Question : Which of the following is not a feature of a term loan?
Option 1: Fixed interest rate
Option 2: Fixed repayment schedule
Option 3: Collateral security
Option 4: No maturity period
Correct Answer: No maturity period
Solution : The correct answer is (d). No maturity period
Term loans have a specified maturity period, which is the length of time within which the loan is expected to be repaid in full. The maturity period can range from a few months to several years, depending on the terms of the loan agreement.
In summary, a term loan typically has a fixed interest rate, fixed repayment schedule, and may require collateral security. The incorrect option is d) No maturity period because term loans do have a specific maturity period associated with them.
Question : Which of the following is a feature of a term loan?
Option 1: Flexible repayment period
Option 2: Interest rate is fixed for the entire tenure
Option 3: High interest rate
Option 4: No collateral required
Question : Which of the following is a feature of a fixed deposit account?
Option 1: Low interest rate
Option 2: Flexible withdrawal option
Option 3: Fixed maturity period
Option 4: No penalty for premature withdrawal
Question : Which of the following is not a feature of a fixed deposit account?
Option 1: High interest rate
Option 2: Fixed maturity period
Option 3: Flexible withdrawal option
Option 4: Penalty for premature withdrawal
Question : Which of the following is not a feature of a term deposit account?
Question : Which of the following is a feature of a debenture?
Option 1: Low-risk investment
Option 2: Fixed-rate of interest
Option 3: No maturity period
Option 4: High liquidity
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