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Question Bank : PSLP

1. Which PSLP is not a part of the package under Home Loan Combo
a. IBVLS
b. IB salaried class loan
c. IB Pension Loan
d. IND MORTGAGE
____________________________________________________________________________________________

2. Individuals including Joint borrowers who have availed Home Loan from Indian Bank and Satisfactorily serviced
the Home Loan for at least ………….years are eligible for loan under Home Loan Combo
a. 1
b. 2
c. 3
d. 5
____________________________________________________________________________________________

3. Minimum entry age of the applicant for home loan


a. 18
b. 20
c. 21
d. 25
____________________________________________________________________________________________

4. Maximum exit age of the applicant for home loan


a. 60
b. 65
c. 70
d. 75
____________________________________________________________________________________________

5. ZLCC can consider exit age upto --- years for „applicants whose income is taken for eligibility
a. 60
b. 65
c. 70
d. 75
____________________________________________________________________________________________

6. To repair / renovate an existing house / flat max amount is


a. Rs.20 lakhs
b. Rs.30 lakhs
c. Rs.10 lakhs
d. Rs.5 lakhs
____________________________________________________________________________________________
1. D 2. C 3. A
4. C 5. D 6. C
Question Bank : PSLP

7. To repair / renovate an existing house / flat max Max. repayment period is


a. 100 months
b. 120 months
c. 180 months
d. 160 months
____________________________________________________________________________________________

8. To repair / renovate an existing house / flat margin is


a. 30% (Minimum) on the estimate.
b. 40% (Minimum) on the estimate.
c. 35% (Minimum) on the estimate.
d. 45% (Minimum) on the estimate.
____________________________________________________________________________________________

9. Quantum of loan is --- times of Gross Monthly Income


a. 40
b. 50
c. 60
d. 65
____________________________________________________________________________________________

10. ZLCC can permit loan upto --- times of Net Monthly Income
a. 50
b. 60
c. 65
d. 72
____________________________________________________________________________________________

11. Margin for purchase / construction of house/flat loan amount upto Rs.20 lakhs is
a. 10%, LTV 90%
b. 20%, LTV 80%
c. 25%, LTV 75%
d. 35%, LTV 75%
____________________________________________________________________________________________

12. Margin for purchase / construction of house/flat loan amount above Rs.20 lakhs upto Rs.75 lakhs is
a. 10%, LTV 90%
b. 20%, LTV 80%
c. 25%, LTV 75%
d. 35%, LTV 75%
____________________________________________________________________________________________
7. B 8. A 9. C
10. D 11. A 12. B
Question Bank : PSLP

13. Margin for purchase / construction of house/flat loan amount above Rs.75 lakhs is
a. 10%, LTV 90%
b. 20%, LTV 80%
c. 25%, LTV 75%
d. 35%, LTV 75%
____________________________________________________________________________________________

14. Second Legal opinion to be obtained for loan limit of ----- lakhs and above
a. Rs.100.00
b. Rs.150.00
c. Rs.200.00
d. Rs.250.00
____________________________________________________________________________________________

15. For Home Loans where Loan amount exceeding----- lakhs, valuation by two independent valuers has to be
obtained
a. Rs.100.00
b. Rs.150.00
c. Rs.200.00
d. Rs.250.00
____________________________________________________________________________________________

16. All the branches have to access both CIBIL and Experian data base if the loan amount is more than ---- lakhs
for retail loans like Home loans, Ind Mortgage and Rent Encash
a. Rs.20.00
b. Rs.15.00
c. Rs.10.00
d. Rs.35.00
____________________________________________________________________________________________

17. Pre Release audit is to be conducted for Home loans of above ------- lakhs and above and permission for
disbursal of loan is to be obtained from the sanctioning authority
a. Rs 40.00
b. Rs 50.00
c. Rs 60.00
d. Rs 100.00
____________________________________________________________________________________________

18. IB Home loan to non resident Indians entry age of the applicant
a. Between 21 and 50 years
b. Between 18 and 50 years
c. Between 21 and 40 years
d. Between 18 and 40 years
____________________________________________________________________________________________
13. C 14. A 15. A
16. C 17. B 18. A
Question Bank : PSLP

19. IB Home loan to non resident Indians exit age of the applicant
a. Maximum 60 years
b. Maximum 70 years
c. Maximum 65 years
d. Maximum 75 years
____________________________________________________________________________________________

20. Quantum of loan ------ times of Gross Monthly Income


a. 40
b. 50
c. 60
d. 75
____________________________________________________________________________________________

21. Quantum of loan for IB Home Improve is


a. 36 times of the Gross Monthly Income, subject to a maximum of Rs.10 lakhs.
b. 36 times of the Gross Monthly Income, subject to a maximum of Rs.20 lakhs.
c. 46 times of the Gross Monthly Income, subject to a maximum of Rs.10 lakhs.
d. 46 times of the Gross Monthly Income, subject to a maximum of Rs.20 lakhs.
____________________________________________________________________________________________

22. Interest rate for overdraft under IB Home Advantage is


a. 1.00% over the applicable Home Loan rate.
b. 0.50% over the applicable Home Loan rate.
c. 1.50% over the applicable Home Loan rate.
d. 0.75% over the applicable Home Loan rate.
____________________________________________________________________________________________

23. ZLCC can give margin relaxations in IB Home Enrich


a. 5%
b. 10%
c. 15%
d. 20%
____________________________________________________________________________________________

24. Concession of ………. % from the applicable processing charges of the eligible products is available under
Home Loan Combo
a. 20
b. 25
c. 50
d. 75
____________________________________________________________________________________________
19. A 20. C 21. A
22. A 23. A 24. C
Question Bank : PSLP

25. Which of the following is not a channel for lead generation to improve our market share in Home loans ?
a. SMS
b. ATM
c. Staff App
d. None of these
____________________________________________________________________________________________

26. In order to achieve target under number of sanctions and amount of disbursement, CO:IRV has advised to
mobilize minimum 4 Home Loans of average ticket size of Rs ……. Lakhs per branch per month at Metro, Urban,
Semi-Urban areas
a. 10
b. 20
c. 25
d. 30
____________________________________________________________________________________________

27. Recently introduced In-house Software for Home Loan Processing is expected to ensure creation of quality
assets and Turn Around Time (TAT) norms adhered with and is available under …………….menu of Help desk.

a. BBMIS
b. EXIM BILLS
c. Loan Automation Processing System (LAPS)
d. RM Module
____________________________________________________________________________________________

28. Branch Manager/Sanctioning Authorities are permitted to consider more than ………... Home Loans from a
particular project without referring the same to Zonal Office for permission if the projects/construction otherwise fulfil
our usual norms
a. 2
b. 3
c. 4
d. 5
____________________________________________________________________________________________
29. For the Home Loans to be classified as Commercial Real Estate (CRE) exposure, the rate of interest shall be
“……...% above the applicable Home Loan interest rates based on the limit”.
a. 0.5
b. 1
c. 1.5
d. 2
____________________________________________________________________________________________
30. For Home Loans branches should refer the title deeds and other papers obtained from the applicants, in respect
of the property to be financed, directly to Panel Advocate with a covering letter as per format …..
a. F174
b. F 175.
c. D174
d. D175
____________________________________________________________________________________________
25. D 26. B 27. C
28. D 29. B 30. B
Question Bank : PSLP

31. For Home Loans Encumbrance Certificate(EC) is obtained for ……years


a. 10
b. 13
c. 18
d. 30
____________________________________________________________________________________________

32. In respect of salaried employees, whose exit age goes beyond the retirement age and has regular income after
retirement, the stipulation that _____ % of balance outstanding in the home loan account(s) at the time of retirement
is to be paid out of the ter
a. 25%
b. 40%
c. 50%
d. 75%
____________________________________________________________________________________________

33. In respect of salaried employees, whose exit age goes beyond the retirement age and does not have regular
income after retirement, the stipulation that _____ % of balance outstanding in the home loan account(s) at the time
of retirement is to be paid out
a. 40%
b. 50%
c. 75%
d. 100%
____________________________________________________________________________________________

34. In case of Home loans, where name of applicant is added for sentimental reasons, the exit age of these
applicants
a. Should also comply with the exit age under the Scheme like any other borrower
b. Need not be considered in case their income is not considered for eligibility
c. Such type of applicants should not be made party to loan
d. none of these
____________________________________________________________________________________________

35. If a customer avails Home Loan and Additional Home Loan on the same property, what is the amount of OD
that can be considered, subject to LTV, repayment capacity, etc.
a. 20% on Home loan availed
b. 20% on Additional Home loan
c. 20% on combined limit of Home Loan and Additional Home Loan availed on same property
d. none of these
____________________________________________________________________________________________

