29 Questions
What is the typical range of interest rates for a car loan?
7% to 14% per annum
What is the maximum loan tenure for a car loan?
7 years
Which type of employee can get tax benefits on a car loan?
Self-employed professional or business owner
What is the typical range of interest rates for a home loan?
7% to 9% per annum
What is the typical loan-to-value (LTV) ratio for a home loan?
75% to 90% of the property value
Which of the following is NOT a purpose for which a home loan can be taken?
Purchase of a car
What is the primary reason why a home loan is considered special?
The wide range of lender options available to the customer
What does savings represent according to the passage?
An individual's unspent earnings
What is the primary purpose of savings according to the passage?
To pool up funds for the future
Which of the following is NOT identified as a benefit of saving in the passage?
Being able to buy a new car
What is the first step recommended in the passage for starting to save?
Start With a Budget
What is the definition of net banking according to the passage?
A service offered by banks that allows customers to access various banking services and perform financial transactions online
What is a key benefit of a personal loan in India?
Instant loan approval without submitting any documents
How can personal loans help improve an individual's credit score?
By timely repayment of EMIs
Why do lenders provide Car Loans to customers?
To fulfill the dream of owning a car for those with financial constraints
What sets Car Loans apart from Personal Loans in terms of loan amount?
Car Loans offer higher loan amounts compared to Personal Loans
What documents are required to apply for a Personal Loan?
Long list of KYC documents and income proof
How do Car Loans help customers in purchasing cars?
By providing loan amounts upto 95% of the car price
What is a common characteristic of Ponzi schemes?
Promising high returns with low risk
How do Ponzi fraudsters typically describe their non-existent investments?
'High yield investment programme' or 'global currency arbitrage'
What is the main purpose of a Ponzi scheme?
Paying returns to earlier investors with money from new investors
How can investors protect themselves from falling victim to a Ponzi scheme?
Asking simple questions and being persistent if information is dodged
Why are Ponzi schemes compared to pyramid schemes?
Both use new investors' funds to pay earlier backers
In a basic example provided, who benefits the most in a Ponzi scheme scenario?
The early investors who receive returns funded by new investors
What is the primary recommendation made by the Securities and Exchange Commission (SEC) regarding verifying the registration of an investment?
Verify the investment through the EDGAR database, state securities regulator, and FINRA's market data.
What is one sign that an investor has put their money into a Ponzi scheme?
The investor is unable to obtain promised payments or cash out.
Which of the following is NOT recommended by the text as a resource for learning how to invest and evaluate investment opportunities?
The North American Securities Administrators Association.
What is the main reason the text suggests an investor should not invest in an investment they do not fully understand?
The investor will not be able to properly evaluate the risk and potential gain of the investment.
What is one tactic that scammers may use to discourage investors from departing a Ponzi scheme?
Offering even higher returns to keep investors invested.
Explore the various advantages of opting for a personal loan in India, including no requirement for collateral, flexible repayment tenure, instant approval, and quick loan disbursal. Learn why personal loans are a popular choice for many individuals.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
