WorksheetsIDBI-FX-LU3-NR a/cs
Total questions: 10
Worksheet time: 4mins
Which one of the following type of accounts is not opened for individual NRI's by banks ?
NRE (Rupee)
SNRR
FCNR (B)
What is the full form of NRO account ?
Non-Residual Ordinary Rupee account
Non-Resident Ordinary Rupee account
Non-Resident Order Rupee account
Maximum amount of remittance / transfers per financial year that can be done through NRO accounts is ..............
INR 10 Mio
USD 1 Mio
USD 10 mio
FCNR (B) account can be opened by NRI's in the form of fixed deposits only , What is the minimum and maximum term ?
7 days/10 years
1/5 years
6month/3 years
One the following can not be given the status of NRI. Identify
Indian national working in Dubai
Tourist
American citizen whose grandparents held Indian passport
One of the following is not a valid document to open NRI account.
Valid Passport
Valid Visa/employment proof
Driving licence issued in India
Applicable interest rate prevailing on the date of opening of the deposit
Applicable interest rate minus penalty of 2%
No interest payable
NRIs can not acquire one of the following Immovable assets. Identify.
Residential property
Agricultural land
Commercial building
Students going overseas to study are treated as ................
PIOs
Residents
NRIs
In our Bank FCNR accounts can be opened in designated currencies. One of the following is not such a designated currency. Identify.
GBP
AUD
SEK
