BCSR and MEL Quiz
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Questions and Answers

Total indebtedness of a Bazaar customer is

  • Equal to total of Borrower+Co-Borrower outstanding
  • Equal to indebtedness of the borrower (correct)
  • Indebtedness Limit is not applicable for Bazaar
  • Equal to indebtedness of the Co-borrower
  • What is the full form of MEL in Arohan context?

  • Medium Enterprise Loan
  • Mini Enterprise Loan
  • Micro Enterprise Loan (correct)
  • Marginal Enterprise Lending
  • UPI Autopay can be registered for

  • Not applicable for Bazaar
  • Only new disbursements
  • Only existing customers
  • All the existing customers as well as new disbursements (correct)
  • As per the principle of FOIR, whose monthly/annual income is taken into account?

    <p>Total income of the borrower and co-borrower combined</p> Signup and view all the answers

    What is the total number of questions in the BCSR - September 2023 exam?

    <p>30</p> Signup and view all the answers

    Which of the following options correctly represents the total indebtedness of a Bazaar customer?

    <p>Equal to total of Borrower+Co-Borrower outstanding</p> Signup and view all the answers

    What is the full form of MEL in Arohan context?

    <p>Micro Enterprise Loan</p> Signup and view all the answers

    Who can register for UPI Autopay?

    <p>All the existing customers as well as new disbursements</p> Signup and view all the answers

    According to the principle of FOIR, whose monthly/annual income is taken into account?

    <p>Total income of all earning members of the family</p> Signup and view all the answers

    What is the total number of questions in the BCSR - September 2023 exam?

    <p>30</p> Signup and view all the answers

    Which one of the following options correctly describes the total indebtedness of a Bazaar customer?

    <p>Equal to total of Borrower+Co-Borrower outstanding</p> Signup and view all the answers

    What does MEL stand for in the Arohan context?

    <p>Micro Enterprise Loan</p> Signup and view all the answers

    Who can register for UPI Autopay?

    <p>All the existing customers as well as new disbursements</p> Signup and view all the answers

    According to the principle of FOIR, whose monthly/annual income is taken into account?

    <p>Total income of all earning members of the family</p> Signup and view all the answers

    What is the total number of questions in the BCSR - September 2023 exam?

    <p>30</p> Signup and view all the answers

    Study Notes

    Total Indebtedness and Bazaar Customers

    • Total indebtedness of a Bazaar customer includes all outstanding loans and financial obligations.
    • Correct representation of total indebtedness can vary based on financial assessment criteria set by lending institutions.

    Arohan Context

    • MEL stands for "Micro Enterprise Loan" in the context of Arohan.
    • Arohan provides loans targeted at micro-enterprises to support small business growth.

    UPI Autopay Registration

    • UPI Autopay can be registered by individuals having a UPI-enabled bank account.
    • It allows automatic repeated payments without manual intervention, facilitating convenience for users.

    FOIR Principle

    • FOIR (Fixed Obligation to Income Ratio) takes into account the borrower's monthly or annual income when assessing loan eligibility.
    • It helps lenders evaluate a borrower's repayment capacity based on fixed financial commitments.

    BCSR - September 2023 Exam

    • The BCSR (Banking Certification Standardized Examination) conducted in September 2023 consists of a specified total number of questions.
    • The exact number of questions must be checked from exam syllabi or announcements for accurate figures.

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    Description

    Test your knowledge on BCSR (Bazaar Customer Total Indebtedness) and MEL (Full Form) in this quiz. Answer questions about the total indebtedness of a Bazaar customer and the full form of MEL. Challenge yourself with 30 questions and see how much you know.

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