WorksheetsRevision - Credit
Total questions: 15
Worksheet time: 8mins
The advance which has immediate outlay of funds is called ______.
Non-Fund based advance
Secured Advance
Fund based advance
Unsecured Advance
Which of the following is not one of the qualities of a good security?
Stability
Transferability
Ascertainability
Movability
______ is defined as “Bailment of goods as security for payment of a debt or performance of promise.”
Hypothecation
Pledge
Lien
Assignment
M/S Star India Pvt Ltd has availed credit facility to meet daily business needs. This facility provided by the bank is called as _________.
Unsecured advance
Working capital facility
Non-fund based advance
Term loan
Recent trends in borrower's line of activity and changing economic conditions that might impact his financial positions and thereby the ability to repay refers to which 'C' of credit?
Condition
Capacity
Collateral
Character
Charge created over the movable assets where neither the ownership nor the possession of goods is transferred to the creditor, but an equitable charge is created in favor of banker is called _________.
Pledge
Hypothecation
Lien
Assignment
Mrs. Sonia has availed housing loan from the bank. The tenure is 30 years. This facility is called as _______.
Working Capital Facility
Unsecured advance
Non-fund based facility
Term Loan
Identify which one is not a basic principles of lending?
Analysis
Safety
liquidity
Profitability
Willingness to repay – honesty, integrity, responsibility and attitude / commitment of the borrower to repay refers to which 'C' of credit?
Condition
Collateral
Character
Capital
Creation of charge over the movable assets like land and building is called as:
Mortgage
Hypothecation
Lien
Assignment
Letter of credit issued by bank on behalf of M/s Auto India to M/s Germany Automobiles is a ______ facility.
working capital facility
Term Loan
Fund based facility
Non-fund based facility
What is the maximum tenure for Personal Loan Repayment?
24 Months
36 Months
60 Months
48 Months
What is the minimum & maximum amount of Gold loan which can be availed from YES Bank?
Min - Rs.50,000 Max - Rs.25 lacs
Min - Rs.25,000 Max - Rs. 50 lacs
Min - Rs.50,000 Max - Rs.50 lacs
Min - Rs.25000 Max - Rs.25 lacs
To avail Gold Loan, Gold Ornaments have to be ________ with the bank.
Hypothecated
Mortgaged
Pledged
Assigned
Choose the incorrect option wrt. Personal Loans.
Personal Loans are usually “unsecured”
Personal Loan are usually a medium-term in nature.
The evaluation criteria for sanctioning such Loan include value of security offered by customer.
Interest rates on such loan is higher than home loan, car loan or gold Loan as there is a greater risk involved.
