In Sukanya Samriddhi Account, What is the maximum limit on number of deposits either in a month or in a Financial year? A. 5 B. 4 C. 6 D. 8 E. No limit

In Sukanya Samriddhi Account, What is the maximum limit on number of deposits either in a month or in a Financial year? A. 5 B. 4 C. 6 D. 8 E. No limit
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E. No limit Explanation: No limit on number of deposits either in a month or in a Financial year.
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If minimum Rs.1000 is not deposited in Sukanya Samriddhi Account in a financial year, account will become discontinued and can be revived with a penalty of _______ per year. A. Rs.50 B. Rs.100 C. Rs.25 D. Rs.75 E. Rs.125

Description : If minimum Rs.1000 is not deposited in Sukanya Samriddhi Account in a financial year, account will become discontinued and can be revived with a penalty of _______ per year. A. Rs.50 B. Rs.100 C. Rs.25 D. Rs.75 E. Rs.125

Last Answer : A. Rs.50 Explanation: In Sukanya Samriddhi Account, if minimum Rs 1000/- is not deposited in a financial year, account will become discontinued and can be revived with a penalty of Rs 50/- per year with minimum amount required for deposit for that year.

Sukanya Samriddhi Account can be opened up to age of ________ years only from the date of birth A. Five years B. Four years C. Six years D. Eight years E. Ten years

Description : Sukanya Samriddhi Account can be opened up to age of ________ years only from the date of birth A. Five years B. Four years C. Six years D. Eight years E. Ten years

Last Answer : E. Ten years Explanation: Sukanya Samriddhi Account can be opened up to age of 10 years only from the date of birth.

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 correct option. What are the option available to the PPF subscriber on maturity of his PPF account: a) To close the account b) To continue the account with deposits c) To continue the account without deposits d) Either (A), (B) or (C) above

Description : Mark the correct option. What are the option available to the PPF subscriber on maturity of his PPF account: a) To close the account b) To continue the account with deposits c) To continue the account without deposits d) Either (A), (B) or (C) above

Last Answer : d) Either (A), (B) or (C) above

What is the meaning of the name Sukanya ?

Description : What is the meaning of the name Sukanya ?

Last Answer : Sukanya means good girl.

What is Balika Samriddhi Yojana ?

Description : What is Balika Samriddhi Yojana ?

Last Answer : Balika Samridhi Yojana is a project of Social Welfare Department. This assistance is available directly from the CDPO's office. Once the registration of the birth of a daughter of a family living below the ... the girl will get the money, including interest , if she does not get married before then.

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

Description : 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

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

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

What is the minimum limit in reinvestment deposits? A. 100 B. 500 C. 1000 D. 5000

Description : What is the minimum limit in reinvestment deposits? A. 100 B. 500 C. 1000 D. 5000

Last Answer : C. 1000 Explanation: E. None of the Above The minimum deposit amount is Rs. 1,000/-. Initially deposits should be made only in multiples of Rs. 100/-. Renewals can be made in any amount.

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

Description : 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 ... bank interest applicable d) There is no maximum time limit for PMI e) All the above

Last Answer : e) All the above

Which of the following cannot be called as a debt instrument as referred in financial transactions? A. Certificate of Deposits B. Bonds C. Stock D. Commercial Paper

Description : Which of the following cannot be called as a debt instrument as referred in financial transactions? A. Certificate of Deposits B. Bonds C. Stock D. Commercial Paper

Last Answer : C. Stock Explanation: Debt instruments are assets that require a fixed payment to the holder, usually with interest. Examples of debt instruments include bonds (government or corporate) and mortgages.

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

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.

I heard that the FDIC last year has raised the insurable limit on deposits from $100,000 to $250,000 is it true?

Description : I heard that the FDIC last year has raised the insurable limit on deposits from $100,000 to $250,000 is it true?

Last Answer : answer:Lend me $250,000 and I’ll get back to you on that one. :D It looks like is $250,000 now, at least until 2013? Several sources say it’s permanent though.” Check Please. :D

What is the maximum limit of deposit in MIS account in single and joint? a) 1.5 lac and 3 lack b) 3 lac and 4.5 lack c) 4.5 lac and 9 lac d) 6 lac and 9 lac

Description : What is the maximum limit of deposit in MIS account in single and joint? a) 1.5 lac and 3 lack b) 3 lac and 4.5 lack c) 4.5 lac and 9 lac d) 6 lac and 9 lac

Last Answer : c) 4.5 lac and 9 lac

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

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.

