Module: | DEA Fund – Establishment & Legal Basis
Q2: Which of the following types of amounts are credited to the DEA Fund, if they remain unclaimed for 10 years or more?
1. Credit balances from loan accounts, after due appropriation by the banks.
2. Outstanding demand drafts and pay orders.
3. Balances in sundry deposit accounts and vostro accounts.
4. Amounts outstanding against travellers cheques, which have no maturity period.
2. Outstanding demand drafts and pay orders.
3. Balances in sundry deposit accounts and vostro accounts.
4. Amounts outstanding against travellers cheques, which have no maturity period.
✅ Correct Answer: B
The amounts credited to the DEA Fund include credit balances from loan accounts (after due appropriation), outstanding demand drafts, pay orders, sundry deposit accounts, and vostro accounts.
However, amounts outstanding against travellers cheques or similar instruments without a maturity period are explicitly excluded.
However, amounts outstanding against travellers cheques or similar instruments without a maturity period are explicitly excluded.