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TOTAL QUESTION: 15
TOTAL TIME= 15 MIN
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Your results are here!! for" BSBDA Account: Basic Savings Bank Deposit Account "
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Question 1 of 15
1. Question
What is the primary purpose of a BSBDA account?
Correct
BSBDA accounts are designed to promote financial inclusion by providing basic banking services.
Incorrect
BSBDA accounts are designed to promote financial inclusion by providing basic banking services.
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BSBDA accounts are designed to promote financial inclusion by providing basic banking services.
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Question 2 of 15
2. Question
What minimum balance is required to be maintained in a BSBDA account?
Correct
A BSBDA account does not require the customer to maintain a minimum balance.
Incorrect
A BSBDA account does not require the customer to maintain a minimum balance.
Unattempted
A BSBDA account does not require the customer to maintain a minimum balance.
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Question 3 of 15
3. Question
Which earlier type of account was replaced by the BSBDA?
Correct
The BSBDA replaced the earlier concept of No-Frills Accounts.
Incorrect
The BSBDA replaced the earlier concept of No-Frills Accounts.
Unattempted
The BSBDA replaced the earlier concept of No-Frills Accounts.
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Question 4 of 15
4. Question
What is the maximum aggregate credit permitted in a BSBDA account during a financial year according to the given material?
Correct
The total credits in the account during a financial year are capped at ₹1,00,000.
Incorrect
The total credits in the account during a financial year are capped at ₹1,00,000.
Unattempted
The total credits in the account during a financial year are capped at ₹1,00,000.
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Question 5 of 15
5. Question
What is the maximum total withdrawal or debit permitted per month in a BSBDA account according to the given material?
Correct
The total withdrawals or debits are limited to ₹10,000 per month.
Incorrect
The total withdrawals or debits are limited to ₹10,000 per month.
Unattempted
The total withdrawals or debits are limited to ₹10,000 per month.
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Question 6 of 15
6. Question
What is the maximum balance that can be maintained in a BSBDA account at any given time?
Correct
The account balance cannot exceed ₹50,000 at any given time.
Incorrect
The account balance cannot exceed ₹50,000 at any given time.
Unattempted
The account balance cannot exceed ₹50,000 at any given time.
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Question 7 of 15
7. Question
Which facility allows BSBDA account holders to receive government subsidies and other benefits directly?
Correct
BSBDA accounts facilitate the receipt of direct benefits, subsidies, pensions, and other government payments.
Incorrect
BSBDA accounts facilitate the receipt of direct benefits, subsidies, pensions, and other government payments.
Unattempted
BSBDA accounts facilitate the receipt of direct benefits, subsidies, pensions, and other government payments.
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Question 8 of 15
8. Question
What type of card is typically issued free of charge to BSBDA account holders?
Correct
BSBDA account holders are typically issued a free ATM/Debit card.
Incorrect
BSBDA account holders are typically issued a free ATM/Debit card.
Unattempted
BSBDA account holders are typically issued a free ATM/Debit card.
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Question 9 of 15
9. Question
According to the given material, who can open a BSBDA account?
Correct
The material states that any individual, including minors above 10 years with a guardian, can open a BSBDA account.
Incorrect
The material states that any individual, including minors above 10 years with a guardian, can open a BSBDA account.
Unattempted
The material states that any individual, including minors above 10 years with a guardian, can open a BSBDA account.
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Question 10 of 15
10. Question
How many BSBDA accounts can an individual have in one bank according to the given material?
Correct
The material states that an individual can have only one BSBDA account in a bank.
Incorrect
The material states that an individual can have only one BSBDA account in a bank.
Unattempted
The material states that an individual can have only one BSBDA account in a bank.
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Question 11 of 15
11. Question
Which of the following is mentioned as a service that may not be available with a BSBDA account?
Correct
Advanced services such as loans, overdrafts, or foreign currency transactions may not be available.
Incorrect
Advanced services such as loans, overdrafts, or foreign currency transactions may not be available.
Unattempted
Advanced services such as loans, overdrafts, or foreign currency transactions may not be available.
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Question 12 of 15
12. Question
What should happen if a customer‘s requirements exceed the permitted BSBDA transaction limits?
Correct
If requirements exceed the permitted limits, the account must be converted to a regular savings account.
Incorrect
If requirements exceed the permitted limits, the account must be converted to a regular savings account.
Unattempted
If requirements exceed the permitted limits, the account must be converted to a regular savings account.
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Question 13 of 15
13. Question
What is the maximum balance allowed in a BSBDA Small Account at any time?
Correct
The BSBDA Small Account balance cannot exceed ₹50,000 at any time.
Incorrect
The BSBDA Small Account balance cannot exceed ₹50,000 at any time.
Unattempted
The BSBDA Small Account balance cannot exceed ₹50,000 at any time.
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Question 14 of 15
14. Question
For how long is a BSBDA Small Account initially valid according to the given material?
Correct
The BSBDA Small Account is valid for 12 months and can be extended to 24 months if KYC is completed.
Incorrect
The BSBDA Small Account is valid for 12 months and can be extended to 24 months if KYC is completed.
Unattempted
The BSBDA Small Account is valid for 12 months and can be extended to 24 months if KYC is completed.
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Question 15 of 15
15. Question
Up to what period can a BSBDA Small Account be extended if KYC is completed?
Correct
The account can be extended to 24 months if KYC is completed.
Incorrect
The account can be extended to 24 months if KYC is completed.
Unattempted
The account can be extended to 24 months if KYC is completed.