Description : A legal agreement between the lender and borrower where real estate property is used as a collateral for the loan is termed as ________ A. Mortgage B. Reverse Mortgage C. Repossession D. Refinance
Last Answer : A. Mortgage Explanation: A loan that is secured by property or real estate is called a mortgage. In exchange for funds received by the homebuyer to buy property or a home, a lender gets the promise of that buyer to pay back the funds within a certain time frame for a certain cost.
Description : A trad-able form of loan is normally termed as ________ A. Certificate of Deposit (CD) B. Inter Bank term Money C. Bill Re-discounting D. Debt Instrument E. None of the Above
Last Answer : D. Debt Instrument Explanation: A trad-able form of loan is normally termed as a Debt Instrument. They are usually obligations of issuer of such instrument as regards certain future cash flow representing Interest & Principal, which the issuer would pay to the legal owner of the Instrument.
Description : Taking back of property by a seller or a lender from the buyer or borrower due to default of payment is termed as ________ A. Reconveyance B. Repossession C. Recurring Billing D. Revalidation
Last Answer : B. Repossession Explanation: Repossession is a term used to denote a financial institution taking back an object that was either used as collateral or rented or leased.
Description : The practice of lending money to unrelated individuals, or “peers”, without going through a traditional financial intermediary such as a bank or other traditional financial institution is called__________ A. B2B transactions B. C2C transactions C. P2P lending D. PPP Model E. P2P Investing
Last Answer : C. P2P lending Explanation: P2P lending, is the practice of lending money to individuals or businesses through online services that match lenders directly with borrowers.
Description : What is the term for a bank without any branch network that offers its services remotely? A. Internet only Banks B. Direct Bank C. Lending Institution D. Indirect Bank E. Online Bank
Last Answer : B. Direct Bank Explanation: A direct bank is a bank without any branch network that offers its services remotely via online banking and telephone banking and may also provide access via ATMs ... savings which they may pass on to clients via higher interest rates or lower service charges.
Description : Which of the following is/are functions of CERSAI? A. check frauds in lending against equitable mortgages B. maintains a central registry of equitable mortgages C. Provides loan D. Both (A) and (B) E. None of these
Last Answer : D. Both (A) and (B) Explanation: CERSAI was primarily created to check frauds in lending against equitable mortgages, in which people would take multiple loans on the same asset from different ... and hypothecation as well as to start registration of all other types of mortgages used in India.
Description : A debt which is irrecoverable and is therefore written off as loss in the accounts of an institution or bank is known as __________ A. external debt B. good debt C. bad debt D. internal debt
Last Answer : C. bad debt Explanation: The term bad debts usually refers to accounts receivable (or trade accounts receivable) that will not be collected.
Description : Repo Market means (a) A money market instrument which helps in collateral short term borrowing and lending through sale and purchase operation in debt instrument (b) A money market ... instrument which helps in collateral short term borrowing through sale and purchase operation in debt instrument
Last Answer : (a) A money market instrument which helps in collateral short term borrowing and lending through sale and purchase operation in debt instrument
Description : To become BBPOUs, Banks and non-bank entities are mandatorily required to apply for approval / authorisation to Reserve Bank of India under ________ A. Payment and Settlement Systems (PSS) Act 2007. B. Foreign ... Act, 1999 C. Banking Regulation Act, 1949 D. SARFAESI Act, 2002 E. None of the Above
Last Answer : A. Payment and Settlement Systems (PSS) Act 2007. Explanation: To become BBPOUs, Banks and non-bank entities are mandatorily required to apply for approval / authorisation to Reserve Bank of ... PSS) Act 2007. Bharat Bill Payment Operating Units (BBPOUs) will be the authorised operational units.
Description : Where is the best place to get an unsecured personal loan for debt consolidation of around $19k?
Last Answer : You might want to check out Propser, a peer-to-peer lending site.
Description : What banks offer the best interest rates on a debt consolidation loan in the Boston area?
Last Answer : There are a lot of banks that offer good interest rates on debt consolidation loans. The best one to choose is Regions.
Description : How will a consolidation loan effect my finances with $20,000 in credit card debt?
Last Answer : A consolidation loan will pay off all of your bills and give you one payment. This program will only really work if you cut up your credit cards and have discipline.
Description : Is it wise to obtain a debt consolidation loan?
Last Answer : Any time you can obtain a debt consolidation loan it is a good idea. This is especially true if you can lower your interest rate. You will simplify your finances and also get on a rigid repayment plan.
Description : How do you know if a debt consolidation loan is a good idea?
Last Answer : Debt consolidation loans are good for people who are trying to keep track of lots of small bills like maxed out low limit credit cards, or for people with multiple student loans. By putting all the ... loan includes it, your rate will be higher and you will wind up paying more over time.
Description : Can I get a debt consolidation loan with bad credit?
Last Answer : I don't see why not. Here's a good article I found that will help you: http://www.lendingtree.com/debt-consolidation/advice/ I hope that helps.
Description : What is the different of the consolidation debt loan from other debt loan?
