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NO. OF QUESTION= 30
TOTAL TIME= 30 MIN
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Your results are here!! for" PNB Escrow / RERA Account Scheme "
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Question 1 of 30
1. Question
What is the purpose of the PNB Escrow/RERA Account Scheme?
Correct
Current Account for RERA projects.
Incorrect
Current Account for RERA projects.
Unattempted
Current Account for RERA projects.
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Question 2 of 30
2. Question
Who is eligible for the scheme?
Correct
Residential and commercial real estate projects registered/proposed under RERA are eligible.
Incorrect
Residential and commercial real estate projects registered/proposed under RERA are eligible.
Unattempted
Residential and commercial real estate projects registered/proposed under RERA are eligible.
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Question 3 of 30
3. Question
Which account receives 100% of project collections?
Correct
Account I is the Collection Account.
Incorrect
Account I is the Collection Account.
Unattempted
Account I is the Collection Account.
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Question 4 of 30
4. Question
What is Account II called?
Correct
Account II is the Remittance Account.
Incorrect
Account II is the Remittance Account.
Unattempted
Account II is the Remittance Account.
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Question 5 of 30
5. Question
What percentage is transferred to Account II?
Correct
70% goes to Account II.
Incorrect
70% goes to Account II.
Unattempted
70% goes to Account II.
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Question 6 of 30
6. Question
What percentage is transferred to Account III?
Correct
30% goes to Account III.
Incorrect
30% goes to Account III.
Unattempted
30% goes to Account III.
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Question 7 of 30
7. Question
What is the balance of Account I after EOD transfer?
Correct
Balance becomes zero after transfer.
Incorrect
Balance becomes zero after transfer.
Unattempted
Balance becomes zero after transfer.
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Question 8 of 30
8. Question
Which account is the designated RERA account?
Correct
Account II is registered with RERA.
Incorrect
Account II is registered with RERA.
Unattempted
Account II is registered with RERA.
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Question 9 of 30
9. Question
What is Account III used for?
Correct
Operative account for day-to-day operations.
Incorrect
Operative account for day-to-day operations.
Unattempted
Operative account for day-to-day operations.
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Question 10 of 30
10. Question
What is the MAB for Account I?
Correct
No MAB required.
Incorrect
No MAB required.
Unattempted
No MAB required.
-
Question 11 of 30
11. Question
What is the MAB for Account II?
Correct
No MAB required.
Incorrect
No MAB required.
Unattempted
No MAB required.
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Question 12 of 30
12. Question
Where is Sweep Facility available?
Correct
Only in Account II if permitted by State RERA.
Incorrect
Only in Account II if permitted by State RERA.
Unattempted
Only in Account II if permitted by State RERA.
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Question 13 of 30
13. Question
What is the sweep threshold?
Correct
Threshold is ₹2,00,000.
Incorrect
Threshold is ₹2,00,000.
Unattempted
Threshold is ₹2,00,000.
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Question 14 of 30
14. Question
Sweep amount is in multiples of?
Correct
Multiples of ₹1,00,000.
Incorrect
Multiples of ₹1,00,000.
Unattempted
Multiples of ₹1,00,000.
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Question 15 of 30
15. Question
Maximum sweep tenure?
Correct
7 to 179 days.
Incorrect
7 to 179 days.
Unattempted
7 to 179 days.
-
Question 16 of 30
16. Question
Sweep is scheduled on which dates?
Correct
5th and 25th.
Incorrect
5th and 25th.
Unattempted
5th and 25th.
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Question 17 of 30
17. Question
Cheque book allowed in Account I?
Correct
Cheque book not allowed.
Incorrect
Cheque book not allowed.
Unattempted
Cheque book not allowed.
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Question 18 of 30
18. Question
Debit card allowed in Account II?
Correct
Debit card not allowed.
Incorrect
Debit card not allowed.
Unattempted
Debit card not allowed.
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Question 19 of 30
19. Question
Internet banking in Account I?
Correct
View only facility.
Incorrect
View only facility.
Unattempted
View only facility.
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Question 20 of 30
20. Question
Withdrawal from Account II is permitted for?
Correct
Only project cost as per RERA.
Incorrect
Only project cost as per RERA.
Unattempted
Only project cost as per RERA.
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Question 21 of 30
21. Question
Which professionals certify withdrawals?
Correct
Engineer, Architect and CA certify.
Incorrect
Engineer, Architect and CA certify.
Unattempted
Engineer, Architect and CA certify.
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Question 22 of 30
22. Question
Which document confirms genuineness of certificates?
Correct
Withdrawal Form-cum-Undertaking.
Incorrect
Withdrawal Form-cum-Undertaking.
Unattempted
Withdrawal Form-cum-Undertaking.
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Question 23 of 30
23. Question
When can Account I & II be closed?
Correct
After project completion.
Incorrect
After project completion.
Unattempted
After project completion.
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Question 24 of 30
24. Question
Closure charges for Account I?
Correct
Nil.
Incorrect
Nil.
Unattempted
Nil.
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Question 25 of 30
25. Question
What must every Director possess?
Correct
Director Identification Number.
Incorrect
Director Identification Number.
Unattempted
Director Identification Number.
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Question 26 of 30
26. Question
Who must inform changes in professionals?
Correct
Promoter must inform immediately.
Incorrect
Promoter must inform immediately.
Unattempted
Promoter must inform immediately.
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Question 27 of 30
27. Question
What is transferred to Account III after completion?
Correct
Balance of Account II.
Incorrect
Balance of Account II.
Unattempted
Balance of Account II.
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Question 28 of 30
28. Question
What alert is sent before project end date?
Correct
SMS alert one month before.
Incorrect
SMS alert one month before.
Unattempted
SMS alert one month before.
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Question 29 of 30
29. Question
How long before project end is SMS sent?
Correct
One month before.
Incorrect
One month before.
Unattempted
One month before.
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Question 30 of 30
30. Question
PMLA compliance requires?
Correct
Capture statutory info and BO guidelines.
Incorrect
Capture statutory info and BO guidelines.
Unattempted
Capture statutory info and BO guidelines.