Revision - Credit

The advance which has immediate outlay of funds is called ______.

• Non-Fund based advance

• Secured Advance

• Fund based advance

• Unsecured Advance

Which of the following is not one of the qualities of a good security?

• Stability

• Transferability

• Ascertainability

• Movability

______ is defined as “Bailment of goods as security for payment of a debt or performance of promise.”

• Hypothecation

• Pledge

• Lien

• Assignment

M/S Star India Pvt Ltd has availed credit facility to meet daily business needs. This facility provided by the bank is called as _________.

• Unsecured advance

• Working capital facility

• Non-fund based advance

• Term loan

Recent trends in borrower's line of activity and changing economic conditions that might impact his financial positions and thereby the ability to repay refers to which 'C' of credit? 

• Condition

• Capacity

• Collateral

• Character

Charge created over the movable assets where neither the ownership nor the possession of goods is transferred to the creditor, but an equitable charge is created in favor of banker is called _________.

• Pledge

• Hypothecation

• Lien

• Assignment

Mrs. Sonia has availed housing loan from the bank. The tenure is 30 years. This facility is called as _______.

• Working Capital Facility

• Unsecured advance

• Non-fund based facility

• Term Loan

Identify which one is not a basic principles of lending?

• Analysis

• Safety

• liquidity

• Profitability

Willingness to repay – honesty, integrity, responsibility and attitude / commitment of the borrower to repay refers to which 'C' of credit?

• Condition

• Collateral

• Character

• Capital

Creation of charge over the movable assets like land and building is called as:

• Mortgage

• Hypothecation

• Lien

• Assignment