What is the maximum period for which a term deposit can be normally opened? A. 8 years  B. 7 years C. 9 years D. 10 years

1 Answer

Answer :

D. 10 years Explanation: The tenure of an Fixed Deposit or Term Deposit can vary from 7, 15 or 45 days to 1.5 years and can be as high as 10 years.

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Last Answer : D. Debt Instrument Explanation: A trad-able form of loan is normally termed as a Debt Instrument. They are usually obligations of issuer of such instrument as regards certain future cash flow representing Interest & Principal, which the issuer would pay to the legal owner of the Instrument.

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

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

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 : 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 : 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

Description : UR articles addressed to C/o PM can be kept in deposit for a maximum period of a) 7 days b) 30 day c) 15 day d) None of these

Last Answer : b) 30 day

Description : Mark the correct option MIS account opened on or after 01 Apr 12 a) The rate of interest shall be 8.5 % per annum payable monthly. b) No withdrawal will be allowed before expiry of maturity period 5 years c) No bonus shall be payable d) All the above

Last Answer : d) All the above

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

Description : 5% bonus on initial deposit of MIS account allowed an account opened between a) 08 Dec 2007 to 30 Nov 2011 b) 13 Feb 2006 to 30 Nov 2011 c) Before 13 Feb 2006 d) None of these

Last Answer : a) 08 Dec 2007 to 30 Nov 2011

Description : Mark the correct option a) In case RD account opened between 1st and 15th of the month the subsequent deposit shall be made up to 15th of the next month. b) In case RD account opened between 16th and ... c) The above effect apply all account opened before 01 Jan 2012 and after . d) All the above

Last Answer : d) All the above

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

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

Description : What is the maximum period upto which a proclamation issued by the President under Article 356 of the Constitution and approved/extended by the Parliament may, normally, remain in force? (1) Six months (2) One year (3) Two years (4) Unit is repealed by the Parliament

Last Answer : (2) One year Explanation: President's rule is enabled by Article 356 of the Constitution of India, which gives authority to impose central rule if there has been failure of the constitutional machinery ... it can be done by a constitutional amendment, as has happened in Punjab and Jammu and Kashmir.

Description : Four pipes can fill a reservoir in 15, 20, 30 and 60 hours respectively. The first one was opened at 6 AM, second at 7 AM, thir da t 8 AM and the fourth at 9 AM. When will the reservoir be filled ? (A) 11 AM (B) 12 Noon (C) 1 PM (D) 1:30 PM

Last Answer : Answer: C

Description : Present rate of interested on on 1, 2, 4, 5 years fixed deposit(TD) is a) 6.25%, 6.50%, 7.25%, 7.50% b) 7.25%, 7.50%, 8%, 8.2% c) 8.2%, 8.3%, 8.4%, 8.5% d) None of these

Last Answer : c) 8.2%, 8.3%, 8.4%, 8.5%

Description : An account which remains in operative for an extended period of time is referred as ________ A. DEMAT Account B. Dormant Account C. Nominal Account D. Deposit Account

Last Answer : B. Dormant Account Explanation: When there has been no financial activity for a long period of time, other than posting of interest, an account can be classified as dormant.

Description : A bakery P can sold 500 breads in 4 hours, bakery Q can sold the same number of bread in 5 hrs while bakery R can sold them in 6 hrs. All the bakeries are opened at 8 a.m while bakery P is closed ... complete their target. Approximately at what time will the work be finished? a) 10 b) 8 c) 12 d) 6

Last Answer : A (P+Q+R)'s 1 hour work = (1/4 +1/5+ 1/6) =(15+12+10)/60 =37/60 Remaining work = 1- 37/60 = 23/60 (Q+R)'s 1 hour work = (1/5 +1/6) =11/30 Now 11/30 work is done by Q and R ... R in(30/11*23/60) =23/22 hrs = 1hr So the work will be finished approximately 1 hr after 9.am i.e., around 10 a.m

