Banking awareness quiz 60 (On NRI Accounts)

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Q 1) Which of the following type of account not opened for NRI's of india by banks ?

FCNR(B) Account

NRO Account

NRE Account

NRI Account

Q 2) NRO accounts may be opened / maintained in the form of current, savings, recurring or fixed deposit accounts for the income earned in india by the NRI's , What is the full form of NRO account ?

Non-Resident Ordinary Rupee account

Non-Resident Order Rupee account

Non-Residual Ordinary Rupee account

Non-Residing Ordinary Rate account

Q 3) What is the maximum remittance / transfers per financial year can be done through NRO accounts ?

USD 10 Million

RS 1 Million

USD 1 Million

Rs 10 Million

Q 4) NRE accounts may be opened / maintained in the form of current, savings, recurring or fixed deposit accounts for the income earned in Foreign countries by the NRI's , What is the full form of NRE account ?

Non-Residual External Rupee account

Non-Resident Exta Rupee account

Non-Resident External Rupee account

Non-Resident External Rate account

Q 5) DTAA is a bilateral economic agreement between two nations that aims to avoid or eliminate double taxation of the same income in two countries , What is the fullform of DTAA ?

Double Taxation Avaliable Agreements

Divert Taxation Avoidance Agreements

Dual Taxation Avoidance Agreements

Double Taxation Avoidance Agreements

Q 6) Which of the following account/accounts can not be taxable in india opened by NRI ?

A. NRE Account

B. FCNR (B) Account

C. NRO Account

D. Both A & B

Q 7) Which of the following account/accounts can be maintained in indian rupees by NRIs ?

A. NRE Account

C. NRO Account

B. FCNR (B) Account

D. Both A & B

Q 8) FCNR (B) account can be opened and maintained in foreign currency by NRI's , what is the fullform of FCNR(B) Account?

Fixed capital Non resident (Bank) Accounts

Foreign currency Non resident (Bank) Accounts

Fixed currency Non resident (Bank) Accounts

Foreign Capital Non resident (Bank) Accounts

Q 9) FCNR (B) account can be opened by NRI's in the form of fixed deposits only , What is the minimum and maximum term ?

1 Year and 3 Years

7 Days and 10 Years

15 Days and 10 Years

1 Year and 5 Years

Q 10) Interest rates on FCNR(B) deposits in india regulated by RBI based on LIBOR , What is the fullform of LIBOR ?

London Intra Bank Offered Rate

London Inter Bank Offical Rate

London International Bank Offered Rate

London Inter Bank Offered Rate

Take More Banking Awareness Quizzes from below

• Banking awareness quiz 59(On ATM's)
• Banking awareness quiz 58(On KYC)
• Banking awareness quiz 57(On Bank Accounts - 2)
• Banking awareness quiz 56(On Bank Accounts)
• Banking awareness quiz 55(On previously asked questions - 6)

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