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  9. Q132

IBPS PO 2011 · Question 132 of 237

With a view to facilitating payment of balance in the deposit account to the person named by the depositor without any hassles in the event of death of the account holder, the following facility was introduced for bank accounts in our country:

  1. AWill
  2. BRegistration
  3. CNominationCorrect
  4. DIndemnity
  5. EGuarantee

Answer: C. Nomination

Official answer key verified. Detailed explanation coming soon.

Source: IBPS Common Written Exam PO/MT September 2011 (exampapers247 PDF compilation) · reliable-secondary

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