MODULE : B -RB- CREDIT SCORING MCQ-4
CREDIT SCORING : TEST YOURSELF
85. What do you mean by Credit Score?
a. Risk Perception
b. Assessing Credit Worthiness
c. Snap shot of consumer's credit report
d. All above
Q.86. Credit score is a credit report and turns the information with 3-digit number representing the amount of risk to a particular transaction. What is that 3-digit score?
a) 300
b) 600
c) 900
d) 990
Q.87. What kinds of risk are common in retail banking?
a. Credit risk, business risk, market-risk, operational risk
b. Solvency risk/Technical risk/Country risk/Contingency risk
c. Liquidity risk/interest rate risk/foreign exchange risk/commodity price and equity price risks
d. Environmental risk/contingency risk/concept risk
Q.88. Credit Risk means?
a) Loosing money due to wrong selection
b) Change in market price of products
c) Customer decline/fails to pay
d) Processing failures and frauds
Q.89. Market risk means risk arising from the adverse changes in the market variables. What are those variables are?
a. Interest rates/foreign exchange rates/equity price
b. Liquidity/commodity price
c. Funding risk/time risk/call risk
d. Both (a) + (b) only
Q.90. Deregulation of interest rate has exposed the banks in the adverse impact of interest rate risk may take the firm of?
a) Gap or mismatch in off balance sheet items/basis risk/embedded option risk
b) Operational risk/solvency risk/technical risk
c) Country risk/environmental risk/contingency risk
d) Both (b) and (c)
Q 91 What strategies are adopted by banks for managing risk and profitability?
a. Guidelines on delegation of power and accountability
b. Strengthening of credit appraisal mechanism/risk of wilful default be checked by presanction inspections and verification of antecedents.
c. Meaningful post-disbursal monitoring for early identification of signs of incipient sickness.
d. All above
e. Only (b) and (c)
Q.92. In credit scoring. Credit information bureaus what highest weightage is given to which item?
a) Payment history
b) Amount owed
c) Length of credit history
d) Types of credit in use
Q.93. In credit scoring, model used by CIBIL-Trans Union what attributes are used?
a. Credit utilisation by customer
b. Payment history, whether any defaults made
c. Both (a) and (b)
d. Craving for credit enhancement
Q.94. For a good credit score which indicators should be seen?
a) Proof of financial discipline/longer period credit history
b) Whether defaulted reasons beyond control
c) None of above
d) Both (a) + (b)
Q.95. Discuss the warning signals in credit score?
a. Craving for credit/frequent and unnecessary shopping for credit
b. Several requests for loan or additional limits/mix of credit facilities conversative
c. Both (a) + (b)
d. The above are not warning signals at all
Q.96. Credit information bureau of India Ltd. is owned by?
(a) Dun and Brad street +5.B. India +HDFC bank +Trans union international Inc.
(b) Bank of India +HSBC+ICICI Bank+Central Bank of India (c)Syndicate Bank + Bank of Baroda + Citi Bank + Allahabad Bank (d)Both (a) and (b) only
Q.97. What is the purpose of credit scoring for banks?
a. Price for the risk + speed up credit decisions and disbursement
b. Prepare customer information reports
c. To know the reason about differentiation in rates of interest
d. Any person can access his/her credit report directly
Q.98. Set out the mistakes as occur in credit scoring?
a) Confusion in names due to similarity in names
b) Human input error/identity theft which are exploited
c) Both (a) + .(b)
d) No mistakes in credit scoring occur
Q.99. When one feels chances of error in credit scoring, then what steps could be taken for clarification in the credit report?
a) Ask the bank who declined credit, to provide the control number of 9 digit for the credit report
b) Call for help on CIBIL website www.cibil.com and inform the exact nature of discrepancies as pointed out by bank
c) If bank is in-cooperative then lodge a complaint in the bank's website and on failure to receive any answer within 15 days, lodge a complaint with Banking Ombudsman
d) All above
e) Only (a) + (b)
Q 100. Define the eligibility norms for availing housing loans?
