Smart Top up Loan
Smart Top Up Loan Quiz
Test your knowledge about Smart Top Up Loans with this engaging quiz designed for financial professionals and business owners. Whether you’re familiar with the specifics of collateral covers, eligibility criteria, or loan amounts, this quiz challenges you to apply your knowledge to real-world scenarios.
- 12 detailed multiple-choice questions
- Assess your understanding of Smart Top Up Loans
- Learn about the key aspects of loan eligibility and funding amounts
1) M/s Gurunanak Textile is having OD facility of Rs. 20.00 Mn under GST Business loan with 100% Liquid Collateral Now, it wants Fresh Top Up of Rs. 5.00 Mn under Smart Top What is the maximum amount that can be given under Smart Top up?
(a) 5.00 Mn
(b) 4.00 Mn
(c) 1.50 Mn
(d) 0.00
2) M/s Mehak Fashion was enhanced OD facility to Rs. 20 Mn under Enterprise loan with 80% Collateral Cover Now Proprietorship firm wants TopUp of Rs. 2.00 Mn under Smart Top up What is the Amount he can be funded under Smart Topup?
(a) 2.00 Mn
(b) 1.50 Mn
(c) 1.00 Mn
(d) 0.00 Mn
3) M/s Shiv Shakti Sarees was sanctioned Rs. 10.00 Mn under enterprise loan with 100% Collateral cover but Firm is utilising 100 % of the Limit and Having ETR track.Is the firm eligible under Smart Top Up loan?
(a) Yes , Subject to collateral cover
(b) Yes, with NFA
(c) Yes, No NFA
(d) No
4) M/s Print and Pack is existing customer of I-bank from more than 5 Years and is enjoying OD facility of Rs. 20.00 Mn and is having Good Track record of 65 . Is the firm eligible under Smart Top up?
(a) yes
(b) No
5) M/s Ghoomar Textiles is only having I-bank Current account from more than 5 Years and is having Networth of more than 20.00 Mn.Firm has applied for Smart Top loan of Rs. 1.00 Mn only.Whether Smart top loan for Rs. 1.00 Mn can be funded to firm or not?
(a) Yes
(b) No
6) M/s Kuberji Tex is having OD facility of Rs. 50.00 Mn with Icici bank with more than 100% collateral security.Now, Firm has applied for OD Facility of Rs. 10.00 Mn under Smart Top up loan What is the maximum amount firm is eligible under Smart top loan?
(a) 10.00 Mn
(b) 7.5 Mn
(c) 1.50 Mn
(d) 0.00 Mn
7) M/s Balaji Prints is having existing OD facility of Rs. 10.00 Mn from I- Bank While checking the banking/ financials it was observed 60% of the sales are made to M/s Ruhi Tex.Whether Rs. 1.00 Mn under Smart Top loan can be funded to firm or not?
(a) Yes, with NFA approval from one level higher than sanctioning authority
(b) Yes, without any Approval
(c) No
(d) Maximum 0.5 MN
8) M/s Anisha Creation is enjoying OD facility of Rs. 10.00 Mn from Icici bank with more than 100% Collateral cover and Turnover in 2018-19 - 60 Mn.Now, firm want additional unsecured limit of Rs. 1.5 Mn under Smart top loan.Whether same can be processed?
(a) No
(b) Yes, with Approval from Authority one level higher than sanctioning authority as per CAAM subject to minimum authority of CPG Official (ZCM or above)
(c) Yes, without any Approval
9) M/s zarna creation having existing facility with I-bank of Rs.15.00 Mn. Further client have existing TOD with I-bank of Rs.1.5 Mn but there were overdrawn in account by 7 days in previous month. Now Client proposed for limit Rs. 1.3 Mn under smart top up loan. Should the proposal accepted in this program?
(a) Yes
(b) No
(c) Yes, with NFA
10) M/s Shreeji packaging having existing facility with Ibank of Rs. 5.00 Mn since two years having ETR track as per latest ATR sheet with 100% collateral cover. Due to expansion of business client required loan of Rs. 1.5 mn under smart top up loan . What is Maximum Amount loan can be processed under Smart Top up Loan ?
(a) 1.00 Mn
(b) 1.5 Mn
(c) 0.00 Mn
(c) 0.75 MN
11) M/s Avadhut Sarees having existing facility with I-bank of Rs. 15 Mn since year September 2018. Client proposed loan under smart top up loan of Rs. 1.00 Mn. However there were peak interest delay by 15 days in latest Month. Can same be processed under Smart top up Loan?
(a) Yes , Without NFA
(b) Yes, With NFA
(c) No
12) Maximum loan under Smart top up loan shall be
(a) 15% of existing fund working capital limit
(b) 20% of turnover
(c) 1.5 Mn
(d) Limit requested
(e) Lower of all of the Above
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