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Fun Fintech Quiz

Authored by jatin bhagat

Financial Education

University

Used 1+ times

Fun Fintech Quiz
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which loans that are end use controlled?

(End use controlled means the lender has a control over usage of the credit given. )

Type 1 and Type 2 Loans

Type 2 and Type 3

Loans

Type 3 and Type 4 Loans

Type 2 and Type 4

Loans

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main objective of OCEN?

To boost the reach of Personal Loans by efficiently facilitating short-term loans

To boost the reach of MSME Loans by efficiently facilitating short-term loans

To boost the reach of Personal Loans by efficiently facilitating long-term loans

To boost the reach of MSME Loans by efficiently facilitating long-term loans

Answer explanation

Media Image

Enabling Short Tenure Loans will increase penetration

MSME Credit Reach ~ 12-13%

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is the most prevalent method for underwriting unsecured personal loans?

Credit History based ML underwriting models

Bureau based Rule Engine (BRE)

Spends and Salary/Income based underwriting models

None of these

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is known as a Heart Attack risk in Lending?

Compliance Risk

Cost of Capital Risk

Liquidity Risk

Lending Risk

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are key example of Digital Public Infrastructure in Lending?

UPI

IndiaStack

OCEN

Credit over UPI

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the key aim of cKYC?

Aims to expedite the KYC process

Aims to centralise the KYC process and remove redundancy

Aims to make the process seamless for the end-user

Aims to make it completely digital

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Broad categorisation of Credit Discussed today

Secured and Unsecured Loans

Personal and Business Loan

Consumerism and Production Driven

Digital and Physical

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