practice paper 1 0.0 / 5 ? Business StudiesCBOOtherNone Created by: alsaffarCreated on: 20-12-20 10:38 Offering of financial services to business and big companies Corporate banking 1 of 30 Account which give the least interest Current Account 2 of 30 Account where a cheque book is issued Current account 3 of 30 Account which give the least interest Savings Bank account 4 of 30 Unlimited deposits and unlimited withdraws are allowed Current Account 5 of 30 Limited deposits and unlimited withdrawals are allowed Savings Account 6 of 30 Overdrafts not allowed in which account Savings Account 7 of 30 Type of Account recommend when you want to save regularly and build up a fixed sum over time Target Deposit 8 of 30 Maximum loan period for personal loan 48 M 9 of 30 PL amount will be ( ____ ) of monthly salary 20 times 10 of 30 maximum loan period for auto loan 60 M 11 of 30 maximum loan period for mortgage loan 25 Y 12 of 30 which is unsecured loan Personal Loan 13 of 30 Life insurance policy that can be insured to the age of 100 Whole Life 14 of 30 A life insurance policy that does not have a cash value Term Life 15 of 30 Insurance that can be used for retired planning Life insurance 16 of 30 Pools of investment combining money from many investors into a large fund Mutual Fund 17 of 30 riskiest investment fund Balanced Fund 18 of 30 investments where funds are equally distributed between bonds and equity Balanced funds 19 of 30 riskiest investment fund Sectoral funds 20 of 30 banking service used for periodic payments towards utility bills and insurance services Standing Order 21 of 30 difference between standing order and direct debit facility standing order is outside the bank / Direct is within the bank 22 of 30 secure messaging system used by banks worldwide transfer funds SWIFT 23 of 30 transfer system between Dubai and Abu Dhabi EFT 24 of 30 consumers will be able to make a regular, automatic payments from their bank account towards fixed mortgages, credit card payment and personal loans Direct Debit Facility 25 of 30 the stage where the loan is actually disbursed to the customer credit administration 26 of 30 the stage where business and financial analysis are done on a customer credit approval 27 of 30 the stage where the loan is monitored regularly credit monitoring 28 of 30 when customers can’t pay back the loan make sure the loan does not cross thrush hold level NPA non-performing asset problem loans 29 of 30 get funds back from the customer that they have given the loan at the right time managed by collection department collections 30 of 30
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