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Question 1 of 10
1. Question
What is the primary purpose of a Small Account?
Correct
A Small Account provides basic banking services to individuals who do not have the documents required for full KYC.
Incorrect
A Small Account provides basic banking services to individuals who do not have the documents required for full KYC.
Unattempted
A Small Account provides basic banking services to individuals who do not have the documents required for full KYC.
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Question 2 of 10
2. Question
Which of the following is required to open a Small Account according to the given material?
Correct
A Small Account can be opened using a self-attested photograph and a signature or thumbprint.
Incorrect
A Small Account can be opened using a self-attested photograph and a signature or thumbprint.
Unattempted
A Small Account can be opened using a self-attested photograph and a signature or thumbprint.
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Question 3 of 10
3. Question
What is the maximum balance that can be maintained in a Small Account at any time?
Correct
The balance in a Small Account cannot exceed ₹50,000 at any time.
Incorrect
The balance in a Small Account cannot exceed ₹50,000 at any time.
Unattempted
The balance in a Small Account cannot exceed ₹50,000 at any time.
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Question 4 of 10
4. Question
What is the maximum total credit allowed in a Small Account in one year?
Correct
Total credits in a Small Account are capped at ₹1,00,000 per year.
Incorrect
Total credits in a Small Account are capped at ₹1,00,000 per year.
Unattempted
Total credits in a Small Account are capped at ₹1,00,000 per year.
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Question 5 of 10
5. Question
What is the maximum total debit or withdrawal allowed from a Small Account per month?
Correct
Total debits or withdrawals from a Small Account are limited to ₹10,000 per month.
Incorrect
Total debits or withdrawals from a Small Account are limited to ₹10,000 per month.
Unattempted
Total debits or withdrawals from a Small Account are limited to ₹10,000 per month.
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Question 6 of 10
6. Question
What is the initial validity period of a Small Account?
Correct
A Small Account is initially valid for 12 months.
Incorrect
A Small Account is initially valid for 12 months.
Unattempted
A Small Account is initially valid for 12 months.
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Question 7 of 10
7. Question
Under what condition can a Small Account be extended for another 12 months?
Correct
The account can be extended by another 12 months if the account holder provides proof of having applied for KYC documents.
Incorrect
The account can be extended by another 12 months if the account holder provides proof of having applied for KYC documents.
Unattempted
The account can be extended by another 12 months if the account holder provides proof of having applied for KYC documents.
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Question 8 of 10
8. Question
Which of the following is a basic banking service available through a Small Account?
Correct
Small Accounts allow basic services such as deposits, withdrawals, fund transfers, and balance inquiries.
Incorrect
Small Accounts allow basic services such as deposits, withdrawals, fund transfers, and balance inquiries.
Unattempted
Small Accounts allow basic services such as deposits, withdrawals, fund transfers, and balance inquiries.
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Question 9 of 10
9. Question
According to the given material, who can open a Small Account?
Correct
Any individual, including minors above the age of 10, can open a Small Account.
Incorrect
Any individual, including minors above the age of 10, can open a Small Account.
Unattempted
Any individual, including minors above the age of 10, can open a Small Account.
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Question 10 of 10
10. Question
How many Small Accounts can an individual hold in one bank?
Correct
The material states that an individual is allowed to hold only one Small Account in a bank.
Incorrect
The material states that an individual is allowed to hold only one Small Account in a bank.
Unattempted
The material states that an individual is allowed to hold only one Small Account in a bank.