Banking Awareness Quiz : Set – 42
Q.1) what is BSBDA?
a) Base saving bank deposit account
b) Basic saving bank deposit account
c) Basic saving bank deposit act
d) Base saving bank deposit act
e) None of these
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Ans : b
BSBDA is a basic bank account that does not require an initial deposit to start the account. There are no minimum balance maintenance requirements for this account.
Q.2) Who is eligible to open the BSBDA account?
a) Individual
b) HUF
c) Entrepreneur
d) Both a and b
e) None of these
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Ans : d
BSBDA is a savings account that can be opened by any individual or HUF (Hindu Undivided Family) who has no savings bank account in that bank.
Q.3) What is the minimum balance require to start the account?
a) Rs.1000
b) Rs.500
c) Rs.2000
d) Rs.100
e) No need initial deposit
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Ans : e
BSBDA is a basic bank account that does not require an initial deposit to start the account. There are no minimum balance maintenance requirements for this account.
Q.4) How many days required to be close saving bank account from the date of opening Basic Saving Bank Deposit Account?
a) 45days
b) 60 days
c) 15 days
d) 30 days
e) None of these
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Ans : d
If a customer has any other existing savings bank account, it will be required to be closed within 30 days from the date of opening a Basic Savings Bank Deposit Account.
Q.5) How many free cash withdrawal per month allowed in the BSBDA account holder?
a) one
b) two
c) three
d) four
e) five
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Ans : d
BSBDA account holders are allowed four free cash withdrawals in a month, balance enquiry through ATM is free for any number of times.
Q.6) what is the limits to deposit money in the BSBDA account?
a) One
b) two
c) three
d) four
e) No such a limit.
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Ans : e
Their is no limit for deposit of money in a month but withdrawal is limited to four including ATM withdrawal.
Q.7) What is the maximum balance should not exceed in the account?
a) Rs.10000
b) Rs.1000
c) Rs.25000
d) Rs.50000
e) Rs.5000
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Ans : d
Maximum balance in the account should not exceed fifty thousand rupees at any time.
Q.8) what is the maximum limit of cash withdrawals in the account per month?
a) Rs.50000
b) Rs.5000
c) Rs.1000
d) Rs.10000
e) None of these
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Ans : d
The total of debits by way of cash withdrawals and transfers will not exceed ten thousand rupees in a month.
Q.9) BSBDA account can be open in —–?
a) Commercial banks
b) Private banks
c) Scheduled banks
d) Foreign banks
e) both a and d
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Ans : e
BSBDAs can be opened in any commercial banks and also in foreign banks.Opening these accounts is a part of Financial Inclusion.
