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NO. OF QUESTION= 15
TOTAL TIME= 15 MIN
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Your results are here!! for" Scheme for Road Accident Victims "
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Question 1 of 15
1. Question
What is the purpose of the Scheme for Road Accident Victims?
Correct
The scheme allows compensation awarded by Court/MACT to be invested in a fixed deposit with monthly interest income.
Incorrect
The scheme allows compensation awarded by Court/MACT to be invested in a fixed deposit with monthly interest income.
Unattempted
The scheme allows compensation awarded by Court/MACT to be invested in a fixed deposit with monthly interest income.
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Question 2 of 15
2. Question
Who is eligible under the scheme?
Correct
Eligible applicants include victims/dependents with supporting Court orders.
Incorrect
Eligible applicants include victims/dependents with supporting Court orders.
Unattempted
Eligible applicants include victims/dependents with supporting Court orders.
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Question 3 of 15
3. Question
Can minors below 10 years open an account?
Correct
Yes, through a guardian with Court orders.
Incorrect
Yes, through a guardian with Court orders.
Unattempted
Yes, through a guardian with Court orders.
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Question 4 of 15
4. Question
What is the minimum deposit tenure?
Correct
The minimum tenure is 12 months.
Incorrect
The minimum tenure is 12 months.
Unattempted
The minimum tenure is 12 months.
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Question 5 of 15
5. Question
What is the maximum normal deposit tenure?
Correct
The normal maximum tenure is 120 months.
Incorrect
The normal maximum tenure is 120 months.
Unattempted
The normal maximum tenure is 120 months.
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Question 6 of 15
6. Question
What happens if the Court directs a tenure beyond 120 months?
Correct
The deposit is automatically renewed until the court-prescribed period ends.
Incorrect
The deposit is automatically renewed until the court-prescribed period ends.
Unattempted
The deposit is automatically renewed until the court-prescribed period ends.
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Question 7 of 15
7. Question
How much additional interest is provided?
Correct
The scheme offers 1% above the applicable Card Rate.
Incorrect
The scheme offers 1% above the applicable Card Rate.
Unattempted
The scheme offers 1% above the applicable Card Rate.
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Question 8 of 15
8. Question
Which interest payment option is available?
Correct
Only the Income Option is available.
Incorrect
Only the Income Option is available.
Unattempted
Only the Income Option is available.
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Question 9 of 15
9. Question
How frequently is interest paid?
Correct
Interest is paid monthly.
Incorrect
Interest is paid monthly.
Unattempted
Interest is paid monthly.
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Question 10 of 15
10. Question
At what value is monthly interest paid?
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 15
11. Question
Is a Savings Fund Account mandatory?
Correct
A Savings Fund Account is mandatory for credit of monthly interest.
Incorrect
A Savings Fund Account is mandatory for credit of monthly interest.
Unattempted
A Savings Fund Account is mandatory for credit of monthly interest.
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Question 12 of 15
12. Question
Is a cheque book allowed for the linked Savings Fund Account?
Correct
Cheque book facility is not permitted.
Incorrect
Cheque book facility is not permitted.
Unattempted
Cheque book facility is not permitted.
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Question 13 of 15
13. Question
Can a loan be taken against the deposit without Court permission?
Correct
No loan or advance is allowed without Court permission.
Incorrect
No loan or advance is allowed without Court permission.
Unattempted
No loan or advance is allowed without Court permission.
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Question 14 of 15
14. Question
Is premature cancellation allowed without Court permission?
Correct
Premature cancellation or part withdrawal is not permitted without Court permission.
Incorrect
Premature cancellation or part withdrawal is not permitted without Court permission.
Unattempted
Premature cancellation or part withdrawal is not permitted without Court permission.
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Question 15 of 15
15. Question
What document does the Bank issue for tax deducted from interest?
Correct
The Bank issues a TDS Certificate.
Incorrect
The Bank issues a TDS Certificate.
Unattempted
The Bank issues a TDS Certificate.