Mock Test 2

What is the maximum number of cash deposits permitted free of charge in a month in a Basic Savings Bank Deposit Account (BSBDA)?

• 4

• 6

• 8

• 10

• No limit

For a minor operating a Savings Bank Account alone, what is the maximum permissible account balance?

• ₹1,00,000/-

• ₹2,00,000/-

• ₹5,00,000/-

• ₹10,00,000/-

• No restriction

Under the Monthly Income Scheme (MIS), what is the minimum period of the deposit?

• 3 Months

• 6 Months

• 1 Year

• 2 Years

• 5 Years

For the Capital Gains Term Deposit (Deposit Account 'B') under the Income Tax Act, the maximum period of deposit is restricted to not exceeding how long?

• 1, 2, or 3 years, depending on the section

• 5 years

• 7 years

• 10 years

• No maximum period

In a Current Account, what is the general practice regarding the payment of interest?

• Interest is paid monthly.

• Interest is paid quarterly.

• Interest is paid half-yearly.

• Interest is paid annually.

• No interest is generally paid.

Under the Senior Citizen Saving Scheme (SCSS), what is the maximum permissible deposit amount?

• ₹15 Lakh

• ₹25 Lakh

• ₹30 Lakh

• ₹45 Lakh

• ₹50 Lakh

What is the minimum amount for opening a regular domestic Term Deposit (excluding specific schemes)?

• ₹100

• ₹500

• ₹1,000

• ₹5,000

• ₹10,000

When a security interest is to be enforced under SARFAESI, where should the details of the security interest be filed?

• DRT

• CERSAI

• CIBIL

• RBI

• Registrar of Companies (ROC)

Which provisioning category requires 100% provisioning on the unsecured portion and 100% provisioning on the secured portion of the outstanding amount?

• Substandard

• Doubtful D1

• Doubtful D2

• Doubtful D3

• Loss Asset

Under IBC, what is the minimum default amount required to initiate the Corporate Insolvency Resolution Process (CIRP)?

• ₹1 Lakh

• ₹5 Lakh

• ₹10 Lakh

• ₹50 Lakh

• ₹1 Crore