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Your results are here!! for" “EASY RENEWAL” "
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Question 1 of 10
1. Question
Easy Renewal is applicable to MSME working capital limits with exposure up to what amount?
Correct
Easy Renewal is applicable for MSME working capital limits with exposure up to Rs. 10 lakh.
Incorrect
Easy Renewal is applicable for MSME working capital limits with exposure up to Rs. 10 lakh.
Unattempted
Easy Renewal is applicable for MSME working capital limits with exposure up to Rs. 10 lakh.
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Question 2 of 10
2. Question
Under Easy Renewal, what is the requirement for a branch visit by the borrower?
Correct
No branch visit is required for borrowers under Easy Renewal.
Incorrect
No branch visit is required for borrowers under Easy Renewal.
Unattempted
No branch visit is required for borrowers under Easy Renewal.
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Question 3 of 10
3. Question
How is consent taken from the borrower under Easy Renewal?
Correct
Borrower consent is taken through SMS.
Incorrect
Borrower consent is taken through SMS.
Unattempted
Borrower consent is taken through SMS.
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Question 4 of 10
4. Question
What is the requirement regarding physical documentation under Easy Renewal?
Correct
No physical documentation is required under the Easy Renewal process.
Incorrect
No physical documentation is required under the Easy Renewal process.
Unattempted
No physical documentation is required under the Easy Renewal process.
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Question 5 of 10
5. Question
Under Easy Renewal, what is the requirement for submission of financials or projections?
Correct
Easy Renewal provides freedom from submission of financials or projections.
Incorrect
Easy Renewal provides freedom from submission of financials or projections.
Unattempted
Easy Renewal provides freedom from submission of financials or projections.
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Question 6 of 10
6. Question
Which automated facility is available under Easy Renewal?
Correct
Easy Renewal includes an auto CIC check as one of its salient features.
Incorrect
Easy Renewal includes an auto CIC check as one of its salient features.
Unattempted
Easy Renewal includes an auto CIC check as one of its salient features.
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Question 7 of 10
7. Question
How does the system determine the customer‘s eligibility for renewal under Easy Renewal?
Correct
The system automatically checks eligibility based on compliance with Business Logics.
Incorrect
The system automatically checks eligibility based on compliance with Business Logics.
Unattempted
The system automatically checks eligibility based on compliance with Business Logics.
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Question 8 of 10
8. Question
How is the borrower informed about successful renewal under Easy Renewal?
Correct
An intimation is sent to the borrower through SMS after successful renewal.
Incorrect
An intimation is sent to the borrower through SMS after successful renewal.
Unattempted
An intimation is sent to the borrower through SMS after successful renewal.
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Question 9 of 10
9. Question
What is the role of manual intervention in the Easy Renewal process?
Correct
Easy Renewal is designed as a hassle-free process with no manual intervention.
Incorrect
Easy Renewal is designed as a hassle-free process with no manual intervention.
Unattempted
Easy Renewal is designed as a hassle-free process with no manual intervention.
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Question 10 of 10
10. Question
Which condition regarding Non-Fund Based Facility applies for eligibility under Easy Renewal?
Correct
The borrower should not have availed a Non-Fund Based Facility at present.
Incorrect
The borrower should not have availed a Non-Fund Based Facility at present.
Unattempted
The borrower should not have availed a Non-Fund Based Facility at present.