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
[show_answer]The correct answer is: C [/show_answer]
12.How many times can a Time Deposit account be extended after maturity?
A. Once
B. Twice
C. Unlimited times
D. Not allowed
[show_answer]The correct answer is: B [/show_answer]
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
[show_answer]The correct answer is: C [/show_answer]
14.Can the selected extension option be revoked before maturity?
A. Yes
B. No
C. Only in 5-year accounts
D. Only if notified
[show_answer]The correct answer is: A [/show_answer]
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
[show_answer]The correct answer is: B [/show_answer]
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
[show_answer]The correct answer is: B [/show_answer]
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
[show_answer]The correct answer is: C [/show_answer]
18. A 5-year Time Deposit can be extended within:
A. 6 months
B. 12 months
C. 24 months
D. 18 months
[show_answer]The correct answer is: D [/show_answer]
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
[show_answer]The correct answer is: C [/show_answer]
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
[show_answer]The correct answer is: D [/show_answer]
