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- Question 1 of 25
1. Question
A formal, legal commitment to extend credit up to some maximum amount over a stated period of time
CorrectIncorrect - Question 2 of 25
2. Question
When a firm needs guaranteed, short-term funds available for a variety purposes, the bank loan will likely be
CorrectIncorrect - Question 3 of 25
3. Question
When does the asset legally belong to the purchaser under a hire purchase agreement?
CorrectIncorrect - Question 4 of 25
4. Question
Which of the following is not one of the five C’s of credit analysis?
CorrectIncorrect - Question 5 of 25
5. Question
Which of the following is an example of Credit Information Company?
CorrectIncorrect - Question 6 of 25
6. Question
What is the perceived benefit of borrowing from a credit union?
CorrectIncorrect - Question 7 of 25
7. Question
Mr. Mishra has taken a housing loan of Rs.1.5 cr for 20 years @ 12% p.a. reducing monthly. Calculate principal paid in
11th installment?CorrectIncorrect - Question 8 of 25
8. Question
The working capital requirement is
CorrectIncorrect - Question 9 of 25
9. Question
As per the matrix for consumer protection for aggrieved consumers, which of the following steps comes last?
CorrectIncorrect - Question 10 of 25
10. Question
Taking out a loan against your life insurance policy does not count as
CorrectIncorrect - Question 11 of 25
11. Question
Which of the following is a borrowing facility/loan advance?
CorrectIncorrect - Question 12 of 25
12. Question
Which of the following would not make a distinction between a hire purchase and a normal purchase?
CorrectIncorrect - Question 13 of 25
13. Question
____________is the process that banks undertake to structure a credit facility to minimize risks and generate the best return, given the risks that the banks assume. The credit structure includes the term of the loan, collateral required, amortization requirement, timing of interest payments, and reporting requirements.
CorrectIncorrect - Question 14 of 25
14. Question
The information listed on your credit report includes several variables that __________uses to set your credit score.
CorrectIncorrect - Question 15 of 25
15. Question
Which of the following situations is most likely to ring an alarm to wealth manager taking care of a client’s debts?
CorrectIncorrect - Question 16 of 25
16. Question
Mr. Sarvesh has taken a housing loan of Rs.50,00,000 of 20 years @ 11% p.a. reducing monthly on floating bases. The bank would increases rate of interest to 12% p.a. after 3 years, what would be the new EMI?
CorrectIncorrect - Question 17 of 25
17. Question
Which of the following would be consistent with a conservative approach to financing working capital?
CorrectIncorrect - Question 18 of 25
18. Question
A bank customer can file a complaint against banking organization if reply is not received from the bank within a period of ____________after concerned bank has received complaint representation.
CorrectIncorrect - Question 19 of 25
19. Question
Banking Ombudsman is appointed for
CorrectIncorrect - Question 20 of 25
20. Question
The maximum period for which deduction is admissible under section 80E is
CorrectIncorrect - Question 21 of 25
21. Question
In a housing loan, the _________ the client’s margin contribution (his capital), the _________ is his psychological commitment to pay the loan.
CorrectIncorrect - Question 22 of 25
22. Question
Which of the following are the functions performed by a credit bureau?
I) Provide details pertaining to credit history
II) Provide justified opinion whether the loan should be granted or not
III) Maintain a credit score based on factual information
IV) Provide personal identification and contact details
V) Provide details pertaining to current loansCorrectIncorrect - Question 23 of 25
23. Question
Which of the following is most likely to be recommended to the wealth manager while dealing with loan and debt management of a client?
I) Maintain a personal relationship with client
II) Work on client psychology & attitude as much as you work on their finances
III) Motivate clients to take responsible credit
IV) Encourage clients to learn to enjoy with their money by spending where it pleases them
V) Check the credit report of the clientCorrectIncorrect - Question 24 of 25
24. Question
Mr. X has recently purchased a house worth Rs. 60 lakh for self-occupation by availing housing loan of Rs. 48 lakh at
8% p.a. rate of interest. The tenure of loan is 15 years. He has Rs. 15 lakh financial assets at present. He is expected to save annually Rs. 4,00,000 which he invests on a quarterly basis beginning a quarter from now in an instrument which is expected to provide return of 11% p.a. What would be his net worth six years from now? The value of the house which is for consumption purposes is not considered in the net worth so arrived.CorrectIncorrect - Question 25 of 25
25. Question
Which of the following statements is most correct?
CorrectIncorrect