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Savings Account

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

Which of the following documents cannot be considered as valid address proof for opening savings account?

a)

Driving License

b)

PAN

c)

Passport

d)

Voter ID

2.

Which of the following variants of savings account is not a priority variant?

a)

YES Private

b)

YES Premia

c)

YES Essence

d)

YES First

3.

Which of the following documents is not required to open a savings account?

a)

Income Proof

b)

ID Proof

c)

Photograph

d)

Address Proof

4.

Which of the following variants of savings account is not a mid-value variant?

a)

SA Pro Plus

b)

Senior Citizen Savings Account

c)

YES First

d)

My First

5.

In PMJDY account which type of Debit Card is issued ?

a)

Visa Debit Card

b)

Master Card

c)

Visa Platinum

d)

RuPay Domestic Debit Card

6.

Which savings account variant is opened under Financial Inclusion initiative?

a)

Farmer Account

b)

My First Savings Account

c)

Savings Value

d)

PMJDY

7.

Which of the following variants cater to the generic segment and are considered as regular savings account in YES Bank?

a)

SA Pro & My First

b)

SA Pro & Pro Plus

c)

SA Pro Plus & Yes Premia

d)

SA Pro & Yes Private

8.

Age limit for My First YES ?

a)

10 years to below 18 years

b)

5 years to below 18 years

c)

12 years to below 18 years

d)

0 to below 18 years

9.

Senior citizen SA offers ____ % extra interest on deposits.

a)

1

b)

2

c)

0.5

d)

0.75

10.

Eligibility criteria for senior citizen SA?

a)

60 years & above

b)

65 years & above

c)

55 years & above

d)

62 years & above

11.

Full form of AMB?

a)

Aggregate Monthly Balance

b)

Average Maturity Balance

c)

Average Monthly Balance

d)

Additional Monthly Balance

12.

Full form of NTB ?

a)

New Total Business

b)

Net total Balance

c)

New to Bank

d)

Net Total Business

13.

____ is an exclusive loyalty program initiated by YES Bank for its valued customers.

a)

Yes Loyalty

b)

Yes Rewardz

c)

Yes Edge

d)

Yes Value

14.

BSBDA stands for?

a)

Basic Saving and Bank Deposit Access

b)

Basic Saving and Bank Demand Account

c)

Basic Savings Bank Deposit Account

d)

Broad Saving and Bank Deposit Account

15.

Choose the incorrect option.

a)

SA Pro Plus offers free SMS alert facility

b)

Senior citizen SA offers 0.5 % more on deposits as compared to other variants.

c)

Visa Platinum card is offered in PMJDY account

d)

The target segment for MY First YES SA is minors.

16.

Under which Section of BR Act 1949, Nomination Rule has been introduced for payment of Depositors Money? 

a)

Section 46ZA

b)

Section 45ZA

c)

Section 45ZX

d)

Section 45ZZ

17.

Which one of  the following options is not correct in respect of Nomination in Deposit Accounts?

a)

Nomination can be cancelled/modified any time by the depositors during the tenure of the deposit

b)

Nominee is just a custodian of the deposit

c)

Nomination is mandatory for all deposit accounts

d)

There can be only one nominee in deposit account

18.

How many nominees can be appointed in a joint savings account?

a)

No restrictions

b)

One person only

c)

Maximum four

d)

Maximum two

19.

PMJDY stands for _______.

a)

Pradhan Mantri Jan Divya Yojana

b)

Pradhan Mantri Jai Dhan Yojana

c)

Pradhan Mantri Jan Dhan Yojana

d)

Pradhan Mukhya Jan Dhan Yojana

20.

As per RBI guidelines, SA deposit interest rates are decided by ____.

a)

NABARD for RRBs and RBI for all other banks

b)

IBA

c)

RBI

d)

the bank