With effect from the financial year beginning from 1st January 2011 onwards, the default period for classifying a loan as impaired by banking institutions will be 6 months.
FIN368: Chapter 5 - Problem Loans and Loans Workout

Quiz
•
Business
•
University
•
Medium
HASMAH JAMALURUS
Used 2+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
True
False
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Impaired loans will be reclassified as non-impaired loans upon full settlement of all arrears in interest or principal.
True
False
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Loans workout is defined as a mutual agreement between a lender and borrower to renegotiate terms on a loan that is technically in default to avoid foreclosure or liquidation.
True
False
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A Cooperative workout agreement (CWA) is done at the final stages of loan recovery, which involves negotiation between both parties without resorting to legal action.
True
False
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The purpose of applying for a court order to declare bankruptcy is to provide an orderly manner in the repayment of debts.
True
False
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A trustee has been appointed to take care of Maju Holding’s assets. The trustee is responsible for liquidating the assets and dividing proceeds among creditors. Which of the following loan recovery technique represent the situation?
Reduce Debt to Judgment
Writ of seizure
Garnishee order
Bankruptcy
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
East Bank has converted borrowers' pledged assets into cash to settle down the loan repayment balance and interest due. Which of the following loan recovery techniques represent the situation?
Cooperative workout agreement (CWA)
Collateral liquidation
Enforcement of judgment
Reduce Debt to Judgment
Create a free account and access millions of resources
Similar Resources on Wayground
11 questions
Financial Terms Quizs

Quiz
•
12th Grade - University
10 questions
FIN368: Chapter 3 - Credit Analysis

Quiz
•
University
10 questions
Chapter 8 Short-Term Financing

Quiz
•
University
10 questions
BORROWINGS PART 2

Quiz
•
12th Grade - University
10 questions
3.2 Sources of Finance

Quiz
•
9th Grade - University
10 questions
Final Exam

Quiz
•
University
14 questions
The Consumer Credit

Quiz
•
University
10 questions
PARTNERSHIP- LIQUIDATION

Quiz
•
University
Popular Resources on Wayground
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers

Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade