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Purchase Course

Pearl Savings Account

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TOTAL QUESTION: 50
TOTAL TIME= 50 MIN

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  50. 50
  1. Answered
  2. Review
  1. Question 1 of 50
    1. Question

    Who is eligible for the Pearl Savings Account?

    Correct

    Females above the age of 18 years are eligible.

    Incorrect

    Females above the age of 18 years are eligible.

    Unattempted

    Females above the age of 18 years are eligible.

  2. Question 2 of 50
    2. Question

    What is the minimum monthly average balance required for availing benefits?

    Correct

    The required minimum monthly average balance is ₹10,000.

    Incorrect

    The required minimum monthly average balance is ₹10,000.

    Unattempted

    The required minimum monthly average balance is ₹10,000.

  3. Question 3 of 50
    3. Question

    What is the Personal Accidental Death Insurance (PAI) cover?

    Correct

    The PAI cover is ₹10 lakh.

    Incorrect

    The PAI cover is ₹10 lakh.

    Unattempted

    The PAI cover is ₹10 lakh.

  4. Question 4 of 50
    4. Question

    What is the Air Accidental Insurance (AAI) cover?

    Correct

    The AAI cover is ₹20 lakh.

    Incorrect

    The AAI cover is ₹20 lakh.

    Unattempted

    The AAI cover is ₹20 lakh.

  5. Question 5 of 50
    5. Question

    What is the Permanent Total Disability (PTD) cover?

    Correct

    The PTD cover is ₹10 lakh.

    Incorrect

    The PTD cover is ₹10 lakh.

    Unattempted

    The PTD cover is ₹10 lakh.

  6. Question 6 of 50
    6. Question

    What is the maximum Permanent Partial Disability (PPD) cover?

    Correct

    PPD cover is available up to ₹5 lakh, subject to the stated conditions.

    Incorrect

    PPD cover is available up to ₹5 lakh, subject to the stated conditions.

    Unattempted

    PPD cover is available up to ₹5 lakh, subject to the stated conditions.

  7. Question 7 of 50
    7. Question

    In case of multiple injury, what is the maximum PPD claim?

    Correct

    In case of multiple injury, the maximum claim is up to the amount of the sum insured.

    Incorrect

    In case of multiple injury, the maximum claim is up to the amount of the sum insured.

    Unattempted

    In case of multiple injury, the maximum claim is up to the amount of the sum insured.

  8. Question 8 of 50
    8. Question

    What percentage of the entitled PA Cover is available for higher education?

    Correct

    The higher education benefit is 25% of the entitled PA Cover.

    Incorrect

    The higher education benefit is 25% of the entitled PA Cover.

    Unattempted

    The higher education benefit is 25% of the entitled PA Cover.

  9. Question 9 of 50
    9. Question

    What is the maximum aggregate higher education benefit?

    Correct

    The higher education benefit is capped at ₹5 lakh in aggregate.

    Incorrect

    The higher education benefit is capped at ₹5 lakh in aggregate.

    Unattempted

    The higher education benefit is capped at ₹5 lakh in aggregate.

  10. Question 10 of 50
    10. Question

    For how many years is the higher education benefit available?

    Correct

    The benefit is available for 3 years, subject to the stated conditions.

    Incorrect

    The benefit is available for 3 years, subject to the stated conditions.

    Unattempted

    The benefit is available for 3 years, subject to the stated conditions.

  11. Question 11 of 50
    11. Question

    How many dependent children are covered under the higher education benefit?

    Correct

    The higher education benefit covers 2 dependent children.

    Incorrect

    The higher education benefit covers 2 dependent children.

    Unattempted

    The higher education benefit covers 2 dependent children.

  12. Question 12 of 50
    12. Question

    Up to what age are dependent children covered under the higher education benefit?

    Correct

    Dependent children are covered up to the age of 25 years.

    Incorrect

    Dependent children are covered up to the age of 25 years.

    Unattempted

    Dependent children are covered up to the age of 25 years.

  13. Question 13 of 50
    13. Question

    What is the age range for the Girl Child Marriage Cover?

    Correct

    The Girl Child Marriage Cover applies to girls aged 18 to 25 years.

    Incorrect

    The Girl Child Marriage Cover applies to girls aged 18 to 25 years.

