PUBLIC PROVIDENT FUND (PPF) 1968

monetary policy committee

PUBLIC PROVIDENT FUND (PPF) 1968   Interest rate of 8.1% per annum w.e.f. 01-04-2016 (1st Quarter-01.04.2016 to 30.06.2016) Minimum deposit is 500/- per annum. Maximum deposit is Rs. 1,50,000/- per annum The scheme is for 15 years. Investment up to Rs 1, 50,000/- per annum qualifies for Income Tax Rebate under section 80C of IT Act. Interest is completely tax-free.

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Banking Questions Test (MCQ)- 14

quiz

                                  Banking Questions Test- 14   1. Loan given to X customer service unit to undertake farm work for farmers on contract basis will come under ______ a) MSME            b) Agriculture            c) SSI               d) Others 2. Loans granted under MUDRA scheme will come under

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Banking Questions Test (MCQ)- 13

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                                     Banking Questions Test- 13   Q1. Any RTGS remittance by way cash shall be accepted from the customer up to Rs….. a.    2 crore b.    2 lakh c.    10 lakh d.    50000 Q2. The standard messaging system used by the RTGS is

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Banking Questions Test (MCQ)- 12

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 Banking Questions Test- 12   Q1. As per RBI guidelines bank have to ear mark the following day as the customer day a.    15thof every month b.    Last day of every month c.    1stday of every month d.    Last Friday of month Q2. The models which has been permitted to be adopted by banks for outsourcing are the following a.   

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Banking Questions Test (MCQ)- 11

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Banking Questions Test (MCQ)- 11 Q1. A locker hirer who is visually challenged wants to take a person with him to operate the locker. What bank should do? Bank will not permit as he is a stranger Yes will permit  if authorized by the account holder in writing Yes will permit in that case the locker will be operated in presence

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Banking Questions Test (MCQ)- 10

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                                      Banking Questions Test- 10 Q1. Accounts under senior citizen savings scheme be opened jointly with Only with son Only with daughter Only with spouse None of these Q2. The term” hot card” refers to Lost card , Misplaced card and stolen card

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Participants in the Financial Market

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Click here to buy JAIIB Books        Commercial Banks- A bank that offers services to the general public and companies, accepting deposit from public for the purpose of lending and investments.       NBFCs(Non-Banking Financial Companies)-These are licensed and supervised by the RBI and allowed accept deposit from public and lent through leasing, Hire purchase and bill

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Banking Questions Test-9 (MCQ)

monetary policy committee

                                      Banking Questions Test- 9   Q1. What is the minimum and maximum amount that can be deposited in the PPF account in a financial year? Rs 500 and Rs 60000 Rs 1000 and Rs 70000 Rs 500 and Rs 150000 Rs

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Banking Questions Test-8 (MCQ)

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                         Banking Questions Test- 8   Q1. The minimum period of deposit under this scheme is … financial year extendable by …… financial years at a time 5 and 5 years 5 and 10 years 10 and 5 years 15 and 5 years Q2. The minimum deposit to be

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Banking Questions Test-7 (MCQ)

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                                       Banking Questions Test- 7   Q1.The commuted portion of the pension gets reinstated after a period of …….. years from the date of credit of the commuted value of pension to the pensioners account. 5 10 15 20 Q2Transfer of pension

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