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WorksheetsPrarambh Training MCQ 1
Total questions: 20
Worksheet time: 20mins
What is Loan ?
Sum of money that one or more individuals or companies borrow.
Borrower & the Bank must agree on the terms of the loan.
Asset to be pledged as a Collateral.
All of the above
please find below the secured loan
A. Credit Card
B. LAP
C. Home Loan
B&C Both
All of the above
What is Secured Loan ?
A. Backed by Collaterals
B. Not Backed by Collaterals
C. Not have to offer collaterals
B&C Both
What is the criterial of Loan ?
Credit History
Income
Monthly Obligations
All of the above
What is the benefit of BOB Home loans ?
A. Income Tax saver
B. Due Diligence of property
C. BT Facility
A&C Both
All of the above
What types of loan interests are available in BOB?
FIxed
Floating
all of the above
Reducing
Can we offer Home loans to PIO's customer
Yes
No
What is the full for of OCI
Overseas customer of India
Overseas Citizen of India
Outside citizen of India
None of the above
Who all our target groups for HL
Resident Indians
NRI/PIO/OCI
Staff Members - Public scheme
Al of the above
What is the minimum age required for Co-applicant ?
20yrs
21yrs
18yrs
65yrs
Can applicant make anyone as an co-opplicant if he/she are not close relative ?
Yes, only consider if he/she are the joint owner of property
No, only close relative can be a Co-applicant
Rahul is purchasing old dwelling unit which is 26 years old, what documents we required to process application ?
A. DMCC Certificate
B. RMCC Certificate
All of the above
In case the borrower fails to complete the construction of the house within the period of three years what will be the consequences
Customer need to pay Penalty
Customer need to pay extra ROI
Commercial ROI will be charged
If customer want to buy home at Urban area, what will be the maximum loan limit ?
10cr
5cr
3cr
1cr
Total deduction is not to be exceed if customer monthly income is 2lac to 5 lac in Salary scenario
50%
60%
70%
75%
what is the minimum LTV ratio if customer by home loan of 55lac ?
Above 90%
More Than 80% but up to 90 %
Depending upon CIBIL
75%
What is the full form of CIBIL
Credit Information Bureau (India) LTD
Credit Investigation Bureau (India) LTD
Credit Investigation Bouncing (India) LTD
Cure Information Bureau (India) LTD
What minimum CIBIL required to source application
701
750
751
801
What is the Take Over norms ?
A. Minimum cut off CIBIL Score must be 700
B. Minimum 12 EMIs must have been paid
C. Moratorium period must have been completed with the existing lender
All Of the above
What is the maximum limit we can offer to a customer in Metro Area ?
1 Cr
3 Cr
5 Cr
7.5 Cr