    Unattempted

    The Girl Child Marriage Cover applies to girls aged 18 to 25 years.

  14. Question 14 of 50
    14. Question

    What percentage of the PA Cover is available for the Girl Child Marriage Cover?

    Correct

    The Girl Child Marriage Cover is 10% of the PA Cover.

    Incorrect

    The Girl Child Marriage Cover is 10% of the PA Cover.

    Unattempted

    The Girl Child Marriage Cover is 10% of the PA Cover.

  15. Question 15 of 50
    15. Question

    What is the maximum Girl Child Marriage Cover for each girl child?

    Correct

    The maximum benefit is ₹2 lakh for each girl child.

    Incorrect

    The maximum benefit is ₹2 lakh for each girl child.

    Unattempted

    The maximum benefit is ₹2 lakh for each girl child.

  16. Question 16 of 50
    16. Question

    For how many girl children is the Girl Child Marriage Cover available?

    Correct

    The benefit is available for 2 girl children.

    Incorrect

    The benefit is available for 2 girl children.

    Unattempted

    The benefit is available for 2 girl children.

  17. Question 17 of 50
    17. Question

    What is the ambulance charges benefit linked to PAI?

    Correct

    Ambulance charges are covered up to ₹10,000.

    Incorrect

    Ambulance charges are covered up to ₹10,000.

    Unattempted

    Ambulance charges are covered up to ₹10,000.

  18. Question 18 of 50
    18. Question

    What is the funeral expenses benefit linked to PAI?

    Correct

    Funeral expenses are covered up to ₹10,000.

    Incorrect

    Funeral expenses are covered up to ₹10,000.

    Unattempted

    Funeral expenses are covered up to ₹10,000.

  19. Question 19 of 50
    19. Question

    What is the lost baggage protection insurance for domestic air travel?

    Correct

    The lost baggage protection insurance is ₹25,000.

    Incorrect

    The lost baggage protection insurance is ₹25,000.

    Unattempted

    The lost baggage protection insurance is ₹25,000.

  20. Question 20 of 50
    20. Question

    When are PAI and other linked benefits admissible?

    Correct

    PAI and other linked benefits are admissible immediately upon account activation.

    Incorrect

    PAI and other linked benefits are admissible immediately upon account activation.

    Unattempted

    PAI and other linked benefits are admissible immediately upon account activation.

  21. Question 21 of 50
    21. Question

    Up to what age are PAI and other linked benefits available?

    Correct

    PAI and other linked benefits are available up to the age of 69 years only.

    Incorrect

    PAI and other linked benefits are available up to the age of 69 years only.

    Unattempted

    PAI and other linked benefits are available up to the age of 69 years only.

  22. Question 22 of 50
    22. Question

    What is the Cancer Indemnity Insurance cover?

    Correct

    The Cancer Indemnity Insurance cover is ₹2 lakh.

    Incorrect

    The Cancer Indemnity Insurance cover is ₹2 lakh.

    Unattempted

    The Cancer Indemnity Insurance cover is ₹2 lakh.

  23. Question 23 of 50
    23. Question

    Who can open zero-balance accounts under the family banking benefit?

    Correct

    The spouse and up to two children of the primary woman account holder can open zero-balance accounts.

    Incorrect

    The spouse and up to two children of the primary woman account holder can open zero-balance accounts.

    Unattempted

    The spouse and up to two children of the primary woman account holder can open zero-balance accounts.

  24. Question 24 of 50
    24. Question

    Up to what age can children avail the family banking benefit?

    Correct

    Children can avail the benefit up to the age of 25 years.

    Incorrect

    Children can avail the benefit up to the age of 25 years.

    Unattempted

    Children can avail the benefit up to the age of 25 years.

  25. Question 25 of 50
    25. Question

    Which debit card is offered under the Pearl Savings Account?

    Correct

    The RuPay Women Pearl Platinum International Debit Card is offered.

    Incorrect

    The RuPay Women Pearl Platinum International Debit Card is offered.

    Unattempted

    The RuPay Women Pearl Platinum International Debit Card is offered.

  26. Question 26 of 50
    26. Question

    What are the issuance charges for the Pearl debit card?

    Correct

    The debit card issuance charges are NIL.

    Incorrect

    The debit card issuance charges are NIL.

