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Purchase Course

PNB SF Prudent Sweep for the accounts of institutions

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TOTAL QUESTION: 30
TOTAL TIME= 30 MIN

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  1. Answered
  2. Review
  1. Question 1 of 30
    1. Question

    For whom can Saving Fund accounts be opened under the PNB SF Prudent Sweep scheme for institutions?

    Correct

    Accounts can be opened as per RBI directives for eligible institutions.

    Incorrect

    Accounts can be opened as per RBI directives for eligible institutions.

    Unattempted

    Accounts can be opened as per RBI directives for eligible institutions.

  2. Question 2 of 30
    2. Question

    What is the minimum quarterly average balance under the Standard variant?

    Correct

    The Standard variant requires a minimum quarterly average balance of Rs. 1.00 lakh.

    Incorrect

    The Standard variant requires a minimum quarterly average balance of Rs. 1.00 lakh.

    Unattempted

    The Standard variant requires a minimum quarterly average balance of Rs. 1.00 lakh.

  3. Question 3 of 30
    3. Question

    What is the minimum quarterly average balance under the Classic variant?

    Correct

    The Classic variant requires a minimum quarterly average balance of Rs. 5.00 lakh.

    Incorrect

    The Classic variant requires a minimum quarterly average balance of Rs. 5.00 lakh.

    Unattempted

    The Classic variant requires a minimum quarterly average balance of Rs. 5.00 lakh.

  4. Question 4 of 30
    4. Question

    What is the minimum quarterly average balance under the Advantage variant?

    Correct

    The Advantage variant requires a minimum quarterly average balance of Rs. 10.00 lakh.

    Incorrect

    The Advantage variant requires a minimum quarterly average balance of Rs. 10.00 lakh.

    Unattempted

    The Advantage variant requires a minimum quarterly average balance of Rs. 10.00 lakh.

  5. Question 5 of 30
    5. Question

    What are the charges for not maintaining the quarterly average balance under the Standard variant?

    Correct

    The charges are NIL.

    Incorrect

    The charges are NIL.

    Unattempted

    The charges are NIL.

  6. Question 6 of 30
    6. Question

    What are the charges for not maintaining the quarterly average balance under the Classic variant?

    Correct

    The charges are NIL.

    Incorrect

    The charges are NIL.

    Unattempted

    The charges are NIL.

  7. Question 7 of 30
    7. Question

    What are the charges for not maintaining the quarterly average balance under the Advantage variant?

    Correct

    The charges are NIL.

    Incorrect

    The charges are NIL.

    Unattempted

    The charges are NIL.

  8. Question 8 of 30
    8. Question

    What is the minimum balance for sweep-in and sweep-out facility under the Standard variant?

    Correct

    The Standard variant has a minimum sweep-in/sweep-out balance of Rs. 5.00 lakh.

    Incorrect

    The Standard variant has a minimum sweep-in/sweep-out balance of Rs. 5.00 lakh.

    Unattempted

    The Standard variant has a minimum sweep-in/sweep-out balance of Rs. 5.00 lakh.

  9. Question 9 of 30
    9. Question

    What is the minimum balance for sweep-in and sweep-out facility under the Classic variant?

    Correct

    The Classic variant has a minimum sweep-in/sweep-out balance of Rs. 8.00 lakh.

    Incorrect

    The Classic variant has a minimum sweep-in/sweep-out balance of Rs. 8.00 lakh.

    Unattempted

    The Classic variant has a minimum sweep-in/sweep-out balance of Rs. 8.00 lakh.

  10. Question 10 of 30
    10. Question

    What is the minimum balance for sweep-in and sweep-out facility under the Advantage variant?

    Correct

    The Advantage variant has a minimum sweep-in/sweep-out balance of Rs. 10.00 lakh.

    Incorrect

    The Advantage variant has a minimum sweep-in/sweep-out balance of Rs. 10.00 lakh.

    Unattempted

    The Advantage variant has a minimum sweep-in/sweep-out balance of Rs. 10.00 lakh.

  11. Question 11 of 30
    11. Question

    In what multiples does sweep-in and sweep-out take place under all three variants?

    Correct

    Sweep-in and sweep-out take place in multiples of Rs. 1.00 lakh.

    Incorrect

    Sweep-in and sweep-out take place in multiples of Rs. 1.00 lakh.

    Unattempted

    Sweep-in and sweep-out take place in multiples of Rs. 1.00 lakh.

  12. Question 12 of 30
    12. Question

    How frequently does the sweep take place under the PNB SF Prudent Sweep scheme for institutions?

    Correct

    The sweep takes place every Tuesday.

    Incorrect

    The sweep takes place every Tuesday.

    Unattempted

    The sweep takes place every Tuesday.

  13. Question 13 of 30
    13. Question

    If Tuesday is a holiday, when will the sweep take place?

    Correct

    If Tuesday is a holiday, the sweep takes place on the next working day.

    Incorrect

    If Tuesday is a holiday, the sweep takes place on the next working day.

    Unattempted

    If Tuesday is a holiday, the sweep takes place on the next working day.

  14. Question 14 of 30
    14. Question

    What is the FFD period under the Standard variant?

    Correct

    The Standard variant permits FFDs from 7 days to 90 days.

    Incorrect

    The Standard variant permits FFDs from 7 days to 90 days.

    Unattempted

    The Standard variant permits FFDs from 7 days to 90 days.

  15. Question 15 of 30
    15. Question

    What is the FFD period under the Classic variant?

    Correct

    The Classic variant permits FFDs from 46 days to 180 days.

    Incorrect

    The Classic variant permits FFDs from 46 days to 180 days.