f) Individual/group of individual/members of residential co-op. society
g) Should not be enjoying credit facility elsewhere and should not be defaulter in any other credit facility
h) Should has regular income from salary or business. Salaried class hould have minimum 3 years confirmed service. Applicant's age should not be more than 55 to 60 years at the time of loan application
i) All above
Q.101. For what purposes housing loan can be sanctioned by banks?
j) Purchase of new house/old house or flat and for extension of owned house.
k) Old house is age should not be more than 5 to 20 years Purchase of new flat/house/land and/or extension of house/ construction of new house/flat
l) Both (a) + (b)
m) None of above
Q.102. How muchloan amount and period can be sanctioned under housing loan to a middle class family's individuals who is aged 25 years?
a) Loan upto 75 lakhs and upto 30 years
b) Loan upto 150 lakhs and period upto 20 years
c) Loan upto 500 lakhs and period upto 25 years
d) Both (b) + (c)
Q.103. Considering floating interest rate @10.5% on housing loan, how the loan quantum is decided by banks?
n) Age of applicant and repaying capacity based on total earnings minus 60% monthly.
o) Age of applicant and repaying capacity based on total earning minus under the ceiling of total deductions of 40% including housing loan proposed instalment
p) Age of applicant and repaying capacity based on total earning and total deductions
q) Age immaterial and loans upto any limit to High Net Worth individuals
Q.104. What is the security taken by banks, under Housing loan proposals?
r) First legal mortgage of the housing property financed
s) Equitable mortgage of the housing property financed, which should be in the name of applicant or jointly with co-obligant, with clear title
t) Power of attorney issued to the bank by the applicant under clear title of the property
u) All above
Q.105. How the housing loan is disbursed when the already completed property is purchased?
a) Loan amount is disbursed in one go based on the agreement
to sale and its registration with registrar of assurance completion in the name of buyer of flat/house.
b) Total purchase price reduced by margin paid by the applicant, becomes loan amount which is disbursed in one go by bank based on the agreement to sale and after its registration with Registrar of assurances, completed in the name of the buyer of the flat/hOuse
c) Balance amount after margin payment, loan amount which is disbursed by the bank in installments
d) Both (b) and (c)
Q.106. Is there any moratorium period under housing loan?
e) Holiday period upto 24 months for construction completion
f) Holiday period upto 3 months for purchase of completed flats/house
g) Both (a) and (b)
h) No Holiday period
Q.107. What is the minimum margin under housing loan the applicant has to maintain?
i) 25%
j) 20%
k) Both (a) + (b)
l) No margin
Q.108. What are the purposes for which house improvement loans can be availed for?
m) Major Repair/renovation/upgradation/painting and other repairs
n) Major Repair/upgradation/other repairs
o) Repairs/renovation/painting
p) Renovation/painting/other reports
Q.109. The margins under house improvement loans are different than housing purchase loans, which is?
q) Margin 25% to 50%
r) Margin 20% to 30%
s) Margin 50% to 60%
t) Full loan granted
Q.110. What are the securities which can be given by any borrower house improvement loans, to banks and financial institutions?
u) Equitable mortgage of house property under repair/renovation
v) Legal mortgage of house property under repairs/renovation (c) Englishmortgageofhouseproperty(d) Anyotherencumberedimmovableproperty
Q.111.Repaymentofrepair/renovationhousingloanscanbe made in?
a) 5 yearsmaximum, b) 5 to 10 years c) 20 years , d) Within 2 years
Q.112. PassengerBusloansrequirethefollowingeligibilitynormstobecompliedbyanapplicant?
w) Individual in conformed service in Govt./PSU/reputed private sector organisation
x) Individual unemployed and possessing heavy duty vehicle driving licence
y) Individual having licensed-driving of 3 years experience, who will drive the bus for the applicant
z) Any Individual who is an atleast graduate, unmarried and not employed anywhere.
