Credit for clerks exit test quiz

Sanctioning authority upto Grade/ Scale III are authorized to sanction Baroda mortgage Loan upto ---

• Rs. 100 lacs
• Rs. 75 lacs
• Rs. 50 lacs
• Rs 25 lacs

What is the minimum loan amount we can sanction under BML to non individuals?

• Rs. 1.00 lac
• Rs. 2.00 lacs
• Rs. 3.00 lacs
• Rs. 5.00 lacs

Minimum Turnover of the firm as per last ABS should be ------<br />in BML to non individuals?

• 50 lacs
• 75 lacs
• 100 lacs
• 200 lacs

Margin requirement of the immovable property in BML to non- individuals is --------

• 40% of market value of the property
• 40% of the realisable value of the property
• 50% of market value of the property
• 50% of realisable value of the property

The term hypothecation is defined in which of the following

• Indian Contract Act
• SARFAESI Act
• Sales of Goods Act
• Not defined in any Act

Advances against their own shares are not allowed by banks because these are prohibited under:

• RBI Act 934
• Negotiable Instrument Act
• Banking Regulation Act 1949
• SEBI Act

In which of the following Metro cities, Home Loan limit can be considered @`Rs. 20.00 Cr?

• Delhi
• Mumbai
• Chennai
• Kolkata

Housing loan is allowed to purchase of plot and with a condition that house will be constructed within 3 years. If a borrower fails to do so, he is liable to:

• has to pay additional commitment charges
• has to pay penalty as additional processing charges
• Branch to charge commercial rate of interest from the date of first disbursement.
• he may construct house without any time limit as per the situation and condition

Against the securities of National Savings Certificate, prescribed mode of calculation of interest is:

• Separate account wise against securities where interest rates are different
• Weighted Average method is to be applied in case of consolidated limit to one borrower against securities where interest rates are different
• In one account only @ against the security where interest rate is high
• Simple interest is calculated

To extend financial assistance for construction /purchase<br />/repairs/extension of dwelling units under the Golden Jubilee Rural Housing Finance Scheme, the borrower must be from:

• Metro
• Rural area
• Semi urban area
• Urban area