Description : The design period of sewage treatment works in normally A. 5 – 10 years B. 15 – 20 years C. 30 – 40 years D. 40 – 50 years

Last Answer : ANS: B

Description : In a deposit of normally consolidated clay (A) Effective stress increases with depth but water content of soil and undrained strength decrease with depth (B) Effective stress and water ... decreases with depth (D) Effective stress, water content and undrained strength decrease with depth

Last Answer : C) Effective stress and undrained strength increase with depth but water content decreases with depth

Description : Ravi borrowed some money at the rate of 4 p.c.p.a. for the first three years, at the rate of 8 p.c.p.a. for the next two years and at the rate of 9 p.c.p.a. for the period beyond 5 years. If he pays a ... 7 years, how much money did he borrow? a) 39,500 b) 42,500 c) 41,900 d) 43,000 e) None of these

Last Answer : Let the amount borrowed be Rs P Total amount of simple interest = (P×3×4)/100 + (p×2×8)/100 + (p×2×9)/100 = 19550 0.12P + 0.16P + 0.18P = 19550 0.46p= 19550 P = Rs. 42500 Answer: b)

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

Description : A minimum yearly deposit of ________ is required to open and maintain a PPF account, and a maximum deposit of _____. A. Rs. 500 and Rs 1.50 lakhs B. Rs. 1000 and Rs 2.50 lakhs C. Rs. 2000 and Rs 3.50 lakhs D. Rs. 5000 and Rs 4.50 lakhs

Last Answer : A. Rs. 500 and Rs 1.50 lakhs Explanation: A minimum yearly deposit of Rs. 500 is required to open and maintain a PPF account, and a maximum deposit of Rs.1.5 lakhs (as on Financial year 2015- ... Income Tax Act. The amount can be deposited in lump sum or in a maximum of 12 instalments per year.

Description : The Monetary Authority in India, viz Reserve Bank of India is bound to maintain a reserve against the notes issued, Whatever may be the mount. This system is called as __________ A. Minimum Reserve ... Reserve System C. Maximum Fiduciary Issue system D. Simple deposit system E. None of the Above

Last Answer : A. Minimum Reserve System Explanation: The RBI follows a minimum reserve system in the note issue. Initially, it used to keep 40 per cent of gold reserves in its total assets.

Description : Balance in a current account is classified as ________ A. Hybrid Deposit B. Term Deposit C. Demand Deposit D. Flexi Deposit E. other than those given as options

Last Answer : C. Demand Deposit Explanation: Current accounts form a large portion of demand deposits of a bank. It can be opened by Individuals, Business entities (firms, company), Institutions, Government bodies / departments, Societies, Liquidators, Receivers, and Trusts.

Description : According to RBI guidelines the term „bulk deposit‟ is used for single rupee term deposit of ________ A. Rs. 1 crore and above B. Rs, 25 lakh and above C. Rs, 75 lakh and above D. Rs, 50 lakh and above E. Rs, 15 lakh and above

Last Answer : A. Rs. 1 crore and above Explanation: Bulk Deposit means single Rupee term deposits of 1 Crore and above.

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.

Description : Whoever, being an officer of the Post Office, contrary to this duty, opens, or causes or suffers to be opened, any postal article in course of transmission by post, or willfully details or delays a) ... fine or both.. c) Punishable with fine which may extend to two hundred rupees d) None of these

Last Answer : b) Punishable with imprisonment for a term which may extend to two years, or with fine or both.

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

Description : Two pipes A and B can fill a tank in 5 and 6hrs.Pipe C can empty it in 12hrs.If all the 3 pipes are opened together,then the tank will be filled in 1)1(13/17)hrs 2)2(8/11)hours. 3)3(9/17)hrs 4)4(1/2)hrs

Last Answer : 3)3(9/17)hrs Exp:Net part filled in 1hr=>(1/5+1/6-1/12)=17/60 Tank filled in=60/17=3(9/17).