36. What is the required margin for IB Home Advantage Overdraft facility
a. 10%
b. 20%
c. 25%
d. LTV norm to be ensured and margin need not be insisted.
____________________________________________________________________________________________
31. B 32. C 33. D
34. A 35. C 36. D
Question Bank : PSLP

37. If Home loan is sanctioned with a repayment period of 27 years (with one year holiday period), the repayment
period for OD under IB Home Advantage is
a. 5 years
b. 4 years
c. 3 years
d. 2 years
____________________________________________________________________________________________

38. On sanction of OD limit for existing Home Loan borrowers, the existing Home Loan product code
a. Need not be changed
b. to be changed to Home Loan Advantage
c. to be changed to Home Loan Combo
d. None of these
____________________________________________________________________________________________

39. If the Home Loan property to be purchased could not be offered as security for any valid reason, alternate
property can be accepted as security, provided the value of the property is more than ____ times the limit to be
sanctioned.
a. 1.5
b. 1.75
c. 2
d. 2.5
____________________________________________________________________________________________

40. If the Home Loan property to be purchased could not be offered as security for any valid reason, alternate
property can be accepted as security. Who can consider such Home Loan proposals ?
a. BM of Scale IV and above
b. ZLCC
c. COLCC
d. Such proposals are not permitted as per guidelines
____________________________________________________________________________________________

41. What are the Incidental Charges, inclusive of Service Tax, for Home Loans ?
a. Rs.250 p a
b. Rs.300 p a
c. Rs.100 p a
d. Rs. 500 one time
____________________________________________________________________________________________

42. What are Equitable Mortgage charges for Loans of above 5 lacs under IB Home Loan
a. Rs.237 per lac
b. Nil
c. Rs.200 per lac
d. Rs.100 per lac
____________________________________________________________________________________________
37. C 38. C 39. C
40. B 41. A 42. B
Question Bank : PSLP

43. In case the purpose of Home loan is for purchase of a property, Legal Scrutiny Report shall be obtained with
reference to
a. Vendor's title
b. Agreement of Sale
c. Draft Sale Deed
d. All the above
____________________________________________________________________________________________

44. EVR need not be insisted for Home Loans, if the flat /plot/house is acquired from
a. Housing Board
b. State
Development authorities
c. EVR is a must for all Home Loans
d. A & B
____________________________________________________________________________________________

45. In case of home loans, where two valuations are to be obtained, average of the two valuations may be taken as
notional valuation of the property if difference in valuation is ____% or less
a. 10%
b. 15%
c. 20%
d. 5%
____________________________________________________________________________________________

46. In case of takeover of Home Loans, Pass Book entries / Statement of account both savings as well as Home
Loan from other Banks for the past _________ are to be scrutinized to screen that only good applicants come to our
Bank‟s fold
a. 6 months
b. 12 months
c. 18 months
d. 24 months
____________________________________________________________________________________________

47. The Entry Level Score for Home Loans as per extant guidelines is _______ and above
a. BB
b. BBB
c. A
d. Scoring need not be done for Home loans
____________________________________________________________________________________________

48. Insurance should be taken for Home Loans for the _________________ value of the building against the risk
of fire and other specified risks like strike, riot etc
a. Market Value
b. Loan Amount
c. Realisable Value
d. structural Value
____________________________________________________________________________________________
43. D 44. D 45. B
46. B 47. B 48. D
Question Bank : PSLP

49. Legal Audit to be conducted for Home loans if the loan amount is _______
a. Rs.50 lacs
b. Rs.75 lacs
c. Rs.100 lacs
d. Rs.500 lacs
____________________________________________________________________________________________

50. In case of Home Loans, for centres where ECS facility is not available, branches should obtain _____ number of
duly filled in post dated cheques.
a. 12
b. 24
c. 36
d. 6
____________________________________________________________________________________________

51. What is the Document No. for revised "Term Loan Agreement for Housing Loan"
a. D-126
b. D-127
c. D-128
d. D-129
____________________________________________________________________________________________

52. Branches and ZOs should not insist for LSR / EVR from Home Loan Borrowers for processing their Home Loan
requests under Projects __________ by our bank
a. Approved
b. Financed
c. A & B
d. A or B
____________________________________________________________________________________________

53. Waiver of processing charges‟ on Home Loans during campaign period from 01.09.2016 to 31.12.2016 is not
applicable to
a. 2 nd Home Loan
b. Plot Loans
c. CRE category
d. Home Loan Plus
____________________________________________________________________________________________

54. In case of Home Loans, Fixed Interest Rate option is available for ____________
a. Home Loan to resident Indian
b. Home Loan to NRI
c. A & B
d. none of these
____________________________________________________________________________________________
49. C 50. C 51. C
52. D 53. C 54. A
Question Bank : PSLP

55. in case of Home loans, switch over from variable rate to fixed rate option
a. Can be done on borrower's request without additional charges
b. Can be done on borrower's request with 1% charges on Balance o/s
c. Can be done on borrower's request with 1% charges on limit sanctioned
d. is not available
____________________________________________________________________________________________

56. In case of Home loan for purchase of Flat under construction, Who is the authority to consider registration of
UDS of Land after release of first instalment in applicable cases
a. Branch Managers of Scale IV and above
b. ZLCC
c. CC/IRB
d. B & C
____________________________________________________________________________________________

57. In case of Home loan to NRI, who can consider the proposals where EM is created by Power of Attorney
a. Branch Manager
b. ZLCC
c. CC/IRB
d. B & C
____________________________________________________________________________________________

58. For availing Home loans from our Bank, Exemption from Submission of IT return is available for the following
type of borrowers
a. Tribal people belonging to Arunachal Pradesh
b. Tribal people belonging to Manipur & Mizoram
c. Tribal people belonging to Nagaland & Tripura
d. All the above
____________________________________________________________________________________________

59. In case of Home Loans, where the borrowers are exempted from submission of IT returns, following are to be
obtained as alternate proof of income.
a. Audited Balance Sheet (for Business People)
b. Unaudited Balance Sheet (for Business People)
c. Income certificate issued by competent Government Authorities (for Salaried Class)
d. A & C
____________________________________________________________________________________________

60. Revaluation of property under Home Loan is to be done once in three years if the Balance o/s is more than
_______ at the end of three years.
a. Rs.50 lacs
b. Rs.75 lacs
c. Rs.100 lacs
d. Rs.200 lacs
____________________________________________________________________________________________
55. D 56. D 57. D
58. D 59. D 60. C
Question Bank : PSLP

61. Revaluation of property under Home Loan is to be done in case the account is under ______________
Category.
a. SMA
b. NPA
c. A or B
d. none of these
____________________________________________________________________________________________

62. For Home loan to NRI, following document must be obtained


a. Salary Certificate to verify whether minimum monthly salary of USD 900 is earned
b. Copy of contract for remaining period of Service
c. Power of Attorney in favour of close relatives
d. none of these
____________________________________________________________________________________________

63. In case of Home Loans, EC to be obtained for a minimum period of


a. 10 years
b. 12 years
c. 13 years
d. 30 years
____________________________________________________________________________________________

64. In case of Home loan to Salaried employees, salary certificate is to be obtained for a minimum period of
a. 3 months
b. 1 month
c. 6 months
d. 12 months
____________________________________________________________________________________________

65. In case of Home loan to Salaried employees, statement of account is to be obtained for a period of
a. 3 months
b. 1 month
c. 6 months
d. 12 months
____________________________________________________________________________________________

66. In case of Home Loans, parent documents, in original, are to be obtained for a minimum period of
a. 10 years
b. 12 years
c. 13 years
d. 30 years
____________________________________________________________________________________________
61. C 62. B 63. C
64. C 65. C 66. C
Question Bank : PSLP

67. In case of Home loans, if original parent documents are not available, certified copies of parent documents are
to be obtained for a minimum period of
a. 10 years
b. 12 years
c. 13 years
d. 30 years
____________________________________________________________________________________________

68. In case of takeover of Home Loan from other Banks, which of the following documents are to be obtained.
a. Copy of Original Sanction Letter
b. Latest Balance o/s letter from the Bank
c. List of documents held with the erstwhile Banker
d. All the above
____________________________________________________________________________________________

69. What is the required LTV % for Home loans upto Rs.20 lacs
a. 10%
b. 20%
c. 80%
d. 90%
____________________________________________________________________________________________

70. What is the required LTV % for Home loans above Rs.20 lacs and upto Rs.75 lacs
a. 10%
b. 20%
c. 80%
d. 90%
____________________________________________________________________________________________

71. What is the required LTV % for Home loans above Rs.75 lacs
a. 20%
b. 25%
c. 75%
d. 80%
____________________________________________________________________________________________

