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  • Question
  • When referring to student loans what is a grace period?


  • Options
  • A. 6 months
  • B. 12 months
  • C. 18 months
  • D. 24 months

  • Correct Answer
  • 6 months 

    Explanation

    6 months after graduating or quitting school when you have to start paying back the loans.

     

    A grace period is one term that?s provided for student loans that allow you to delay payments up to a certain length of time, without penalty. During a grace period no late charges would apply, and the loan would not risk falling into default for missed payments. The grace period allows you time to find financial stability prior to having to make payments on your student loans.

     

    Many students use student loans to help pay for their college expenses, including tuition, books, room and board, and other living expenses. Students are expected to repay these loans when they graduate.

  • Tags: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO

    Accounting and Finance problems


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    • 1. As per the provisions of Section 12 of the Banking Regulation Act, 1949, the minimum ratio between authorized, subscribed and paid-up capital of a banking company should be

    • Options
    • A. 2 : 2 : 1
    • B. 4 : 2 : 1
    • C. 2 : 1 : 4
    • D. 1 : 1 : 1
    • Discuss
    • 2. In which year, the first bank of India "Bank of Hindustan" was established ?

    • Options
    • A. 1677
    • B. 1770
    • C. 1796
    • D. 1831
    • Discuss
    • 3. Define Budgetary Control ?
    • Discuss
    • 4. Most modern Banking Systems are based on

    • Options
    • A. commodity money
    • B. 100 percent reserves
    • C. fractional reserves
    • D. money of intrinsic value
    • Discuss
    • 5. What is ?Bill Discount? ?
    • Discuss
    • 6. Tally package is developed by

    • Options
    • A. Tally Solutions
    • B. Coral Softwares
    • C. Vedika Softwares
    • D. Peutronics
    • Discuss
    • 7. Interest is usually associated with

    • Options
    • A. doubtful accounts
    • B. bad debts
    • C. accounts receivable
    • D. notes receivable
    • Discuss
    • 8. Financial statements are prepared from which trial balance?

    • Options
    • A. Unadjusted trial balance
    • B. Adjusted trial balance
    • C. Post- closing trial balance
    • D. None of the above
    • Discuss
    • 9. Foreign Exchange Rates refer to the
    • Discuss
    • 10. what is the job description of a payroll officer?
    • Discuss


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