Elevate Your Banking and Insurance IQ

Question 1

Credit card limit is

Accepted Answer

Revolving loan limit

Answer

Installment loan limit

Answer

cash credit limit

Answer

overdraft limit

Question 2

Which of the following is an advantage of Demand draft ?

Accepted Answer

It ensures payment to payee.

Answer

It ensures transaction speed and efficiency.

Answer

It ensures speed banking.

Answer

available 24 X 7

Question 3

Which of the following is NOT a type of secured loan?

Accepted Answer

Credit Card loans

Answer

Gold loan

Answer

Insurance policy

Answer

Term deposits

Question 4

Unsecured loans are generally given for __ months

Accepted Answer

60 months

Answer

10 months

Answer

12 months

Answer

72 months

Question 5

Which of the following is not considered as Principles of good lending?

Accepted Answer

principle of Probability

Answer

principle of Safety

Answer

principle of Liquidity

Answer

principle of security

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