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Questions and Answers
The length of time remaining before a financial contract expires and can be given in years, months or days is referred to as?
The length of time remaining before a financial contract expires and can be given in years, months or days is referred to as?
False
Should the account be denied, what notice shall likewise be sent?
Should the account be denied, what notice shall likewise be sent?
False
What does the presentation of the credit facilities that will be granted to a client refer to?
What does the presentation of the credit facilities that will be granted to a client refer to?
False
What must repayment mode and tenor be based on?
What must repayment mode and tenor be based on?
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Which document contains the highlights of the credit proposal?
Which document contains the highlights of the credit proposal?
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In structuring the terms and conditions of a credit transaction, the fund matching principle must be observed.
In structuring the terms and conditions of a credit transaction, the fund matching principle must be observed.
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The credit approval process should not be based on a system of checks and balances.
The credit approval process should not be based on a system of checks and balances.
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Prudent credit practice requires that persons empowered with the credit approval authority should also have the customer relationship responsibility.
Prudent credit practice requires that persons empowered with the credit approval authority should also have the customer relationship responsibility.
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It would be imprudent to require approval of two officers on a credit application, regardless of the nature and size of credit.
It would be imprudent to require approval of two officers on a credit application, regardless of the nature and size of credit.
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An officer's initials or signature is not considered their own unique password.
An officer's initials or signature is not considered their own unique password.
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