21.In a joint account, if one holder dies, the account:
A. Is closed automatically
B. Passes to surviving holder(s)
C. Converted to minor account
D. Reverts to guardian
The correct answer is: B
22.Under what conditions is full maturity amount paid to nominee on death?
A. If account is of ₹500 denomination
B. If revival fee is unpaid
C. If account is active for 2 years and other conditions met
D. Always
The correct answer is: C
23.What is the minimum period the RD account must be active for protected savings benefit?
A. 6 months
B. 1 year
C. 2 years
D. 3 years
The correct answer is: C
24.Protected savings clause does not apply if:
A. No defaults occurred
B. Loan was taken in first 24 months
C. Account is in single name
D. Nominee is minor
The correct answer is: B
25. After how many months of regular deposits can a loan be availed?
A. 6
B. 12
C. 18
D. 24
The correct answer is: B
