GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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FII
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BIS
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CPI
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PITI
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Detailed explanation-1: -5. Which one of the following is used when describing the monthly charges on a mortgage? PITI is the common acronym for principal, interest, taxes, and insurance.
Detailed explanation-2: -IFCI Ltd., established as the Industrial Finance Corporation of India (IFCI) on July 1, 1948, was the first Development Financial Institution in the country, setup to cater to the long-term finance needs of the industrial sector.
Detailed explanation-3: -Loan-to-Value (LTV) Ratio: The ratio of the principal balance of a mortgage loan to the value of the securing property, as determined by the purchase price or Appraised Value, whichever is less.
Detailed explanation-4: -Standards may differ from lender to lender, but there are four core components-the four C’s-that lender will evaluate in determining whether they will make a loan: capacity, capital, collateral and credit.