11. What happens to nomination after transferring a deposit?
(A) Remains valid
(B) It is cancelled
(C) It is updated
(D) Shared across accounts
The correct answer is: It is cancelled
12. Who maintains the Schedule of Government Savings Schemes?
(A) RBI
(B) Economic Affairs Dept.
(C) Central Government
(D) State Governments
The correct answer is: Central Government
13. Under this Act, who defines “Banking Company”?
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