72. Home loan for the properties, which are in „unauthorized colonies‟ can be sanctioned if
a. they are regularised
b. Development and other charges are paid
c. A & B
d. A or B
____________________________________________________________________________________________
67. D 68. D 69. D
70. C 71. C 72. C
Question Bank : PSLP

73. In case of Home loans, if the borrower's salary slip contains adhoc or one time payment, then
a. Such payments are to be excluded from computation for eligibility
b. Such payments can be included
c. Such payments are to be distributed over 6 months
d. 50% of such payments can be included for arriving eligibility
____________________________________________________________________________________________

74. In case of Home loan to Business persons, the income to be considered for arriving eligibility is :
a. Net Income
b. Gross Income
c. Gross income net of tax before deducting depreciation
d. Gross income net of tax after deducting depreciation
____________________________________________________________________________________________

75. Maximum loan amount under loan for purchase of house site / plot is
a. Rs. 300 lacs
b. Rs. 200 lacs
c. Rs. 100 lacs
d. Rs. 250 lacs
____________________________________________________________________________________________

76. Maximum repayment period under loan for purchase of house site/plot
a. 120 months
b. 180 months
c. 60 months
d. 150 months
____________________________________________________________________________________________

77. Holiday period under Loan for Purchase of House Site is


a. NIL
b. one month
c. 3 months
d. 6 months
____________________________________________________________________________________________

78. Processing charges under Loan for purchase of House Site/Plot


a. 0.05%
b. 0.56%
c. 1.178%
d. 1%
____________________________________________________________________________________________
73. A 74. C 75. A
76. B 77. A 78. C
Question Bank : PSLP

79. Both CIBIL and Experian report to be taken for home loans with limits more than
a. Rs. 10 lacs
b. Rs. 20 lacs
c. Rs. 5 lacs
d. Rs. 25 lacs
____________________________________________________________________________________________

80. Exit age in case of Home loan under MDL power is


a. 70 years
b. 60 years
c. 65 years
d. 75 years
____________________________________________________________________________________________

81. Who shall be the sanctioning authority for permitting extension of EM in case of Home Loan property to other
loans other than IB Home Loan Plus and IB Special Combo ?
a. Sanctioning authority who sanctioned the Home Loan
b. BM of Scale IV and above only
c. ZLCC
d. Such extensions are not permitted
____________________________________________________________________________________________

82. For which of the loans, the Sanctioning authority can extend EM of House property under IB Home loan to other
loans without obtaining permission from ZLCC ?
a. IB Home Loan Plus
b. IB Special Combo
c. Both A & B
d. none of these
____________________________________________________________________________________________

83. Minimum entry age limit for home loan under MDL is--- years
a. 18
b. 20
c. 21
d. 25
____________________________________________________________________________________________

84. Maximum exit age limit for home loan under MDL is --years
a. 70
b. 55
c. 60
d. 65
____________________________________________________________________________________________
79. A 80. A 81. C
82. C 83. A 84. A
Question Bank : PSLP

85. Home Loans can be considered


a. to purchase / construct a new house / flat
b. to purchase house site and construction
c. to repair / renovate an existing house
d. All of these
____________________________________________________________________________________________

86. Maximum repayment period in case of repairs and renovation to existed house is _____months
a. 120
b. 180
c. 240
d. 60
____________________________________________________________________________________________

87. Maximum repayment period in case of home loans is --months including holiday period, subject to exit age of 70
years
a. 240
b. 300
c. 250
d. 360
____________________________________________________________________________________________

88. In case of Home Loans, what is the minimum required Take Home Pay after deduction of proposed EMI ?
a. 30
b. 25
c. 40
d. 35
____________________________________________________________________________________________

89. Interest Reset is at the end of every--- years for Home Loans under Fixed ROI option.
a. 3
b. 4
c. 5
d. 6
____________________________________________________________________________________________

90. Which is not a part of cost of project, in case of Home Loans with project cost upto Rs.10 lacs
a. Stamp duty
b. Registration Charges
c. Documentation Charges
d. Advocate fees
____________________________________________________________________________________________
85. D 86. A 87. D
88. C 89. C 90. D
Question Bank : PSLP

91. Under Home loan, Loans to individuals up to _____ in metropolitan centres for a project cost of Rs. 35 lacs will
be considered as priority
a. Rs. 25 lacs
b. Rs. 28 lacs
c. Rs30 lacs
d. Rs. 50 lacs
____________________________________________________________________________________________

92. Under Home Loan, Loans to individuals up to ____at other centres for a project cost of Rs. 25 lacs will be
considered as priority
a. Rs. 20 lacs
b. Rs. 28 lacs
c. Rs. 30 lacs
d. Rs. 50 lacs
____________________________________________________________________________________________

93. Under Home loan, Loans to individuals up to Rs.28 lacs in metropolitan centres with a project cost of Rs.
______ lacs will be considered as priority
a. Rs. 28 lacs
b. Rs. 30 lacs
c. Rs 35 lacs
d. Rs. 40 lacs
____________________________________________________________________________________________

94. Under Home Loan, Loans to individuals up to Rs.20 lacs at centres other than Metropolitan, with a project cost
of Rs. _______ lacs will be considered as priority
a. Rs. 20 lacs
b. Rs. 25 lacs
c. Rs. 30 lacs
d. Rs.28 lacs
____________________________________________________________________________________________

95. Pre-release audit should be conducted for IB Home loan for an amount of
a. Rs.10 lakhs and above
b. Rs.20 lakhs and above
c. Rs.1 crore and above
d. Rs.50 lakhs and above
____________________________________________________________________________________________

96. What is the Nature of charge created in case of IBHL


a. Pledge
b. Assignment
c. Hypothecation
d. Mortgage
____________________________________________________________________________________________
91. B 92. A 93. C
94. B 95. D 96. D
Question Bank : PSLP

97. Processing charges recovered at the time of submission of IBHL proposal is


a. Refundable
b. Non refundable
c. 50 % refundable
d. none of these
____________________________________________________________________________________________

98. In case of Home Loans, Stamp duty , Registration Charges, Other documentation charges are permitted to be
included to the cost if the cost of house / dwelling unit does not exceed
a. 5 lacs
b. 10 lacs
c. 15 lacs
d. 20 lacs
____________________________________________________________________________________________

99. In case of Home Loans, if the applicant is a salaried class person and employed in other than Central Govt or
State Govt Undertakings / PSUs / MNCs and Top Notch Corporate minimum required period of service is
a. 2 years
b. 3 years
c. 5 years
d. 4 years
____________________________________________________________________________________________

100. In case of Home Loans, if the applicant is employed in Central Govt or State Govt Undertakings / PSUs /
MNCs and Top Notch Corporate minimum required period of service is
a. On Confirmation of employment
b. Two years of Service
c. Both A & B
d. A or B whichever is earlier
____________________________________________________________________________________________

101. In case of Home loans, employees from top notch corporates means the company is to be_____________ and
rating to be current and shall not be older than 12 months.
a. Externally Rated BBB or above
b. Externally Rated BB or above
c. Externally Rated A or above
d. Need not be rated
____________________________________________________________________________________________

102. In case of Home loans, Income of Parents / Adult Children can also be considered and their income can also
be included for loan eligibility / recovery if
a. Their income is regular and backed by income proof
b. they give ECS / Standing Instructions are given to recover the loan instalments
c. They are included as co-applicants to the loan.
d. A, B & C
____________________________________________________________________________________________
97. B 98. B 99. B
100. D 101. A 102. D
Question Bank : PSLP

103. In case of home loans, generally the total number of co-applicants are restricted to
a. 2
b. 3
c. 4
d. 1
____________________________________________________________________________________________

104. In case of Home loans, who can permit inclusion of siblings (brothers / sisters) as co-applicants, only in case
where they also have stake in the property
a. BM
b. BM of Scale IV and above
c. ZLCC
d. BM of Scale V
____________________________________________________________________________________________

105. In case of Home loans, more than three co-applicants can be permitted by
a. Sanctioning authority
b. BM of Scale IV and above
c. ZLCC
d. BM of Scale V
____________________________________________________________________________________________

106. In case of Home loans, who is empowered to permit to include Income of spouses / children of co-applicants
a. Can not be included
b. BM of Scale IV and above
c. ZLCC
d. BM of Scale V
____________________________________________________________________________________________

107. In case of Home Loans, Inclusion of Income of HUF can be reckoned on certain terms and conditions, for
calculation of Home Loan eligibility by
a. ZLCC
b. IRB
c. ZLCC / IRB
d. none of these
____________________________________________________________________________________________