Q.113. Loan for 3 wheeler, autorickshaw require certain eligibility norms, such as?
aa) Individual who possess driving licence for driving public transport for at least 3 years and having batch number and bb) minimum gross monthly income 6,000
cc) Business people who run giving of autorickshaws on rent
dd) Individual, who are minimum graduate and posses driving licence
ee) Limited companies having shareholders who possess driving licence and minimum experience of driving 5 years
Q.114. Car loans from banks can be availed by observing the eligibility norms as below?
ff) Individual in confirmed service of Govt./PSUs/reputed private organisations and minimum income 10,000 p.m. gg) Individual who are professionals and self employed/persons during their business
hh) Individual employed in any service or during business but preserving driving licence for minimum period of one year
ii) Individual possessing driving licence and aged unto 70 years
jj) Both (a) (b)
Q.115. For can loan, what security can be granted by applicant to the bank?
a. Hypothecation of the vehicle (car) to be purchased out of loan
b. Hypothecation of any vehicle, whether old or new
c. Pledge of car to be purchased out of loan
d. Mortgage of new car to be purchased out of loan
Q.116. While availing any vehicle loan (autorickshaw/ passenger/Jeep/Car/Taxi) how much period of moratorium is granted by bank?
a. 6 months
b. No moratorium, repayment starts one month after vehicle's possession
c. 3 months
d. Moratorium at the discretion of the bank
Q.117. Discuss the maximum repayment period given for two wheelers, four wheelers and passenger bus which are allowed by banks in providing loans?
kk) Two Wheelers - 60 months Four Wheelers - 84 months Old Cars/Jeep - 60 months ll) Two Wheelers - 36 months Four Wheelers - 60 months Old Cars - 48 months mm) Two Wheelers - 48 months Four Wheelers - 84 months Old Cars/bus - 60 months nn) Discretion of the bank and reputation of the borrower
Q.118. While granting vehicle loans by the bank, to the applicant, what is the security eventually required other then the vehicle?
oo) Personal security of the spouse
pp) Personal security of third party with good net worth
qq) Security of the life insurance policy of the applicant (d) Both (a) + (b)
Q.119. For retail loans do the banks charge any processing fee from the applicant? What are its minimum and maximum ceiling? a ) Home loans - 0.50% maximum ceiling 12500 and minimum 500
Vehicle loans - 0.50% maximum ceiling 12500 and minimum 500
b) Home loans - 1.00% maximum ceiling z 12500 and minimum 1,000 Vehicle loans - 1.00% maximum ceiling 12500 and minimum 1,000
c) Home loans - 2.00% maximum ceiling 12500 and minimum 2,000 Vehicle loans - 2.00% maximum ceiling z 12500 and minimum 2,000
d) Fixed amount of 5000 for Housing loan
Fixed amount of 3000 for Vehicle loan
Fixed amount of 1000 for Wheeler loan
Q.120. Can you tell us the margin range under vehicle loans for two wheelers and four-wheelers? rr) Minimum 10% cost price for two wheelers and 15% on four wheelers 25% for old cars
ss) Nil margin for two wheelers an 30% margin for 4 wheelers 50% for old cars
tt) Margins vary as per loan quantum. Bigger the loan, bigger the margin, lower the loan lower the margins
uu) For two-wheelers and 4 wheelers margin @20% of cost of vehicle
Q.121. How to define personal loans granted by bank?
vv) Loans granted on the personal security (goodwill) of the borrower. ww) Loans granted are backed by personal guarantees of the lender
xx) Loans granted by borrower to lender on the image of the borrower yy) Both (a) (b)
Q.122. Personal Loans are kinds of-
zz) Big Ticket and small ticket
aaa) Medium Ticket and Big Ticket
bbb) Large and small loans
ccc) Micro and Macro loans
Q.123. Discussthe grounds of eligibility for availing personal loans by any applicant, from the bank, are
ddd) Any confirmed employee of public or private sector
eee) Forany social/financial commitment/with personal guaranteeoftheapplicantandrepaymentin 36 to 60 months fff) Forany social/financialpurposesunderpersonal guaranteeof theapplicantwith repaymentrangingbeyond 60 EMIs ggg) Both (a) and (b)
Q.124. Define big ticket personal loans?
