Retail Loan Beginner Test for DROs

Which one amongst the following is not a factor mentioned under the concept of 5 c's of borrower?

• Character
• Collateral
• Common Sense
• Capacity
• Condition

In Banking, Letter of Credit is -

• A contractual agreement between a bank and a buyer that guarantees payment to a seller for goods or services
• A financial institution's promise to cover a debtor's liabilities if the debtor fails to meet their obligations
• A document that provides assurance that a party will meet an obligation
• a legal instrument issued by a bank on behalf of its client, providing a guarantee of its commitment to pay the seller if its client (the buyer) defaults on the agreement

Valuation report will NOT consist of valuer's opinion about which of the following type of value of property?

• Registered Value
• Realizable Value
• Market Value
• Distress Value

In title search report / title clearance report, title of any property to be mortgaged is traced for ________ years in general.

• 13
• 30
• 25
• 35

Which of the following factors will NOT be covered under Pre sanction inspection report?

• Residential address verification
• Employment verification
• Bank statement verification
• Title clearance of the property
• Form 16 verification

For considering LTV for top up loans (after 12 months or more of availing home loan on the same property), ________________ is considered as value of the mortgaged property.

• Registered Value
• Realizable Value
• Market Value
• Distress Value

In case of properties acquired within last ______ months, amount of Registered Sale Deed or the realizable Value whichever is lower should be taken as value of property

• 18
• 36
• 3
• 12
• 24

If a loan is applied for acquiring a property in 2024 and said property had been sold earlier on 2003, 1993, 1982 and 1967, sell deeds for which of the years will be required ro be scrutinized for providing Title Clearance Report of the property?

• Only 2003
• 2003 and 1993
• 2003, 1993 and 1982
• All 4 of the deeds

Which version of consumer cibil is considered in BOB for loan processing?

• CIBIL TransUnion Score 2.0
• CIBIL NTC Score
• CIBIL Creditvision Score
• CIBIL MSME Rank

Which of the following is NOT a purpose of Home Loan?

• Purchasing a covered garage on standalone basis
• Purchasing a flat along with a parking space
• Purchase of land and construction thereon
• Construction of additional floors in an existing residential building