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- 1. Prime Minister Narendra Modi launched his dream project to open at least one bank account to every household on 28th August 2014. Name it ?
A.Jan Bank Youjana
B.Jan Dhan Yojana
C.Jan Ran Yojana
D.Jan Gan Man Yojana
Answer & Explanation
Answer: Option B 
Jan Dhan Yojana
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- 2. Teaser loan means ________________
A.Interest collected at less rate of interest at the beginning and more during the later times.
B.Interest collected at more rates at the beginning and less during the later times.
C.Interest collected at less rate of inters at the beginning and less during the later times
D.Interest collected at more rates at the beginning and never collect rate of interest later times.
Answer & Explanation
Answer: Option A
Interest collected at less rate of interest at the beginning and more during the later times.
View Answer
- 3. If a loan issued and supported only by the borrower's creditworthiness, rather than by a type of collateral, it is called ______________
A.Secured loan
B.Unsecured loan
C.Key loan
D.Collateral loan
Answer & Explanation
Answer: Option B
Unsecured loan
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- 4. If a loan issued and supported only by the borrower's creditworthiness, rather than by a type of collateral, it is called ______________
A.Secured loan
B.Unsecured loan
C.Key loan
D.Collateral loan
Answer & Explanation
Answer: Option B
Unsecured loan
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- 5. If a loan offered at a rate above prime to individuals who do not qualify for prime rate loans is called __________
A.Bank Rate loan
B.Sub prime loan
C.MOD prime loan
D.Primary lending loan
Answer & Explanation
Answer: Option B
Sub prime loan
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To whom this IBPS PO Clerks Set 20 Questions and Answers section is beneficial?
Students can learn and improve on their skillset for using Verbal Ability effectively and can also prepare for competitive examinations like...
- All I.B.P.S and Public Sector Bank Competitive Exam
- Common Aptitude Test (CAT) Exams
- UPSC Paper-II or CSAT Exams
- SSC Competitive Exams
- Defence Competitive Exams
- L.I.C / G.I.C AO and Clerk Competitive Exams
- Railway Competitive Exam
- University Grants Commission (UGC)
- Career Aptitude Test (IT Companies) and etc.
