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TOTAL QUESTION: 20
TOTAL TIME= 20 MIN
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Your results are here!! for" PNB ELECTRONIC DEALER SCHEME (PNB E-DEALER) FOR INDIAN OIL CORPORATION (IOCL) "
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Question 1 of 20
1. Question
What is the name of the product under the IOCL tie-up arrangement?
Correct
The product is PNB e-Dealer Scheme for IOCL, for financing petroleum dealers of IOCL.
Incorrect
The product is PNB e-Dealer Scheme for IOCL, for financing petroleum dealers of IOCL.
Unattempted
The product is PNB e-Dealer Scheme for IOCL, for financing petroleum dealers of IOCL.
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Question 2 of 20
2. Question
What type of facility is provided under the PNB e-Dealer Scheme for IOCL?
Correct
The scheme provides a Cash Credit Facility.
Incorrect
The scheme provides a Cash Credit Facility.
Unattempted
The scheme provides a Cash Credit Facility.
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Question 3 of 20
3. Question
What is the purpose of the PNB e-Dealer Scheme for IOCL?
Correct
The scheme provides financial assistance to authorized exclusive Dealers of IOCL (Petroleum Division) under the e-Dealer tie-up arrangement.
Incorrect
The scheme provides financial assistance to authorized exclusive Dealers of IOCL (Petroleum Division) under the e-Dealer tie-up arrangement.
Unattempted
The scheme provides financial assistance to authorized exclusive Dealers of IOCL (Petroleum Division) under the e-Dealer tie-up arrangement.
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Question 4 of 20
4. Question
Which of the following entities can be eligible for the PNB e-Dealer facility if other conditions are met?
Correct
Existing proprietorships, partnerships, LLPs, companies, trusts, societies etc. having a valid dealership agreement with IOCL can be eligible.
Incorrect
Existing proprietorships, partnerships, LLPs, companies, trusts, societies etc. having a valid dealership agreement with IOCL can be eligible.
Unattempted
Existing proprietorships, partnerships, LLPs, companies, trusts, societies etc. having a valid dealership agreement with IOCL can be eligible.
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Question 5 of 20
5. Question
What type of agreement must an existing dealer have to be eligible for PNB e-Dealer facility?
Correct
An existing dealer must have a valid Dealership Agreement with IOCL.
Incorrect
An existing dealer must have a valid Dealership Agreement with IOCL.
Unattempted
An existing dealer must have a valid Dealership Agreement with IOCL.
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Question 6 of 20
6. Question
What is the required period of dealership with IOCL Petroleum Division for existing dealers?
Correct
Existing dealers must have one year of dealership with IOCL (Petroleum Division).
Incorrect
Existing dealers must have one year of dealership with IOCL (Petroleum Division).
Unattempted
Existing dealers must have one year of dealership with IOCL (Petroleum Division).
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Question 7 of 20
7. Question
For new dealers under the social objective category, what can satisfy the dealership-period condition?
Correct
A specific written recommendation from IOCL can apply for new dealers under the social objective category.
Incorrect
A specific written recommendation from IOCL can apply for new dealers under the social objective category.
Unattempted
A specific written recommendation from IOCL can apply for new dealers under the social objective category.
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Question 8 of 20
8. Question
What is the maximum loan amount under the PNB e-Dealer Scheme for IOCL?
Correct
The maximum loan amount under the scheme is up to ₹2.00 crore.
Incorrect
The maximum loan amount under the scheme is up to ₹2.00 crore.
Unattempted
The maximum loan amount under the scheme is up to ₹2.00 crore.
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Question 9 of 20
9. Question
What is the margin requirement under the PNB e-Dealer Scheme for IOCL?
Correct
The scheme provides Nil margin, with 100% funding of invoices.
Incorrect
The scheme provides Nil margin, with 100% funding of invoices.
Unattempted
The scheme provides Nil margin, with 100% funding of invoices.
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Question 10 of 20
10. Question
What is the primary security under the PNB e-Dealer Scheme?
Correct
The primary security is 100% hypothecation of stocks and receivables.
Incorrect
The primary security is 100% hypothecation of stocks and receivables.
Unattempted
The primary security is 100% hypothecation of stocks and receivables.