What is the maximum balance may be deposited to Single/ Joint account a) 1 lac/2 lac b) 2lac/3 lac c) No maximum limit d) None of these

Description : What is the maximum balance may be deposited to Single/ Joint account a) 1 lac/2 lac b) 2lac/3 lac c) No maximum limit d) None of these

Last Answer : c) No maximum limit

Time limit for complaints relating to compensation of insured article is a) 3 month from DOP b) 6 month from DOP c) 1 Year from DOP d) 2 Year from DOP

Description : Time limit for complaints relating to compensation of insured article is a) 3 month from DOP b) 6 month from DOP c) 1 Year from DOP d) 2 Year from DOP

Last Answer : a) 3 month from DOP

What is the maximum amount that can be raised through issuance of Rupee denominated bonds under automatic route? A. INR 50 billion B. INR 60 billion C. INR 55 billion D. INR 65 billion E. No limit

Description : What is the maximum amount that can be raised through issuance of Rupee denominated bonds under automatic route? A. INR 50 billion B. INR 60 billion C. INR 55 billion D. INR 65 billion E. No limit

Last Answer : A. INR 50 billion Explanation: The maximum amount that any eligible borrower can raise through issuance of these bonds under automatic route is INR 50 billion or its equivalent during a financial year.

Maximum value of transaction for e-SBTR should be _________ A. Rs.1000 B. Rs.2000 C. Rs.3000 D. Rs.5000 E. No limit

Description : Maximum value of transaction for e-SBTR should be _________ A. Rs.1000 B. Rs.2000 C. Rs.3000 D. Rs.5000 E. No limit

Last Answer : E. No limit Explanation: There is no maximum limit.

Minimum period of reinvestment deposits is _______ A. 2 months B. 3 months C. 6 months D. 9 months E. E. None of the Above

Description : Minimum period of reinvestment deposits is _______ A. 2 months B. 3 months C. 6 months D. 9 months E. E. None of the Above

Last Answer : C. 6 months Explanation: A Reinvestment Deposit Plan basically allows you to reinvest the interest earned on your deposit. Period of deposit 6 months to 10 years.

No appeal against such alternative will lie to a higher authority unless it is submitted within the usual time limit of _______ from the date of communication a) Three months b) Six month c) One year d) One month

Description : No appeal against such alternative will lie to a higher authority unless it is submitted within the usual time limit of _______ from the date of communication a) Three months b) Six month c) One year d) One month

Last Answer : b) Six month

The time limit prescribed for representing against discrepancies in the gradation list a) One month from the date of issue of the Gradation list b) Three month from the date of issue of the Gradation list c) One year from the date of issue of Gradation list d) No time limit

Description : The time limit prescribed for representing against discrepancies in the gradation list a) One month from the date of issue of the Gradation list b) Three month from the date of issue of the Gradation list c) One year from the date of issue of Gradation list d) No time limit

Last Answer : c) One year from the date of issue of Gradation list

When the whole or the part of the security deposit of an official is to be forfeited the form of security bond must be a) Kept in safe locker b) Kept in custody of postmaster c) Sent to Head of the circle or Administration office d) Either A or B Ans:c(259) 11. Deposits of employees

Description : When the whole or the part of the security deposit of an official is to be forfeited the form of security bond must be a) Kept in safe locker b) Kept in custody of postmaster c) Sent to Head of the circle or Administration office d) Either A or B Ans:c(259) 11. Deposits of employees

Last Answer : c) Sent to Head of the circle or Administration office

The main source of long-term credit for a business unit is - (1) sale of stocks and bonds to the public (2) borrowing from banks (3) loans from the Government (4) deposits from the public and financial institutions

Description : The main source of long-term credit for a business unit is - (1) sale of stocks and bonds to the public (2) borrowing from banks (3) loans from the Government (4) deposits from the public and financial institutions

Last Answer : (1) sale of stocks and bonds to the public Explanation: Companies issue securities called stocks and bonds to raise necessary capital which funds the company's daily operations and growth. ... issuing stock to owners called stockholders doesn't require the company's repayment of investor principal.

