BANKING GENERAL KNOWLEDGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Specified Repayment Schedule
|
|
|
Fixed Interest Rate
|
|
|
Specific Time and Amount
|
|
|
All of the Above
|
Detailed explanation-1: -Q. A Corporate Loan has which of the following features? Notes: A corporate loan is a loan from a bank for a specific amount that has a specified repayment schedule and a fixed or floating interest rate.
Detailed explanation-2: -Corporate loans can be used for many different purposes and are often categorized based on the purpose for which they are designated. Categories of corporate loans include working capital loans, investment loans, research loans, growth loans, succession financing loans, takeover loans and refinancing loans.
Detailed explanation-3: -Meaning of corporate loan in English a loan that is given to a company, rather than to a government organization or an individual person: The bank said demand for large corporate loans was low but offset by growth in personal lending.