Q. When an account is declared as Inoperative & Dormant Accounts?

A) Only after 3 years from the date of the lasttransaction

B) Only after 2 years from the date of the lasttransaction

C) Only after 10 years from the date of thelast transaction

D) Only after 1 years from the date of the lasttransaction

✔ Correct Answer: Only after 2 years from the date of the lasttransaction

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