11.If the interest payment date falls on a holiday, when is interest paid?
A. Next working day
B. Date remains unchanged
C. Previous working day
D. No interest paid
The correct answer is: C
12.How many times can a Time Deposit account be extended after maturity?
A. Once
B. Twice
C. Unlimited times
D. Not allowed
The correct answer is: B
13.When can the extension option be exercised by the account holder?
A. Only at account opening
B. Only before maturity
C. At opening or later
D. Only after maturity
The correct answer is: C
14.Can the selected extension option be revoked before maturity?
A. Yes
B. No
C. Only in 5-year accounts
D. Only if notified
The correct answer is: A
15. For a 1-year Time Deposit, extension must be opted within how many months from maturity?
A. 3 months
B. 6 months
C. 12 months
D. 18 months
The correct answer is: B
16. For a 2-year Time Deposit, what is the maximum period allowed to opt for extension after maturity?
A. 6 months
B. 12 months
C. 18 months
D. 24 months
The correct answer is: B
17.Within how many months from maturity can a 3-year Time Deposit be extended?
A. 6 months
B. 12 months
C. 18 months
D. 24 months
The correct answer is: C
18. A 5-year Time Deposit can be extended within:
A. 6 months
B. 12 months
C. 24 months
D. 18 months
The correct answer is: D
19. What rate is applicable to the extended period of a Time Deposit?
A. Rate on date of extension
B. Rate at time of account opening
C. Rate on date of maturity
D. Rate as per current year
The correct answer is: C
20.Which Time Deposit duration qualifies for Income Tax benefit under Section 80C?
A. 1-year
B. 2-year
C. 3-year
D. 5-year
The correct answer is: D
