Which of the following categories does a loan typically fall under?

• Healthcare services
• Entertainment solutions
• Financial services
• Educational programs
• Transportation systems

Can people deposit cash with NBFCs?

• Yes, they can deposit cash without any restrictions.
• No, they are prohibited from depositing cash
• Yes, but only Deposit Taking NBFCs accept cash deposits.

• Yes, but only from institutional investors
• No, only HNIs can do it.

What does NBFC stand for in the financial industry?

• National Bank for Financial Cooperation
• Non-Banking Financial Company
• New Banking and Finance Consortium
• Non-Business Financial Corporation
• National Budgetary Fund Committee

Amit Rajpal takes a loan from Kotak Bank without submitting any collateral, what type of loan is it?

• Secured loan
• Unsecured loan
• Mortgage loan
• Installment loan
• Loan against Property

Which of the following is NOT a type of financial institution?

• Bank
• Credit Union
• Insurance Company
• Retail Store
• Investment Firm

What is the PRIMARY function of a credit score?

• To measure a person's financial assets
• To predict your credit behavior, such as how likely you are to pay a loan back on time

• To determine a person's annual income
• To evaluate a person's spending habits
• To calculate a person's net worth

What is the PRIMARY purpose of a Business Term loan?

• To provide funds for business usage like expansion, new equipment, etc.

• To finance the purchase a Car for personal use

• To cover unexpected emergencies at personal level

• To fund research and development projects

• To pay off personal debts of the business owner

In the lending industry, what does the acronym ROI stand for?

• Return on Investment
• Rate of Interest
• Revenue Over Income
• Risk of Inflation
• Ratio of Investment

Which of the following is typically NOT considered as a factor in determining a borrower's creditworthiness?

• Income Level
• Employment History
• Social Media Activity
• Credit Score
• Debt-to-Income Ratio

What does the term 'AMORTIZATION' refer to in lending?

• The process of transferring loan ownership between lenders
• The legal documentation required to initiate a loan agreement
• The gradual repayment of a loan through scheduled installments
• The process of evaluating the market value of collateral assets
• The insurance coverage provided to lenders against borrower default