Hello Aspirants,
Welcome to Banking Awareness Quiz in AffairsCloud.com. Here we are creating quiz covering important questions which are common for all the bank exams and other competitive exams.
- The Deposits shall be held at the credit of the declarant in BLA maintained with ________
A. GOI
B. RBI
C. NABARD
D. SEBI
E. None of these
Answer & Explanation
B. RBI
Explanation:
The Deposits shall be held at the credit of the declarant in BLA maintained with RBI. - What is the interest rate of Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS)?
A. 6%
B. 4%
C. 5%
D. 3%
E. No Interest
Answer & Explanation
E. No Interest
Explanation:
No interest in Pradhan Mantri Garib Kalyan Deposit Scheme(PMGKDS) - In, Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), the repayment of the deposit will be made after a period of _____
A. 2 years
B. 3 years
C. 4 years
D. 5 years
E. None of these
Answer & Explanation
C. 4 years
Explanation:
The repayment of the deposit will be made after a period of 4 years. - Nomination facility is available as per the provisions of the Government Securities Act 2006 and ___________
A. Government Securities Regulations, 2007
B. Government Securities Regulations, 2006
C. Government Securities Regulations, 2005
D. Government Securities Regulations, 2004
E. None of these
Answer & Explanation
A. Government Securities Regulations, 2007
Explanation:
Nomination facility is available as per the provisions of the Government Securities Act 2006 and Government Securities Regulations, 2007. - BLA stands for ______
A. Bond Ledger Account
B. Bond Lending Account
C. Basic Ledger Account
D. Basic Lending Account
E. None of these
Answer & Explanation
A. Bond Ledger Account
Explanation:
BLA – Bond Ledger Account - Sovereign Gold Bond (SGB) are sold through __________ either directly or through their agents.
A. Scheduled Commercial Banks(excluding RRBs)
B. SHCIL Offices
C. Designated Post Offices
D. All of these
E. None of these
Answer & Explanation
D. All of these
Explanation:
Sovereign Gold Bond (SGB) are sold through Scheduled Commercial Banks(excluding RRBs), SHCIL Offices and Designated Post Offices either directly or through their agents. - SGBs bear interest at the rate of ______ per annum on the amount of initial investment.
A. 1.75%
B. 1.25%
C. 1.50%
D. 2.75%
E. None of these
Answer & Explanation
D. 2.75%
Explanation:
SGBs bear interest at the rate of 2.75% per annum on the amount of initial investment. - SGB Bonds are issued in denominations of _____ gram of gold.
A. One
B. Two
C. Three
D. Four
E. All of these
Answer & Explanation
A. One
Explanation:
SGB Bonds are issued in denominations of one gram of gold. - In SGB Bonds Payment can be made through cash up to ______
A. Rs. 5000
B. Rs. 10000
C. Rs. 20000
D. Rs. 25000
E. None of these
Answer & Explanation
C. Rs. 20000
Explanation:
Payment can be made through cash up to Rs. 20000. - Sovereign Gold Bonds can be held in ______ account.
A. Current Account
B. SB Account
C. Term Deposits
D. Demat
E. None of these
Answer & Explanation
D. Demat
Explanation:
Sovereign Gold Bonds can be held in Demat account.
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