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NO. OF QUESTION= 20
TOTAL TIME= 20 MIN
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Your results are here!! for" Capital Gain Account Scheme "
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Question 1 of 20
1. Question
Who is eligible to open a Capital Gain Account Scheme account?
Correct
Eligible assessees under specified sections of the Income Tax Act can open the account.
Incorrect
Eligible assessees under specified sections of the Income Tax Act can open the account.
Unattempted
Eligible assessees under specified sections of the Income Tax Act can open the account.
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Question 2 of 20
2. Question
What is the minimum deposit amount?
Correct
The minimum deposit amount is ₹1,000.
Incorrect
The minimum deposit amount is ₹1,000.
Unattempted
The minimum deposit amount is ₹1,000.
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Question 3 of 20
3. Question
Deposits after the minimum can be made in multiples of?
Correct
Deposits can be made in multiples of Re.1.
Incorrect
Deposits can be made in multiples of Re.1.
Unattempted
Deposits can be made in multiples of Re.1.
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Question 4 of 20
4. Question
What is the maximum deposit amount?
Correct
There is no maximum deposit limit.
Incorrect
There is no maximum deposit limit.
Unattempted
There is no maximum deposit limit.
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Question 5 of 20
5. Question
The deposit tenure depends on what?
Correct
It depends on the applicable section of the Income Tax Act.
Incorrect
It depends on the applicable section of the Income Tax Act.
Unattempted
It depends on the applicable section of the Income Tax Act.
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Question 6 of 20
6. Question
What is the maximum tenure for deposits under Sections 54, 54B and 54F?
Correct
Maximum tenure is 24 months.
Incorrect
Maximum tenure is 24 months.
Unattempted
Maximum tenure is 24 months.
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Question 7 of 20
7. Question
What is the maximum tenure for deposits under Sections 54D, 54G and 54GB?
Correct
Maximum tenure is 36 months.
Incorrect
Maximum tenure is 36 months.
Unattempted
Maximum tenure is 36 months.
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Question 8 of 20
8. Question
What is the minimum tenure under the Maturity Option?
Correct
The minimum tenure is 7 days.
Incorrect
The minimum tenure is 7 days.
Unattempted
The minimum tenure is 7 days.
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Question 9 of 20
9. Question
What is the minimum tenure under the Income Option?
Correct
The minimum tenure is 6 months.
Incorrect
The minimum tenure is 6 months.
Unattempted
The minimum tenure is 6 months.
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Question 10 of 20
10. Question
What happens to the deposit after the selected tenure?
Correct
The deposit is automatically closed.
Incorrect
The deposit is automatically closed.
Unattempted
The deposit is automatically closed.
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Question 11 of 20
11. Question
How is interest paid under the scheme?
Correct
Interest is paid at the prevailing Card Rate.
Incorrect
Interest is paid at the prevailing Card Rate.
Unattempted
Interest is paid at the prevailing Card Rate.
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Question 12 of 20
12. Question
Is additional interest available to senior citizens or bank staff?
Correct
No additional interest is available.
Incorrect
No additional interest is available.
Unattempted
No additional interest is available.
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Question 13 of 20
13. Question
What is the penal interest on premature closure?
Correct
Premature closure attracts a 1% penal interest.
Incorrect
Premature closure attracts a 1% penal interest.
Unattempted
Premature closure attracts a 1% penal interest.
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Question 14 of 20
14. Question
Where is interest credited under the Income Option?
Correct
Interest is credited only to the Savings Bank Capital Gain Account.
Incorrect
Interest is credited only to the Savings Bank Capital Gain Account.
Unattempted
Interest is credited only to the Savings Bank Capital Gain Account.
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Question 15 of 20
15. Question
Which form is used to withdraw funds from the Savings Capital Gain Account?
Correct
Withdrawal requires Form C.
Incorrect
Withdrawal requires Form C.
Unattempted
Withdrawal requires Form C.
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Question 16 of 20
16. Question
Is loan or overdraft available against the deposit?
Correct
Loan and overdraft facilities are not available.
Incorrect
Loan and overdraft facilities are not available.
Unattempted
Loan and overdraft facilities are not available.
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Question 17 of 20
17. Question
Can the deposit be used as collateral security?
Correct
It cannot be accepted as collateral for fund-based facilities.
Incorrect
It cannot be accepted as collateral for fund-based facilities.
Unattempted
It cannot be accepted as collateral for fund-based facilities.
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Question 18 of 20
18. Question
What document may be issued for interest earned?
Correct
An Interest Certificate may be issued.
Incorrect
An Interest Certificate may be issued.
Unattempted
An Interest Certificate may be issued.
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Question 19 of 20
19. Question
Where can the account be opened?
Correct
It can be opened at all PNB branches except Rural Branches.
Incorrect
It can be opened at all PNB branches except Rural Branches.
Unattempted
It can be opened at all PNB branches except Rural Branches.
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Question 20 of 20
20. Question
Single Capital Gain Term Deposits above ₹25 crore are accepted at?
Correct
They are accepted only at identified branches.
Incorrect
They are accepted only at identified branches.
Unattempted
They are accepted only at identified branches.