Banking Awareness MCQ Quiz - Multiple Choice Questions & Answers Page 5

41. Maximum tenure of Fixed Deposit is

1. 5 years
2. 7 years
3. 8 years
4. 10 years

42. MGNREGS stands for

1. Mahatma Gandhi National Rural Employment Generation Scheme
2. Mahatma Gandhi Nutrition & Rural Employment Generation Scheme
3. Mahatma Gandhi National Rural Employment Guarantee Scheme
4. None of above

43. Minimum age required to open SB account in the bank

1. 8 years
2. 10 years
3. 12 years
4. None of above

44. Mutilated notes

1. should be burnt away
2. should be thrown away
3. can be exchanged at Bank
4. None of above

45. Nomination can be done in

1. Savings Bank account
2. Recurring Deposit account
3. Fixed Deposit account
4. All of above

46. Nomination once done can

1. Not be cancelled
2. Be cancelled
3. Not be changed
4. None of above

47. NRI means

1. Non Rural Individuals
2. Non Rural Immigrants
3. Non Resident Indian
4. None of above

48. PAN means

1. A kind of utensil
2. Primary Account Number
3. Permanent Account Number
4. None of above

49. PAN number is required for

1. Deposits less than Rs.50,000/-
2. Deposits in excess of Rs.1 lac
3. Deposits Rs.50,000/- & above
4. All transactions

50. Payment of cheque can be stopped by

1. Beneficiary
2. Nominee
3. Drawer of cheque
4. All of above