McqMate
Chapters
| 401. |
In India, banks cannot do hire purchase business without the permission of |
| A. | SEBI |
| B. | Central Govt. |
| C. | State govt. |
| D. | RBI |
| Answer» D. RBI | |
| 402. |
LIC was nationalised in the year |
| A. | 1956 |
| B. | 1954 |
| C. | 1969 |
| D. | 1972 |
| Answer» A. 1956 | |
| 403. |
Banking Regulation Act was passed in the year |
| A. | 1969 |
| B. | 1935 |
| C. | 1948 |
| D. | 1949 |
| Answer» D. 1949 | |
| 404. |
Loans for pensioners are given up to-----------months of pension amount. |
| A. | 12 |
| B. | 6 |
| C. | 24 |
| D. | 36 |
| Answer» B. 6 | |
| 405. |
Consumer loans are granted for-----------period. |
| A. | Medium |
| B. | Short |
| C. | Long |
| D. | Both long and medium |
| Answer» B. Short | |
| 406. |
The maximum amount of education loan is Rs…………..lakh for study in India. |
| A. | 10 |
| B. | 15 |
| C. | 7.5 |
| D. | 20 |
| Answer» C. 7.5 | |
| 407. |
Housing advances are……………………in nature. |
| A. | Medium |
| B. | Short |
| C. | Long |
| D. | Both long and medium |
| Answer» C. Long | |
| 408. |
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 |
| Answer» C. Refinance | |
| 409. |
HDFC was established in the year |
| A. | 1982 |
| B. | 1977 |
| C. | 1972 |
| D. | 1964 |
| Answer» B. 1977 | |
| 410. |
Education loan maximum is…………….lakh for study abroad. |
| A. | 10 |
| B. | 15 |
| C. | 7.5 |
| D. | 20 |
| Answer» B. 15 | |
| 411. |
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 |
| Answer» C. Transfer plan loan | |
| 412. |
LIC Housing Finance Ltd was established in the year |
| A. | 1982 |
| B. | 1989 |
| C. | 1972 |
| D. | 1964 |
| Answer» B. 1989 | |
| 413. |
RBI Act passed in the year |
| A. | 1934 |
| B. | 1935 |
| C. | 1936 |
| D. | 1949 |
| Answer» A. 1934 | |
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