MCQS RETAIL ASSETS 2023-24

In case of loans for pre-owned cars one of the following is true

• 75% of the latest Market Value as per valuation certificate issued by certified pre owned car dealer
• 90% of invoice value / agreement value
• 80% of the insured declared value (IDV) as per motor insurance policy)
• All are correct

What is the maximum loan that can be given under Baroda Skill Loan Scheme ?

• 0.50lacs
• 1.00 lac
• 1.50 lacs
• 2.50 lacs
• 5.00 lacs

What is the maximum loan that can be given to Gold C Category of employees

• 10 lacs
• 15 lacs
• 20 lacs
• 25 lacs
• none of these

Baroda Education Loan for EDP Programmes being offered by Premier Institutions in India is eligible under _ scheme

• Baroda Vidya
• Baroda Gyan
• Baroda Scholar
• Baroda Skill Loan Scheme
• none of these

One of the Following additional costs are not to be considered while calculating LTV

• Infrastructure Cost
• One time generator charges
• society / maintianence devleopment fund
• Cost of Roof Top Solar Photo Voltaic System
• none of these

What is the maximum lendable amount to Shekhar in case his average GMI is 75000 and FOIR is 60% and average NMI is 60000

• 45000
• 36000
• 30000
• 24000
• none of these

In case of baroda loan to corporates, loans can be given to SPVs provided:

• Parent company fulfills all eligible norms
• Parent company agrees to stand as a guarantor for home loan.
• parent company gives an undertaking to service the home loan in addition to guaranteeing the home loan.
• 1 & 2 only
• All of the above

What is the maximum amount that can be sanctioned without security for student availing loan under Baroda Gyan Scheme whose student have got admission in Institutions under List- AA

• 20 lacs
• 30 lacs
• 40 lacs
• 50 lacs
• none of these

Bank has recently introduced fixed rate of interest in retail schemes. Which are the retail retail schemes ?

• Baroda Auto Loan
• Baroda Mortgage Loan
• Baroda Person Loan
• 1& 2 both
• none of these

What is the maximum margin that is required if residual maturity period is less than 3 years

• 10%.
• 15%.
• 20%.
• 30%.
• none of these