Bank Of Baroda Gold Loan Scheme

Type of Security considered for availing the gold loan?

• Hypothecation of standing crop & assets created out of Bank finance.

• Pledge of Gold ornaments/ Jewellery/ Gold coins sold by the Banks (weight of which should not exceed50 grams per customer).

• Lien Gold ornaments/ Jewellery/ Gold coins

• Assignment of Gold ornaments/ Jewellery/ Gold coins

Type of Facility available under the Gold loans are?

• Cash Credit, Demand Loan.

• Cash Credit, Demand Loan, Overdraft & Term Loan.

• Cash Credit, Overdraft & Term Loan.

• Demand Loan, Overdraft & Term Loan.

In the repayment clause, the interest/principal servicing be synchronized with the harvest of crop and cashflow, depending on the activity of the borrower.

• True

• False

• Maybe

• None of the above

Who among the following is the sanctioning authority for gold loan up to Rs 50.00 lakhs per customer, both individually and collectively, under all schemes of gold loan segment? (Branch is headed by Scale1 or 2)

• Branch Manager of scale II

• Regional Head

• Branch Manager of scale I

• In Charge of Gold Loan Shoppe

Who is the sanctioning authority for Gold loans to staff of Regional office?

• BH of concern branch where loan is going to park

• Regional Manager of the Region

• Zonal Head

• Dy. Zonal Head/Zonal Head/GM Zonal Head

What is the maximum sanction limit for Gold Loan per borrower?

• Rs. 10.00 lakh

• Rs. 50.00 lakh

• Rs. 3.00 lakh

• Rs. 15.00 lakh

What is the validity of the agreement between the Umbrella Assayer and the Bank?

• 02 Years

• One Month

• Five Years

• No Expiry Date

Which of the following is one of the duties of the Assayers enrolled by Umbrella Assayer?

• Making Labels

• Checking Quality and Weight of Jewels

• Sanctioning Loans

• Enters Bank Vault

Min and max age to avail gold loans are ........... and ..............?

• 18 , 60

• 18,70

• 21,60

• 21,70