Anunsecuredloangivenforanysocial/financialpurposeinthe
a) average range of one lakh and above.
b) Asecuredpersonalloangivenforsocial/financialcommitmentoftheborrowerintheaveragerangeof 2 lakhsandabove.
c) Anunsecuredloangiven to anyborroweras personalloaninthe range of 0.75 lakhs to 5 lakhs and below
d) Loans given to High Net Worth Customers only
Q.125. What types of students are eligible under Education Loans?
a. Studentsintendingforpurposehigherstudiesspecialisationin Indiaandabroad, like IIM/IIT
b. Students abovetheageof 18 and intendtopursuehigherstudies, postgraduationin Arts/Science/Commerce
c. Studentsbelow 18 yearsof agewithparents as co-obligent canavail loansforstudieslike MBA/CA/Medical/B.A(Music) in India
d. Students of foreign origin, desiring to study in India in specialisation courses
Q.126. What are the ceiling for loan amount in education for studies in India and abroad?
a) 10.00 lakhs (India) 20 lakhs (for abroad) withparentsas guardian
b) 10.00 lakhs (India) 20 lakhs (forabroad) withstudents guaranteealone
c) 7.50 lakhs (India) withonepersonal guarantor, collateral 15 lakhs (abroad) with arepersonal guarantor, collateral
d) 7.50lakhs(India)forSC/STstudentsonly15lakhs(abroad) forSC/STstudentsonly
127. Whatisthelimitofamountofeducationloanuptowhichnocollateralsecurityisrequiredexcepttheparentsasco-obligent?
a) 7.50lakhs
b) 5.00akhs
c) Colateralisamustforal 4fakhs
Q.128.Isthereanyretailloaninbankswheresimpleinterestratechargedbybanks?
(a) HousingLoan
(b) CarLoan
(c) EducationLoan
(d) PersonalLoan
Q.129. IfthehousingloanisgrantedaboveRs.7.50lakhsbutuptoRs.10lakhinIndia.Howitisgoingto besecured?
a. Tangibleassettocover 100% SecuritylikeNSC/KVP/Bonds
b. Two personal guarantors withdoubletheamount of loan
c. Only are guarantor with worth over 10 lakhs
d. Noguarantorrequired
Q.130. Whatkindsofloansunder retailbankingaredisbursedinstages?
a) Houseunderconstruction/educationloan
b) Vehicleloanand personal loan
c) Personalloan andeducation loan
d) Houseunderconstructionloan and personnelloan
Q.131. Retail loan Processing Centres of banks are designed to?
a. Sourceretailassetbusiness
b. Processretail loans
c. Valuationwork/Legalopinionwork
d. Releasetheloaneitheratcentre'sendoradvisesanctiontobranches
Q.132. Processing of retail loans the models available are
a) Standaloneandcentralised
b) Loan factory andloanhub
c) Asset Processingmodel
d) Branches.model
Q.133. Stand alone model for retail loan processing means?
a. Processing independently at branch level
b. Sanctionatbranchlevelaspereligibility/obtainingofnecessarydocuments/valuationandlegalopinion
c. Both (a) + (b)
d. Processing and sanction done at central level
Q.134. Centralised model for retail loans processing refers to at -
a) Centralised place
b) Loan hub
c) Loan Factory
d) Head Office
Q.135. Write the full form of RLPC?
a. Reliance Licence Production Centre
b. Regional Level Primary Centre
c. Retail Loan Processing Centre
d. Retail Liquid Product Corporation
85. What do you mean by Credit Score?
a. Risk Perception
b. Assessing Credit Worthiness
c. Snap shot of consumer's credit report
d. All above
Q.86. Credit score is a credit report and turns the information with 3-digit number representing the amount of risk to a particular transaction. What is that 3-digit score?
a) 300
b) 600
c) 900
d) 990
Q.87. What kinds of risk are common in retail banking?
