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- 1. Multiple Choice
Once the loan has been approved, monitoring is necessary on stage ?
a) stage 1 - marketing
b) stage 2 - credit analysis
c) stage 3 - loan administration
d) stage 4 - loan recovery
- 2. Multiple Choice
A commitment fee is charged on the used amout.
True
False
- 3. Multiple Choice
Which of the following are NOT types of credit facilities?
a) housing loan
b) personal loan
c) factoring
d) overdraft
- 4. Multiple Choice
Factoring is considered as an option of the last resort because it is an expensive alternative.
True
False
- 5. Multiple Choice
Maintenance of the asset is usually the responsibility of the owner. In this statement, what is the type of lease ?
a) sales and leaseback
b) financial lease
c) operating lease
d) all above
- 6. Multiple Choice
Specialized financial services are hire purchase, block discounting, bridging and end financing, factoring .
False
True
- 7. Multiple Choice
Statement below relates to overdraft except ______
a)operate by using current account
b) a commitment fee is charged on the unused amount
c)can be long term loan
- 8. Multiple Choice
Term loan interest is dependent on the repayment schedule.
True
False
- 9. Multiple Choice
The following is specialized financial services except?
a) Hire purchase
b) Factoring
c) Accounting
d) Block discounting
- 10. Multiple Choice
Loan cycle have 4 stages which is stage 1 is loan recovery, stage 2 credit analysis, stage 3 marketing and stage 4 loan administration.
False
True
- 11. Multiple Choice
Which of the following are not the type of specialized financial services?
a) overdraft
b) leasing
c) factoring
d) block discounting
- 12. Multiple Choice
Capital can be ascertained by looking at the balance sheet of the borrower.
True
False
- 13. Multiple Choice
Advantages of leasing is _____
a) No large outlay
Provide 100% financing
c) Tax benefit
d) All of above
- 14. Multiple Choice
In hire purchase, it involves the hirer, financier (bank), and dealer.
False
True
- 15. Multiple Choice
Benefits of factoring except _______
a) collection of receivables
b) maintenance of the receivable account.
c) easier accessibility and convenient.
d) financing the supplier.
- 16. Multiple Choice
Factoring is a method of financing whereby a firm sells its trade debts at a discount to a financial institution.
True
False
- 17. Multiple Choice
Leasing is a contractual agreement between _____ , where the lessee makes series of payment to the lessor for the use of the asset-lessee only
a) lessee only
b) debtor and creditor
c) lessor and lessee
- 18. Multiple Choice
For personal loan, is it true anyone above 18 years can apply for the loan?
True
False
- 19. Multiple Choice
There are 4 main stages in lending process______
a) marketing-credit analysis-loan administration-loan recovery
b) loan administration-marketing-credit analysis
c) marketing-loan administration-loan recovery
- 20. Multiple Choice
At CCRIS, the credit Bureau will express an opinion on the information provided in credit report.
False
True
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