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    Question

    What shall be credited to the Depositor Education and Awareness Fund as laid down under the Banking Regulation Act?

    A The amount to the credit of any account in India with a banking company which has not been operated upon for a period of ten years Correct Answer Incorrect Answer
    B Any deposit or any amount remaining unclaimed for more than ten years, within a period of three months from the expiry of the said period of ten years Correct Answer Incorrect Answer
    C The amount to the credit of any account in India with a banking company which has been operated upon for a period of ten years Correct Answer Incorrect Answer
    D Either a or b Correct Answer Incorrect Answer

    Solution

    Section 26A. Establishment of Depositor Education and Awareness Fund: (2) There shall be credited to the Fund the amount to the credit of any account in India with a banking company which has not been operated upon for a period of ten years or any deposit or any amount remaining unclaimed for more than ten years, within a period of three months from the expiry of the said period of ten years.

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