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WorksheetsNRI Deposit Quiz
Total questions: 15
Worksheet time: 8mins
All individuals shall be deemed to be a resident when he/she stays in India for ................. days or more during the previous year
180
185
182
365
What is the minimum and maximum tenor for which NRE term deposit can be opened
1 year -5 year
7 days to 10 years
7 days to 5 years
1 year to 10 years
In respect of NRE Term deposit,no interest is payable if the deposit is prematurely closed within
6 months
1 year
10 years
7 days
NRE sukoon is a ........... account
SB
Current
Term Deposit
Recurring deposit
What is the maximum amount that can be repatriated from NRO account in a FY
$ 1,00,000 or equivalent
$2,50,0000 or equivalent
$5,00,000 or equivalent
$1 Million or equivalent
Minimum and Maximum permissible tenor for opening a FCNR deposit
1 year ,5 years
7 days ,10 years
7 days and 5 years
1 year,10 years
What is the minimum and maximum permissible tenor for NRO term deposit accounts
1 year ,5 years
7 days ,10 years
7 days,5 years
1 year,10 years
Can NRO account be opened by an NRI jointly with a resident
No
Yes,Either or survivor mode of operation
Yes,Former or survivor with NRI as the former
Yes,Former or survivor with Resident as the former
On becoming NRI,his existing resident Sb account should be converted to
NRE
NRO
FCNR
Need not be converted
Expand SWIFT
Society for worldwide Inter bank financial telecommunication
Society for Worldwide Interoffice financial transmission
Society for worldwide international financial transaction
Service for worldwide interbank financial transaction
What type of accounts are foreign students studying in India permitted to open?
NRE
NRO
FCNR
Resident
FCNRB deposit can be opened in how many currency
6
3
5
none of these
What is the maximum amount that can be repatriated from NRE deposit in a financial year
$1 Mio
Rs.10 lacs
No ceiling
Cannot be repatriated
RFC deposit cannot be opened in which currency
USD
EUR
GBP
JPY
Resident Indian Individuals can remit a maximum amount of .............under Liberalised Remittance scheme of RBI
$1 Mio
$2,50,0000
$5 lacs
No such ceiling