a. Credit risk, business risk, market-risk, operational risk
b. Solvency risk/Technical risk/Country risk/Contingency risk
c. Liquidity risk/interest rate risk/foreign exchange risk/commodity price and equity price risks
d. Environmental risk/contingency risk/concept risk
Q.88. Credit Risk means?
a) Loosing money due to wrong selection
b) Change in market price of products
c) Customer decline/fails to pay
d) Processing failures and frauds
Q.89. Market risk means risk arising from the adverse changes in the market variables. What are those variables are?
a. Interest rates/foreign exchange rates/equity price
b. Liquidity/commodity price
c. Funding risk/time risk/call risk
d. Both (a) + (b) only
Q.90. Deregulation of interest rate has exposed the banks in the adverse impact of interest rate risk may take the firm of?
a) Gap or mismatch in off balance sheet items/basis risk/embedded option risk
b) Operational risk/solvency risk/technical risk
c) Country risk/environmental risk/contingency risk
d) Both (b) and (c)
Q 91 What strategies are adopted by banks for managing risk and profitability?
a. Guidelines on delegation of power and accountability
b. Strengthening of credit appraisal mechanism/risk of wilful default be checked by presanction inspections and verification of antecedents.
c. Meaningful post-disbursal monitoring for early identification of signs of incipient sickness.
d. All above
e. Only (b) and (c)
Q.92. In credit scoring. Credit information bureaus what highest weightage is given to which item?
a) Payment history
b) Amount owed
c) Length of credit history
d) Types of credit in use
Q.93. In credit scoring, model used by CIBIL-Trans Union what attributes are used?
a. Credit utilisation by customer
b. Payment history, whether any defaults made
c. Both (a) and (b)
d. Craving for credit enhancement
Q.94. For a good credit score which indicators should be seen?
a) Proof of financial discipline/longer period credit history
b) Whether defaulted reasons beyond control
c) None of above
d) Both (a) + (b)
Q.95. Discuss the warning signals in credit score?
a. Craving for credit/frequent and unnecessary shopping for credit
b. Several requests for loan or additional limits/mix of credit facilities conversative
c. Both (a) + (b)
d. The above are not warning signals at all
Q.96. Credit information bureau of India Ltd. is owned by?
(a) Dun and Brad street +5.B. India +HDFC bank +Trans union international Inc.
(b) Bank of India +HSBC+ICICI Bank+Central Bank of India (c)Syndicate Bank + Bank of Baroda + Citi Bank + Allahabad Bank (d)Both (a) and (b) only
Q.97. What is the purpose of credit scoring for banks?
a. Price for the risk + speed up credit decisions and disbursement
b. Prepare customer information reports
c. To know the reason about differentiation in rates of interest
d. Any person can access his/her credit report directly
Q.98. Set out the mistakes as occur in credit scoring?
a) Confusion in names due to similarity in names
b) Human input error/identity theft which are exploited
c) Both (a) + .(b)
d) No mistakes in credit scoring occur
Q.99. When one feels chances of error in credit scoring, then what steps could be taken for clarification in the credit report?
a) Ask the bank who declined credit, to provide the control number of 9 digit for the credit report
b) Call for help on CIBIL website www.cibil.com and inform the exact nature of discrepancies as pointed out by bank
c) If bank is in-cooperative then lodge a complaint in the bank's website and on failure to receive any answer within 15 days, lodge a complaint with Banking Ombudsman
d) All above
e) Only (a) + (b)
Q 100. Define the eligibility norms for availing housing loans?
f) Individual/group of individual/members of residential co-op. society
g) Should not be enjoying credit facility elsewhere and should not be defaulter in any other credit facility
h) Should has regular income from salary or business. Salaried class hould have minimum 3 years confirmed service. Applicant's age should not be more than 55 to 60 years at the time of loan application
i) All above
Q.101. For what purposes housing loan can be sanctioned by banks?
j) Purchase of new house/old house or flat and for extension of owned house.
k) Old house is age should not be more than 5 to 20 years Purchase of new flat/house/land and/or extension of house/ construction of new house/flat
l) Both (a) + (b)
m) None of above
Q.102. How muchloan amount and period can be sanctioned under housing loan to a middle class family's individuals who is aged 25 years?
