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Your results are here!! for" FD Scheme for Road Accident Victims "
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Number of Incorrect Questions : 0 and Negative marks 0
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Question 1 of 10
1. Question
What is the purpose of the FD Scheme for Road Accident Victims?
Correct
It enables MACT compensation to be invested in an FD.
Incorrect
It enables MACT compensation to be invested in an FD.
Unattempted
It enables MACT compensation to be invested in an FD.
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Question 2 of 10
2. Question
Who is eligible under the scheme?
Correct
Eligible claimants/dependents with Court orders can open the FD.
Incorrect
Eligible claimants/dependents with Court orders can open the FD.
Unattempted
Eligible claimants/dependents with Court orders can open the FD.
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Question 3 of 10
3. Question
Can minors below 10 years be covered?
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 10
4. Question
What is the minimum deposit tenure?
Correct
Minimum tenure is 12 months.
Incorrect
Minimum tenure is 12 months.
Unattempted
Minimum tenure is 12 months.
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Question 5 of 10
5. Question
What is the maximum deposit tenure?
Correct
Maximum tenure is 120 months.
Incorrect
Maximum tenure is 120 months.
Unattempted
Maximum tenure is 120 months.
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Question 6 of 10
6. Question
How much extra interest is offered?
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 7 of 10
7. Question
How is interest paid?
Correct
Interest is paid monthly at a discounted rate.
Incorrect
Interest is paid monthly at a discounted rate.
Unattempted
Interest is paid monthly at a discounted rate.
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Question 8 of 10
8. Question
What happens on maturity?
Correct
The deposit is automatically renewed for the Court-prescribed period.
Incorrect
The deposit is automatically renewed for the Court-prescribed period.
Unattempted
The deposit is automatically renewed for the Court-prescribed period.
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Question 9 of 10
9. Question
Is premature cancellation allowed?
Correct
Premature closure is not permitted.
Incorrect
Premature closure is not permitted.
Unattempted
Premature closure is not permitted.
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Question 10 of 10
10. Question
Is a loan or advance available against the FD?
Correct
No loan or advance is available.
Incorrect
No loan or advance is available.
Unattempted
No loan or advance is available.