108. In case of takeover of Home Loan accounts, the repayment period can be extended beyond the period
sanctioned by the original lender subject to
a. Maximum of 30 years including period already run in the existing institution
b. Maximum of upto 70 years of age of borrower
c. A or B whichever is earlier
d. A or B whichever is later
____________________________________________________________________________________________
103. B 104. C 105. C
106. C 107. C 108. C
Question Bank : PSLP

109. In case of Home Loan, if the property is in the name of spouse of the applicant,
a. Loan cannot be sanctioned if the spouse does not have income
b. Loan can be sanctioned even if the spouse does not have income
c. Transfer of property in the name of the income earning person must be insisted
d. none of these
____________________________________________________________________________________________

110. In case of Home Loans, if a property is held / to be purchased in the names of parents (father / mother), loans
can be extended based on the income of their sons / daughters. In such cases, if there are any other legal heirs
(who are not part of the borro
a. Also be included as borrowers
b. Should extend their personal guarantees
c. Should give No Objection Letters
d. B or C
____________________________________________________________________________________________

111. In case of Home Loans, if the property is held in the name of Children, whether loans can be extended based
on the income of their parents ?
a. Yes
b. No
c. Yes, but children should not be minors
d. none of these
____________________________________________________________________________________________

112. In case of Home Loans, if the property is held / to be purchased in the names of other types of relatives ( i.e.
other than spouse / parents / adult children)
a. Loans can be sanctioned in joint names
b. Loans can be sanctioned by taking them as guarantors
c. Loans can be sanctioned by obtaining NOC from them
d. Loans shall not be extended in such cases
____________________________________________________________________________________________

113. Who, among the following is eligible for Home Loan


a. Resident Indian Individuals
b. Pensioners
c. Staff of our Bank
d. All the above
____________________________________________________________________________________________

114. Home Loan can be sanctioned for reimbursement of cost incurred for purchase / construction of house / flat -
met from own resources during the preceding _____ months
a. One
b. Three
c. Six
d. Four
____________________________________________________________________________________________
109. B 110. D 111. C
112. D 113. D 114. C
Question Bank : PSLP

115. In case of Home Loans, who is empowered to consider reimbursement of cost of construction / cost of
purchase
a. BM
b. ZLCC
c. Corporate Office
d. none of these
____________________________________________________________________________________________

116. In case of Home Loan, where reimbursement is considered, the Margin requirement is
a. As stipulated in the relevant scheme
b. 25%
c. A or B whichever is lower
d. A or B whichever is higher
____________________________________________________________________________________________

117. In case of Home Loans, „Completion Certificate‟ should be obtained from our panel engineer within ____
months of completion of construction
a. One
b. Two
c. Three
d. Four
____________________________________________________________________________________________

118. In case of Home Loan applied for purchase of land and construction of the house, the loan towards cost of
land should not exceed ____% of the total Project Cost, if the property is in rural / semi urban area
a. 25
b. 40
c. 50
d. 30
____________________________________________________________________________________________

119. In case of Home Loan for Purchase of existing house / flat, the residual life of the building/flat to be purchased
should be a minimum of _____ years more than the repayment period‟ of the loan
a. 5
b. 10
c. 15
d. 20
____________________________________________________________________________________________

120. In case of Home Loans for Purchase of existing house / flat, ZLCC may permit minimum residual period of
____ years more than the repayment period‟ of the loan.
a. 5
b. 10
c. 15
d. 20
____________________________________________________________________________________________
115. B 116. D 117. C
118. C 119. B 120. A
Question Bank : PSLP

121. In case of old buildings without Plan approval, the authority who can consider Home Loan subject satisfaction
of other eligibility, is
a. BM Scale IV & Above
b. ZLCC
c. Corporate Office
d. none of these
____________________________________________________________________________________________

122. In computing eligible amount of Home loan, ____ % of future rental income from the property to be
purchased/constructed/owned by the applicant can also be included
a. 40%
b. 50%
c. 60%
d. 25%
____________________________________________________________________________________________

123. Applicable Rate of Interest under CRE category under Home loans is ____% above normal ROI applicable to
Home Loans
a. 0.50%
b. 1.00%
c. 1.25%
d. 0.75%
____________________________________________________________________________________________

124. Maximum number of residential dwelling units that can be considered for Home Loans under CRE exposure is
limited to ___ per family.
a. 4
b. 5
c. 6
d. 3
____________________________________________________________________________________________

125. In case of Home loans, what are the service charges to be levied in case of switch over from variable rate to
fixed rate option
a. 1% of Balance o/s
b. 0.5% of balance o/s
c. 1.5% of balance o/s
d. Variable Rate to Fixed rate option is not available
____________________________________________________________________________________________

126. For Home Loans, Interest is compounded in _______ basis


a. Daily
b. Monthly
c. Quarterly
d. Not compounded
____________________________________________________________________________________________
121. B 122. C 123. B
124. B 125. D 126. C
Question Bank : PSLP

127. For Home Loans EMI is to be serviced on or before ______ of every month
a. Last day
b. 15th
c. 10th
d. 20th
____________________________________________________________________________________________

128. In case of Home loans, holiday period interest


a. to be serviced at the time of commencement of EMI
b. to be serviced then and there
c. to be included in principal and EMI is to be fixed accordingly in cases specifically permitted
d. B or C
____________________________________________________________________________________________

129. Variable EMI option is available for Home Loan accounts with repayment period of
a. 10 years
b. 15 years
c. 20 years
d. all of these
____________________________________________________________________________________________

130. In case of employees of Government Departments/Public Sector Undertakings (PSUs), who have availed
Housing Loan from their employer against mortgage of property by way of first charge, second charge can be
approved by
a. Respective Sanctioning Authority
b. ZLCC
c. Corporate Office
d. Second Charge should not be accepted
____________________________________________________________________________________________

131. To avail IB home loan, the person should generally be in the profession/service for more than
a. 2 years
b. 3 years
c. 5 years
d. 4 years
____________________________________________________________________________________________

132. When a Home loan application is received,………..should be the first step to be done immediately
a. Obtaining Legal Scrutiny Report
b. Obtaining Plan/Project Approval
c. Credit Interview
d. Engineer Valuation Report/Estimate
____________________________________________________________________________________________
127. C 128. D 129. D
130. B 131. B 132. C
Question Bank : PSLP

133. Eligibility for NRIs gainfully employed abroad with a minimum experience of ____ years for IBHL.
a. 3
b. 5
c. 2
d. 1
____________________________________________________________________________________________

134. No loan should be given in respect of………….. properties under the Property should be eligible for
SARFAESI
a. commercial
b. residential
c. SARFAESI enforceable
d. 1 or 3
____________________________________________________________________________________________

135. MAs(Marketing Associates) will be paid service charges of 0.25% of the loan amount, subject to a maximum of
Rs…………...-(inclusive of Service Tax and other taxes applicable, if any) after first disbursement of loan .
a. 10000
b. 15000
c. 25000
d. 50000
____________________________________________________________________________________________

136. Requirement to be Marketing Associates is/are


a. Projects which are rated 4 star and above
b. Builders rated as ‟A‟ and above
c. Projects eligible should be approved by our Bank.
d. all are correct
____________________________________________________________________________________________

137. Our bank has come out with the concept of Marketing Associates(MA) to
a. to improve market share in Home Loans
b. act as one more channel for Lead Generation
c. to have a sustained growth in retail loans
d. All of these
____________________________________________________________________________________________

138. Eligible approved projects or Builders shall be considered as Marketing Associates (MAs) by .........
a. Ind Retail Branch
b. CO/IRV
c. Zonal Office
d. CO/Credit
____________________________________________________________________________________________
133. C 134. B 135. C
136. D 137. D 138. C
Question Bank : PSLP

139. In case of CRE funding will result in creation / acquisition of real estate where the primary source of cash flow
(i.e. more than ...........% of cash flows) for repayment would generally be lease or rental payments or the sale of the
assets as also rec
a. 25
b. 33
c. 50
d. 75
____________________________________________________________________________________________

140. Which of the following loan products is not handled by Ind Retail Vertical(IRV)
a. Ind Mortgage
b. Staff Housing loan /Staff OD for all the employees working in Corporate Office
c. Commercial Real Estate
d. None of these
____________________________________________________________________________________________

141. ……….. is the flagship product under Personal Segment Loans of the Bank, which contributes major portion of
our Bank‟s total exposure under Personal Segment Loans
a. Vehicle Loan
b. Home Loan
c. Ind Mortgage
d. IB Rent Encash
____________________________________________________________________________________________

142. Loan under CRE can be considered with ……... rate of interest
a. Variable
b. Fixed
c. either 1 or 2
d. None of these
____________________________________________________________________________________________

143. Extension of EM has to be registered with Central Registry reflecting the __________
a. Extended amount
b. Initial amount of loan sanctioned
c. Overall Limit
d. Amount need not be mentioned
____________________________________________________________________________________________