Description : The solar cycle repeats the period of great electrical disturbance approximately every A. 11 years B. 10 years C. 9 years D. 8 years

Last Answer : A. 11 years

Description : Two pumps M and N can separately fill a dumper in 36 minutes and 45 minutes respectively. Both the pumps are opened together but 12 minutes after the start the pump M is turned off. How much time will it take to fill the dumper? A) 9 min B) 10 min C) 30 min D) 32 min

Last Answer : C 12/36 + x/45 = 1 (12*5)/180+4x/180=1 60+4x=180 4x=120 X=120/4=30min

Description : Two faucet p and q can fill a tank in 10 minutes and 20 minutes.If both faucet are opened simultaneously , after how much time should q be closed so that the tank is full in 9 minutes ? A) 2 min B) 9 min C) 4 min D) 7min

Last Answer : A p fill the tank in 1 minute (10×2 = 20) = 2 units q fill the tank in 1 minute (20×1 = 20) = 1units For 9 min(p) = 9×2 = 18 units Remaining = 20 – 18 = 2 units Time for q be closed so that the tank is full in 9 minutes = 2/1 = 2 min

Description : The rate of interest in RD account opened before 01 Dec 11 and on or after 01 Dec 2011 and up to 31 Mar 12 is a) 6.5%, 7% b) 7.5%, 8% c) 8%, 8.5% d) 8%, 8.2%

Last Answer : b) 7.5%, 8%

Description : Pipe A can fill a water tank in 8 hours, Pipe B can fill the same tank in 12 hours and Pipe C can empty the tank in 24 hours. If all three pipes are opened together, in how many hours will the tank be completely filled or empty? a) 4.8 hours b) 5 hours c) 5.4 hours d) 6 hours e) 7.2 hours

Last Answer : If all the three pipes are opened together, in one hour they will fill 1/8 + 1/12 – 1/24 = (3+2-1)/24 = 1/6 part of tank. So, to fill it completely it will take 6 hours. Answer is: d)

Description : Three pipes P, Q and R can fill a tank from empty to full in 40 minutes, 15 minutes, and 30 minutes respectively. When the tank is empty, all the three pipes are opened. P, Q and R discharge chemical solutions X, Y and Z respectively. ... 5 minutes? a) 8 / 15 b) 7 / 15 c) 8 / 17 d) 6 / 13 e) 8 / 13

Last Answer : a Part of the tank filled by pipe P in 1 minute = 1 / 40 Part of the tank filled by pipe Q in 1 minute = 1 / 15 Part of the tank filled by pipe R in 1 minute = 1/ 30 Here we have to find the proportion of ... together in 5 minute = 5 1/8 = 5/ 8 Required proportion = (1/3) / ( 5/8) = 8 / 15

Description : Two pipes, Xand Y can fill a tank in 36 and 30 minutes respectively. Both are opened together, but at the end of 3minutes, X is turned off. In how many more minutes will Y fill the cistern? A) 7(24/5) B) 7(1/2) C) 24(1/3) D) 8(1/4) 

Last Answer : C X can fill cistern in 36 minutes. X fills cistern in 1 minute = 1/36 Y can fill cistern in 30 minutes. Y fills cistern in 1 minute = 1/30 part. Xand Y together can fill cistern in 1 minute, = {(1/ ... part. 147/180 part cistern must be filled by Y in, [(147/180)/(1/30)] = 24(1/3) minutes.

Description : Two taps P and Q can fill a cistern in 24 min and 32 min respectively. Both the taps are opened together for a certain time but due to some obstruction the flow of water was restricted to 7/4 of full flow in tap P and ... How long was it before the full flow. A) 8 min B) 3 min C) 5.6 min D) 4.5 min

Last Answer : D Let the obstruction remain for X min.  Hence, Part of cistern filled in X min + part of cistern filled in 6 min = full cistern [(7X/4*24)+(5X/3*32)]+[(6/24)+(6/32)] = 1 (12X/96)+(7/16) = 1 12x/96=9/16 Thus, X = 4.5 min.

