RB 2

The interest paid to current account holders is -

• 6% P.A.

• 0%

• 4.5% P.A.

• 2.5 % P.A.

The AQB requirement of Rs.25000 is for -

• Exclusive Business CA

• Yes Business CA

• Yes Premia CA

• Edge Business CA

The AQB requirement of Rs.500K and above is for -

• Exclusive Business CA

• Prime Business CA

• Edge Business CA

• Yes First Business CA

The AQB requirement of Rs.100k is for -

• Edge Business CA

• Yes Premia CA

• Prime Business CA

• Exclusive Business CA

Which of the following are eligible to open Current Account 

• Sole Proprietors 

• Public limited, Privated limited companies 

• Lawyers, Doctors, Consultants. 

• All options

The Yes Premia Current Account is most suitable for -

• Family Business and Sole Proprietors 

• Public limited, Privated limited companies 

• Individuals for savings

• For businesses with less AQB 

As per RBI guidelines on Current Account opening opening which of the following is correct -

• Borrowers where exposure of Bank is more than 10 Cr, no restriction on opening CA with other Banks

• Borrowers where exposure of Bank is less than 5 Cr on CC/OD mandatory to have CA with lending Bank

• Borrowers where exposure of Bank is less than 5 Cr, no restriction on opening CA with other Banks

• None of the above

As per RBI guidelines on Current Account opening opening which of the following is correct -

• Borrower with exposure above 10 Cr can open CA with that Bank if exposure is 10% of total borrowing 

• Borrower with exposure above 5 Cr can open CA with that Bank if exposure is 10% of total borrowing 

• Borrower with exposure above 5 Cr can open CA with that Bank if exposure is 5% of total borrowing 

• Borrower with exposure above 10 Cr can open CA with that Bank if exposure is 10% of total borrowing 

The Monitoring of Current Accounts should be done at least once in every -

• 6 Months

• 3 Months

• 3 Months

• One Year

The exclusive business current account is suitable for -

• Businesses maintaining AQB of Rs.8 Lakh and above 

• Businesses maintaining AQB of Rs.1 Lakh and above 

• Private Limited and Public Limited Companies 

• Independent Professionals like Doctors, Lawyers.