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Reverse Mortgage Loan: Aged people above 60 years of age, make use their property to mortgage to a financial institution or a bank and in return FI/Bank will pay monthly installments to the homeowner(s) and after the demise of the senior citizen the property will be taken over by the bank and sold in order to recover their investment and the excess money is given to the legal heir of the property. However, the property owner should reside in the home that is reverse mortgaged and should pay the property taxes.
In India, RBI gives permission to an entity to act as authorized dealers (AD) in foreign exchange. Commercial Banks fall under which category of ADs?...
Which of the following ratios can help compare the operational efficiency of different entities?
The right but not the obligation to sell the underlying asset is called ________
Export/import to which of these countries cannot generally be settled through Asian Clearing Union mechanism?
Which organization has been selected as the National Monitoring and Implementing Unit (NMIU) for facilitating the implementation of the MSME Competitive...
An entrepreneur is setting up his new business. He purchases some equipment. He also takes insurance on the equipment for which the premium is paid for...
What does first ‘P’ in the security instrument PNCPS, stand for?
What is the term used to describe the issuance of securities, whether debt or equity, to a select group of investors such as banks, mutual funds, high n...
What was the revised economic growth forecast for India by the World Bank for FY 2024-25?
Which of the following can be used for risk shifting?
