https://www.easynotecards.

com/notecard_set/68135

Started on Tuesday, 5 January 2021, 1:18 PM

State Finished

Completed on Tuesday, 5 January 2021, 1:23 PM

Time taken 5 mins 28 secs

Grade 20.00 out of 20.00 (100%)

Question 1
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Question text
Ownership and possession of properties presented as collateral need not be verified.

Select one:

True

False

Question 2
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Question text
An appraisal of prospective borrower's ability and willingness to repay a loan, carried out by
a credit analyst is

Select one:

a.

Credit score

b.

 Credit application
b. Credit rating
c. Credit score

c.

Credit rating
Credit score

d.

Credit investigation

Question 3
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 A property that is not owned and not possessed by the borrower is unacceptable as
collateral.

Select one:

True

False

Question 4
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Immovable properties are classified as either agricultural, residential, commercial, or
industrial.

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True

False

Question 5
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The building of the property offered for collateral has a total area of 900 sq. m. The
prevailing construction cost of the commercial building is P 12,000. What is the value of the
building?

Select one:

a.

P  8,000,000

b.

P 10,800,000

c.

 P  9,000,000

d.

P 12,000,000

Question 6
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Question text
 The following items enumerated below are instances of fraud, except

Select one:

a.

Spurious titles

b.

Property claims on government land

c.

 Land with torrens title

d.

 Mortgaging a title that does not belong to the borrower

Question 7
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Spurious titles of property can be accepted as collateral to obtain credit.

Select one:

True

False
Question 8
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 In the appraisal of machinery and equipment, the original invoice or historical cost is
considered in determining the appraised value of this method.

Select one:

a.

 Percentage of acquisition cost

b.

Replacement cost

c.

Zonal valuation

d.

Market value

Question 9
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The goal of the investigation is to obtain factual and accurate information that will lead to
an appropriate credit decision. 

Select one:

True

False

Question 10
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Question text
In the appraisal of machinery and equipment, the original invoice or historical cost is
considered in determining the appraised value in this method.

Select one:

a.

Market value

b.

Zonal valuation
 c.

Replacement cost

d.

Percentage of acquisition cost

Question 11
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 I.  Credit investigators are responsible for      performing credit analysis of clients
  II. Credit investigators work for bank, credit management companies, trading organizations
granting credit

Select one:

a.

Only second statement is true

b.

Only first statement is true

c.

Both statements are false

d.

Both statements are true

Question 12
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Verification of the applicant’s personal and credit reputation can be done through third-
party inquiries.

Select one:

True

False

Question 13
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It is normal for credit professionals to discuss with anybody something about discriminatory
trade practices or anything that might be construed as restraint of trade or in violation of
antitrust legislation.

Select one:

True

False
Question 14
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First Statement: Verification of the applicant’s personal and credit reputation can be done
through third-party               inquiries.
Second Statement:  Spurious titles of property can be accepted as collateral to obtain
credit.
Select one:

a.

Both statements are true

b.

Only first statement is true

c.

Only second statement is true

d.

Both statements are false

Question 15
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Question text
If the property has a zonal value of P 4,500 per square meter and has an area of 950 sq. m.,
the property has a total appraised value of

Select one:

a.

P 4,050,000

b.

P 4,500,000

c.

P 4,275,000

d.

P 3,000,000

Question 16
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Movable machinery and equipment are those that cannot be uprooted or removed without
defacing or destroying the property.

Select one:

True

False
Question 17
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Question text
 A credit investigation is made up of
I. Personal interview with the applicant in his residence or place of business or both
II. Documentary verification
III. Inquiry from third parties
Appraise the creditors’ ability to pa

Select one:

a.

I & II only

b.

I only

c.

I, II, III & IV

d.

I, II & III only

Question 18
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Question text
They are responsible for performing credit analysis of clients.

Select one:

a.

Debtor

b.

creditor

c.

credit collector

d.

credit investigator

Question 19
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Question text
A property of appraisal is an estimate of

Select one:

a.

price 

b.

Cost

c.

collection

d.

Credit limit

Question 20
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Question text
The credit professional has an obligation to their employer and to the credit community in
general to behave professionally and to guard against violating, even unintentionally, any
laws against restraint of trade.

Select one:
True

False