144. Pre closure charges were abolished for the following loans
a. Home Loans
b. Plot Loans
c. Home Improve
d. All the above
____________________________________________________________________________________________
139. C 140. D 141. B
142. A 143. C 144. D
Question Bank : PSLP

145. What is the format number for covering letter addressed to the lawyer for scrutiny/investigation of the title
a. F-170
b. F-175
c. F-174
d. F-178
____________________________________________________________________________________________

146. Loan for purchase of Land and / or construction is to be released in stages. How much % of loan can be
released for Purchase of Land / upto basement ?
a. 25%
b. 30%
c. 35%
d. 40%
____________________________________________________________________________________________

147. Branches should also obtain at least _______post dated cheques (In CTS-2010 standard format only) in
addition to ECS mandate from the borrowers towards payment of monthly EMI‟s.
a. 36
b. 6
c. 12
d. 2
____________________________________________________________________________________________

148. EC is to be obtained immediately after _____ days of creation of Equitable Mortgage


a. 90
b. 120
c. 30
d. 60
____________________________________________________________________________________________

149. The builder should have the following for eligibility of Housing Projects approval
a. Experience
b. Affiliation to Industrial Body or CREDAI
c. ISO Certification
d. Any one of the above
____________________________________________________________________________________________

150. For Housing Project approval, the builder should have experience of
a. 5 years
b. 10 years
c. 7 years
d. 8 years
____________________________________________________________________________________________
145. B 146. B 147. D
148. B 149. D 150. A
Question Bank : PSLP

151. As per extant guidelines, Who will approve the housing projects
a. ZM
b. ZLCC
c. CO
d. COLCC
____________________________________________________________________________________________

152. Projects involving construction of more than _____ Apartment Towers / more than ________ dwelling units as
well as projects involving development of Gated Communities, Townships etc may be treated as “Very Large
Projects”.
a. 1 , 50
b. 1 , 48
c. 2 , 50
d. 2, 48
____________________________________________________________________________________________

153. Loans for repairs to damaged dwelling units of families up to ₹_____ lakh in metropolitan centres and up to
₹____ lakh in other centres are eligible for classification under Priority Sector.
a. 5 , 2
b. 10, 2
c. 5, 3
d. 10, 3
____________________________________________________________________________________________

154. Cost of 'Rooftop Solar PV Home Lighting System‟ is one of the permissible items eligible for finance under
a. Home Loan scheme
b. Home Improve Scheme
c. A & B
d. Not permissible to finance under the Scheme
____________________________________________________________________________________________

155. In case of EM creation by Power of Attorney, the Power of Attorney is to be ____________ & ___________
including the power to create Mortgage.
a. Specific & Irrevocable
b. Specific & Revocable
c. General & Irrevocable
d. General & Revocable
____________________________________________________________________________________________

156. In case of loan for purchase of House Site / Plot by Residents and NRIs, who can permit relaxation in the
amount of ceiling ?
a. ZLCC(GM)
b. COLCC(GM)
c. COLCC(ED)
d. none of these
____________________________________________________________________________________________
151. B 152. D 153. A
154. C 155. C 156. B
Question Bank : PSLP

157. In case of Special Buildings and Buildings with more than ____ dwelling units, completion certificate from
competent civic authority is mandatory.
a. 4
b. 6
c. 8
d. 10
____________________________________________________________________________________________

158. Pre closure charges were abolished for


a. Home Loans
b. Plot loans
c. Home
Improve loans
d. All the above
____________________________________________________________________________________________

159. Who is the authority to consider loans on Partnership Firms, Limited companies etc. (for use by the
Organization / Firm)
a. BM Scale IV & Above
b. ZLCC
c. ZM
d. none of these
____________________________________________________________________________________________

160. For all Personal segment loan products i.e. Home Loan, Plot Loan, Ind Mortgage and Rent Encash second
legal opinion to be obtained for securities/ properties to be charged to advances of Rs………..lakhs and above
a. 75 lakhs and above
b. 100 lakhs and above
c. 50 lakhs and above
d. 500 lakhs and above
____________________________________________________________________________________________

161. For Structured Loan Products, like IBHL, plot loan, two independent valuations are required for advances
exceeding Rs..
a. 1.00 crore
b. 5.00 crore
c. 0.50 crore
d. 75 lakh
____________________________________________________________________________________________

162. Maximum amount of Loan that can be sanctioned for repair / renovation of an existing house / flat is
a. Rs. 10 lacs
b. Rs. 25 lacs
c. Rs. 15 lacs
d. Rs. 5 lacs
____________________________________________________________________________________________
157. B 158. D 159. B
160. B 161. A 162. A
Question Bank : PSLP

163. LTV may be calculated taking into consideration the ______ of the property
a. Realisable value
b. Market value
c. Distress value
d. Loan amount
____________________________________________________________________________________________

164. Maximum number of flats a person can own to avoid proposal under Commercial Real Estate?
a. 5 per family
b. 2 per family
c. 3 per family
d. 4 per family
____________________________________________________________________________________________

165. In general, what is the maximum EMI a borrower will be able to pay?
a. 30% of his net THP
b. Net pay – 40% of Gross pay
c. 40% of his net THP
d. 60% of net take home pay
____________________________________________________________________________________________

166. In cases where amount for repairs / renovation is incurred & availed at the time of availing Home Loan for
acquiring house / flat being resold, the amount towards such repairs / renovation can be
a. Sanctioned as separate loan
b. Loan should not be sanctioned for repairs / renovation.
c. Included in the project cost
d. none of these
____________________________________________________________________________________________

167. In case of Construction of Flat, if the registration of flat is to be done at a later stage, while considering such
proposals, prior administrative clearance is to be obtained from ____
a. ZM
b. DZM
c. ZLCC
d. Corporate Office
____________________________________________________________________________________________

168. Wherever construction is involved, a holiday period upto the period of completion of construction from the date
of first disbursement subject to maximum of ____ months is permitted under MDL powers
a. 12 months
b. 15 months
c. 18 months
d. 24 months
____________________________________________________________________________________________
163. A 164. B 165. B
166. C 167. C 168. C
Question Bank : PSLP

169. For purchase of ready built house / flat ready for occupation, maximum holiday period that can be allowed by
sanctioning authority is ____
a. 1 month
b. 6 months
c. 2 months
d. 3 months
____________________________________________________________________________________________

170. Housing for all has been envisioned by which year by Govt. of India
a. 2022
b. 2023
c. 2024
d. 2025
____________________________________________________________________________________________

171. Which of the following the borrower is expected to pay while switching over of home loan interest from base
rate to MCLR
a. 0.5% of balance outstanding with cap of Rs. 10000+appliacble service tax
b. Rs. 5000
c. Rs 7500
d. No charge
____________________________________________________________________________________________

172. IB Home Advantage is sanctioned as ________ facility


a. Cash Credit
b. Term Loan
c. Overdraft
d. either2 or 3
____________________________________________________________________________________________

173. Under IB Home Advantage, maximum of ______ % of the sanctioned Home Loan limit can be sanctioned as
overdraft.
a. 10%
b. 15%
c. 20%
d. 25%
____________________________________________________________________________________________

174. While sanctioning IB Home Advantage for Home loan borrowers, compliance of LTV is
a. 20% of IBHL can be sanctioned irrespective of LTV
b. Optional
c. LTV need not be taken into account
d. Must
____________________________________________________________________________________________
169. B 170. A 171. A
172. D 173. C 174. D
Question Bank : PSLP

175. Who are the main Target Group for marketing of IB Home Advantage ?
a. Any borrower of PSLP of our Bank
b. Existing Home Loan Plus Borrowers
c. Existing Home Improve Borrowers
d. Existing Home Loan Borrowers
____________________________________________________________________________________________

176. IB Home Advantage facility can be sanctioned to following type of home loan borrowers
a. Residents
b. NRIs
c. Staff Members of our Bank
d. All the above
____________________________________________________________________________________________

177. What should be the minimum required age for availing IB Home Advantage facility for Resident Indians
a. 18 Years
b. 19 Years
c. 22 years
d. 23 years
____________________________________________________________________________________________

178. What should be the minimum required age for availing IB Home Advantage facility for Non-Residents
a. 18 Years
b. 21 Years
c. 22 years
d. 23 years
____________________________________________________________________________________________

179. What is the exit age for Residents under IB Home Advantage ( without relaxation )
a. 60 years
b. 65 years
c. 70 years
d. 75 years
____________________________________________________________________________________________

180. What is the exit age for Non-Residents under IB Home Advantage ( without relaxation )
a. 60 years
b. 65 years
c. 70 years
d. 75 years
____________________________________________________________________________________________
175. D 176. D 177. A
178. B 179. C 180. A
Question Bank : PSLP

