Junior Associates 2023 Quiz No. 02

Any additional security provided by the borrower is called

• Clean Security

• Floating Security

• Primary Security

• Collateral Security

The amount contributed by the borrower to the project/activity is called

• Contribution

• Share

• Margin

• None of the above

Which type of loan is sanctioned for acquisition of fixed assets

• Demand Loan

• Overdraft

• Cash Credit

• Term Loan

Type of charge created on movable is called

• Pledge

• Mortgage

• Lien

• Hypothecation

This charge created on immovables like land and building etc is called as

• Lien

• Pledge

• Hypothecation

• Mortgage

Maximum loan amount that can be sanctioned under SBI Global Ed-Vantage scheme is

• Rs.1.50crores

• No upper limit

• Rs.5crores

• Rs.2crores

Moratorium period available in SBI Global Ed-Vantage loan is

• 2 years

• 6 months after completion of course

• 12 months

• 6 months after getting the job

Mr. Kunal is a retired Army Officer. His age is 50 years. He came to you for Pension Loan. What is the maximum repayment period permitted for Pension Loan?

• 72 months

• 48 months

• 60 months

• 84 months

Which of the following method is followed for verifying purity of Gold ornaments

• Touch stone method

• Specific Gravity Method

• both a & b

• Testing is done by Gold appraiser

For family pensioner, EMI/NMP ratio should not exceed

• 33 %

• 55%

• 60%

• 50%