- Effective rate of interest
- Nominal rate of interest
- Compound interest
- Simple interest
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If x, y, z are three sum of money such that y is the simple interest on x and z is the simple interest on y for the same time and at the same rate of interest, then what is the relation between x, y, z we have = ?
Answer: Option 4 Let the time is 't' years and the rate of interest is R% According to the question, $$\eqalign{ & {\bf{Case(I):}} \cr & y = \frac{{x \times {\text{R}} \times {\text{t}}}}{{100}}.....(i) \cr & {\bf{Case(II):}}...
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What is defined as the investment of loan or principal which is based not only on the original amount of the loan or principal but the amount of loaned or principal plus the previous accumulated interest?
Answer: Option 3 Let'
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“Maximum power output is obtained from a network when the load resistance is equal to the output resistance of the network as seen terminals of the load”. The above statement is associated with?
Answer: Option 4 Let'
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In a lamp load when more than one lamp are switched on the total resistance of the load?
Answer: Option 2 Let'
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When the axis of load lies in the plane of rivet group, then the most heavily loaded rivet will be the one which (where, Fa is the load shared by each rivet due to axial load and Fm is the shearing load due to moment in any rivet.)?
Answer: Option 4 Let'
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How is a policy loan different from a commercial loan?
Answer: Option 3 The main advantage of a policy loan over other loans is that there is no credit check; the interest rate is usually much lower; the policyholder can...
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What refers to the ratio of the interest payment to the principal for a given unit of time and usually expressed as a percentage of the principal?
Answer: Option 2 Let'
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If both policy loan and premiums are not paid, the outstanding loan/interest may exceed the policy’s cash value. What would the insurer do in such an eventuality?
Answer: Option 4 Foreclosure is the legal process by which a lender takes control of a property, evicts the homeowner and sells the home after a homeowner is unable to...
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The amount of simple interest during 'n' interest period is (where, i = interest rate based on the length of one interest period, p = principal)?
Answer: Option 1 Let'
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Statement : It is necessary to adopt suitable measures to prevent repetition of bad debts by learning from the past experiences of mounting non-performing assets of banks. Courses of Action : I. Before granting loan to customers their eligibility for loan should be evaluated strictly. II. To ensure the payment of instalments of loan, the work, for which loan was granted, should be supervised minutely on regular basis.?
Answer: Option 5 To ensure that debts taken are repaid promptly, the customer's requirements and future prospects ought to be studied and their work constantly checked. Thus, both the courses...
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