Madanswer Technologies Interview Questions Data|Agile|DevOPs|Python - Recent questions in Loan

What are the main steps in an SSL handshake?

Sun, 14 May 2023 14:07:45 +0000

What are the main steps in an SSL handshake?

How to do International Trade Finance & Trade Services

Sun, 14 May 2023 14:05:43 +0000

How to do International Trade Finance & Trade Services

What is a credit report?

Sat, 13 May 2023 13:50:09 +0000

What is a credit report?

What is a credit freeze?

Sat, 13 May 2023 13:49:41 +0000

What is a credit freeze?

What is a pre-approved credit card offer?

Sat, 13 May 2023 13:49:12 +0000

What is a pre-approved credit card offer?

What is a secured credit card?

Sat, 13 May 2023 13:48:45 +0000

What is a secured credit card?

How do I get a good credit score?

Sat, 13 May 2023 13:47:58 +0000

How do I get a good credit score?

How do I cancel my credit card?

Sat, 13 May 2023 13:47:22 +0000

How do I cancel my credit card?

How do I dispute a charge?

Sat, 13 May 2023 13:46:41 +0000

How do I dispute a charge?

What is fraud protection?

Sat, 13 May 2023 13:45:59 +0000

What is fraud protection?

What is a cash advance?

Sat, 13 May 2023 13:45:23 +0000

What is a cash advance?

What is a balance transfer?

Sat, 13 May 2023 13:44:47 +0000

What is a balance transfer?

What is a late fee on Credit Card?

Sat, 13 May 2023 13:44:07 +0000

What is a late fee on Credit Card?

What is a grace period?

Sat, 13 May 2023 13:43:09 +0000

What is a grace period?

What is an annual fee?

Sat, 13 May 2023 13:42:31 +0000

What is an annual fee on Credit Card?

What is a credit limit?

Sat, 13 May 2023 13:41:51 +0000

What is a credit limit?

How do I build credit?

Sat, 13 May 2023 13:41:09 +0000

How do I build credit?

How do I use a credit card responsibly?

Sat, 13 May 2023 13:40:28 +0000

How do I use a credit card responsibly?

What are the risks of using a credit card?

Sat, 13 May 2023 13:39:46 +0000

What are the risks of using a credit card?

What are the benefits of using a credit card?

Sat, 13 May 2023 13:39:10 +0000

What are the benefits of using a credit card?

What are the different types of credit cards?

Sat, 13 May 2023 13:38:28 +0000

What are the different types of credit cards?

How do I get a credit card?

Sat, 13 May 2023 13:37:51 +0000

How do I get a credit card?

What is a credit card?

Sat, 13 May 2023 13:32:09 +0000

What is a credit card?

“A contract by which one party promises to save the other from the loss caused to him by the conduct from the promissory himself or by the conduct of a third party” is called

Sat, 26 Feb 2022 02:38:01 +0000

“A contract by which one party promises to save the other from the loss caused to him by the conduct from the promissory himself or by the conduct of a third party” is called

a) D.P. Note

b) Guarantee

c) Indemnity

Letter of disclaimer is taken from:

Sat, 26 Feb 2022 02:37:31 +0000

Letter of disclaimer is taken from:

a) Borrower

b) Guarantor

c) Owner of rented godown / premises

Hypothecation is called as:

Sat, 26 Feb 2022 02:37:07 +0000

Hypothecation is called as:

a) Fixed charge

b) Floating charge

c) None of the above

The Banker has right to debit any customer’s account which has credit balance to adjust any debit balance in any other account of the same person. This right is called:

Sat, 26 Feb 2022 02:36:47 +0000

The Banker has right to debit any customer’s account which has credit balance to adjust any debit balance in any other account of the same person. This right is called:

a) Lien

b) Set-off

c) Right of redemption

In case of Hypothecation the possession of the merchandise is held with the:

Sat, 26 Feb 2022 02:36:18 +0000

In case of Hypothecation the possession of the merchandise is held with the:

a) Banker / Lender

b) Borrower

c) Negotiator

Rates of interest to be charged against various forms of advances are determined by:

Sat, 26 Feb 2022 02:35:55 +0000

Rates of interest to be charged against various forms of advances are determined by:

a) Bank’s own policy

b) As per directives of Bangladesh Bank

c) Mutual Agreement with the borrower

Performance of Budget of a branch includes

Sat, 26 Feb 2022 02:35:29 +0000

Performance of Budget of a branch includes

a) Target for deposit, advance and income

b) Target for business and expenditure

c) Target for business, deposit, advance and profit

A Bank can sanction loan to a single party upto a maximum amount of

Sat, 26 Feb 2022 02:35:01 +0000

A Bank can sanction loan to a single party upto a maximum amount of

a) 20 % of its capital

b) 15 % of its capital

c) 10 % of its capital

Provision for Bad debts is made out of

Sat, 26 Feb 2022 02:34:41 +0000

Provision for Bad debts is made out of

a) Income

b) Profit

c) Reserve

Classified loans and advances mean:

Sat, 26 Feb 2022 02:34:18 +0000

Classified loans and advances mean:

a) Loans and advances which are overdue and sticky

b) Loans and advances the recovery of which is uncertain and against which provision is to be made

c) Loans and advances which are considered as loss

Drawing power in a CC account is determined within sanctioned limit on the basis of