a) Loan upto 75 lakhs and upto 30 years
b) Loan upto 150 lakhs and period upto 20 years
c) Loan upto 500 lakhs and period upto 25 years
d) Both (b) + (c)
Q.103. Considering floating interest rate @10.5% on housing loan, how the loan quantum is decided by banks?
n) Age of applicant and repaying capacity based on total earnings minus 60% monthly.
o) Age of applicant and repaying capacity based on total earning minus under the ceiling of total deductions of 40% including housing loan proposed instalment
p) Age of applicant and repaying capacity based on total earning and total deductions
q) Age immaterial and loans upto any limit to High Net Worth individuals
Q.104. What is the security taken by banks, under Housing loan proposals?
r) First legal mortgage of the housing property financed
s) Equitable mortgage of the housing property financed, which should be in the name of applicant or jointly with co-obligant, with clear title
t) Power of attorney issued to the bank by the applicant under clear title of the property
u) All above
Q.105. How the housing loan is disbursed when the already completed property is purchased?
a) Loan amount is disbursed in one go based on the agreement
to sale and its registration with registrar of assurance completion in the name of buyer of flat/house.
b) Total purchase price reduced by margin paid by the applicant, becomes loan amount which is disbursed in one go by bank based on the agreement to sale and after its registration with Registrar of assurances, completed in the name of the buyer of the flat/hOuse
c) Balance amount after margin payment, loan amount which is disbursed by the bank in installments
d) Both (b) and (c)
Q.106. Is there any moratorium period under housing loan?
e) Holiday period upto 24 months for construction completion
f) Holiday period upto 3 months for purchase of completed flats/house
g) Both (a) and (b)
h) No Holiday period
Q.107. What is the minimum margin under housing loan the applicant has to maintain?
i) 25%
j) 20%
k) Both (a) + (b)
l) No margin
Q.108. What are the purposes for which house improvement loans can be availed for?
m) Major Repair/renovation/upgradation/painting and other repairs
n) Major Repair/upgradation/other repairs
o) Repairs/renovation/painting
p) Renovation/painting/other reports
Q.109. The margins under house improvement loans are different than housing purchase loans, which is?
q) Margin 25% to 50%
r) Margin 20% to 30%
s) Margin 50% to 60%
t) Full loan granted
Q.110. What are the securities which can be given by any borrower house improvement loans, to banks and financial institutions?
u) Equitable mortgage of house property under repair/renovation
v) Legal mortgage of house property under repairs/renovation (c) Englishmortgageofhouseproperty(d) Anyotherencumberedimmovableproperty
Q.111.Repaymentofrepair/renovationhousingloanscanbe made in?
a) 5 yearsmaximum, b) 5 to 10 years c) 20 years , d) Within 2 years
Q.112. PassengerBusloansrequirethefollowingeligibilitynormstobecompliedbyanapplicant?
w) Individual in conformed service in Govt./PSU/reputed private sector organisation
x) Individual unemployed and possessing heavy duty vehicle driving licence
y) Individual having licensed-driving of 3 years experience, who will drive the bus for the applicant
z) Any Individual who is an atleast graduate, unmarried and not employed anywhere.
Q.113. Loan for 3 wheeler, autorickshaw require certain eligibility norms, such as?
aa) Individual who possess driving licence for driving public transport for at least 3 years and having batch number and bb) minimum gross monthly income 6,000
cc) Business people who run giving of autorickshaws on rent
dd) Individual, who are minimum graduate and posses driving licence
ee) Limited companies having shareholders who possess driving licence and minimum experience of driving 5 years
Q.114. Car loans from banks can be availed by observing the eligibility norms as below?
ff) Individual in confirmed service of Govt./PSUs/reputed private organisations and minimum income 10,000 p.m. gg) Individual who are professionals and self employed/persons during their business
hh) Individual employed in any service or during business but preserving driving licence for minimum period of one year
ii) Individual possessing driving licence and aged unto 70 years
jj) Both (a) (b)
Q.115. For can loan, what security can be granted by applicant to the bank?
