Banking awareness quiz 39 (On details of bank Loans 2)

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Q 1)Revolving credit is a line of credit where the customer pays a commitment fee and is then allowed to use the bank funds when they are needed,Which of the following is not a revolving credit ?

Cash credit

Credit card transactions

Debit card transactions

Overdraft

Q 2) if the interest rate of the loan varies based upon Base rate of bank during the loan period then it is known as ______ .

Floating interest rate

viable interest rate

dynamic interest rate

variable interest rate

Q 3) What is the time peroid during which the loan term when the borrower is not required to make any repayment ?

Relax period

Happy period

Moratorium period

Holy period

Q 4)The spreading of loan amount along with interest over multiple periods known as _______ .

Spread sheeting

Amortization

loan spreading

Loan structruing

Q 5) Which of the following is the rightful owner of the property and lease the ownership of property to others for specified aggreed period ?

Fanchiese

Tenant

Lesse

Lessor

Q 6) A bailor transfers possession, but not ownership, of a good to another party, known as the bailee.What is name of this procedure ?

billing

bailing

bailment

Possesionship

Q 7) What is the name of Fixed properties or other properties that borrower offers to lender to secure loan ?

Collateral security

Fixed security

Constant security

Standard security

Q 8) What the legal right of a creditor to sell the collateral property of a debtor who fails to meet the obligations of a loan ?

Line over the property

Lien over the property

Right over the property

Legality over the property

Q 9) If you take loan by transferring collateral security to the lender then then it is known as ______ .

Reverse mortgage loan

Hypothecation loan

Mortgage loan

Pledge Loan

Q 10) If you take the loan by keeping raw materials as collateral security then the loan known as __________.

Pledge Loan

Mortgage loan

Hypothecation loan

House Loan

Take More Banking Awareness Quizzes from below

• Banking awareness quiz 42(On first time inventories in Banking History 2)
• Banking awareness quiz 41(On first time inventories in Banking History)
• Banking awareness quiz 40(On Bank Loans3)
• Banking awareness quiz 38(On Bank Loans)
• Banking awareness quiz 37(Cheques)

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