Last Answer : Obligation solidification and obligation repayment assist you with paying off your obligation load, yet they do as such in various manners and by utilizing various systems. affordabledebtconsolidation Obligation ... pay a lower sum than what you owe, frequently in a single amount settlement.
Description : What bank will give me a loan to pay off the debt I accumulated in college?
Last Answer : Banks such as Bank of America and Fidelity are very good at handing out loans that can be used towards college debts and school tuition, as they have good return policies.
Description : A provision in some loans that allows the borrower to change the interest rate from fixed to variable or Vice Versa is termed as __________ A. Convertible Bond B. Convertible Clause C. Convertible Security D. None of the Above
Last Answer : B. Convertible Clause Explanation: A provision that can be found on some bonds allowing the bondholder to exchange their debt into common stock.
Description : Is there a free federal program that provides debt consolidation advice online?
Last Answer : On the .Gov pages is a long list of place that handle free federal program that provides debt consolidation advice. All they need to know is your location and they can help up in your own state.
Description : Which of the following will impair the independence of a CPA in public practice? a. He has his name and address listed on a one-page section of the telephone book. b. He obtained a loan from a bank ... one share of the client's capital stock. d. He failed to disclose a client's departure from GAAP.
Last Answer : He holds one share of the client's capital stock.
Description : A very large loan extended by a group of small banks to a single borrower is known as ______ A. Secured loan B. Syndicated loan C. Non-Recourse loan D. No Documentation loan
Last Answer : B. Syndicated loan Explanation: A syndicated loan is a loan offered by a group of lenders (called a syndicate) who work together to provide funds for a single borrower. The borrower could be a ... government). The loan may involve fixed amounts, a credit line, or a combination of the two.
Description : A loan which is secured by collateral and for which borrower is not personally liable is called __________ A. Secured loan B. Syndicated loan C. Non-Recourse loan D. No Documentation loan
Last Answer : C. Non-Recourse loan Explanation: A non-recourse debt is a type of loan that is secured by collateral, which is usually property. If the borrower defaults, the issuer can seize the collateral ... any further compensation, even if the collateral does not cover the full value of the defaulted amount.
Description : Which of the following was/were established under the Recovery of Debts Due to Banks and Financial Institutions Act (RDDBFI Act), 1993? A. DRTs B. DRATs C. ATs D. Both (A) and (B) E. None of the Above
Last Answer : D. Both (A) and (B) Explanation: The Debts Recovery Tribunals (DRTs) and Debts Recovery Appellate Tribunal (DRATs) were established under the Recovery of Debts Due to Banks ... specific objective of providing expeditious adjudication and recovery of debts due to Banks and Financial Institution.
Description : Which among (he following is not the outcome of decrease in prime lending rate? (1) to raise the bank loan (2) decline in saving rate (3) decline in productivity (4) increased demand of consumer products
Last Answer : (3) decline in productivity Explanation: Prime rate or prime lending rate is a term applied in many countries to a reference interest rate used by banks. The term originally indicated the rate ... falls to meet the new lower demand. Less output requires fewer worker, driving unemployment higher.
Description : Which among the following is not the outcome of decrease in prime lending rate ? (1) to raise the bank loan (2) decline in saving rate (3) decline in productivity (4) increased demand of consumer products
Last Answer : decline in productivity
Description : What is the name of the leading lending financial institution in the expansion of agriculture in India ?
Last Answer : NBARD Bank is one of the leading lenders in the field of agriculture in India.
Description : Which term refers to the percentage rate the lending institution charge for the use of its money?
Last Answer : interest rate
Description : FHA Lending institution in Portage, IN?
Last Answer : Private Lending Group is approved for that. 150 N Michigan Ave # 2740, Chicago, IL�?? - (312) 938-0492�??
Description : Explain the values which a borrower should observe for the proper use of loan taken. -SST 10th
Last Answer : 1. A borrower, firstly, needs to be financially independent as well as capable of repayment of a loan taken for various economic activities such as business set up, agricultural needs or ... (profit) in order to establish himself and also contribute towards the country's wider development aspect.
Description : What would the lender do in case the borrower fails to repay the loan? -SST 10th
Last Answer : If the borrower fails to repay the loan, the lender has the right to sell the asset or collateral to obtain payment.
Description : When a borrower receives a discount loan the interest total is subtracted from the principal and the borrower receives the remainder what is remainder of the loan called?
Last Answer : loan proceeds
Description : Where can we go to get a loan to pay off debt?
Last Answer : Loans to pay down or pay off debt can be found at a few locations. The interest rate will be higher if you possess a low credit score. Banks. credit unions, or even family members may be able to assist you.
Description : Where can I find more information about loan to pay off credit card debt?
Last Answer : There are a lot of sites offering advice on this topic. The first one I found is here: http://www.fool.com/personal-finance/credit/9-ways-to-pay-off-debt.aspx
Description : Mechanical digestion is the fragmentation of food aided by specialized physical structures, such as teeth, previous to extracellullar digestion. The mechanical fragmentation of food helps digestive ... there are mandibles and chewing muscles to triturate food previous to the chemical digestion.
Last Answer : Concerning extracellular digestion what is meant by chemical digestion?
