IMPORTANT RETAIL ASSETS PRODUCTS MCQ

1. Home Loans are sanctioned by Banks for the following   purposes:
(i) Purchase/Construction of  House.
(ii) Purchase/Construction of  Flat
, (iii) Purchase of land and  construction
(iv) Additions to the existing  house
(v) All the above.

Ans: v


2. Auto Loans are given by banks for the following  purposes:
(i) Purchase of New Car
(ii) Purchase of Used Car
(iii) Purchase of Two Wheelers
(iv) All the above.

Ans: iv


3. Personal Loans are sanctioned by banks based  on
(i) Salary in case of employees
(ii) Monthly/Annual Income in case of  business
(iii) Number of years of service/in  business
(iv) All the above.

Ans: iv


4. Retail Loan Processing Centres of banks are designed  to
(i) Source retail asset business
(ii) Process retail loans
(iii) Do the valuation/legal opinion wherever  necessary
(iv) Release the loan either at their end or advise sanction to branches.

Ans:   iv

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