    Unattempted

    The Classic variant permits FFDs from 46 days to 180 days.

  16. Question 16 of 30
    16. Question

    What is the FFD period under the Advantage variant?

    Correct

    The Advantage variant permits FFDs from 46 days to 1 year.

    Incorrect

    The Advantage variant permits FFDs from 46 days to 1 year.

    Unattempted

    The Advantage variant permits FFDs from 46 days to 1 year.

  17. Question 17 of 30
    17. Question

    What is the cash deposit charge concession under the Standard variant?

    Correct

    The Standard variant provides a concession of Rs. 1.00 lakh per day.

    Incorrect

    The Standard variant provides a concession of Rs. 1.00 lakh per day.

    Unattempted

    The Standard variant provides a concession of Rs. 1.00 lakh per day.

  18. Question 18 of 30
    18. Question

    What is the cash deposit charge concession under the Classic variant?

    Correct

    The Classic variant provides a concession of Rs. 2.00 lakh per day.

    Incorrect

    The Classic variant provides a concession of Rs. 2.00 lakh per day.

    Unattempted

    The Classic variant provides a concession of Rs. 2.00 lakh per day.

  19. Question 19 of 30
    19. Question

    What is the cash deposit charge concession under the Advantage variant?

    Correct

    The Advantage variant provides a concession of Rs. 3.00 lakh per day.

    Incorrect

    The Advantage variant provides a concession of Rs. 3.00 lakh per day.

    Unattempted

    The Advantage variant provides a concession of Rs. 3.00 lakh per day.

  20. Question 20 of 30
    20. Question

    Under the Standard variant, how much balance in the account is utilized before withdrawal from FFD for further debits?

    Correct

    Under Standard, the balance available up to Rs. 5,00,000 is utilized first.

    Incorrect

    Under Standard, the balance available up to Rs. 5,00,000 is utilized first.

    Unattempted

    Under Standard, the balance available up to Rs. 5,00,000 is utilized first.

  21. Question 21 of 30
    21. Question

    Under the Classic variant, how much balance in the account is utilized before withdrawal from FFD for further debits?

    Correct

    Under Classic, the balance available up to Rs. 8,00,000 is utilized first.

    Incorrect

    Under Classic, the balance available up to Rs. 8,00,000 is utilized first.

    Unattempted

    Under Classic, the balance available up to Rs. 8,00,000 is utilized first.

  22. Question 22 of 30
    22. Question

    Under the Advantage variant, how much balance in the account is utilized before withdrawal from FFD for further debits?

    Correct

    Under Advantage, the balance available up to Rs. 10,00,000 is utilized first.

    Incorrect

    Under Advantage, the balance available up to Rs. 10,00,000 is utilized first.

    Unattempted

    Under Advantage, the balance available up to Rs. 10,00,000 is utilized first.

  23. Question 23 of 30
    23. Question

    On which basis is withdrawal from FFD made for further debits under the scheme?

    Correct

    Withdrawal from FFD for further debits is made on a Last In First Out basis.

    Incorrect

    Withdrawal from FFD for further debits is made on a Last In First Out basis.

    Unattempted

    Withdrawal from FFD for further debits is made on a Last In First Out basis.

  24. Question 24 of 30
    24. Question

    Is a loan or overdraft facility available against FFD under this scheme?

    Correct

    No loan or overdraft is available against FFD in the account.

    Incorrect

    No loan or overdraft is available against FFD in the account.

    Unattempted

    No loan or overdraft is available against FFD in the account.

  25. Question 25 of 30
    25. Question

    How many drafts are available free under the Standard variant in a calendar month?

    Correct

    Up to two drafts are available, with a maximum amount of Rs. 25,000 each.

    Incorrect

    Up to two drafts are available, with a maximum amount of Rs. 25,000 each.

    Unattempted

    Up to two drafts are available, with a maximum amount of Rs. 25,000 each.

  26. Question 26 of 30
    26. Question

    How many drafts are available free under the Classic variant in a calendar month?

    Correct

    Up to five drafts are available, with a maximum amount of Rs. 50,000 each.

    Incorrect

    Up to five drafts are available, with a maximum amount of Rs. 50,000 each.

    Unattempted

    Up to five drafts are available, with a maximum amount of Rs. 50,000 each.

  27. Question 27 of 30
    27. Question

    How many drafts are available free under the Advantage variant in a calendar month?

    Correct

    Up to ten drafts are available, with a maximum amount of Rs. 1,00,000 each.

    Incorrect

    Up to ten drafts are available, with a maximum amount of Rs. 1,00,000 each.

    Unattempted

    Up to ten drafts are available, with a maximum amount of Rs. 1,00,000 each.

  28. Question 28 of 30
    28. Question

    What is the maximum amount of each free draft under the Standard variant?

    Correct

    Each free draft under Standard can be up to Rs. 25,000.

    Incorrect

    Each free draft under Standard can be up to Rs. 25,000.

    Unattempted

    Each free draft under Standard can be up to Rs. 25,000.

  29. Question 29 of 30
    29. Question

    What is the maximum amount of each free draft under the Classic variant?

    Correct

    Each free draft under Classic can be up to Rs. 50,000.

    Incorrect

    Each free draft under Classic can be up to Rs. 50,000.

    Unattempted

    Each free draft under Classic can be up to Rs. 50,000.

  30. Question 30 of 30
    30. Question

    What is the maximum amount of each free draft under the Advantage variant?

    Correct

    Each free draft under Advantage can be up to Rs. 1,00,000.

    Incorrect

    Each free draft under Advantage can be up to Rs. 1,00,000.

    Unattempted

    Each free draft under Advantage can be up to Rs. 1,00,000.


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