PNB MIBOR Linked Notice Deposit Scheme

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Question 1 of 20

1. Question
What is the objective of the PNB MIBOR Linked Notice Deposit Scheme?
- Provide fixed interest
- Offer market-linked returns based on NSE Overnight MIBOR
- Provide tax-free income
- Offer equity investment
Correct

The scheme offers market-linked returns based on NSE Overnight MIBOR.

Incorrect

The scheme offers market-linked returns based on NSE Overnight MIBOR.

Unattempted

The scheme offers market-linked returns based on NSE Overnight MIBOR.
Question 2 of 20

2. Question
Where is the scheme available?
- CBS branches in Metro Cities
- All rural branches
- All branches in India
- Only foreign branches
Correct

The scheme is available only at CBS branches in Metro Cities.

Incorrect

The scheme is available only at CBS branches in Metro Cities.

Unattempted

The scheme is available only at CBS branches in Metro Cities.
Question 3 of 20

3. Question
Who is eligible to open the scheme?
- Only individuals
- Only NRIs
- HNIs, Companies, PSUs and Commercial Organizations
- Only Government departments
Correct

The scheme is available for HNIs, companies, PSUs and commercial organizations.

Incorrect

The scheme is available for HNIs, companies, PSUs and commercial organizations.

Unattempted

The scheme is available for HNIs, companies, PSUs and commercial organizations.
Question 4 of 20

4. Question
What is the minimum deposit amount?
- ₹5 crore
- ₹10 crore
- ₹1 crore
- Above ₹10 crore
Correct

Minimum deposit is above ₹10 crore.

Incorrect

Minimum deposit is above ₹10 crore.

Unattempted

Minimum deposit is above ₹10 crore.
Question 5 of 20

5. Question
What is the minimum deposit tenure?
- 7 days
- 14 days
- 30 days
- 60 days
Correct

Minimum tenure is 7 days.

Incorrect

Minimum tenure is 7 days.

Unattempted

Minimum tenure is 7 days.
Question 6 of 20

6. Question
What is the maximum deposit tenure?
- 30 days
- 60 days
- 90 days
- 120 days
Correct

Maximum tenure is 60 days.

Incorrect

Maximum tenure is 60 days.

Unattempted

Maximum tenure is 60 days.
Question 7 of 20

7. Question
Interest under the scheme is linked to which benchmark?
- Repo Rate
- MSF Rate
- NSE Overnight MIBOR
- Bank Rate
Correct

Interest is linked to NSE Overnight MIBOR.

Incorrect

Interest is linked to NSE Overnight MIBOR.

Unattempted

Interest is linked to NSE Overnight MIBOR.
Question 8 of 20

8. Question
How is interest calculated?
- Quarterly compounding
- Monthly compounding
- Annual compounding
- Daily reset on simple interest basis
Correct

Interest is calculated with daily reset on a simple interest basis.

Incorrect

Interest is calculated with daily reset on a simple interest basis.

Unattempted

Interest is calculated with daily reset on a simple interest basis.
Question 9 of 20

9. Question
Who determines the daily spread over MIBOR?
- RBI
- Head Office – Treasury Division
- Branch Manager
- ALCO
Correct

The Treasury Division announces the daily spread.

Incorrect

The Treasury Division announces the daily spread.

Unattempted

The Treasury Division announces the daily spread.
Question 10 of 20

10. Question
At what time is NSE MIBOR fixed daily?
- 10:00 A.M.
- 9:00 A.M.
- 11:00 A.M.
- 12:00 Noon
Correct

NSE MIBOR is fixed daily at 10:00 A.M.

Incorrect

NSE MIBOR is fixed daily at 10:00 A.M.

Unattempted

NSE MIBOR is fixed daily at 10:00 A.M.
Question 11 of 20

11. Question
Are deposits accepted on Reporting Fridays?
- Yes
- Only above ₹20 crore
- No
- Only with approval
Correct

No deposits are accepted on Reporting Fridays.

Incorrect

No deposits are accepted on Reporting Fridays.

Unattempted

No deposits are accepted on Reporting Fridays.
Question 12 of 20

12. Question
Is any penalty charged for premature withdrawal?
- Yes
- No
- Only after 30 days
- Only for companies
Correct

No penalty is charged for premature or partial withdrawal.

Incorrect

No penalty is charged for premature or partial withdrawal.

Unattempted

No penalty is charged for premature or partial withdrawal.
Question 13 of 20

13. Question
How much notice is required before withdrawal?
- No notice
- Two working days
- One calendar day
- One clear working day
Correct

One clear working day‘s notice is required.

Incorrect

One clear working day‘s notice is required.

Unattempted

One clear working day‘s notice is required.
Question 14 of 20

14. Question
What does the FDR mention?
- Prevailing MIBOR-linked interest rate
- Guaranteed maturity value
- Fixed annual return
- Penalty clause
Correct

The FDR mentions the prevailing MIBOR-linked interest rate at opening.

Incorrect

The FDR mentions the prevailing MIBOR-linked interest rate at opening.

Unattempted

The FDR mentions the prevailing MIBOR-linked interest rate at opening.
Question 15 of 20

15. Question
What does the FDR state about maturity value?
- Fixed amount
- Quarterly compounding
- Calculated using daily applicable interest
- Monthly reset
Correct

Maturity value is calculated based on daily applicable interest.

Incorrect

Maturity value is calculated based on daily applicable interest.

Unattempted

Maturity value is calculated based on daily applicable interest.
Question 16 of 20

16. Question
What happens if no maturity instructions are given?
- Deposit is closed
- Automatically renewed for 14 days
- Transferred to savings account
- Renewed for 1 year
Correct

The deposit is automatically renewed for 14 days.

Incorrect

The deposit is automatically renewed for 14 days.

Unattempted

The deposit is automatically renewed for 14 days.
Question 17 of 20

17. Question
Can the customer request a different renewal period?
- Yes, within scheme tenure limits
- No
- Only 14 days
- Only 60 days
Correct

Yes, subject to minimum and maximum tenure limits.

Incorrect

Yes, subject to minimum and maximum tenure limits.

Unattempted

Yes, subject to minimum and maximum tenure limits.
Question 18 of 20

18. Question
Is Demand Loan or Overdraft available?
- Only overdraft
- Only demand loan
- Available above ₹20 crore
- Neither facility is available
Correct

No loan or overdraft facility is available.

Incorrect

No loan or overdraft facility is available.

Unattempted

No loan or overdraft facility is available.
Question 19 of 20

19. Question
TDS is deducted as per whose instructions?
- Treasury Division
- Head Office – Finance Division
- RBI
- ALCO
Correct

TDS follows Head Office – Finance Division instructions and tax mandate.

Incorrect

TDS follows Head Office – Finance Division instructions and tax mandate.

Unattempted

TDS follows Head Office – Finance Division instructions and tax mandate.
Question 20 of 20

20. Question
Operational guidance for the scheme should be obtained from?
- Branch Manager
- Circle Office
- Head Office – RBD and Treasury Division
- RBI
Correct

Clarifications are provided only by Head Office – RBD and Treasury Division.

Incorrect

Clarifications are provided only by Head Office – RBD and Treasury Division.

Unattempted

Clarifications are provided only by Head Office – RBD and Treasury Division.