Quiznetik

Financial Services | Set 5

1. In India, banks cannot do hire purchase business without the permission of

Correct : D. RBI

2. LIC was nationalised in the year

Correct : A. 1956

3. Banking Regulation Act was passed in the year

Correct : D. 1949

4. Loans for pensioners are given up to-----------months of pension amount.

Correct : B. 6

5. Consumer loans are granted for-----------period.

Correct : B. Short

6. The maximum amount of education loan is Rs…………..lakh for study in India.

Correct : C. 7.5

7. Housing advances are……………………in nature.

Correct : C. Long

8. Housing loan sanctioned to redeem prior debts obtained from friends for the purchase of a house is called…………loan.

Correct : C. Refinance

9. HDFC was established in the year

Correct : B. 1977

10. Education loan maximum is…………….lakh for study abroad.

Correct : B. 15

11. Housing loan sanctioned to pay off an old housing loan at a higher rate of interest and enjoy a new one at a lower rate is called:

Correct : C. Transfer plan loan

12. LIC Housing Finance Ltd was established in the year

Correct : B. 1989

13. RBI Act passed in the year

Correct : A. 1934