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TOTAL QUESTION: 20
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Your results are here!! for" PNB CORPORATE RESIDENTIAL ACCOMMODATION FINANCE SCHEME "
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Question 1 of 20
1. Question
What is the primary purpose of the PNB Corporate Residential Accommodation Finance Scheme?
Correct
The scheme is meant for purchase of ready-built residential property for specified employees and related persons of eligible firms/companies.
Incorrect
The scheme is meant for purchase of ready-built residential property for specified employees and related persons of eligible firms/companies.
Unattempted
The scheme is meant for purchase of ready-built residential property for specified employees and related persons of eligible firms/companies.
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Question 2 of 20
2. Question
Which of the following is an eligible applicant under the scheme?
Correct
Eligible applicants include Proprietorship Firms, Public Limited Companies, Pvt. Ltd. Companies, Partnership Firms and LLPs.
Incorrect
Eligible applicants include Proprietorship Firms, Public Limited Companies, Pvt. Ltd. Companies, Partnership Firms and LLPs.
Unattempted
Eligible applicants include Proprietorship Firms, Public Limited Companies, Pvt. Ltd. Companies, Partnership Firms and LLPs.
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Question 3 of 20
3. Question
For how long should the company or firm have been incorporated to be eligible?
Correct
The company/firm should be incorporated for at least 3 years.
Incorrect
The company/firm should be incorporated for at least 3 years.
Unattempted
The company/firm should be incorporated for at least 3 years.
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Question 4 of 20
4. Question
For how long should the company or firm have been actively engaged in business activities?
Correct
The company/firm should have been actively engaged in business activities for at least 3 years.
Incorrect
The company/firm should have been actively engaged in business activities for at least 3 years.
Unattempted
The company/firm should have been actively engaged in business activities for at least 3 years.
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Question 5 of 20
5. Question
The company/firm should have been earning net profits for which period?
Correct
The company/firm should be earning net profits for the last 3 years.
Incorrect
The company/firm should be earning net profits for the last 3 years.
Unattempted
The company/firm should be earning net profits for the last 3 years.
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Question 6 of 20
6. Question
What should be the status of the Adjusted Tangible Net Worth of the company/firm?
Correct
The Adjusted Tangible Net Worth of the company/firm should be positive.
Incorrect
The Adjusted Tangible Net Worth of the company/firm should be positive.
Unattempted
The Adjusted Tangible Net Worth of the company/firm should be positive.
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Question 7 of 20
7. Question
What should be the CIBIL status of the company/firm?
Correct
The CIBIL of the company/firm should be satisfactory.
Incorrect
The CIBIL of the company/firm should be satisfactory.
Unattempted
The CIBIL of the company/firm should be satisfactory.
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Question 8 of 20
8. Question
Where should the company/firm be registered?
Correct
The company/firm should be registered in India.
Incorrect
The company/firm should be registered in India.
Unattempted
The company/firm should be registered in India.
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Question 9 of 20
9. Question
At the time of loan application, what should the borrower provide?
Correct
The borrower must provide the purpose of the loan, such as executive use or guest house.
Incorrect
The borrower must provide the purpose of the loan, such as executive use or guest house.
Unattempted
The borrower must provide the purpose of the loan, such as executive use or guest house.
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Question 10 of 20
10. Question
Why can multiple flats/properties not be financed for the usage of a single executive?
Correct
The scheme restricts multiple properties for a single executive to avoid instances of speculation.
Incorrect
The scheme restricts multiple properties for a single executive to avoid instances of speculation.
Unattempted
The scheme restricts multiple properties for a single executive to avoid instances of speculation.
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Question 11 of 20
11. Question
Can an existing loan from another bank or financial institution be taken over under the scheme?
Correct
Existing loans for purchase/construction of the residential property can be taken over subject to the scheme conditions.
Incorrect
Existing loans for purchase/construction of the residential property can be taken over subject to the scheme conditions.
Unattempted
Existing loans for purchase/construction of the residential property can be taken over subject to the scheme conditions.
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Question 12 of 20
12. Question
Are under-construction properties permitted for takeover under the scheme?
Correct
Under-construction properties are specifically not permitted for takeover under the scheme.
Incorrect
Under-construction properties are specifically not permitted for takeover under the scheme.
Unattempted
Under-construction properties are specifically not permitted for takeover under the scheme.
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Question 13 of 20
13. Question
Is purchase of apartments/units/houses from Associates, Sister or Group concerns permitted?
Correct
Purchase from Associates/Sister/Group concerns is not permitted.
Incorrect
Purchase from Associates/Sister/Group concerns is not permitted.
Unattempted
Purchase from Associates/Sister/Group concerns is not permitted.
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Question 14 of 20
14. Question
Can the scheme finance purchase of a plot and construction thereon?
Correct
The scheme does not finance plot purchase and/or construction thereon; it is only for ready-built houses/flats.
Incorrect
The scheme does not finance plot purchase and/or construction thereon; it is only for ready-built houses/flats.
Unattempted
The scheme does not finance plot purchase and/or construction thereon; it is only for ready-built houses/flats.
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Question 15 of 20
15. Question
What is the type of facility under the PNB Corporate Residential Accommodation Finance Scheme?
Correct
The facility under the scheme is a Term Loan.
Incorrect
The facility under the scheme is a Term Loan.
Unattempted
The facility under the scheme is a Term Loan.
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Question 16 of 20
16. Question
What is the minimum loan amount under the scheme?
Correct
The minimum loan amount is ₹25 lakh.
Incorrect
The minimum loan amount is ₹25 lakh.
Unattempted
The minimum loan amount is ₹25 lakh.
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Question 17 of 20
17. Question
What is the maximum loan amount under the scheme?
Correct
There is no maximum limit specified for the loan amount.
Incorrect
There is no maximum limit specified for the loan amount.
Unattempted
There is no maximum limit specified for the loan amount.
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Question 18 of 20
18. Question
What percentage of the cost of the house/flat can be permitted towards interiors/furnishing as part of project cost?
Correct
Up to 10% of the cost of the house/flat can be permitted towards interiors/furnishing, subject to the overall LTV restriction.
Incorrect
Up to 10% of the cost of the house/flat can be permitted towards interiors/furnishing, subject to the overall LTV restriction.
Unattempted
Up to 10% of the cost of the house/flat can be permitted towards interiors/furnishing, subject to the overall LTV restriction.
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Question 19 of 20
19. Question
What is the maximum LTV ratio under the scheme?
Correct
The maximum LTV ratio is 75%.
Incorrect
The maximum LTV ratio is 75%.
Unattempted
The maximum LTV ratio is 75%.
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Question 20 of 20
20. Question
What is the processing fee under the scheme?
Correct
The processing fee is 0.25% of the sanctioned limit, subject to a maximum of ₹1 lakh.
Incorrect
The processing fee is 0.25% of the sanctioned limit, subject to a maximum of ₹1 lakh.
Unattempted
The processing fee is 0.25% of the sanctioned limit, subject to a maximum of ₹1 lakh.