Quiznetik
Financial Services | Set 5
1. In India, banks cannot do hire purchase business without the permission of
A. SEBI
B. Central Govt.
C. State govt.
D. RBI
Correct : D. RBI
2. LIC was nationalised in the year
A. 1956
B. 1954
C. 1969
D. 1972
Correct : A. 1956
3. Banking Regulation Act was passed in the year
A. 1969
B. 1935
C. 1948
D. 1949
Correct : D. 1949
4. Loans for pensioners are given up to-----------months of pension amount.
A. 12
B. 6
C. 24
D. 36
Correct : B. 6
5. Consumer loans are granted for-----------period.
A. Medium
B. Short
C. Long
D. Both long and medium
Correct : B. Short
6. The maximum amount of education loan is Rs…………..lakh for study in India.
A. 10
B. 15
C. 7.5
D. 20
Correct : C. 7.5
7. Housing advances are……………………in nature.
A. Medium
B. Short
C. Long
D. Both long and medium
Correct : C. Long
8. Housing loan sanctioned to redeem prior debts obtained from friends for the purchase of a house is called…………loan.
A. Conversion
B. Flexible installment
C. Refinance
D. Renovation
Correct : C. Refinance
9. HDFC was established in the year
A. 1982
B. 1977
C. 1972
D. 1964
Correct : B. 1977
10. Education loan maximum is…………….lakh for study abroad.
A. 10
B. 15
C. 7.5
D. 20
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:
A. Conversion loan
B. Flexible installment loan
C. Transfer plan loan
D. Refinance loan
Correct : C. Transfer plan loan
12. LIC Housing Finance Ltd was established in the year
A. 1982
B. 1989
C. 1972
D. 1964
Correct : B. 1989
13. RBI Act passed in the year
A. 1934
B. 1935
C. 1936
D. 1949
Correct : A. 1934