Which of the following is not a financial service under the Insolvency and Bankruptcy Code, 2016? a) Accepting of deposits b) Effecting contracts of insurance c) Payment of wages to employees d) Establishing an investment scheme

Description : Which of the following is not a financial service under the Insolvency and Bankruptcy Code, 2016? a) Accepting of deposits b) Effecting contracts of insurance c) Payment of wages to employees d) Establishing an investment scheme

Last Answer : c) Payment of wages to employees

The main source of long-term credit for a business unit is (1) sale of stocks and bonds to the public (2) borrowing from banks (3) loans from the Government (4) deposits from the public and financial institutions

Description : The main source of long-term credit for a business unit is (1) sale of stocks and bonds to the public (2) borrowing from banks (3) loans from the Government (4) deposits from the public and financial institutions

Last Answer : sale of stocks and bonds to the public

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

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

Is there a maximum number of withdrawals I can make from my savings account each month?

Description : Is there a maximum number of withdrawals I can make from my savings account each month?

Last Answer : Your bank or credit union will not have a limit on the number of withdrawals you can make, but they may have a limit on the number of withdrawals or amount of money you can withdraw within a short ... ). In addition, they may charge a fee once you pass a certain number of withdrawals in a month.

What is the minimum and maximum limit to deposit in PPF account? a) 500 and 5000 b) 500 and 70000 c) 1000 and 100000 d) 500 and 100000

Description : What is the minimum and maximum limit to deposit in PPF account? a) 500 and 5000 b) 500 and 70000 c) 1000 and 100000 d) 500 and 100000

Last Answer : d) 500 and 100000

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

Which one of the following is the time limit for the ratification of an emergency period by parliament? (1) 14 days (2) 1 month (3) 3 months (4) 6 months

Description : Which one of the following is the time limit for the ratification of an emergency period by parliament? (1) 14 days (2) 1 month (3) 3 months (4) 6 months

Last Answer : (2) 1 month Explanation: The time limit for the ratification of an emergency period by Parliament is 1 month.

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

The maximum limit of water absorption for aggregate suitable for road construction is (A) 0.4 % (B) 0.6 % (C) 0.8 % (D) 1.0 %

Description : The maximum limit of water absorption for aggregate suitable for road construction is (A) 0.4 % (B) 0.6 % (C) 0.8 % (D) 1.0 %

Last Answer : Answer: Option B

What is the maximum limit on cash payment that is to be made to the beneficiary under MTSS in India? A. Rs. 25,000 B. Rs. 15,000 C. Rs. 10,000 D. Rs. 40,000 E. Rs. 50,000

Description : What is the maximum limit on cash payment that is to be made to the beneficiary under MTSS in India? A. Rs. 25,000 B. Rs. 15,000 C. Rs. 10,000 D. Rs. 40,000 E. Rs. 50,000

Last Answer : E. Rs. 50,000 Explanation: Amounts up to INR 50,000/- may be paid in cash to a beneficiary in India. These can also be loaded on to a pre-paid card issued by banks. Any ... However, in exceptional circumstances, where the beneficiary is a foreign tourist, higher amounts may be disbursed in cash.

What is the maximum limit on the amount of money that can be sent under MTSS? A. USD 2,500 B. USD 1,500 C. USD 1,000 D. USD 2,200 E. None of the Above

Description : What is the maximum limit on the amount of money that can be sent under MTSS? A. USD 2,500 B. USD 1,500 C. USD 1,000 D. USD 2,200 E. None of the Above

Last Answer : A. USD 2,500 Explanation: A cap of USD 2,500 has been placed on individual remittances under the Money Transfer Service Scheme (MTSS)

Post maturity interest on TD account shall be paid up to a) 1 Year b) 2 Years c) 3 Years d) No limit

Description : Post maturity interest on TD account shall be paid up to a) 1 Year b) 2 Years c) 3 Years d) No limit

Last Answer : b) 2 Years

Post maturity interest on TD account shall be paid up to a) 1 Year b) 2 Years c) 3 Years d) No limit

Description : Post maturity interest on TD account shall be paid up to a) 1 Year b) 2 Years c) 3 Years d) No limit

Last Answer : b) 2 Years

Post maturity interest on RD account after extended maturity period shall be paid up to a) 1 Year b) 2 Years c) 3 Years d) No limit

Description : Post maturity interest on RD account after extended maturity period shall be paid up to a) 1 Year b) 2 Years c) 3 Years d) No limit

Last Answer : d) No limit

Once a direct deposit form is submitted for your account how long does it take for deposits to start posting?