Description : Taps P, Q and R can fill a tank in 3, 4 and 5 hours respectively. If all the taps are opened together and after 30 minutes taps Q and R are turned off, find the total time in which the tank is full. A) 2(3/8)hrs B) 1(1/7)hrs C) 2(13/40)hrs D) 3(13/43)hrs

Last Answer : C In 1 hr P, Q, R = 1/3+1/4+1/5 = 20+15+12/60 = 47/60 Filled in 30m = 47/120 Remaining = 1-47/120 =73/120 Tap P = 3*73/120= 219/120 Total = 219/120+1/2 =219+60 /120= 279/120= 2 13/40 hrs

Description : A pump can fill a cistern in 12 hrs. After half the cistern is filled, 3 more similar pumps are opened. What is the total time taken to fill the cistern completely? A) 8 hrs B) 4 hrs C) 2hrs D) 7.5 hrs

Last Answer : D Time taken by 1 pump to fill tha half tank = 6 hrs Part filled by the 4 pumps in 1 hr = 4 * 1/12 =1/12 =>1/3 Remaining part = (1 – 1/2)= 1/2 Therefore 1/3 :1/2 :: 1:x X=1.5 hrs So total time takem = 6hrs + 1.5 hrs = 7.5 hrs.

Description : Two tap can fill a dumper in 7 hrs and 8 hrs respectively. The taps are opened simultaneously and it is found that due to leakage in the bottom it took 16 mins more to fill the dumper. When the dumper is full, in what time will the leak empty it? A) 56hrs B) 56hrs C) 46hrs D) 36hrs

Last Answer : A Work done by 2 taps in 1 hr = (1/7 + 1/8) = 15/56 Time taken by these taps to fill the dumper = 56/15 hrs =3 hrs 44 mins Due to leakage, time taken = 3 hrs +44mins+16 mins =4hrs Work done by (2 ... the leak in 1 hr = (15/56 - ¼) =15 - 4/56 =1/56 Leak will empty the full cistern in 56 hrs.

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Last Answer : 5. Firm fixed price

Description : What is the Minimum and maximum deposit in Senior citizen saving scheme a) 500 & 5 Lac b) 1000 & 10 Lac c) 1500 & 15 Lac d) 1000 & 15 Lac

Last Answer : d) 1000 & 15 Lac

Description : In the British period, what new opportunities opened up for people who came from castes that were regarded as “low”? -History

Last Answer : With the expansion of cities, new demands of labor created. Drains had to be dug, roads laid, buildings constructed and cities cleaned. This required coolies, diggers, carriers, bricklayers, sweepers, ... , poor people saw this an opportunity to get away from the exploitations of the upper-caste.

Description : How long does a new direct deposit usually take to go into effect if it's a two week pay period?

Last Answer : Mine took a week

Description : Mark the correct option a) The account can be transferred submitting an application in form SB 10(b) b) The account may be opened in using the form SB 3 c) SB 7 is necessary to get withdrawal except cheque account d) All the above

Last Answer : d) All the above

Description : The term total milk solids describes the remaining ____ percent of milk. a. 10–11 c. 5–7 b. 12–13 d. 8–9

Last Answer : b. 12–13

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.

Description : If the payee refuses to take MO payment, MO should be a) Kept in deposit for 7 days b) Returned to RLO c) Returned to remitter at once d) Returned to the remitter after 10 days

Last Answer : c) Returned to remitter at once

Description : An amount becomes 160% of itself in 5 years through simple interest. At the same rate of interest, how long will it take for the amount to more than double itself if we use compound interest? a) 7 b) 8 c) 9 d) 10 e) cannot be determined

Last Answer : Answer: a)