WorksheetsFun Fintech Quiz
Total questions: 10
Worksheet time: 5mins
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
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
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
What is known as a Heart Attack risk in Lending?
Compliance Risk
Cost of Capital Risk
Liquidity Risk
Lending Risk
What are key example of Digital Public Infrastructure in Lending?
UPI
IndiaStack
OCEN
Credit over UPI
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
Broad categorisation of Credit Discussed today
Secured and Unsecured Loans
Personal and Business Loan
Consumerism and Production Driven
Digital and Physical
Which of the following best describes an Account Aggregator?
NBFC for Consent Based Data Exchange Management
NBFC for consent management for data exchange
NBFC for consent based data exchange between Financial Institutions
NBFC for financial data exchange between any entities
What is the Business Model for Account Aggregator? Are they B2B or B2C or both?
B2B - They charge FIUs for financial data and make money.
B2C - They allow users to mange their consent. They can charge a fee for the same.
B2B- They charge FIPs and FIUs for technology services
B2C - They charge fees for allowing data exchange.
How was this session? Please rate on a scale of 5
1 being not at all helpful and 5 being extremely valuable
1. Yuck
2. Not up to the mark
3. Ok Types
4. Good, but can be made better
5. Loved it
