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TOTAL TIME= 20 MIN
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Your results are here!! for" PNB Floating Rate Fixed Deposit Scheme "
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Question 1 of 20
1. Question
Who can open a PNB Floating Rate Fixed Deposit Scheme account?
Correct
The scheme is available to individuals, firms, companies, HUFs, trusts, institutions and other eligible entities.
Incorrect
The scheme is available to individuals, firms, companies, HUFs, trusts, institutions and other eligible entities.
Unattempted
The scheme is available to individuals, firms, companies, HUFs, trusts, institutions and other eligible entities.
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Question 2 of 20
2. Question
What is the minimum deposit amount?
Correct
The minimum deposit amount is ₹1,000.
Incorrect
The minimum deposit amount is ₹1,000.
Unattempted
The minimum deposit amount is ₹1,000.
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Question 3 of 20
3. Question
Deposits above which amount require prior Head Office approval?
Correct
Deposits above ₹10 crore require prior approval from Head Office – Treasury Division.
Incorrect
Deposits above ₹10 crore require prior approval from Head Office – Treasury Division.
Unattempted
Deposits above ₹10 crore require prior approval from Head Office – Treasury Division.
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Question 4 of 20
4. Question
What is the minimum deposit tenure?
Correct
The minimum tenure is 7 days.
Incorrect
The minimum tenure is 7 days.
Unattempted
The minimum tenure is 7 days.
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Question 5 of 20
5. Question
What is the maximum deposit tenure?
Correct
The maximum tenure is 10 years.
Incorrect
The maximum tenure is 10 years.
Unattempted
The maximum tenure is 10 years.
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Question 6 of 20
6. Question
What type of interest rate is offered under this scheme?
Correct
The scheme offers a floating rate of interest.
Incorrect
The scheme offers a floating rate of interest.
Unattempted
The scheme offers a floating rate of interest.
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Question 7 of 20
7. Question
Can the maturity value be predetermined at account opening?
Correct
No, because the interest rate may change during the tenure.
Incorrect
No, because the interest rate may change during the tenure.
Unattempted
No, because the interest rate may change during the tenure.
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Question 8 of 20
8. Question
What does the Confirmation of Deposit show?
Correct
It shows the interest rate and maturity value applicable on the opening date.
Incorrect
It shows the interest rate and maturity value applicable on the opening date.
Unattempted
It shows the interest rate and maturity value applicable on the opening date.
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Question 9 of 20
9. Question
What is the minimum FD amount required for an overdraft facility?
Correct
Overdraft is available only if the FD amount is ₹10,000 or above.
Incorrect
Overdraft is available only if the FD amount is ₹10,000 or above.
Unattempted
Overdraft is available only if the FD amount is ₹10,000 or above.
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Question 10 of 20
10. Question
How can a loan or overdraft be availed?
Correct
It is available on written request after prescribed formalities.
Incorrect
It is available on written request after prescribed formalities.
Unattempted
It is available on written request after prescribed formalities.
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Question 11 of 20
11. Question
What may happen to outstanding loan liability on FD maturity?
Correct
Outstanding loan or overdraft may be adjusted from maturity proceeds.
Incorrect
Outstanding loan or overdraft may be adjusted from maturity proceeds.
Unattempted
Outstanding loan or overdraft may be adjusted from maturity proceeds.
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Question 12 of 20
12. Question
Who cannot avail the overdraft facility?
Correct
Illiterate and visually impaired account holders are not eligible for overdraft.
Incorrect
Illiterate and visually impaired account holders are not eligible for overdraft.
Unattempted
Illiterate and visually impaired account holders are not eligible for overdraft.
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Question 13 of 20
13. Question
For deposits up to ₹10 crore held up to 5 years, premature interest is reduced by?
Correct
Interest is the effective floating rate minus 1%.
Incorrect
Interest is the effective floating rate minus 1%.
Unattempted
Interest is the effective floating rate minus 1%.
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Question 14 of 20
14. Question
For deposits up to ₹10 crore held for more than 5 years, premature interest is reduced by?
Correct
Interest is the effective floating rate minus 0.50%.
Incorrect
Interest is the effective floating rate minus 0.50%.
Unattempted
Interest is the effective floating rate minus 0.50%.
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Question 15 of 20
15. Question
For deposits above ₹10 crore, what happens on premature closure?
Correct
Effective floating rate is paid without reduction or penalty.
Incorrect
Effective floating rate is paid without reduction or penalty.
Unattempted
Effective floating rate is paid without reduction or penalty.
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Question 16 of 20
16. Question
Are DRI Fixed Deposits permitted under this scheme?
Correct
DRI Fixed Deposits are not allowed.
Incorrect
DRI Fixed Deposits are not allowed.
Unattempted
DRI Fixed Deposits are not allowed.
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Question 17 of 20
17. Question
Who is exempt from penal interest on premature withdrawal?
Correct
Staff, senior citizens and death cases are exempt.
Incorrect
Staff, senior citizens and death cases are exempt.
Unattempted
Staff, senior citizens and death cases are exempt.
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Question 18 of 20
18. Question
Can minors aged 10 years open the account in their own name?
Correct
Yes, with proof of age.
Incorrect
Yes, with proof of age.
Unattempted
Yes, with proof of age.
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Question 19 of 20
19. Question
Which division approves deposits above ₹10 crore?
Correct
Approval is given by Head Office – Treasury Division.
Incorrect
Approval is given by Head Office – Treasury Division.
Unattempted
Approval is given by Head Office – Treasury Division.
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Question 20 of 20
20. Question
Why is the final maturity value uncertain?
Correct
Because the floating interest rate may change during the deposit tenure.
Incorrect
Because the floating interest rate may change during the deposit tenure.
Unattempted
Because the floating interest rate may change during the deposit tenure.