Q1 Siddharth moves to the UK for employment, and opens a Non-Resident External (NRE) account in India, to manage his finances. He seeks clarification on the account's features. Which of the following statements, regarding his NRE account, are correct? Q2 Arjun, an NRI based in Dubai, wishes to involve his family in India, in managing his NRE account. He wants to add his resident father as a joint holder, and give a Power of Attorney (POA) to his brother. Which of the following arrangements are permitted, by RBI regulations? Q3 Mr. Sharma, an NRI, visits his bank in Delhi, with four different cheques he wishes to deposit into his NRE account. Which of the following cheques will the bank REJECT, based on NRE permissible credit rules? Q4 Rahul, an NRI, arrives in India for a vacation, carrying USD 6,000 in cash. He wishes to deposit this cash into his NRE account. Which of the following statements correctly describe, the banking procedure? Q5 Vikram holds an NRE Fixed Deposit (FD), for a 3-year term. Due to a medical emergency, he requests the bank to close the FD, after only 8 months. What will be the impact, on the interest payable? Q6 Anita, who has held an NRE account for years, returns to India, and takes up permanent employment, staying for more than 182 days. She informs her bank, of her change in residency status. What happens to her existing NRE deposits?