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NO. OF QUESTION= 30
TOTAL TIME= 30 MIN
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Your results are here!! for" PNB Tax Shield – Fixed Deposit Scheme "
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Number of Incorrect Questions : 0 and Negative marks 0
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Number of Incorrect Questions: 0 and Negative marks 0
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Question 1 of 30
1. Question
Who is eligible to open PNB Tax Shield FD?
Correct
Eligible individuals and HUFs can open the account.
Incorrect
Eligible individuals and HUFs can open the account.
Unattempted
Eligible individuals and HUFs can open the account.
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Question 2 of 30
2. Question
Who gets Section 80C deduction in a joint deposit?
Correct
Only the first holder gets the deduction.
Incorrect
Only the first holder gets the deduction.
Unattempted
Only the first holder gets the deduction.
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Question 3 of 30
3. Question
What is the minimum deposit amount?
Correct
Minimum deposit is ₹100.
Incorrect
Minimum deposit is ₹100.
Unattempted
Minimum deposit is ₹100.
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Question 4 of 30
4. Question
What is the maximum deposit per financial year?
Correct
Maximum deposit is ₹1.50 lakh.
Incorrect
Maximum deposit is ₹1.50 lakh.
Unattempted
Maximum deposit is ₹1.50 lakh.
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Question 5 of 30
5. Question
Which declaration is required at account opening?
Correct
Annexure-B declaration is required.
Incorrect
Annexure-B declaration is required.
Unattempted
Annexure-B declaration is required.
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Question 6 of 30
6. Question
What is the deposit tenure?
Correct
The tenure is fixed at 5 years.
Incorrect
The tenure is fixed at 5 years.
Unattempted
The tenure is fixed at 5 years.
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Question 7 of 30
7. Question
What is the lock-in period?
Correct
Lock-in period is 5 years.
Incorrect
Lock-in period is 5 years.
Unattempted
Lock-in period is 5 years.
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Question 8 of 30
8. Question
Is auto renewal allowed?
Correct
Auto renewal is not permitted.
Incorrect
Auto renewal is not permitted.
Unattempted
Auto renewal is not permitted.
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Question 9 of 30
9. Question
Which interest option must be selected?
Correct
Customer must choose Income or Maturity option.
Incorrect
Customer must choose Income or Maturity option.
Unattempted
Customer must choose Income or Maturity option.
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Question 10 of 30
10. Question
Monthly interest under Income Option is paid at?
Correct
Monthly interest is paid at discounted value.
Incorrect
Monthly interest is paid at discounted value.
Unattempted
Monthly interest is paid at discounted value.
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Question 11 of 30
11. Question
Quarterly interest under Income Option is paid at?
Correct
Quarterly interest is paid at simple rate.
Incorrect
Quarterly interest is paid at simple rate.
Unattempted
Quarterly interest is paid at simple rate.
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Question 12 of 30
12. Question
Interest under Maturity Option is?
Correct
Interest is compounded quarterly.
Incorrect
Interest is compounded quarterly.
Unattempted
Interest is compounded quarterly.
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Question 13 of 30
13. Question
Who prescribes the card rate?
Correct
HO IRMD (ALM) prescribes the rate.
Incorrect
HO IRMD (ALM) prescribes the rate.
Unattempted
HO IRMD (ALM) prescribes the rate.
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Question 14 of 30
14. Question
Additional interest for senior citizens is?
Correct
Senior citizens get extra 0.50%.
Incorrect
Senior citizens get extra 0.50%.
Unattempted
Senior citizens get extra 0.50%.
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Question 15 of 30
15. Question
Additional interest for serving staff is?
Correct
Serving staff get extra 1%.
Incorrect
Serving staff get extra 1%.
Unattempted
Serving staff get extra 1%.
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Question 16 of 30
16. Question
Maximum additional interest for retired staff who are senior citizens?
Correct
Maximum additional interest is 1%.
Incorrect
Maximum additional interest is 1%.
Unattempted
Maximum additional interest is 1%.
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Question 17 of 30
17. Question
Interest is paid according to?
Correct
Interest follows selected option.
Incorrect
Interest follows selected option.
Unattempted
Interest follows selected option.
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Question 18 of 30
18. Question
Which details appear on the TDR?
Correct
TDR contains name, address, PAN and signature.
Incorrect
TDR contains name, address, PAN and signature.
Unattempted
TDR contains name, address, PAN and signature.
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Question 19 of 30
19. Question
Can loan be taken against this deposit?
Correct
Loan facility is not available.
Incorrect
Loan facility is not available.
Unattempted
Loan facility is not available.
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Question 20 of 30
20. Question
Can this deposit be pledged as security?
Correct
It cannot be pledged.
Incorrect
It cannot be pledged.
Unattempted
It cannot be pledged.
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Question 21 of 30
21. Question
Where should lost receipt application be submitted?
Correct
Apply to issuing branch.
Incorrect
Apply to issuing branch.
Unattempted
Apply to issuing branch.
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Question 22 of 30
22. Question
For duplicate receipt, what may be required?
Correct
Indemnity bond with sureties/bank guarantee where applicable.
Incorrect
Indemnity bond with sureties/bank guarantee where applicable.
Unattempted
Indemnity bond with sureties/bank guarantee where applicable.
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Question 23 of 30
23. Question
For receipt of ₹500 or less, duplicate requires?
Correct
Only indemnity bond is needed.
Incorrect
Only indemnity bond is needed.
Unattempted
Only indemnity bond is needed.
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Question 24 of 30
24. Question
Duplicate for mutilated receipt requires indemnity?
Correct
No indemnity needed if genuine mutilated receipt surrendered.
Incorrect
No indemnity needed if genuine mutilated receipt surrendered.
Unattempted
No indemnity needed if genuine mutilated receipt surrendered.
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Question 25 of 30
25. Question
Duplicate receipt has what validity?
Correct
Same legal validity as original.
Incorrect
Same legal validity as original.
Unattempted
Same legal validity as original.
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Question 26 of 30
26. Question
Is premature withdrawal allowed during lock-in?
Correct
Not permitted during 5-year lock-in.
Incorrect
Not permitted during 5-year lock-in.
Unattempted
Not permitted during 5-year lock-in.
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Question 27 of 30
27. Question
What happens if depositor dies before maturity?
Correct
Lock-in and penalty are waived.
Incorrect
Lock-in and penalty are waived.
Unattempted
Lock-in and penalty are waived.
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Question 28 of 30
28. Question
If no nomination exists, payment is made to?
Correct
Paid to legal heirs.
Incorrect
Paid to legal heirs.
Unattempted
Paid to legal heirs.
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Question 29 of 30
29. Question
Interest on deposit is liable to?
Correct
Interest is taxable under Income Tax Act.
Incorrect
Interest is taxable under Income Tax Act.
Unattempted
Interest is taxable under Income Tax Act.
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Question 30 of 30
30. Question
TDS is deducted as per?
Correct
TDS follows Income Tax Act and bank guidelines.
Incorrect
TDS follows Income Tax Act and bank guidelines.
Unattempted
TDS follows Income Tax Act and bank guidelines.