

Description : NRe . NPr ) (D/L) is called the __________ number (A) Peclet (B) Stanton (C) Graetz (D) None of these

Last Answer : (C) Graetz

Description : Heat transfer co-efficient (h) for a fluid flowing inside a clean pipe is given by h = 0.023 (K/D) (DVρ/µ) 0.8 (CP .µ/k) 0.4 . This is valid for the value of NRe equal to (A) < 2100 (B) 2100-4000 (C) > 4000 (D) > 10000

Last Answer : (D) > 10000

Description : Reynold's analogy states that (A) Nst α f (B) Nst α NRe (C) NNu α f (D) NRe α f

Last Answer : (A) Nst α f

Description : Pick out the wrong statement. (A) Fluid movement under the influence of buoyant forces resulting from change in density takes place in case of natural convection (B) The ratio NNu /NRe . Npr is ... convection to that by conduction (D) The Colburn jH factor for heat transfer is given by Nst Npr

Last Answer : (D) The Colburn jH factor for heat transfer is given by Nst Npr

Description : For the free settling of a spherical particle through a fluid, the slope of, CD-log NRe , plot is (A) 1 (B) -1 (C) 0.5 (D) -0.5

Last Answer : (B) -1

Description : A fluid (µ/ρ) = 0.01 cm2 /sec is moving at critical flow condition (NRe = 2100) through a pipe of dia 3 cms. Velocity of flow is __________ cm/sec. (A) 7 (B) 700 (C) 7000 (D) 630

Last Answer : (A) 7

Description : The equation f -0.5 = 4.07 loge (NRe √f) -0.6 is called the __________. (A) Colebrook formula (B) Von-Karman equation (C) Fanning equation (D) None of these

Last Answer : (B) Von-Karman equation

Description : Stoke's law is valid, when NRe, p is less than (A) 2 (B) 100 (C) 2100 (D) 700

Last Answer : (A) 2

Description : Drag co-efficient for motion of spherical particles in a stationary fluid in the stoke's law range is (A) 24/NRe,P (B) 16/NRe,P (C) 64/NRe,P (D) 48/NRe,P

Last Answer : (A) 24/NRe,P

Description : f = 16/NRe , is valid for (A) Turbulent flow (B) Laminar flow through an open channel (C) Steady flow (D) None of these

Last Answer : (D) None of these

Description : Colebrook equation for friction factor in turbulent flow is given by, f -0.5 = -4 loge [(ε/D) + (1.26/NRe √F). It reduces to Nikuradse equation for a value of (ϵ/D) equal to (A) 0 (B) 1 (C) ∞ (D) 0.5

Last Answer : (B) 1

Description : What is the value of Fanning friction factor f ' for smooth pipe at NRe = 10 6 approximately? (A) 0.003 (B) 0.01 (C) 0.1 (D) 0.3

Last Answer : (A) 0.003

Description : In the complete turbulence zone (in rough pipes), the (A) Rough and smooth pipes have the same friction factor (B) Laminar film covers the roughness projections (C) Friction factor depends upon NRe only (D) Friction factor is independent of the relative roughness

Last Answer : (D) Friction factor is independent of the relative roughness

Description : The equation relating friction factor to Reynold number, f -0.5 = 4 loge (NRe /√f) -0.4 , is called the __________ equation. (A) Nikuradse (B) Von-Karman

Last Answer : (B) Ergun's

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Description : What type of savings institution pays the most interest on a savings account?

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