Mr Mohan has been working as a peon for the state government for 2 years. He earns Rs. 15,000 per month and lives in a rented house with his family for the past 2 years. His permanent residence is owned by his parents. He has applied for a loan of Rs. 1 lakh for home furnishings. However, he is not eligible for the loan according to policy as funding is not allowed for applicants residing in a rented house.
Mr Mohan has been working as a peon for the state government for 2 years. He earns Rs. 15,000 per month and lives in a rented house with his family for the past 2 years. His permanent residence is owned by his parents. He has applied for a loan of Rs. 1 lakh for home furnishings. However, he is not eligible for the loan according to policy as funding is not allowed for applicants residing in a rented house.
Mr Mohan has been working as a peon for the state government for 2 years. He earns Rs. 15,000 per month and lives in a rented house with his family for the past 2 years. His permanent residence is owned by his parents. He has applied for a loan of Rs. 1 lakh for home furnishings. However, he is not eligible for the loan according to policy as funding is not allowed for applicants residing in a rented house.
location . He is getting salary of Rs 15,000/- per month & getting it bank credited to his account. He is residing with family in rented accomodation since last 2 years. Permanent Address residence is owned by his parents. He has applied for a loan of Rs 1 lacs for home furnishing. Is he eligible for loan? No - As per policy class iv funding is not allowed if applicant is residing in rented house No - As per policy class iv funding is not allowed if applicant is residing in rented house Correct 49 On DPN whose signature is required? applicant signature is required on a revenue stamp applicant signature is required on a revenue stamp Correct 50 Recertification_PL Self Employed_Mar 2014 3 Max Attempt :: Test Name :: 131517 sarvesh.agarwal@fullertonindia.com Email :: User Name :: 1 Attempt No. :: Completed QuestionText AnsStatus Status :: Correct Answer User Answer Row No In standard ITR program bank statement required is of last _______ 06 months 06 months Correct 51 PD at customers office is to be done by RO False False Correct 52 Please select the correct formula to calculate the give ratio: <br> Debt Service coverage Ratio (DSCR) (PAT+Interest+Dep reciation)/ (Interest+Instalme nt of Loan Due for Repayment) (PAT+Interest+D epreciation)/ (Interest+Instal ment of Loan Due for Repayment) Correct 53 Dedupe is generated after FCU check is done False False Correct 54 Debt Service Coverage Ratio (DSCR)=PBDIT/ Only Interest Components of running Loan (Excluding Principal) False False Correct 55 In a partnership firm residence CPV to be done is only for the applicant and not for other partners False True Wrong 56 Critical customer information in the application form for conducting CIBIL report for individuals are: (More than one option can be selected.) Name DOB Name DOB Father's name Spouse name Wrong 57 Minimum Taxable Income required in SEP Customer for a Tenor till 48 Months is ? 2.0 Lacs 2.0 Lacs Correct 58 Page 5 of 9 We should add-back the Interest on a Loan which is not part of Financials. False False Correct 59 There Should be minimum 7 MOB are required to Balance Transfer or BT False False Correct 60 Following documents are required to login a Pvt Ltd case (More than one option can be selected.) ITR of Firm 55% of directors as co app Individual Banking & ITR of directors taken as co app 55% of directors as co app ITR of Firm Individual Banking & ITR of directors taken as co app Wrong 61 Cases can be rejected in CPV stage when: (More than one option can be selected.) applicant does not reside at given address Living standard low business not running well business not running well Living standard low applicant does not reside at given address Wrong 62 Maximum Loan Amount that can be offered to Doctor who is BDS. 15 Lacs 15 Lacs Correct 63 We cannot Club ABB from 02 Bank Accounts True True Correct 64 CUU CCM / CCM, can approve a RCO Case in Tier 1 Location with Loan Amount > 5.0 Lacs True False Wrong 65 We consider ____ % of obligation on credit card outstanding. 