Sat, 26 Feb 2022 02:33:29 +0000

Drawing power in a CC account is determined within sanctioned limit on the basis of

a) Value of existing stock of goods

b) Value of collateral securities

c) Credit needs of the borrower

Pledge is one of the methods of charging securities against loans and advances and is defined in:

Sat, 26 Feb 2022 02:33:10 +0000

Pledge is one of the methods of charging securities against loans and advances and is defined in:

a) Contract Act –

b) Transfer of Properties Act

c) Sale of Goods Act

Bank Credit includes all loans and advances (Cash Credit, Overdraft, PAD/LIM) and also bills purchased and discounted:

Sat, 26 Feb 2022 02:32:37 +0000

Bank Credit includes all loans and advances (Cash Credit, Overdraft, PAD/LIM) and also bills purchased and discounted:

a) True

b) False

Documentation is valid when it is:

Sat, 26 Feb 2022 02:32:15 +0000

Documentation is valid when it is:

a) Properly executed by the competent parties, correctly stamped, Registered with competent authority when necessary and not barred by Law of Limitation

b) Executed by anybody and correctly stamped

c) Executed properly, correctly stamped, undated & blank

Advances are traditionally divided into following categories:

Sat, 26 Feb 2022 02:31:49 +0000

Advances are traditionally divided into following categories:

a) Cash Credit, Overdraft and Loan

b) Loan, Cash Credit, Overdraft, Bill Purchased & discounting

Principles of sound lending mean:

Sat, 26 Feb 2022 02:31:24 +0000

Principles of sound lending mean:

a) Safety, Security, Liquidity & Profitability of the fund

b) Security, Safety, Purchase, Spread & National Interest

c) Security, Safety, Purchase, Person & Capital

For recovery of stuck-up loans and Advances, Banks can take legal action under:

Sat, 26 Feb 2022 02:30:56 +0000

For recovery of stuck-up loans and Advances, Banks can take legal action under:

a) ARTHA RIN ADALAT AIN 1990 and the INSOLVENCY (Bankruptcy) Act 1997

b) ARTHA RIN ADALATAIN 1990 only

c) The INSOLVENCY (Bankruptcy) Act 1997 only

Pledge and Hypothecation relate to Movable property and Mortgage relates to Immovable property

Sat, 26 Feb 2022 02:30:33 +0000

Pledge and Hypothecation relate to Movable property and Mortgage relates to Immovable property

a) Yes

b) No

Advances are of two types viz: “Secured” and “Unsecured”. The following advances are secured advances:

Sat, 26 Feb 2022 02:30:06 +0000

Advances are of two types viz: “Secured” and “Unsecured”. The following advances are secured advances:

a) Overdrafts and Cash Credit only

b) Loans, Overdrafts, Cash Credits and all other advances covered by eligible / approved securities.

The common modes of creation of charge over the securities against loans and advances are:

Sat, 26 Feb 2022 02:29:39 +0000

The common modes of creation of charge over the securities against loans and advances are:

a) Registration, set-off, possession, and power of Attorney

b) Pledge, Hypothecation, Mortgage, Lien and Assignment

c) Pledge, Hypothecation, Mortgage and set-off

In case of ‘Cash Credit’ advance:

Sat, 26 Feb 2022 02:28:27 +0000

In case of ‘Cash Credit’ advance:

a) Both the limit and the drawing power are variable

b) Limit is fixed but the drawing power is variable

c) Drawing power is fixed but limit is variable

Banker’s right to cancel advance at any time with or without intimation is acknowledged by the borrower by signing:

Sat, 26 Feb 2022 02:27:59 +0000

Banker’s right to cancel advance at any time with or without intimation is acknowledged by the borrower by signing:

a) D.P. Note

b) Letter of request

c) Letter of arrangement

In case of working capital finance to a public limited company against hypothecation of raw materials, Bank always prefer to register the charges with registrar, Joint Stock Companies to:

Sat, 26 Feb 2022 02:27:36 +0000

In case of working capital finance to a public limited company against hypothecation of raw materials, Bank always prefer to register the charges with registrar, Joint Stock Companies to:

a) Ensure timely repayment of the loan

b) Make effective supervision and to avoid fund diversion

c) Become secured creditor

Pledge as a method of charging securities are defined in:

Sat, 26 Feb 2022 02:27:13 +0000

Pledge as a method of charging securities are defined in:

a) Transfer of Property Act

b) Contract Act -1872

c) Sale of goods Act

Banks grant advances to the borrowers for purchase of vehicles against creation of the following charge:

Sat, 26 Feb 2022 02:26:47 +0000

Banks grant advances to the borrowers for purchase of vehicles against creation of the following charge:

a) Hypothecation

b) Pledge

c) Mortgage

In a contract of guarantee, there are three parties. They are:

Sat, 26 Feb 2022 02:26:15 +0000

In a contract of guarantee, there are three parties. They are:

a) Promisor / Promisee / guarantee.

b) Promisee / guarantee / contractor.

c) Debtor / creditor / guarantor.

One of the differences between cash credit and overdraft is:

Sat, 26 Feb 2022 02:25:50 +0000

One of the differences between cash credit and overdraft is:

a) There is no limit in case of cash credit where there is limit in case of overdraft

b) Drawing Power in case of cash credit is limited while in case of overdraft it is not limited

c) Cash Credit is a separate account and Overdraft is allowed on an existing current account.