Quiz on GBM

Banks acts as agent of RBI for doing Govt. Business, which section permits same?

• Sec 22 BR Act 1949
• Sec 42 BR Act 1949
• Sec 35 RBI act 1934
• Sec 45 RBI act 1934

Agency Banks would be eligible to claim agency commission for Pension Transaction at the rate of __ per transaction

• Rs.50.00
• Rs.80.00

• Rs.47.00
• Rs.90.00

For APY Banks earn ___ as a commission & ___ as persistance allowance

• Rs.75.00 & Rs.50.00
• Rs.50.00 & Rs.25.00
• Rs.90.00 & Rs.45.00
• Rs.100.00 & Rs.50.00

What commission Banks earn on NPS Subscriber registration ?

• Between Rs.100.00 to Rs.175.00
• Between Rs.75.00 to Rs.100.00
• Between Rs.200.00 to Rs.400.00
• Between Rs.50.00 to Rs.100.00

What commission does Bank earn on physical receipt in case of PPF/SSA/E-KVP/SCSS?

• Rs.40.00 per transaction
• Rs.12.00 per transaction

• Rs.50.00 per transaction
• 7 paisa per transaction

What commission does Bank earn on SGB?

• 0.10% on subscription amount
• 0.75% on subscription amount
• 0.50% on subscription amount
• 1% on subscription amount

Who is/are eligible to invest in SGB?

• HUF
• Trust
• Charitable Institutions
• Guardian on behalf of minor child

What is maximum amount that can be invested in SGB by HUF & Trust?

• 10 gm & 10 kg
• 4 kg & 20 kg
• 5 kg & 15 kg
• 10 kg each

Interest in SGB is paid at ___% on ____ basis

• No interest is paid in SGB
• 1% & yearly
• 2.5% & half yearly
• As per saving a/c rate & quarterly

SGB will mature after ___ years & redemption is available after___years

• 8 year & 5 year
• 5 year & no redemption available
• after 5 years SGB matures & redemption after 1 year
• 10 year & 2 years