Updated for 2026 Syllabus Detailed Explanations High-Yield Core Concepts

Bank Promotion Exam Guide

Banking Awareness | Banking Knowledge | for all Bank Exams

Module: | Deposits, Reserve Ratios & Branch Authorisation

Q275: For the purpose of opening an account, which of the following entities are explicitly included under the term "Unincorporated Association"?

A
Unregistered trusts and partnership firms
B
Private Limited Companies
C
Limited Liability Partnerships (LLPs)
D
Government Departments
✅ Correct Answer: A
Explanation: Unregistered trusts / partnership firms shall be included under the term 'unincorporated association'.