181. What is the exit age for Residents under IB Home Advantage where income is taken for eligibility & with
relaxation powers of ZLCC
a. 60 years
b. 65 years
c. 70 years
d. 75 years
____________________________________________________________________________________________

182. What is the exit age for Non-Residents under IB Home Advantage with relaxation powers of ZLCC
a. 60 years
b. 65 years
c. 70 years
d. 75 years
____________________________________________________________________________________________

183. What is the exit age for Residents under IB Home Advantage where income is not taken for eligibility ( whose
names are added for sentimental reasons only ) & with relaxation powers of ZLCC
a. 65 years
b. 70 years
c. 75 years
d. Beyond 75 years
____________________________________________________________________________________________

184. The borrowers who availed the following Home loan products can be considered to extend IB Home advantage
facility
a. Purchase of Plot
b. Purchase of Land & Construction of House thereon
c. Additional construction of existing house
d. B & C
____________________________________________________________________________________________

185. The borrowers who availed the following Home loan products can not be considered to extend IB Home
advantage facility
a. For reimbursement of cost incurred for purchase of house / flat
b. Purchase of Land
c. Additional construction of existing house
d. Takeover of Home loans from other Banks
____________________________________________________________________________________________

186. In case of IB Home Advantage(Over Draft), the following is correct


a. The limit of 20% of IBHL subject to LTV
b. maximum Drawing Power under Overdraft limit, should not exceed 20% of the total Home Loan limit
sanctioned
c. Both A & B
d. none of these
____________________________________________________________________________________________
181. D 182. C 183. D
184. D 185. B 186. C
Question Bank : PSLP

187. The purpose of loan under IB Home Advantage is to be


a. For any purpose
b. For any bonafide purpose
c. For improvement of House only
d. For any bonafide purpose other than speculation
____________________________________________________________________________________________

188. What is the maximum amount that can be sanctioned under IB Home Advantage in relation to Gross Monthly
Income
a. 12 times of Gross Monthly Income
b. 20 times of Gross Monthly Income
c. 36 times of Gross Monthly Income
d. 60 times of Gross Monthly Income
____________________________________________________________________________________________

189. Whether IB Home Advantage can be sanctioned at the time of initial sanction of Home Loan (Term Loan) itself
?
a. Yes
b. No
c. No, till disbursement of Home Loan
d. No, till start of repayment of Home Loan
____________________________________________________________________________________________

190. In case of IB Home Advantage sanctioned at the time of sanction of IBHL itself, when should the loan (IB
Home Advantage) be activated for disbursement upto 10% of Home Loan limit ?
a. Along with release of Home Loan
b. Only after one year of release of Home Loan
c. Only after one year of satisfactory repayment of loan instalments
d. Only after two years of release of Home Loan
____________________________________________________________________________________________

191. In case of IB Home Advantage sanctioned at the time of sanction of IBHL itself, when should the loan (IB
Home Advantage) be activated for disbursement of the entire limit ?
a. Along with release of Home Loan
b. Only after one year of release of Home Loan
c. Only after two years of satisfactory repayment of loan instalments
d. Only after two years of release of Home Loan
____________________________________________________________________________________________

192. At time of disbursement of IB Home Advantage, which of the following norms are to be ensured ?
a. Capacity to service the interest
b. Take Home Pay
c. LTV for Home Loan + OD limit
d. All the above
____________________________________________________________________________________________
187. D 188. D 189. A
190. C 191. C 192. D
Question Bank : PSLP

193. For sanction of facility under IB Home Advantage, 40% of Take Home Pay norm may be waived (for Non-
NRIs) if the take home pay after considering the EMI is more than Rs.
a. 20,000
b. 25,000
c. 30,000
d. 15,000
____________________________________________________________________________________________

194. While considering IB Home Advantage, along with Home Loan, future rental income from the property to be
purchased/constructed by applicant can also be included to the extent of ____
a. 40%
b. 50%
c. 60%
d. 75%
____________________________________________________________________________________________

195. In case spouse income is included for calculation of eligibility under IB Home Advantage, the spouse should be
added as _____
a. Co-applicant
b. Guarantor
c. A or B
d. Spouse need not be added as party to loan
____________________________________________________________________________________________

196. What are the nature of facilities that can be sanctioned when IB Home Loan and IB Home Advantage are
sanctioned together ?
a. 100% of Home Loan as TL and within that 20% marked for OD
b. 80% of Home Loan as TL, 20% as OD
c. 100% of Home Loan as TL and additional OD of 20% of Home Loan Limit
d. none of these
____________________________________________________________________________________________

197. What is the minimum required margin that is to be ensured while considering IBHL & OD under IB Home
Advantage ?
a. 10% on each facility if the combined limit is upto Rs.20 lacs
b. 10% on IBHL facility for the limit upto Rs.20 lacs
c. 15% on each facility if the combined limit is upto Rs.20 lacs
d. 20% on each facility if the combined limit is upto Rs.20 lacs
____________________________________________________________________________________________

198. In case of Takeover of Home Loan, the required margin for IB Home Advantage is
a. 10% if HL + IB Home Advantage <= Rs.20 lacs
b. 10% if HL + IB Home Advantage is more than Rs.20 lacs and upto Rs.75 lacs.
c. 25% if HL + IB Home Advantage is above Rs.75 lacs
d. Nil, subject to ensurance of LTV
____________________________________________________________________________________________
193. A 194. C 195. A
196. C 197. B 198. D
Question Bank : PSLP

199. What should be minimum required residual period of the building/flat for IB Home Advantage
a. 10 years
b. 5 years
c. 10 years more than the repayment period of the loan
d. 5 years more than the repayment period of the loan
____________________________________________________________________________________________

200. For IB Home Advantage, ZLCC/CC-IRB may permit minimum required residual period of the building/flat upto
a. 10 years
b. 5 years
c. 10 years more than the repayment period of the loan
d. 5 years more than the repayment period of the loan
____________________________________________________________________________________________

201. What is the applicable Rate of Interest for OD under IB Home Advantage
a. Same as Home Loan Rate
b. 1% above Home Loan Rate
c. 1.5% above Home Loan Rate
d. 2% above Home Loan Rate
____________________________________________________________________________________________

202. What is the applicable Rate of Interest for OD under "IB Home Advantage" in respect of borrowers availed
"Home Loan - CRE"
a. Same as Home Loan Rate
b. 1% above Home Loan Rate
c. 1.5% above Home Loan Rate
d. 2% above Home Loan Rate
____________________________________________________________________________________________

203. What is the processing fee in respect of existing HL Borrowers who seek OD limits under IB Home Advantage,
against the same HL property
a. As applicable to Home Loan
b. 50% of the rate applicable to Home Loan
c. Flat Rs.1000/-
d. Nil
____________________________________________________________________________________________

204. Maximum repayment period under IB Home Advantage is restricted to _______ years (inclusive of holiday
period) or upto the age of _____ years of borrower whichever is less.
a. 30, 60
b. 30, 70
c. 35, 75
d. 25, 65
____________________________________________________________________________________________
199. C 200. D 201. B
202. D 203. C 204. B
Question Bank : PSLP

205. If the repayment period is 30 years under IB Home Advantage, Home Loan is to be recovered in _____ years
a. 20
b. 22
c. 25
d. 30
____________________________________________________________________________________________

206. If the total repayment period is 30 years, IB Home Advantage is to be recovered in the last _____ years
a. 5
b. 6
c. 7
d. 10
____________________________________________________________________________________________

207. During the last five years of the repayment period under IB Home Advantage, the OD facility is permitted
a. with reducing Drawing Power as per Principle Equi distribution repayment
b. with reducing Drawing Power as per EMI basis
c. Bullet repayment at the end of the term
d. Only interest is to be serviced during last 5 years
____________________________________________________________________________________________

208. What is the maximum repayment period under IB Home Advantage for takeover accounts
a. As per the period sanctioned by the original lender
b. 30 years
c. 30 years including period already run in the existing institution
d. 25 years
____________________________________________________________________________________________

209. In case of OD limit under IB Home Advantage for existing Home Loan accounts, the Balance outstanding in
Home Loan + proposed OD limit should
a. not exceed 120% of the original Home Loan limit
b. not exceed the original Home Loan Limit
c. 20% of Home loan limit + balance in existing Home loan irrespective of the amount
d. none of these
____________________________________________________________________________________________

210. In case of OD under IB Home Advantage, Fresh EVR to be obtained / verified for compliance of LTV norms if
the outstanding balance in Home Loan is more than _______
a. 50 lacs
b. 100 lacs
c. 75 lacs
d. Fresh EVR is to be obtained irrespective of the amount of Balance outstanding
____________________________________________________________________________________________
205. C 206. A 207. B
208. C 209. A 210. B
Question Bank : PSLP

