Question
Which of the following statement is incorrect with regard to Resident SB a/c opened jointly with NRI close relative?
Which of the following statement is incorrect with regard to Resident SB a/c opened jointly with NRI close relative?
A.Cheques favouring the NRI close relative can be credited to this a/c
B.Interest paid on such a/c is not subject to tax in India
C.A/c to be treated as resident bank a/c for all purposes
D.If NRI becomes survivor of such an a/c, a/c shd be categorized as NRO a/c
More Financial Management Questions
- In management, defining goals for company's future direction and determining on the missions and resources to achieve those targets, is termed as-
- How would you define the process of allocating a limited capital budget between different projects in a way that maximizes shareholder wealth?
- Which of the following is not a member of the Financial Stability and Development Council (FSDC) in India?
- Which of the following cannot act as a Pension Fund Manager?
- Which portal did the Prime Minister unveil under the Ministry of Social Justice & Empowerment?
- Shares in ABC Co have a beta of 0.8. The market is giving a return of 15% and the risk-free rate is 8% What will be ABC's cost of equity?
- How does inflation in a country affect its currency's exchange rate?
- Which type of goods are described as having perfectly inelastic demand?
- The structure of the banking system in India can be best described as:
- Which of the following would have the primary responsibility of understanding the risks run by the bank and ensuring that the risks are appropriately manag...
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)