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Your results are here!! for" PNB Udaan Education Loan "
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Question 1 of 10
1. Question
What is the main objective of the PNB Udaan Education Loan Scheme?
Correct
The scheme provides financial support to meritorious students for pursuing higher education abroad.
Incorrect
The scheme provides financial support to meritorious students for pursuing higher education abroad.
Unattempted
The scheme provides financial support to meritorious students for pursuing higher education abroad.
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Question 2 of 10
2. Question
Which type of graduation courses can be considered under the PNB Udaan Education Loan Scheme?
Correct
Graduation includes job-oriented professional or technical courses offered by reputed universities abroad.
Incorrect
Graduation includes job-oriented professional or technical courses offered by reputed universities abroad.
Unattempted
Graduation includes job-oriented professional or technical courses offered by reputed universities abroad.
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Question 3 of 10
3. Question
Which of the following is an example of an eligible post-graduation course under the scheme?
Correct
MCA, MBA and MS are specifically mentioned as examples of eligible post-graduation courses.
Incorrect
MCA, MBA and MS are specifically mentioned as examples of eligible post-graduation courses.
Unattempted
MCA, MBA and MS are specifically mentioned as examples of eligible post-graduation courses.
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Question 4 of 10
4. Question
What is the residency requirement for a student under the PNB Udaan Education Loan Scheme?
Correct
The student should be a resident Indian to be eligible under the scheme.
Incorrect
The student should be a resident Indian to be eligible under the scheme.
Unattempted
The student should be a resident Indian to be eligible under the scheme.
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Question 5 of 10
5. Question
How should a student generally secure admission to an eligible higher education course abroad?
Correct
The student should secure admission to a higher education course in a recognized institution abroad through an Entrance Test or Merit Based Selection process after HSC (10+2 or equivalent).
Incorrect
The student should secure admission to a higher education course in a recognized institution abroad through an Entrance Test or Merit Based Selection process after HSC (10+2 or equivalent).
Unattempted
The student should secure admission to a higher education course in a recognized institution abroad through an Entrance Test or Merit Based Selection process after HSC (10+2 or equivalent).
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Question 6 of 10
6. Question
What is the margin requirement for an education loan up to Rs. 4 lakh under PNB Udaan?
Correct
For loans up to Rs. 4 lakh, the margin requirement is Nil.
Incorrect
For loans up to Rs. 4 lakh, the margin requirement is Nil.
Unattempted
For loans up to Rs. 4 lakh, the margin requirement is Nil.
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Question 7 of 10
7. Question
What is the margin requirement for an education loan above Rs. 4 lakh?
Correct
For loans above Rs. 4 lakh, the applicable margin is 15%. Scholarship or assistantship may be included in the margin.
Incorrect
For loans above Rs. 4 lakh, the applicable margin is 15%. Scholarship or assistantship may be included in the margin.
Unattempted
For loans above Rs. 4 lakh, the applicable margin is 15%. Scholarship or assistantship may be included in the margin.
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Question 8 of 10
8. Question
What security arrangement is applicable for loans up to Rs. 7.50 lakh?
Correct
For loans up to Rs. 7.50 lakh, parent(s) or guardian(s) are made joint borrower(s), and no tangible security or third-party guarantee is required.
Incorrect
For loans up to Rs. 7.50 lakh, parent(s) or guardian(s) are made joint borrower(s), and no tangible security or third-party guarantee is required.
Unattempted
For loans up to Rs. 7.50 lakh, parent(s) or guardian(s) are made joint borrower(s), and no tangible security or third-party guarantee is required.
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Question 9 of 10
9. Question
What additional security is required for a loan above Rs. 7.50 lakh?
Correct
For loans above Rs. 7.50 lakh, parent(s)/guardian(s) are joint borrower(s) and tangible collateral security of suitable value acceptable to the bank is required.
Incorrect
For loans above Rs. 7.50 lakh, parent(s)/guardian(s) are joint borrower(s) and tangible collateral security of suitable value acceptable to the bank is required.
Unattempted
For loans above Rs. 7.50 lakh, parent(s)/guardian(s) are joint borrower(s) and tangible collateral security of suitable value acceptable to the bank is required.
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Question 10 of 10
10. Question
Which statement correctly describes the maximum repayment period and repayment holiday under PNB Udaan?
Correct
The maximum repayment period is up to 15 years, while the repayment holiday or moratorium is the course period plus one year.
Incorrect
The maximum repayment period is up to 15 years, while the repayment holiday or moratorium is the course period plus one year.
Unattempted
The maximum repayment period is up to 15 years, while the repayment holiday or moratorium is the course period plus one year.