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

Banking awareness quiz
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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 ?










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 ______ .










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








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










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 ?










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 ?










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










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 ?










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










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








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