Prarambh Training MCQ 1

What is Loan ?

• Sum of money that one or more individuals or companies borrow.

• Borrower & the Bank must agree on the terms of the loan.

• Asset to be pledged as a Collateral.

• All of the above

please find below the secured loan

• A. Credit Card

• B. LAP

• C. Home Loan

• B&C Both

• All of the above

What is Secured Loan ?

• A. Backed by Collaterals

• B. Not Backed by Collaterals

• C. Not have to offer collaterals

• B&C Both

What is the criterial of Loan ?

• Credit History

• Income

• Monthly Obligations

• All of the above

What is the benefit of BOB Home loans ?

• A. Income Tax saver

• B. Due Diligence of property

• C. BT Facility

• A&C Both

• All of the above

What types of loan interests are available in BOB?

• FIxed

• Floating

• all of the above

• Reducing

Can we offer Home loans to PIO's customer

• Yes

• No

What is the full for of OCI

• Overseas customer of India

• Overseas Citizen of India

• Outside citizen of India

• None of the above

Who all our target groups for HL

• Resident Indians

• NRI/PIO/OCI

• Staff Members - Public scheme

• Al of the above

What is the minimum age required for Co-applicant ?

• 20yrs

• 21yrs

• 18yrs

• 65yrs