a. Hypothecation of the vehicle (car) to be purchased out of loan
b. Hypothecation of any vehicle, whether old or new
c. Pledge of car to be purchased out of loan
d. Mortgage of new car to be purchased out of loan
Q.116. While availing any vehicle loan (autorickshaw/ passenger/Jeep/Car/Taxi) how much period of moratorium is granted by bank?
a. 6 months
b. No moratorium, repayment starts one month after vehicle's possession
c. 3 months
d. Moratorium at the discretion of the bank
Q.117. Discuss the maximum repayment period given for two wheelers, four wheelers and passenger bus which are allowed by banks in providing loans?
kk) Two Wheelers - 60 months Four Wheelers - 84 months Old Cars/Jeep - 60 months ll) Two Wheelers - 36 months Four Wheelers - 60 months Old Cars - 48 months mm) Two Wheelers - 48 months Four Wheelers - 84 months Old Cars/bus - 60 months nn) Discretion of the bank and reputation of the borrower
Q.118. While granting vehicle loans by the bank, to the applicant, what is the security eventually required other then the vehicle?
oo) Personal security of the spouse
pp) Personal security of third party with good net worth
qq) Security of the life insurance policy of the applicant (d) Both (a) + (b)
Q.119. For retail loans do the banks charge any processing fee from the applicant? What are its minimum and maximum ceiling? a ) Home loans - 0.50% maximum ceiling 12500 and minimum 500
Vehicle loans - 0.50% maximum ceiling 12500 and minimum 500
b) Home loans - 1.00% maximum ceiling z 12500 and minimum 1,000 Vehicle loans - 1.00% maximum ceiling 12500 and minimum 1,000
c) Home loans - 2.00% maximum ceiling 12500 and minimum 2,000 Vehicle loans - 2.00% maximum ceiling z 12500 and minimum 2,000
d) Fixed amount of 5000 for Housing loan
Fixed amount of 3000 for Vehicle loan
Fixed amount of 1000 for Wheeler loan
Q.120. Can you tell us the margin range under vehicle loans for two wheelers and four-wheelers? rr) Minimum 10% cost price for two wheelers and 15% on four wheelers 25% for old cars
ss) Nil margin for two wheelers an 30% margin for 4 wheelers 50% for old cars
tt) Margins vary as per loan quantum. Bigger the loan, bigger the margin, lower the loan lower the margins
uu) For two-wheelers and 4 wheelers margin @20% of cost of vehicle
Q.121. How to define personal loans granted by bank?
vv) Loans granted on the personal security (goodwill) of the borrower. ww) Loans granted are backed by personal guarantees of the lender
xx) Loans granted by borrower to lender on the image of the borrower yy) Both (a) (b)
Q.122. Personal Loans are kinds of-
zz) Big Ticket and small ticket
aaa) Medium Ticket and Big Ticket
bbb) Large and small loans
ccc) Micro and Macro loans
Q.123. Discussthe grounds of eligibility for availing personal loans by any applicant, from the bank, are
ddd) Any confirmed employee of public or private sector
eee) Forany social/financial commitment/with personal guaranteeoftheapplicantandrepaymentin 36 to 60 months fff) Forany social/financialpurposesunderpersonal guaranteeof theapplicantwith repaymentrangingbeyond 60 EMIs ggg) Both (a) and (b)
Q.124. Define big ticket personal loans?