211. In case of OD facility under IB Home Advantage which of the following are mandatory
a. Extension of EM to OD facility
b. CERSAI registration for OD facility
c. A or B
d. A & B
____________________________________________________________________________________________

212. What are prepayment charges for IB Home Advantage


a. 2% of the limit sanctioned
b. 2% of Balance outstanding
c. No prepayment charges
d. 1% of Balance outstanding
____________________________________________________________________________________________

213. Which document is to be obtained for IB Home Advantage


a. D-132
b. D-124
c. D-94
d. D-101
____________________________________________________________________________________________

214. Which is not one of the features of IB Home Enrich


a. No need of EM
b. Income tax benefit
c. Other securities like NSC, FD, LIC etc can be given
d. Capital gain tax exemption
____________________________________________________________________________________________

215. Purpose of IB Home Enrich is


a. Repair/renovation of residential unit
b. Repair/renovation of commercial unit
c. Any bankable purpose
d. Both A & B
____________________________________________________________________________________________

216. Maximum entry age for IB Home enrich is


a. 55
b. 58 years
c. 60 years
d. 65 years
____________________________________________________________________________________________
211. D 212. C 213. A
214. D 215. A 216. D
Question Bank : PSLP

217. Minimum/Maximum loan amount under scheme is (Rs. in lacs)


a. 1 lac & 5 lacs
b. 1 lac & 10 lacs
c. 2lacs & 5 lacs
d. 2 lacs 10 lacs
____________________________________________________________________________________________

218. Margin requirement under IB Home Enrich is


a. 20
b. 25
c. 30
d. 35
____________________________________________________________________________________________

219. Maximum repayment subject to exit age for Home Enrich scheme is
a. 65 years
b. 70 years
c. 75 years
d. 80 years
____________________________________________________________________________________________

220. Maximum holiday period in IB Home Enrich is


a. 3 months
b. 6months
c. 9months
d. No holiday period
____________________________________________________________________________________________

221. Which of the following cannot be accepted as security in IB Hime Enrich


a. RIP
b. VRD
c. LIP
d. IB Tax Saver
____________________________________________________________________________________________

222. Which of the following should be obtained for end use of fund in IB Home Enrich
a. Valuation report of panel valuer
b. Certification from BM
c. Declaration from borrower
d. Bills/invoices
____________________________________________________________________________________________
217. B 218. C 219. B
220. A 221. D 222. C
Question Bank : PSLP

223. ZLCC can relax following relaxations in IB Home Enrich


a. Margin Relaxation upto 5%
b. Exit age upto 75 years
c. Both A and B
d. No relaxation power
____________________________________________________________________________________________

224. Upto what amount a Scale III BM can sanction under Home Improve
a. 10 lacs
b. 15 lacs
c. 20 lacs
d. none of these
____________________________________________________________________________________________

225. Upto what amount ZLCC can sanction under Home Improve
a. 10 lacs
b. 20 lacs
c. 40 lacs
d. 50 lacs
____________________________________________________________________________________________

226. A customer who wish to buy kitchen cabinet of worth Rs 2 lakh under the scheme IB Home Improve has to
bring margin money of Rs--
a. 30000/-
b. 20000/-
c. 50000/-
d. 15000/-
____________________________________________________________________________________________

227. Loan under "IB Home Improve" can be given for the purpose of
a. Repairs and renovation
b. Modification of existing house
c. Furnishing, Kitchen gadgets and interiors
d. Additional Construction
____________________________________________________________________________________________

228. Margin requirement under IB Home Improve Scheme is


a. 5%
b. 15%
c. 20%
d. 10%
____________________________________________________________________________________________
223. C 224. A 225. A
226. A 227. C 228. B
Question Bank : PSLP

229. Maximum amount of Loan that can be sanctioned under IB Home Improve is _____
a. Rs. 2 lacs
b. Rs. 1 lac
c. Rs. 5 lacs
d. Rs.10 lacs
____________________________________________________________________________________________

230. How many times of Gross / Net monthly income can be sanctioned under IB Home Improve Scheme subject to
maximum of Rs.10.00 lacs ?
a. 36 times of gross income
b. 36 times of net income
c. 30 times of gross income
d. 30 times of net income
____________________________________________________________________________________________

231. Which of the following items can be financed under IB Home Improve loan ?
a. House hold furniture
b. TV/FRIDGE
c. AC/Computers
d. All of the above
____________________________________________________________________________________________

232. Income of spouse can be added for calculation of eligible amount under IB home improve, if the spouse is
working in
a. Government
b. Public Sector Organization
c. reputed private sector.
d. All of these
____________________________________________________________________________________________

233. What is the maximum repayment period in months under IB Home Improve, if the loan is availed for
purchasing electronic items ?
a. 36
b. 48
c. 60
d. 72
____________________________________________________________________________________________

234. What is the maximum repayment period under IB Home Improve, if the loan is availed for purchasing items
other than electronic items ?
a. 60
b. 36
c. 72
d. 24
____________________________________________________________________________________________
229. D 230. A 231. D
232. D 233. B 234. A
Question Bank : PSLP

235. At the time of sanction of Home Improve


a. Fresh valuation of the property is to be obtained irrespective of the loan amount
b. Fresh valuation need not be obtained
c. Fresh valuation to be obtained if the loan is more than 5 lacs
d. Fresh valuation to be obtained if the loan is more than 7.5 lacs
____________________________________________________________________________________________

236. Upto what amount a Scale III BM can sanction under Home Loan Plus
a. 10 lacs
b. 15 lacs
c. 20 lacs
d. none of these
____________________________________________________________________________________________

237. Upto what amount ZLCC can sanction under Home Loan Plus
a. 20 lacs
b. 30 lacs
c. 40 lacs
d. 50 lacs
____________________________________________________________________________________________

238. What is the Maximum Loan amount that can be sanctioned under IB Home Loan Plus
a. Rs. 10 lacs
b. Rs. 1 lac
c. Rs.20 lacs
d. Rs.25 lacs
____________________________________________________________________________________________

239. What is the Minimum Loan amount that can be sanctioned under IB Home Loan Plus
a. Rs. 10 lacs
b. Rs. 1 lac
c. Rs. 5 lacs
d. Rs 2 lacs
____________________________________________________________________________________________

240. Processing charges under IB Home Loan Plus is…….of sanction amount
a. NIL
b. 0.56%
c. 1.178%
d. 1.137%
____________________________________________________________________________________________
235. B 236. C 237. A
238. C 239. B 240. C
Question Bank : PSLP

241. Processing charges under IB Home Loan; Repairs &


Renovation is
a. 0.230% of loan amt. subject to maximum of Rs.20470/-
b. 0.225% of loan amt. subject to maximum of Rs.20000/-
c. 0.230% of loan amt. subject to maximum of Rs.20000/-
d. 0.225% of loan amt. subject to maximum of Rs.20470/-
____________________________________________________________________________________________

242. Maximum repayment period under Home Loan Plus is


a. 60 months
b. 120 months
c. 36 months
d. 48 months
____________________________________________________________________________________________

243. All existing Home Loan customers who have repaid a minimum of ________ EMI‟s regularly are eligible for
home loan plus
a. 24
b. 12
c. 36
d. 60
____________________________________________________________________________________________

244. All staff s who have availed Staff Housing Loan and who have repaid a minimum of -- instalments regularly
are eligible to avail home loan plus
a. 6
b. 12
c. 24
d. 36
____________________________________________________________________________________________

245. Number of top-up loans ( i.e. Home Loan Plus) against the Home loan property at any point of time is restricted
to
a. 1
b. 2
c. 3
d. 4
____________________________________________________________________________________________

246. Minimum gap between first and second top-up Loan ( Home Loan Plus) is to be
a. 6 months
b. 1 year
c. 18 months
d. 2 years
____________________________________________________________________________________________
241. A 242. B 243. B
244. B 245. B 246. B
Question Bank : PSLP

247. What is the LTV ratio that is to be maintained under Home Loan Plus, if the amount of Home Loan availed is
upto Rs.20.00 lacs ?
a. 75% + 25% on Residual Value of Property
b. 80% + 20% on Residual Value of Property
c. 90% + 30% on Residual Value of Property
d. 90% + 15% on Residual Value of Property
____________________________________________________________________________________________

248. What is the LTV ratio that is to be maintained under Home Loan Plus, if the amount of Home Loan availed is
above Rs.20.00 lacs and upto Rs.75.00 lacs ?
a. 75% + 25% on Residual Value of Property
b. 80% + 30% on Residual Value of Property
c. 80% + 30% on Residual Value of Property
d. 80% + 15% on Residual Value of Property
____________________________________________________________________________________________