    Unattempted

    The debit card issuance charges are NIL.

  27. Question 27 of 50
    27. Question

    When will the debit card AMC be waived?

    Correct

    AMC is waived when the desired yearly average balance equivalent to the scheme MAB requirement is maintained in the last 12 months.

    Incorrect

    AMC is waived when the desired yearly average balance equivalent to the scheme MAB requirement is maintained in the last 12 months.

    Unattempted

    AMC is waived when the desired yearly average balance equivalent to the scheme MAB requirement is maintained in the last 12 months.

  28. Question 28 of 50
    28. Question

    What health check-up is included among the debit card and other offers?

    Correct

    An annual mammogram check-up is included.

    Incorrect

    An annual mammogram check-up is included.

    Unattempted

    An annual mammogram check-up is included.

  29. Question 29 of 50
    29. Question

    What Personal Accidental Insurance cover is linked to the debit card?

    Correct

    The debit card includes a Personal Accidental Insurance cover of ₹2 lakh.

    Incorrect

    The debit card includes a Personal Accidental Insurance cover of ₹2 lakh.

    Unattempted

    The debit card includes a Personal Accidental Insurance cover of ₹2 lakh.

  30. Question 30 of 50
    30. Question

    What duration of free Swiggy One membership is offered?

    Correct

    The debit card offers free Swiggy One membership for 3 months.

    Incorrect

    The debit card offers free Swiggy One membership for 3 months.

    Unattempted

    The debit card offers free Swiggy One membership for 3 months.

  31. Question 31 of 50
    31. Question

    What is the daily cash withdrawal limit from an ATM?

    Correct

    The daily ATM cash withdrawal limit is ₹50,000.

    Incorrect

    The daily ATM cash withdrawal limit is ₹50,000.

    Unattempted

    The daily ATM cash withdrawal limit is ₹50,000.

  32. Question 32 of 50
    32. Question

    What is the combined daily POS/eCom transaction limit?

    Correct

    The combined daily POS/eCom limit is ₹1.50 lakh.

    Incorrect

    The combined daily POS/eCom limit is ₹1.50 lakh.

    Unattempted

    The combined daily POS/eCom limit is ₹1.50 lakh.

  33. Question 33 of 50
    33. Question

    What is the daily contactless transaction limit?

    Correct

    The daily contactless transaction limit is ₹5,000.

    Incorrect

    The daily contactless transaction limit is ₹5,000.

    Unattempted

    The daily contactless transaction limit is ₹5,000.

  34. Question 34 of 50
    34. Question

    What is stated about the exclusive designed credit card?

    Correct

    Free issuance of an exclusive designed credit card is offered subject to eligibility and applicable charges.

    Incorrect

    Free issuance of an exclusive designed credit card is offered subject to eligibility and applicable charges.

    Unattempted

    Free issuance of an exclusive designed credit card is offered subject to eligibility and applicable charges.

  35. Question 35 of 50
    35. Question

    What is the minimum tenor available under the sweep facility?

    Correct

    The sweep facility is available with a minimum tenor of 7 days.

    Incorrect

    The sweep facility is available with a minimum tenor of 7 days.

    Unattempted

    The sweep facility is available with a minimum tenor of 7 days.

  36. Question 36 of 50
    36. Question

    What is the threshold amount for the sweep facility?

    Correct

    The threshold is ₹1,00,000, followed by multiples of ₹10,000.

    Incorrect

    The threshold is ₹1,00,000, followed by multiples of ₹10,000.

    Unattempted

    The threshold is ₹1,00,000, followed by multiples of ₹10,000.

  37. Question 37 of 50
    37. Question

    When can the sweep-out be made?

    Correct

    Sweep-out shall be on every Tuesday or any 4 days/dates chosen by the customer.

    Incorrect

    Sweep-out shall be on every Tuesday or any 4 days/dates chosen by the customer.

    Unattempted

    Sweep-out shall be on every Tuesday or any 4 days/dates chosen by the customer.

  38. Question 38 of 50
    38. Question

    What is the default period of FFD under the sweep facility?

    Correct

    The default period of FFD is 179 days.

    Incorrect

    The default period of FFD is 179 days.

    Unattempted

    The default period of FFD is 179 days.

