Q11. What does FCNR account stand for?
a) Foreign Currency Non-Resident
b) Foreign Capital National Reserve
c) Fixed Currency Non-Rupee
d) Foreign Credit Non-Resident
Q12. Which account is ideal for daily cash-intensive businesses?
a) Savings Account
b) Current Account
c) Fixed Deposit Account
d) Recurring Deposit Account
Q13. Which account allows customers to deposit a lump sum and withdraw after a fixed period?
a) Savings Account
b) Recurring Deposit Account
c) Fixed Deposit Account
d) Current Account
Q14. Which type of account is mostly maintained by corporations?
a) Savings Account
b) Current Account
c) Recurring Deposit Account
d) NRO Account
Q15. What is the main benefit of a Recurring Deposit account?
a) High withdrawal flexibility
b) Encourages regular savings
c) No interest earned
d) Only for NRIs
Q16. Which account type allows repatriation of funds abroad without restrictions?
a) NRO Account
b) Savings Account
c) NRE Account
d) Recurring Deposit
Q17. Which account type generally offers the highest interest rate?
a) Savings Account
b) Current Account
c) Fixed Deposit Account
d) NRE Account
Q18. Which account is suitable for managing rental income in India for NRIs?
a) NRO Account
b) NRE Account
c) Current Account
d) Savings Account
Q19. What is the minimum balance requirement in a typical savings account?
a) No minimum
b) Fixed small amount set by the bank
c) Only for current accounts
d) Only for NRI accounts
Q20. Which account is best for students to start banking in India?
a) Current Account
b) Fixed Deposit Account
c) Savings Account (Student)
d) NRE Account
These Types of Bank Accounts in India GK Questions cover everything from savings and current accounts to specialized NRI accounts. Mastering these questions will help you ace quizzes, exams, and improve your general banking awareness.
Stay informed about account features, interest rates, tax benefits, and repatriation rules to strengthen your understanding of India’s banking system.
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