Search Header Logo

NRI Products Quiz2025

Authored by Baroda Pune

Mathematics

12th Grade

Used 3+ times

NRI Products Quiz2025
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

50 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is balance criteria for NRE (Rupee) SB A/c SB 201

QAB Rs.1000
MAB Rs.1000
MAB Rs.10000
QAB Rs.10000

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of the following is/are correct in case of NRE A/c ?

NRE A/c can be opened jointly in the names of two or more NRIs/PIOs
NRIs/PIOs can hold with a resident relative on ‘former or survivor’ basis
The resident relative can operate the account as a Power of Attorney holder during the life time of the NRI/PIO account holder

All options are incorrect

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is incorrect in case of NRE A/c ?

Income earned in the account is exempted from income tax
Balance and Interest are fully repatriable
Income earned in the account is taxable

4.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

What is/are permissible credits in NRE A/c?

Inward remittance from outside India
Transfer from other NRE/FCNR (B) accounts
Maturity proceeds of investments
Interest accruing on the account

5.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

What is/are permissible debits in NRE A/c?

Local disbursements/payments
Remittance outside India
Transfer to other NRE/FCNR (B) accounts
investments in India

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

What is/are suitable if Residential status changes from NRI to Resident?

NRE accounts should be designated as resident accounts
Funds held in these accounts may be transferred to the RFC

Bank relationship with the customer will be terminated

NRI A/c can be continued for 12 months after status change

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is balance criteria for Premium NRE SB A/c (SB206) ?

Rs.10000.00 (MAB)
Rs. 0.50 lac (CASA) or Rs. 5 Lacs (CASA + Term Deposit) - (MAB)
Rs. 1 Lac (CASA) or Rs. 10 Lacs (CASA + Term Deposit) - (MAB)
Rs.25000.00 (QAB)

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?