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Insta Redemption

Authored by Saloni Daiya

Professional Development

Professional Development

Used 1+ times

Insta Redemption
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Sayali has placed COBM request right now and COBM request is under process, sayali wants to place request for instant redemption ?

Insta redemption requests can be placed while the COB (Change of Bank Mandate) request is under process but the amount will be credited in account within 5 hours

Yes Insta redemption requests can be placed while the COB (Change of Bank Mandate) request is under process

Insta redemption requests cannot be placed while the COB (Change of Bank Mandate) request is under process

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Instant Redemption is only allowed for the below-mentioned tax statuses:

● Resident Individual

● On behalf of the minor

● NRI -NRO

● On behalf of the minor

● NRI-NRE

● NRI-NRO

● RI

● NRI

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which statement{s} is /are true:

A-Insta (Instant) Redemption allows you to redeem or withdraw your money instantly only during business days.

B-Insta (Instant) Redemption allows you to redeem or withdraw your money instantly during calendar days.

C-Insta (Instant) Redemption allows you to redeem or withdraw your money instantly only during working days.

Only B

A and B

B and C

Only C

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Sayali wants to place the instant redemption, How much amount sayali can redeem instantly

Valuation of sayali's folio is 5,00,000/-

90% of her valuation

50,000/-

4,50,000/-

90,000/-

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which statement{s] are/ is false :

A.Sayali requested for instant redemption from liquid-IDCW Reinvest-Regular plan.

B.Sayali requested for instant redemption form liquid-Growth-Direct Plan.

c.sayali requested for liquid-IDCW Payout-Direct Plan.

Only B

Only A

A and C

B and C

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

State whether true or false:

There are two redemption modes available in liquid scheme: ❖ Normal ❖ Instant

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Shyam wants to place the instant redemption, How much amount Shyam can redeem instantly

valuation of Shyam's folio is 50,000/-

25,000/-

50,000/-

20,000/-

45,000/-

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