IDBI-FX-LU3-NR a/cs

Which one of the following type of accounts is not opened for individual NRI's by banks ?

• NRE (Rupee)

• SNRR

• FCNR (B)

What is the full form of NRO account ?

• Non-Residual Ordinary Rupee account

• Non-Resident Ordinary Rupee account

• Non-Resident Order Rupee account

Maximum amount of remittance / transfers per financial year that can be done through NRO accounts is ..............

• INR 10 Mio

• USD 1 Mio

• USD 10 mio

FCNR (B) account can be opened by NRI's in the form of fixed deposits only , What is the minimum and maximum term ?

• 7 days/10 years

• 1/5 years

• 6month/3 years

One the following can not be given the status of NRI. Identify

• Indian national working in Dubai

• Tourist

• American citizen whose grandparents held Indian passport

One of the following is not a valid document to open NRI account.

• Valid Passport

• Valid Visa/employment proof

• Driving licence issued in India

Rate of interest payable on NRE FD pre closed before 1 year of opening.

• Applicable interest rate prevailing on the date of opening of the deposit

• Applicable interest rate minus penalty of 2%

• No interest payable

NRIs can not acquire one of the following Immovable assets. Identify.

• Residential property

• Agricultural land

• Commercial building

Students going overseas to study are treated as ................

• PIOs

• Residents

• NRIs

In our Bank FCNR accounts can be opened in designated currencies. One of the following is not such a designated currency. Identify.

• GBP

• AUD

• SEK