249. What is the LTV ratio that is to be maintained under Home Loan Plus, if the amount of Home Loan availed is
above Rs.75.00 lacs ?
a. 75% + 25% on Residual Value of Property
b. 75% + 20% on Residual Value of Property
c. 75% + 30% on Residual Value of Property
d. 75% + 15% on Residual Value of Property
____________________________________________________________________________________________

250. One of these is false with respect to IB Home Loan Plus


a. Can be given only for further addition to the existing house constructed with IB home loan
b. Those home loan customers who have regularly repaid a minimum of 12 EMI are eligible
c. Repayment is 120 months
d. Maximum quantum of loan is Rs 20 lakhs
____________________________________________________________________________________________

251. The lender pays the amount to the borrower by way of


a. Disbursement
b. Instalment
c. Annuity
d. None of these
____________________________________________________________________________________________

252. Which one of these is not a function of Ind Retail Branch


a. Due diligence and collection of document
b. Charge creation
c. Account opening
d. Documentation
____________________________________________________________________________________________
247. C 248. C 249. C
250. A 251. C 252. C
Question Bank : PSLP

253. Free Insurance coverage under PMSBY is available to borrowers who avail
a. IB Home Enrich
b. IB-Home Advantage
c. Home Loan
d. Any type of Home Loan product
____________________________________________________________________________________________

254. What is correct about Jewel Loan Non Priority ?


a. Revised loan Application form F-120B to be obtained
b. Loan to Value (LTV) of 75% should be maintained throughout the tenor of the loan
c. Purpose of loan may be any activity including medical, consumption, domestic needs, family functions etc
d. All of these
____________________________________________________________________________________________

255. As per December 2016 financial result of our bank, YoY growth rate in Mortgage loans is about…..%
a. 8
b. 10
c. 12
d. 15
____________________________________________________________________________________________

256. What of the following is incorrect about NRI Home Loan?


a. Quantum of loan is 60 times of Gross Monthly Income subject to availability of 40% Take Home Pay after the
proposed EMI and ensuring the requisite margin
b. NRIs gainfully employed abroad (who have put in a minimum period of confirmed service / experience of 3
years - including previous employment / experience and confirmed in the present employment) with a residual
contract period of service for at least thr
c. EM can be created by a close relative with General Irrevocable Power of Attorney including the power to
create Mortgage.
d. Variable ROI only to be offered and fixed ROI not available to NRI applicants
____________________________________________________________________________________________

257. Minimum entry age limit for NRI home loan is--- years
a. 21
b. 25
c. 18
d. 30
____________________________________________________________________________________________

258. Maximum exit age limit for NRI home loan is --years
a. 60
b. 50
c. 55
d. 70
____________________________________________________________________________________________
253. B 254. D 255. D
256. B 257. A 258. A
Question Bank : PSLP

259. Maximum entry age limit for NRI home loan is --years
a. 60
b. 40
c. 50
d. 30
____________________________________________________________________________________________

260. Margin amount in case of NRI home loan up to Rs 20 lacs is----%


a. 20
b. 10
c. 15
d. 25
____________________________________________________________________________________________

261. Margin amount in case of NRI home loan Rs 20 to 75 lacs is----%


a. 10
b. 25
c. 20
d. 15
____________________________________________________________________________________________

262. Margin amount in case of NRI home loan above Rs 75 lacs is----%
a. 25
b. 30
c. 40
d. 20
____________________________________________________________________________________________

263. Maximum repayment period in case of NRI home loans is --months including holiday period
a. 240
b. 300
c. 250
d. 180
____________________________________________________________________________________________

264. NRIs gainfully employed abroad with a minimum experience of ____ years
a. 3
b. 5
c. 2
d. 1
____________________________________________________________________________________________
259. C 260. B 261. C
262. A 263. D 264. C
Question Bank : PSLP

265. Margin for repairs and renovation under Home Loan to NRI
a. 5%
b. 10%
c. 30%
d. 15%
____________________________________________________________________________________________

266. Rate of Interest Applicable to Home Loan to NRI is


a. As applicable to Residents
b. Only Variable ROI
c. A & B
d. Fixed ROI applicable to Residents
____________________________________________________________________________________________

267. If Construction is not commenced within 2 years from the date of availing Plot loan / from the date of handing
over possession by the Government Housing Development Agency, as the case may be, higher interest rate @
Interest Rate applicable for...........
a. Reverse Mortgage
b. IB Rentencash
c. Ind Mortgage
d. Commercial
____________________________________________________________________________________________

268. In case of Plot Loans, EC to be obtained for a minimum period of


a. 10 years
b. 12 years
c. 13 years
d. 30 years
____________________________________________________________________________________________

269. In case of Plot Loan, Maximum LTV is _____ %


a. 60
b. 70
c. 75
d. 80
____________________________________________________________________________________________

270. Eligible loan amount to purchase plot is --- times of the gross monthly income subject to a maximum of Rs.300
lakhs.
a. 30
b. 36
c. 48
d. 60
____________________________________________________________________________________________
265. C 266. C 267. C
268. C 269. C 270. B
Question Bank : PSLP

271. What is the minimum required margin for Plot Loan ?


a. 25
b. 15
c. 10
d. 20
____________________________________________________________________________________________

272. Interest and instalment repaid under plot loan is eligible for Tax benefits under ____
a. 80C
b. 80D
c. 80E
d. not eligible
____________________________________________________________________________________________

273. In case of Plot Loan, Construction of house should commence within ----years from the date of availing Loan.
a. 3
b. 5
c. 2
d. 6
____________________________________________________________________________________________

274. Eligible amount of loan under Plot Loan for Business category, Professionals is_______ times of annual net
income subject to a maximum of Rs.300 lacs
a. 2
b. 3
c. 4
d. 5
____________________________________________________________________________________________

275. For Plot Loans, in case of Professional & Self employed, Business category, Annual net income is to be
arrived based on
a. Average of last three years
b. Average of last two years
c. Lower of the last three years
d. Higher of the last three years
____________________________________________________________________________________________

276. In case of Plot loans, waiver of the additional interest can be permitted by
a. ZLCC
b. IRB
c. ZLCC / IRB
d. none of these
____________________________________________________________________________________________
271. A 272. D 273. C
274. B 275. B 276. C
Question Bank : PSLP

277. In case of Plot Loans, waiver of the additional interest is effective from
a. Date of availing Plot Loan
b. Date of sanction of Home Loan
c. Date of completion of construction
d. No waiver is permitted
____________________________________________________________________________________________

278. Valuations from two independent panel valuers are to be obtained for Plot Loans, if Plot value is more than
a. Rs. 1 crore
b. Rs. 50 lacs
c. Rs. 75 lacs
d. Rs. 2 crores
____________________________________________________________________________________________

279. Income of spouse can be added for calculation of eligible amount under Plot Loan, if the spouse is working in
a. Government
b. Public Sector Organization
c. reputed private sector.
d. All of these
____________________________________________________________________________________________

280. Loan amount for purchase of Plot / Site in Rural area is restricted to
a. Rs. 50.00 lakhs
b. Rs.100 lacs
c. Rs. 200 lacs
d. Rs. 300 lacs
____________________________________________________________________________________________

281. Loan amount for purchase of Plot / Site in Semi-Urban area is restricted to
a. Rs. 50. lacs
b. Rs. 100 lacs
c. Rs. 200 lacs
d. Rs. 300 lacs
____________________________________________________________________________________________

282. Loan amount for purchase of Plot / Site in Urban area is restricted to
a. Rs. 50 lacs
b. Rs. 100 lacs
c. Rs. 200 lacs
d. Rs. 300 lacs
____________________________________________________________________________________________
277. B 278. A 279. D
280. A 281. B 282. C
Question Bank :

283. Loan amount for purchase of Plot / Site in Metropolitan area is restricted to
a. Rs. 50 lacs
b. Rs. 100 lacs
c. Rs. 200 lacs
d. Rs.300 lacs
____________________________________________________________________________________________

284. In case of plot loan to arrive the quantum of loan the income of spouse can be taken into account if he/she is
employed in ----
a. Govt sector
b. PSU Organizations
c. reputed private sector organization.
d. Any of these
____________________________________________________________________________________________

285. If land is already owned by borrower and wants to construct house in the plot, then
a. Cost of Construction is Project Cost
b. Project cost = Cost of Land + cost of construction
c. Land cost should not be considered/ included as Margin
d. none of these
____________________________________________________________________________________________

a.
b.
c.
d.
____________________________________________________________________________________________

a.
b.
c.
d.
____________________________________________________________________________________________

a.
b.
c.
d.
____________________________________________________________________________________________
283. D 284. D 285. B