  39. Question 39 of 50
    39. Question

    What concession is available on locker rent in the first year for a small locker?

    Correct

    A 50% concession is available in the first year for a small locker.

    Incorrect

    A 50% concession is available in the first year for a small locker.

    Unattempted

    A 50% concession is available in the first year for a small locker.

  40. Question 40 of 50
    40. Question

    How many cheque leaves are free per year?

    Correct

    The scheme provides 100 free cheque leaves per year.

    Incorrect

    The scheme provides 100 free cheque leaves per year.

    Unattempted

    The scheme provides 100 free cheque leaves per year.

  41. Question 41 of 50
    41. Question

    What are the online RTGS/NEFT charges?

    Correct

    Online RTGS/NEFT charges are NIL.

    Incorrect

    Online RTGS/NEFT charges are NIL.

    Unattempted

    Online RTGS/NEFT charges are NIL.

  42. Question 42 of 50
    42. Question

    How many branch RTGS/NEFT transactions are available each month?

    Correct

    The scheme provides 1 each per month for branch RTGS/NEFT.

    Incorrect

    The scheme provides 1 each per month for branch RTGS/NEFT.

    Unattempted

    The scheme provides 1 each per month for branch RTGS/NEFT.

  43. Question 43 of 50
    43. Question

    What is the demand draft issuance benefit?

    Correct

    Unlimited drafts are free up to the amount of ₹1 lakh through the respective account.

    Incorrect

    Unlimited drafts are free up to the amount of ₹1 lakh through the respective account.

    Unattempted

    Unlimited drafts are free up to the amount of ₹1 lakh through the respective account.

  44. Question 44 of 50
    44. Question

    What concession is available on upfront and documentation charges in specified retail loans?

    Correct

    A 25% concession is available on upfront and documentation charges in the specified retail loans.

    Incorrect

    A 25% concession is available on upfront and documentation charges in the specified retail loans.

    Unattempted

    A 25% concession is available on upfront and documentation charges in the specified retail loans.

  45. Question 45 of 50
    45. Question

    What discount is available on Demat Accounts Fee for the first year?

    Correct

    A 25% discount is available for the first year.

    Incorrect

    A 25% discount is available for the first year.

    Unattempted

    A 25% discount is available for the first year.

  46. Question 46 of 50
    46. Question

    Is nomination facility allowed under the Pearl Savings Account?

    Correct

    Nomination facility is allowed.

    Incorrect

    Nomination facility is allowed.

    Unattempted

    Nomination facility is allowed.

  47. Question 47 of 50
    47. Question

    What concession is provided on processing fee and documentation charges for housing, vehicle and personal loans?

    Correct

    A 25% concession is provided on processing fee and documentation charges for these loans.

    Incorrect

    A 25% concession is provided on processing fee and documentation charges for these loans.

    Unattempted

    A 25% concession is provided on processing fee and documentation charges for these loans.

  48. Question 48 of 50
    48. Question

    What happens if the required MAB is not maintained?

    Correct

    No charges are levied for non-maintenance, but scheme-related freebies and concessions are withdrawn.

    Incorrect

    No charges are levied for non-maintenance, but scheme-related freebies and concessions are withdrawn.

    Unattempted

    No charges are levied for non-maintenance, but scheme-related freebies and concessions are withdrawn.

  49. Question 49 of 50
    49. Question

    Which retail loans are covered under the 25% waiver in upfront and documentation charges?

    Correct

    The stated 25% waiver applies to Housing Loan, Vehicle Loan, Personal Loan, Gold Loan and Education Loan.

    Incorrect

    The stated 25% waiver applies to Housing Loan, Vehicle Loan, Personal Loan, Gold Loan and Education Loan.

    Unattempted

    The stated 25% waiver applies to Housing Loan, Vehicle Loan, Personal Loan, Gold Loan and Education Loan.

  50. Question 50 of 50
    50. Question

    What happens if the required MAB is not maintained in the Pearl Savings Account?

    Correct

    No charges are levied for non-maintenance of MAB, but scheme-related freebies and concessions are withdrawn.

    Incorrect

    No charges are levied for non-maintenance of MAB, but scheme-related freebies and concessions are withdrawn.

    Unattempted

    No charges are levied for non-maintenance of MAB, but scheme-related freebies and concessions are withdrawn.


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