NRI Investment Quiz
6 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is a Non Resident External Account (NRE) used for?

  • To keep income earned by NRI within India
  • To buy and sell financial assets
  • To store financial assets in electronic form
  • To keep income earned by NRIs outside India (correct)
  • What is a Non Resident Ordinary Account (NRO) used for?

  • To store financial assets in electronic form
  • To buy and sell financial assets
  • To keep income earned by NRI within India (correct)
  • To keep income earned by NRIs outside India
  • What is the purpose of a Demat account?

  • To keep income earned by NRIs outside India
  • To buy and sell financial assets
  • To keep income earned by NRI within India
  • To store financial assets in electronic form (correct)
  • What is NRI investment?

    <p>NRI investment refers to the tools and instruments used by Non-Resident Indians to invest their income earned within and outside India.</p> Signup and view all the answers

    What is the difference between NRE and NRO account?

    <p>NRE account is used to keep the income earned by NRIs outside India, while NRO account is used to keep the income earned by NRIs within India.</p> Signup and view all the answers

    What is a Demat and Trading account?

    <p>Demat account is used by investors to store their financial assets in electronic form, while Trading account is used by investors to buy and sell financial assets like shares, bonds, etc.</p> Signup and view all the answers

    Study Notes

    Types of NRI Bank Accounts

    • NRE (Non-Resident External) Account: A rupee-denominated account that allows NRIs (Non-Resident Indians) to maintain their foreign earnings in India, with the option to repatriate the funds back to their country of residence.
    • NRO (Non-Resident Ordinary) Account: A rupee-denominated account that allows NRIs to manage their income earned in India, such as rent, dividends, or interest on investments.

    Investment and Trading Accounts

    • NRI Investment: An investment made by a Non-Resident Indian in Indian markets, including stocks, mutual funds, and real estate, with the aim of generating returns.
    • Demat (Dematerialized) Account: A digital account that holds electronic versions of shares and other securities, allowing for easy buying, selling, and tracking of investments.
    • Trading Account: A brokerage account that enables buying and selling of securities on stock exchanges, often linked to a Demat account.

    Studying That Suits You

    Use AI to generate personalized quizzes and flashcards to suit your learning preferences.

    Quiz Team

    Description

    Test your knowledge on NRI investment with this quiz! Learn about the different tools and instruments involved, such as Non Resident External and Non Resident Ordinary accounts, as well as Demat accounts. Increase your understanding of trading accounts and gain valuable insights into NRI investing. Perfect for those wanting to explore investment opportunities as an NRI.

    More Like This

    Demokrasi Berdasarkan UUD NRI 1945
    26 questions
    Hubungan Pancasila dengan UUD NRI 1945
    10 questions
    Pancasila dan UUD NRI 1945
    10 questions

    Pancasila dan UUD NRI 1945

    WellRegardedDialect8334 avatar
    WellRegardedDialect8334
    UUD NRI 1945 dan BPUPK
    39 questions

    UUD NRI 1945 dan BPUPK

    JudiciousConnemara9391 avatar
    JudiciousConnemara9391
    Use Quizgecko on...
    Browser
    Browser