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CAIIB - RETAIL BANKING- NEW CASE STUDIES / NUMERICAL QUESTIONS


Answer the following questions regarding Sukanya Samriddhi Yojana

1. SSY can be opened for ...... (i) Your girl child, (ii) Your boy child, (iii) your adopted girl child

a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)

2. Pre-Mature Withdrawal of up to 50% of the amount is allowed after the account holder turns ...... for the requirement of ......

a. 18 year, marriage
b. 18 year, marriage or higher education
c. 21 year, marriage
d. 21 year, marriage or higher education

3. ...... on this account is also exempted from income tax. (i) Interest, (ii) Maturity amount

a. Only (i)
b. Only (ii)
c. Either (i) or (ii)
d. Both (i) and (ii)

4. How many number of deposits permitted in a year? (i) No fixed number of deposits, (ii) The depositor can deposit a multiple of Rs 100 through out the year, (iii) Maximum 12 number of deposits in a year

a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)

5. The account is limited for ...... of the parents

a. 1 Girl Child
b. 2 Girl Children
c. 3 Girl Children
d. 2 girl children or 3 in case of twin girls as second birth or the first birth itself results in 3 girl children

6. After the maturity Period, you will get the interest rate of ......

a. Savings Deposit
b. 6%
c. 7%
d. No interest

7. List of documents required for opening a SSY Account are ...... (i) Certificate of Birth of the Girl child, (ii) Proof of Address of parents/guardians, (iii) Proof of identity of the parents/guardian

a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)

8. SSY account can be opened under the name of the girl child, till she attains an age of ......

a. 10 years
b. 11 years
c. 12 years
d. 14 years

9. The maximum limit for deposits in the SSY account is Rs. ...... per year

a. 1,00,000
b. 1,50,000
c. 2,00,000
d. No limit

10. The maturity duration of the account is ...... from the date of opening the account

a. 10 years
b. 14 years
c. 21 years
d. 25 years

11. Maximum period upto which deposits can be made is ...... from the date of opening of the account

a. 10 years
b. 14 years
c. 21 years
d. 25 years

Answers :

1-b, 2-b, 3-d, 4-a, 5-d, 6-d, 7-d, 8-a, 9-b, 10-c, 11-b

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