Question
The Reserve Bank of India (RBI) has asked banks not to
classify zero balance accounts, which are opened for the beneficiaries of government schemes like direct benefit transfer (CBS).Which of the following statements is/are TRUE with respect to the information provided above ? I. An account that has not been operated for two years is classified as inoperative. The customers have to submit KYC documents afresh for reactivating the account. II. Deposits maintained in any account, which have not been operated upon for 10 years or more, or any amount remaining unclaimed for 10 years or more, are required to be transferred by banks to the ‘Depositor Education and Awareness Fund Scheme’, which is maintained by the RBI. III. For the purpose of classifying an account as ‘inoperative’, both customer-induced transactions and bank-induced transactions should be considered. IV. The revised instructions will come into effect from April 1, 2024.Solution
The Reserve Bank of India (RBI) has asked banks not to classify zero balance accounts, which are opened for the beneficiaries of government schemes like direct benefit transfer (CBS), even if there is no activity in the account for two years. An account that has not been operated for two years is classified as inoperative. The RBI said customers have to submit KYC documents afresh for reactivating the account. Deposits maintained in any account, which have not been operated upon for 10 years or more, or any amount remaining unclaimed for 10 years or more, are required to be transferred by banks to the ‘Depositor Education and Awareness Fund Scheme’, which is maintained by the RBI. For the purpose of classifying an account as ‘inoperative’, only customer-induced transactions and not bank-induced transactions should be considered. The revised instructions will come into effect from April 1, 2024.
Select the option that is related to the third word in the same way as the second word is related to the first word.
Depression : Mood :: Insomnia : ?
Four number-pairs have been given, out of which three are alike in some manner and one is different. Select the number-pair that is different.
...Find which one of the given words cannot be made from the letters of the given word.
‘ BREAKTHROUGH ’
...Find which one of the given words can be made from the letters of the given word.
‘ DEHRADUN ’
...Find which one word cannot be formed from the given letters of the word.
‘ HAPPINESS ’
...Select the word which cannot be formed using the letters of the given word, using the letters of the given word only once.
RECONSTITUTION
Select the word which cannot be formed using the letters of the given word using the letters only once.
GYMNASTIC
Which among the following words cannot be formed using the letters of the given word only once?
CONSIDERATE
Which among the following word cannot be formed using the letters of the given word only once?
APPOINTMENT
Statement:
Some Cream are Lotion.
No Lotion is Oil.
No Cream is Shampoo.
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