5% 5% Correct 66 Loan details of the customer can be checked from Balance Sheet Balance Sheet Correct 67 Minimum turnover required to fund a customer 1.5 lacs to 5 lacs None of these 20 lacs Wrong 68 A credit card was settled 13 months ago with an amount of Rs. 13,000. The CIBIL score for the same is now 693. What would be the action on this application? Decline Decline Correct 69 Residence CPV is not mandatory for all products False False Correct 70 What should be the Maximum Leverage for New Borrower under BIL Policy & BL Amount of 15 lacs? None of these 8 & 8 Wrong 71 The repayment of the loan should come from the bank account given for assessment, which should be the main business account True True Correct 72 Page 6 of 9 Can we Add-Back the Interest Paid on Loans in the given situation: BT of OD/CC Account, as done by Other Bank No Yes Wrong 73 Can we Add-Back the Interest Paid on Loans in the given situation: Foreclosure of a Gold Loan / Loan against LIC Policy No No Correct 74 Personal Discussion can be conducted at applicant residence False False Correct 75 An Account will be classified as BAD as per CIBIL policy if Accounts appearing as SMA, SUB, DBT or LSS as per RBI classification True True Correct 76 DBR at 70% is acceptable False False Correct 77 Who can give approval under the following Circumstance? Negative Trend in profit (Less than 30%) in case of funding more than 1.5 lacs as per financial CUU SRH Wrong 78 TVR should be done by ______ Credit Credit Correct 79 Minimum Loan Amount for base eligibility under Track Repayment Surrogate is Rs 100,000 False True Wrong 80 A credit card was settled 28 months ago with an amount of Rs. 7,000. The CIBIL score for the same is now 629. What would be the action on this application? Verify Decline Wrong 81 We can do the PD with any other office member in case applicant is busy with some other work False False Correct 82 How much Turnover is required for FICCL Existing Borrower & New Borrower under BIL Policy Amount of 30 Lacs? 60 lakhs+ & 1000lakhs 60 lakhs+ & 1000lakhs Correct 83 On the basis of financials, EMI eligibility arrived is Rs. 35,000/-and on the basis of last 3 months banking, ABB arrived is Rs. 48,000/ -and DBR gives an EMI of 35100. What is the maximum EMI we can offer? 35000 35000 Correct 84 Can we Add-Back the Interest Paid on Loans in the given situation: Foreclosure of a Secured / Unsecured Loan by Customer, from his own funds No No Correct 85 We can''t normally login and process Cases of ?Societies?, ?Trusts? and ?HUFs? due to Legal Complications; High Risk of Weak FICCL Rights if it goes into litigation, etc. True True Correct 86 For loan upto 1.5 Lacs what is the max no of loans allowed with the customer? 3 3 Correct 87 Page 7 of 9 Business premises photograph mandatory for all the cases True True Correct 88 Under SENP Income Program CFA is applicable for Not Applicable Not Applicable Correct 89 CIBIL check can be done post disbursal for Co-applicant False False Correct 90 Risk Head can give Approval if leverage is more than 10 as per financials for funding above 1.5 lacs? True True Correct 91 For EB top up cases, PD is not reqd for any case if the EMI amt. remains same False False Correct 92 A customer?s age at bureau is 16 months and he has had 4 HL enquiries in the past 12 months. What would be the action on this application? Proceed Proceed Correct 93 If an applicant has files ITR''s on 10/3/2009 and 05/06/2009 with T/O of 15 Lacs and 10 Lacs respectively we can offer him a loan of 3 lacs if everything else is as per policy False False Correct 94 Dr. Vishwakarma was running his clinic from Pune for 2 years and then he shifted to Mumbai and running his clinic since last 1 years. He also filed the ITR for last 3 years on time. Can we fund to this customer if other criteria fulfilled? False False Correct 95 CIBIL check done is not required if the customer is having clean track record of existing loan/s False False Correct 96 Form 49 (a) for Pan card application is a standard identity proof True False Wrong 97 Last two years ITR should belong to the latest Assessment year and the Year before that True True Correct 98 In which all Condition is a Co-Applicant/s required to be taken in Loan being Approved / Booked for Disbursement? >= 55% Shareholders in Partnership Firm >= 55% Shareholders in Pvt. Ltd. Company Maximum Age Deviation at the time of Loan Maturity for Main Applicant >= 55% Shareholders in Pvt. Ltd. Company >= 55% Shareholders in Partnership Firm Maximum Age Deviation at the time of Loan Maturity for Main Applicant Wrong 99 Category 2 Restricted segment would be approved by _______ CCM/ RCM Central Risk Wrong 100 Page 8 of 9