Description : Once a direct deposit form is submitted for your account how long does it take for deposits to start posting?

Last Answer : Banks vary on how long it takes to process, and it can depend on when the employer submits it. He needs to ask them both what happened.

Can I now make withdrawals/deposits to my JP Morgan Chase account at WaMu locations?

Description : Can I now make withdrawals/deposits to my JP Morgan Chase account at WaMu locations?

Last Answer : Andrew, I’m sorry. I don’t know. Why not ask Chase ?

i. Accepting deposits is the secondary function of Banks. ii. Businessman opens Fixed Deposit Account.

Description : i. Accepting deposits is the secondary function of Banks. ii. Businessman opens Fixed Deposit Account.

Last Answer : Correct the underlined word and rewrite the following sentence: i. Accepting deposits is the ... /account holder can overdraw from his account.

What makes 25900year salary as a document processor. He has made the following chart in order to divide his weekly paycheck into his accounts Expense type Account Weekly deposits Essential (Fixed)?

Description : What makes 25900year salary as a document processor. He has made the following chart in order to divide his weekly paycheck into his accounts Expense type Account Weekly deposits Essential (Fixed)?

Last Answer : What is the answer ?

Can you compare the difference in benefits between investing money in a money market account versus Certificates of Deposits or bonds at M & T bank?

Description : Can you compare the difference in benefits between investing money in a money market account versus Certificates of Deposits or bonds at M & T bank?

Last Answer : Money Market accounts have the advantage of being able to withdraw your money whenever you need it. CD or Certificate of Deposit accounts hold a little bit of a higher interest rate, however you have to ... first one is not risk proof and you can lose money where as second options are fully secured.

Bank deposits that can be withdrawn without notice are called - (1) account payee deposits (2) fixed deposits (3) variable deposits (4) demand deposits

Description : Bank deposits that can be withdrawn without notice are called - (1) account payee deposits (2) fixed deposits (3) variable deposits (4) demand deposits

Last Answer : (4) demand deposits Explanation: Demand deposits are funds held in an account from which deposited funds can be withdrawn at any time without any advance notice to the depository institution. Demand ... of account which cannot be accessed for a predetermined period (typically the loan's term).

Bank deposits that can be withdrawn without notice are called (1) account payee deposits (2) fixed deposits (3) variable deposits (4) demand deposits

Description : Bank deposits that can be withdrawn without notice are called (1) account payee deposits (2) fixed deposits (3) variable deposits (4) demand deposits

Last Answer : demand deposits

In the case of officiating promotion to vacancies of less than one month duration, the officiating arrangement should confine to all official working a) In the same office b) In the same station c) In the same division d) No specific limit

Description : In the case of officiating promotion to vacancies of less than one month duration, the officiating arrangement should confine to all official working a) In the same office b) In the same station c) In the same division d) No specific limit

Last Answer : b) In the same station

HFCs can accept public deposits for a period of __________ A. 2 to 5 years B. 1 to 5 years C. 2 to 7 years D. 1 to 7 years E. All of the Above

Description : HFCs can accept public deposits for a period of __________ A. 2 to 5 years B. 1 to 5 years C. 2 to 7 years D. 1 to 7 years E. All of the Above

Last Answer : D. 1 to 7 years Explanation: In terms of the Housing Finance Companies (NHB) Directions, 2001, HFCs can accept public deposits for periods of one year and above and upto seven years only.

If the length of a wall on either side of a lintel opening is at least half of its effective span L, the load W carried by the lintel is equivalent to the weight of brickwork contained in an equilateral triangle, producing a maximum bending moment (A) WL/2 (B) WL/4 (C) WL/6 (D) WL/8

Description : If the length of a wall on either side of a lintel opening is at least half of its effective span L, the load W carried by the lintel is equivalent to the weight of brickwork contained in an equilateral triangle, producing a maximum bending moment (A) WL/2 (B) WL/4 (C) WL/6 (D) WL/8

Last Answer : Answer: Option C