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NO. OF QUESTION= 30
TOTAL TIME= 30 MIN
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Your results are here!! for" Annuity Term Deposit Scheme for Victims of Road Accidents (MACAD Scheme) "
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Question 1 of 30
1. Question
What is the full form of MACAD?
Correct
Motor Accident Claims Annuity Deposit
Incorrect
Motor Accident Claims Annuity Deposit
Unattempted
Motor Accident Claims Annuity Deposit
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Question 2 of 30
2. Question
What is the purpose of MACAD?
Correct
Invest MACT compensation and pay monthly EMIs.
Incorrect
Invest MACT compensation and pay monthly EMIs.
Unattempted
Invest MACT compensation and pay monthly EMIs.
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Question 3 of 30
3. Question
Who can open a MACAD account?
Correct
Individuals including minors through guardian.
Incorrect
Individuals including minors through guardian.
Unattempted
Individuals including minors through guardian.
-
Question 4 of 30
4. Question
MACAD account can be opened in?
Correct
Single name only.
Incorrect
Single name only.
Unattempted
Single name only.
-
Question 5 of 30
5. Question
Minimum deposit is based on?
Correct
Minimum monthly annuity of ₹1,000.
Incorrect
Minimum monthly annuity of ₹1,000.
Unattempted
Minimum monthly annuity of ₹1,000.
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Question 6 of 30
6. Question
Maximum deposit under MACAD is?
Correct
No maximum limit.
Incorrect
No maximum limit.
Unattempted
No maximum limit.
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Question 7 of 30
7. Question
Minimum tenure of MACAD is?
Correct
36 months.
Incorrect
36 months.
Unattempted
36 months.
-
Question 8 of 30
8. Question
Maximum normal tenure is?
Correct
120 months.
Incorrect
120 months.
Unattempted
120 months.
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Question 9 of 30
9. Question
Deposits beyond 120 months are accepted when?
Correct
Only as per Court/Tribunal directions.
Incorrect
Only as per Court/Tribunal directions.
Unattempted
Only as per Court/Tribunal directions.
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Question 10 of 30
10. Question
Interest on MACAD is paid at?
Correct
Prevailing rate for respective tenure.
Incorrect
Prevailing rate for respective tenure.
Unattempted
Prevailing rate for respective tenure.
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Question 11 of 30
11. Question
Loan facility against MACAD is?
Correct
Not permitted.
Incorrect
Not permitted.
Unattempted
Not permitted.
-
Question 12 of 30
12. Question
Nomination facility is?
Correct
Available subject to Court directions.
Incorrect
Available subject to Court directions.
Unattempted
Available subject to Court directions.
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Question 13 of 30
13. Question
Premature closure requires?
Correct
Court permission.
Incorrect
Court permission.
Unattempted
Court permission.
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Question 14 of 30
14. Question
Interest earned is subject to?
Correct
TDS as per Income Tax Rules.
Incorrect
TDS as per Income Tax Rules.
Unattempted
TDS as per Income Tax Rules.
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Question 15 of 30
15. Question
MACT Claims SB Account is linked with?
Correct
MACAD.
Incorrect
MACAD.
Unattempted
MACAD.
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Question 16 of 30
16. Question
Purpose of MACT Claims SB Account?
Correct
Credit of monthly annuity.
Incorrect
Credit of monthly annuity.
Unattempted
Credit of monthly annuity.
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Question 17 of 30
17. Question
Minimum balance requirement is?
Correct
Not applicable.
Incorrect
Not applicable.
Unattempted
Not applicable.
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Question 18 of 30
18. Question
Maximum balance requirement is?
Correct
Not applicable.
Incorrect
Not applicable.
Unattempted
Not applicable.
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Question 19 of 30
19. Question
Interest on MACT SB Account is?
Correct
Regular Savings Bank rate.
Incorrect
Regular Savings Bank rate.
Unattempted
Regular Savings Bank rate.
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Question 20 of 30
20. Question
Cheque book facility is?
Correct
Not allowed.
Incorrect
Not allowed.
Unattempted
Not allowed.
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Question 21 of 30
21. Question
Debit/ATM card facility is?
Correct
Not allowed.
Incorrect
Not allowed.
Unattempted
Not allowed.
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Question 22 of 30
22. Question
Welcome kit is?
Correct
Not allowed.
Incorrect
Not allowed.
Unattempted
Not allowed.
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Question 23 of 30
23. Question
Internet Banking is?
Correct
Not allowed.
Incorrect
Not allowed.
Unattempted
Not allowed.
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Question 24 of 30
24. Question
Mobile Banking is?
Correct
Not allowed.
Incorrect
Not allowed.
Unattempted
Not allowed.
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Question 25 of 30
25. Question
Monthly payments under MACAD consist of?
Correct
Principal and interest.
Incorrect
Principal and interest.
Unattempted
Principal and interest.
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Question 26 of 30
26. Question
Who awards compensation?
Correct
MACT/Court.
Incorrect
MACT/Court.
Unattempted
MACT/Court.
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Question 27 of 30
27. Question
Mode of holding under MACAD is?
Correct
Single account only.
Incorrect
Single account only.
Unattempted
Single account only.
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Question 28 of 30
28. Question
Minimum monthly annuity considered is?
Correct
₹1,000.
Incorrect
₹1,000.
Unattempted
₹1,000.
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Question 29 of 30
29. Question
Are loans and advances allowed against MACAD?
Correct
No.
Incorrect
No.
Unattempted
No.
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Question 30 of 30
30. Question
Does the MACT SB Account require a minimum balance?
Correct
No minimum balance is required.
Incorrect
No minimum balance is required.
Unattempted
No minimum balance is required.