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MCQs 1: Which of the following are the ways to repay the personal loan?

Equated Monthly Installments via Cheques Electronic Clearing Services Cash Both a and b
Answer Explanation

MCQs 2: The Mutual fund is constituted under the provisions of which of the following acts?

The Securities and Exchange Board Of India Act,1992 RBI Act,1934 Indian Trusts Act,1882 Indian Registration Act,1908.
Answer Explanation

MCQs 3: When did the private companies got the permission to set up Mutual Funds?

1992 1993 1994 1982
Answer Explanation

MCQs 4: Which of the following include the primary structure of the Mutual Funds?

Open-end funds Unit Investment Trusts Exchange traded Funds All of the Above
Answer Explanation

MCQs 5: What is the meaning of the term Repayment Capacity?

It is how much you pay in each EMI. It is the time in which one can repay Housing Loan. None of the options It is based on your monthly disposable income and other factors like spouse’s income, assets,
Answer Explanation

MCQs 6: What is the full form of APR?

Annual Priority Rates Annual Percentage Rates Amoritized Priority Rates None of the above
Answer Explanation

MCQs 7: Which of the following best defines the Reverse Mortgage Loan Scheme?

A reverse mortgage is a loan for seniors age 62 and older. These loans are secured over a residential property. These loans typically do not require monthly mortgage payments. All of the Above
Answer Explanation

MCQs 8: What is the repayment period for the Home loan for a NRI?

30 Years 40 Years 60 Years 65 Years
Answer Explanation

MCQs 9: When was the Factoring Regulation Act passed in India?

2011 2000 1991 2001
Answer Explanation

MCQs 10: Factoring Business is also known as by which of the following names?

Accounts Receivable Factoring Asset Based Lending Invoice Factoring All of the Above
Answer Explanation

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