BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Who can be a PIO
A
He/she at any time held an Indian passport
B
He/she or either of his/her parents or grandparents or great grandparents was born in and permanently resident in India
C
He/she is a spouse of a citizen of India or a person of Indian origin covered under
D
All of the above
Explanation: 

Detailed explanation-1: -PIO: People of Indian Origin A foreign citizen except for Pakistan, China, Afghanistan, Bangladesh, Iran, Sri Lanka, Bhutan and Nepal is referred to as a Person of Indian Origin (PIO):

Detailed explanation-2: -NRIs are people who are citizens of India who live abroad whereas PIOs are people who have Indian parents, grandparents or an Indian spouse. An individual who spent 182 days in India for one year will be known as an Indian resident whereas PIO cardholders can visit India at any time and stay for 180 days in India.

Detailed explanation-3: -A PIO will include an ‘Overseas Citizen of India’ cardholder within the meaning of Section 7(A) of the Citizenship Act, 1955. Such an OCI Card holder should also be a person resident outside India.

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