Description : Which, institution is known as the ‘Soft Loan Window’ of World Bank ? (A) I.F.C. (International Financial Corporation) (B) I.D.A. (International Development Association) (C) I.M.F. (International Monetary Fund) (D) Indian Development Forum
Last Answer : Answer: I.D.A. (International Development Association)
Description : Which one of the following is not the feature of MS - Word: a) Multiple document/files can be merged b) Margins and page length can be adjusted as desired c) Spelling can be checked and modified ... facility d) Provides tools such as data consolidation, goal seek, scenario etc. e) None of The Above
Last Answer : d) Provides tools such as data consolidation, goal seek, scenario etc
Description : The ratio of settlement at any time 't' to the final settlement, is known as (A) Co-efficient of consolidation (B) Degree of consolidation (C) Consolidation index (D) Consolidation of undisturbed soil
Last Answer : (B) Degree of consolidation
Description : The ultimate consolidation settlement of a soil is (A) Directly proportional to the voids ratio (B) Directly proportional to the compression index (C) Inversely proportional to the compression index (D) None of the above
Last Answer : (B) Directly proportional to the compression index
Description : Pick up the correct statement from the following: (A) Coefficient of compressibility is the decrease in void ratio per unit increase of pressure (B) The percent settlement at any time is called degree of consolidation (C) Time factor is a dimensionless quantity (D) All the above
Last Answer : Answer: Option D
Description : The ultimate consolidation settlement of a structure resting on a soil (A) Decreases with the increase in the initial voids ratio (B) Decreases with the decrease in the plastic limit (C) Increases ... increase in the initial voids ratio (D) Increases with the decrease in the porosity of the soil
Last Answer : Answer: Option A
Description : In clay soil (A) Swelling and shrinkage characteristics prevail (B) Consolidation continues even after several years of construction (C) Differential settlement is generally prevalent (D) All the above
Description : Settlement due to creep in soils is contingent on : (a) Primary consolidation (b) Secondary consolidation (c) Initial settlement (d) Compaction settlement
Last Answer : (b) Secondary consolidation
Description : Issuance of stamp duty on bonds is under ________ A. The Companies Act, 1956 B. The Public Debt Act 1944. C. Indian Stamp Act 1899 (Central Act) D. Reserve Bank of India Act, 1934 E. Both (A) and (C)
Last Answer : C. Indian Stamp Act 1899 (Central Act) Explanation: Issuance of stamp duty on bonds is under Indian Stamp Act 1899 (Central Act). A bond is transferable by endorsement and delivery without payment of any transfer stamp duty.
Description : Sub-prime lending refers to ________ A. lending done by banks at rates below PLR B. Funds raised by the banks at sub-libor rates C. Group of banks which are not rated as ... institutions including banks to customers not meeting with normally required credit appraisal standards E. All of the Above
Last Answer : D. lending done by financing institutions including banks to customers not meeting with normally required credit appraisal standards Explanation: In finance, subprime lending (also referred to ... schedule, sometimes reflecting setbacks, such as unemployment, divorce, medical emergencies, etc.
Description : When a Bank provides a loan for purchase of white goods, it is categorised as _____________ A. Consumption loan B. White Goods loan C. Consumer Durable loan D. Working Capital
Last Answer : C. Consumer Durable loan Explanation: Consumer Durable loan is a finance option for purchase of (White Goods) household items like Washing Machines, Refrigerators, AC, LED, LCD, Microwaves etc.
Description : Is it generally better for your credit score if you pay off old debts or if you file for bankruptcy?
Last Answer : Better to pay off. Bankruptcy puts a big mark on you credit report, no one wants to get left holding the bag when you opt out of your debt. Bankruptcy takes the legal obligation away, but does not clear your record.
Description : I know when you go to the army they pay off your college debts, but are there specific colleges you have to go to or can you go to any college you want?
Last Answer : The only military education programs I am aware of are the Military Academies, and the money they make available to pay your college tuition at any college that you are accepted to, after you have completed your military duty. I have not heard of any plan that pays off your college debts.
Description : If you have a credit card with a balance of 754.43 at a 13.6 APR. If you have 300.00 available each month to save or pay down your debts. a. How many months will it take to pay off the credit card if?
Last Answer : It will be paid off after 4 months of payments. In total you will pay $1,056.53, which is $302.10 in interest. Remember kids, use your credit wisely.
Description : A non performing Asset in Banking Business means ________ A. A fixed asset of Bank is not been utilized B. A portion of deposits not been utilized C. A loan asset on which interest and/or instalments remain unchanged. D. All of the Above E. None of the Above
Last Answer : C. A loan asset on which interest and/or instalments remain unchanged. Explanation: A nonperforming asset (NPA) refers to a classification for loans on the books of financial institutions that are in ... is classified as nonperforming when loan payments have not been made for a period of 90 days.
Description : An EEFC account can be held only in the form of a ________ A. Current Account B. Savings Bank Account C. loan Account D. All of the Above E. None of the Above
Last Answer : A. Current Account Explanation: An EEFC(Exchange Earners‘ Foreign Currency Account) account can be held only in the form of a current account. No interest is payable on EEFC accounts.