WorksheetsFI Navigator Level 2
Total questions: 15
Worksheet time: 8mins
Up to what loan limit under the Baroda Kisan Credit Card scheme is generally no collateral security (beyond hypothecation of crops) required for short-term crop loans?
₹50,000
₹1 lakh
₹1.60 lakhs
₹2 lakhs
₹3 lakhs
The repayment period for short-term crop loans availed through Baroda Kisan Credit Card (BKCC) is typically fixed based on which factor?
A fixed period of 12 months from the date of sanction.
The farmer's repayment capacity assessed annually by the bank.
The harvesting and marketing period of the crops for which the loan was taken.
A maximum tenure of 5 years, subject to annual review.
The date of the last withdrawal from the KCC account.
While the primary purpose of KCC is production credit, it also addresses certain other needs. To what extent can the Baroda Kisan Credit Card be used for the consumption requirements of the farmer's household?
It cannot be used for consumption needs at all.
Up to 35% of the total KCC limit, specifically for consumption.
A fixed amount of ₹10,000, irrespective of the KCC limit.
Up to 10% of the limit for household, post-harvest, or consumption requirements.
The entire KCC limit can be used for any household expenses.
What is the typical validity period of a Baroda Kisan Credit Card (BKCC), and how is its continuity ensured?
Valid for 1 year and requires a fresh application annually.
Valid for 3 years, with automatic renewal for another 3 years.
Valid for 5 years, subject to annual review and satisfactory operation.
Valid until the farmer retires from agricultural activities.
Validity depends on the crop cycle, varying from 6 months to 18 months.
What is the additional interest incentive provided to farmers under the KCC scheme for prompt repayment of short-term crop loans up to ₹3 lakhs?
1%
2%
3%
4%
It varies by bank and is not government-mandated.
What is the maximum age limit for an individual borrower to avail a Baroda Kisan Credit Card (BKCC)?
60 years
65 years
70 years
75 years
No upper age limit, as long as farming continues.
For Baroda Kisan Credit Card loans above ₹1.60 lakhs, in addition to hypothecation of crops/assets, what type of security is typically required?
Only a third-party guarantee.
A fixed deposit equivalent to 50% of the loan amount.
Mortgage of land / creation of charge on land or a third-party guarantee.
No additional security, as all KCC loans are collateral-free above this limit.
Only liquid assets like gold or shares.
If a Baroda Kisan Credit Card (BKCC) account holder maintains a credit balance in their KCC account, what benefit do they typically receive on that credit balance?
No interest is paid on credit balances.
Interest at a higher rate than regular savings accounts.
Interest at the prevailing Savings Bank (SB) account rate.
A fixed incentive amount, regardless of the balance.
It is adjusted against future interest liabilities.
As per RBI guidelines, what is the maximum home loan amount a borrower can obtain for a property with a total project cost of ₹35 lakhs (inclusive of land cost and construction/purchase cost)?
₹28.00 lakhs
₹30.00 lakhs
₹31.50 lakhs
₹33.25 lakhs
₹35.00 lakhs
A self-employed business person, with no co-applicant, applies for a home loan. Assuming their business income is consistent and verifiable, what is the maximum age at which their home loan tenure is typically expected to mature (i.e., by when the loan should be fully repaid)?
60 years
65 years
70 years
75 years
No specific age limit for self-employed.
A 50-year-old government employee seeks a home loan without a co-applicant, with the loan tenure extending until they reach 70 years of age. Post-retirement, the loan repayment will be based solely on their net monthly pension. Considering the Fixed Obligation to Income Ratio (FOIR) as a critical determinant, what is the maximum percentage of their net monthly pension that a bank would typically allow to be allocated towards all fixed obligations, including the proposed home loan EMI?
40%
45%
50%
Only up to 60 years of age is considered.
A home loan applicant has a CIBIL score of 701. Given that most lenders typically require a minimum CIBIL score of 701 or higher for home loan approval, how does this score most likely impact their application compared to an applicant with a CIBIL score of 780?
The applicant with 701 will face an automatic rejection.
The applicant with 701 will likely receive the same interest rate and loan terms as the applicant with 780.
The applicant with 701 may be approved, but potentially with a higher interest rate or stricter loan conditions compared to the applicant with 780.
A score of 701 is considered excellent and offers no disadvantage.
The CIBIL score is irrelevant if other eligibility criteria are met.
What is the current upper age limit for an individual to be eligible for availing the PMJDY Overdraft (OD) facility, following the revision of the scheme's guidelines?
60 years
62 years
65 years
70 years
No upper age limit.
What is the nature of the PMJDY Overdraft (OD) facility, and what is its typical period of sanction?
It is a one-time term loan sanctioned for 12 months.
It is a fixed overdraft facility renewed annually for a maximum of 3 years.
It is a running OD facility in a savings bank account, sanctioned for 36 months subject to review.
It is a cash credit facility with a limit reviewed every 6 months.
It is a personal loan with a fixed repayment schedule over 5 years.
Minimum Rating Required for Home Loan Reimbursement
HL 8
HL 5
HL 3
HL 2