Anunsecuredloangivenforanysocial/financialpurposeinthe
a) average range of one lakh and above.
b) Asecuredpersonalloangivenforsocial/financialcommitmentoftheborrowerintheaveragerangeof 2 lakhsandabove.
c) Anunsecuredloangiven to anyborroweras personalloaninthe range of 0.75 lakhs to 5 lakhs and below
d) Loans given to High Net Worth Customers only
Q.125. What types of students are eligible under Education Loans?
a. Studentsintendingforpurposehigherstudiesspecialisationin Indiaandabroad, like IIM/IIT
b. Students abovetheageof 18 and intendtopursuehigherstudies, postgraduationin Arts/Science/Commerce
c. Studentsbelow 18 yearsof agewithparents as co-obligent canavail loansforstudieslike MBA/CA/Medical/B.A(Music) in India
d. Students of foreign origin, desiring to study in India in specialisation courses
Q.126. What are the ceiling for loan amount in education for studies in India and abroad?
a) 10.00 lakhs (India) 20 lakhs (for abroad) withparentsas guardian
b) 10.00 lakhs (India) 20 lakhs (forabroad) withstudents guaranteealone
c) 7.50 lakhs (India) withonepersonal guarantor, collateral 15 lakhs (abroad) with arepersonal guarantor, collateral
d) 7.50lakhs(India)forSC/STstudentsonly15lakhs(abroad) forSC/STstudentsonly
127. Whatisthelimitofamountofeducationloanuptowhichnocollateralsecurityisrequiredexcepttheparentsasco-obligent?
a) 7.50lakhs
b) 5.00akhs
c) Colateralisamustforal 4fakhs
Q.128.Isthereanyretailloaninbankswheresimpleinterestratechargedbybanks?
(a) HousingLoan
(b) CarLoan
(c) EducationLoan
(d) PersonalLoan
Q.129. IfthehousingloanisgrantedaboveRs.7.50lakhsbutuptoRs.10lakhinIndia.Howitisgoingto besecured?
a. Tangibleassettocover 100% SecuritylikeNSC/KVP/Bonds
b. Two personal guarantors withdoubletheamount of loan
c. Only are guarantor with worth over 10 lakhs
d. Noguarantorrequired
Q.130. Whatkindsofloansunder retailbankingaredisbursedinstages?
a) Houseunderconstruction/educationloan
b) Vehicleloanand personal loan
c) Personalloan andeducation loan
d) Houseunderconstructionloan and personnelloan
Q.131. Retail loan Processing Centres of banks are designed to?
a. Sourceretailassetbusiness
b. Processretail loans
c. Valuationwork/Legalopinionwork
d. Releasetheloaneitheratcentre'sendoradvisesanctiontobranches
Q.132. Processing of retail loans the models available are
a) Standaloneandcentralised
b) Loan factory andloanhub
c) Asset Processingmodel
d) Branches.model
Q.133. Stand alone model for retail loan processing means?
a. Processing independently at branch level
b. Sanctionatbranchlevelaspereligibility/obtainingofnecessarydocuments/valuationandlegalopinion
c. Both (a) + (b)
d. Processing and sanction done at central level
Q.134. Centralised model for retail loans processing refers to at -
a) Centralised place
b) Loan hub
c) Loan Factory
d) Head Office
Q.135. Write the full form of RLPC?
a. Reliance Licence Production Centre
b. Regional Level Primary Centre
c. Retail Loan Processing Centre
d. Retail Liquid Product Corporation
Answer-
|
85
|
D
|
86
|
C
|
87
|
A
|
88
|
C
|
89
|
D
|
90
|
A
|
91
|
B
|
92
|
A
|
93
|
C
|
94
|
D
|
|
95
|
C
|
96
|
D
|
97
|
A
|
98
|
C
|
99
|
D
|
100
|
D
|
101
|
A
|
102
|
A
|
103
|
B
|
104
|
B
|
|
105
|
B
|
10
|
C
|
107
|
C
|
108
|
A
|
109
|
A
|
110
|
A
|
111
|
B
|
112
|
B
|
113
|
A
|
114
|
E
|
|
115
|
A
|
11
|
B
|
117
|
A
|
118
|
D
|
119
|
A
|
120
|
A
|
121
|
A
|
122
|
A
|
123
|
D
|
124
|
A
|
|
125
|
A
|
12
|
C
|
127
|
A
|
128
|
C
|
129
|
A
|
130
|
A
|
131
|
D
|
132
|
A
|
133
|
C
|
134
|
A
|
|
135
|
C
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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