Fun Fintech Quiz

Which loans that are end use controlled?

(End use controlled means the lender has a control over usage of the credit given. )

• Type 1 and Type 2 Loans

• Type 2 and Type 3

  Loans

• Type 3 and Type 4 Loans

• Type 2 and Type 4

  Loans

What is the main objective of OCEN?

• To boost the reach of Personal Loans by efficiently facilitating short-term loans

• To boost the reach of MSME Loans by efficiently facilitating short-term loans

• To boost the reach of Personal Loans by efficiently facilitating long-term loans

• To boost the reach of MSME Loans by efficiently facilitating long-term loans

Answer explanation

Enabling Short Tenure Loans will increase penetration

MSME Credit Reach ~ 12-13%

Which is the most prevalent method for underwriting unsecured personal loans?

• Credit History based ML underwriting models

• Bureau based Rule Engine (BRE)

• Spends and Salary/Income based underwriting models

• None of these

What is known as a Heart Attack risk in Lending?

• Compliance Risk

• Cost of Capital Risk

• Liquidity Risk

• Lending Risk

What are key example of Digital Public Infrastructure in Lending?

• UPI

• IndiaStack

• OCEN

• Credit over UPI

What is the key aim of cKYC?

• Aims to expedite the KYC process

• Aims to centralise the KYC process and remove redundancy

• Aims to make the process seamless for the end-user

• Aims to make it completely digital

Broad categorisation of Credit Discussed today

• Secured and Unsecured Loans

• Personal and Business Loan

• Consumerism and Production Driven

• Digital and Physical

Which of the following best describes an Account Aggregator?

• NBFC for Consent Based Data Exchange Management

• NBFC for consent management for data exchange

• NBFC for consent based data exchange between Financial Institutions

• NBFC for financial data exchange between any entities

What is the Business Model for Account Aggregator? Are they B2B or B2C or both?

• B2B - They charge FIUs for financial data and make money.

• B2C - They allow users to mange their consent. They can charge a fee for the same.

• B2B- They charge FIPs and FIUs for technology services

• B2C - They charge fees for allowing data exchange.

How was this session? Please rate on a scale of 5

1 being not at all helpful and 5 being extremely valuable

• 1. 1. Yuck

• 2. 2. Not up to the mark

• 3. 3. Ok Types

• 4. Good, but can be made better

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