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Question 11 of 20
11. Question
When is collateral security NIL under the PNB e-Dealer Scheme?
Correct
Collateral security is NIL when the dealer has an IOCL dealership with a tenure of 5 years or more, subject to the stated conditions.
Incorrect
Collateral security is NIL when the dealer has an IOCL dealership with a tenure of 5 years or more, subject to the stated conditions.
Unattempted
Collateral security is NIL when the dealer has an IOCL dealership with a tenure of 5 years or more, subject to the stated conditions.
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Question 12 of 20
12. Question
If the dealer does not meet the 5-year IOCL dealership condition, what minimum tangible collateral security is required?
Correct
If the 5-year dealership condition is not met, minimum 25% tangible collateral security is required in the prescribed form.
Incorrect
If the 5-year dealership condition is not met, minimum 25% tangible collateral security is required in the prescribed form.
Unattempted
If the 5-year dealership condition is not met, minimum 25% tangible collateral security is required in the prescribed form.
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Question 13 of 20
13. Question
The land on which a retail outlet (petrol pump) is located can be mortgaged only after obtaining whose prior permission?
Correct
Prior permission of IOCL is required before mortgaging the land on which the retail outlet is located.
Incorrect
Prior permission of IOCL is required before mortgaging the land on which the retail outlet is located.
Unattempted
Prior permission of IOCL is required before mortgaging the land on which the retail outlet is located.
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Question 14 of 20
14. Question
If the collateral security is owned by a third party, whose guarantee has to be obtained?
Correct
The guarantee of the owner of the third-party security has to be obtained.
Incorrect
The guarantee of the owner of the third-party security has to be obtained.
Unattempted
The guarantee of the owner of the third-party security has to be obtained.
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Question 15 of 20
15. Question
What should be the conduct of the dealer‘s account with the Bank/FIs?
Correct
The conduct of the account with Bank/FIs should be satisfactory.
Incorrect
The conduct of the account with Bank/FIs should be satisfactory.
Unattempted
The conduct of the account with Bank/FIs should be satisfactory.
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Question 16 of 20
16. Question
Whose personal guarantee shall be ensured under the PNB e-Dealer Scheme?
Correct
Personal guarantee of the Promoter/Director/Partners of the unit shall be ensured.
Incorrect
Personal guarantee of the Promoter/Director/Partners of the unit shall be ensured.
Unattempted
Personal guarantee of the Promoter/Director/Partners of the unit shall be ensured.
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Question 17 of 20
17. Question
What unified service charge is applicable for loans up to ₹25 lakh, excluding applicable GST?
Correct
For loans up to ₹25 lakh, the unified service charge is ₹10,000 plus applicable GST.
Incorrect
For loans up to ₹25 lakh, the unified service charge is ₹10,000 plus applicable GST.
Unattempted
For loans up to ₹25 lakh, the unified service charge is ₹10,000 plus applicable GST.
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Question 18 of 20
18. Question
What unified service charge is applicable for loans above ₹25 lakh up to ₹1 crore, excluding applicable GST?
Correct
For loans above ₹25 lakh to ₹1 crore, the unified service charge is ₹15,000 plus applicable GST.
Incorrect
For loans above ₹25 lakh to ₹1 crore, the unified service charge is ₹15,000 plus applicable GST.
Unattempted
For loans above ₹25 lakh to ₹1 crore, the unified service charge is ₹15,000 plus applicable GST.
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Question 19 of 20
19. Question
What unified service charge is applicable for loans above ₹1 crore, excluding applicable GST?
Correct
For loans above ₹1 crore, the unified service charge is ₹20,000 plus applicable GST.
Incorrect
For loans above ₹1 crore, the unified service charge is ₹20,000 plus applicable GST.
Unattempted
For loans above ₹1 crore, the unified service charge is ₹20,000 plus applicable GST.
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Question 20 of 20
20. Question
Under dealer finance, each disbursement in the working capital account is made against what?
Correct
Each disbursement is against the invoice raised by the manufacturer on the dealer and has a fixed tenor for each invoice.
Incorrect
Each disbursement is against the invoice raised by the manufacturer on the dealer and has a fixed tenor for each invoice.
Unattempted
Each disbursement is against the invoice raised by the manufacturer on the dealer and has a fixed tenor for each invoice.