Which type of bank account cannot be used to make immediate payments?

Inquizitive Minds Quiz

Quiz
•
Professional Development
•
Professional Development
•
Hard
Vedant Halarnekar
Used 2+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Current account
Savings account
Fixed deposit
Post office account
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens when money is released by the RBI into the economy?
It stays in the banks and earns interest.
It is kept by the recipients and never goes back into bank accounts.
It is immediately withdrawn by depositors
It goes into circulation through transactions.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following taxes come under Direct Tax in India?
Value-added tax
Excise duty
Corporate tax
Service tax
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the maximum deduction available under Section 80D for medical insurance premium?
Rs. 25,000
Rs. 50,000
Rs. 75,000
Rs. 1,00,000
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How long can one carry forward capital losses?
5 Years
8 years
10 Years
12 Years
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who can claim a deduction under Section 80RRB?
Indian residents who are individual patentees
Indian residents who are senior citizens
Indian companies
Both A and B are correct
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who is eligible to claim a deduction under Section 80GGC?
Only Indian companies
Only artificial juridical persons
Only local authorities
Individual taxpayers
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