SEBI - Investor Certification Examination
SEBI - Investor Certification Examination
Q 16. What are Housing Loans used for?
- Purchasing vehicles
- Financing agricultural operations
- Purchasing consumer durables
- Education Expenses
Q 17. Who are Agriculture Loans provided to?
- Students
- Business owners
- Farmers
- No specific group
Q 18. What can Consumer Durable Loans be used for?
- Purchasing vehicles
- Financing agricultural operations
- Purchasing consumer durables like televisions, refrigerators, etc.
- Renovating a house
Q 19. What is considered in the 5 Cs of credit analysis?
Comfort, Confidence, Credibility, Conditions, Capital
Capacity, Character, Capital, Collateral, Conditions
Currency, Credit, Collateral, Conditions, Capital
Creativity, Carefulness, Credit, Collateral, Capacity
Q 20. Which C represents the prospective borrower's ability to repay the loan?
Character
Capital
Capacity
Conditions
Q 21. What does Character signify in the 5 Cs of credit?
Trustworthiness of the borrower
Amount of money invested in the business
Purpose of availing of the loan
Current economic conditions
Q 22. What does Capital indicate in credit analysis?
Borrower's capacity to repay
Trustworthiness of the borrower
Money personally invested in the business
Purpose of availing of the loan
Q 23. What role do credit information agencies play in loan application processing?
Evaluating loan purposes
Assessing borrower's capacity
Checking credit scores and s
Determining loan interest rates
Q 24. What is the significance of a high credit score in loan approval?
It guarantees loan approval
It increases the chances of loan review and approval
It reduces the loan amount
It eliminates the need for collateral
Q 25. Which organization is commonly known as a credit bureau in India?
Credit Information Bureau of India Ltd (CIBIL)
Reserve Bank of India (RBI)
Securities and Exchange Board of India (SEBI)
Insurance Regulatory and Development Authority of India (IRDAI)
Q 26. What information does CIBIL collect and maintain?
Personal information of borrowers
Loan and credit card payment records
Investment details of borrowers
Transaction history of banks
Q 27. How often do banks and lenders submit information to CIBIL?
Quarterly
Annually
Monthly
Irregularly
Q 28. What does a Credit Information (CIR) include?
Personal opinions of borrowers
Financial forecasts of borrowers
Credit scores of borrowers
Social media activity of borrowers
Q 29. Which Act governs the functioning of credit bureaus in India?
Banking Regulation Act
Securities and Exchange Board of India Act
Credit Information Companies (Regulation) Act
Consumer Protection Act
Q 30. How often are consumers entitled to free full credit from credit bureaus?
Once every six months
Once every year
Once every three years
Only upon request