Mahindra Rural Housing Finance Interview Questions, Process, and Tips

I.C. engine stands for Internal Combustion engine.

• I.C. engine is a heat engine that converts chemical energy into mechanical energy.

• It is used in automobiles, motorcycles, and other vehicles.

• It works by burning fuel inside a combustion chamber to create high-pressure gases that push a piston.

• Examples of I.C. engines include gasoline engines, diesel engines, and rotary engines.

E.C. engines are generally more efficient than I.C. engines.

• E.C. engines convert more energy into motion than I.C. engines.

• E.C. engines have fewer moving parts, reducing energy loss due to friction.

• I.C. engines waste energy through heat and exhaust, while E.C. engines are more environmentally friendly.

• Examples of E.C. engines include electric cars and trains, while I.C. engines are found in traditional gasoline-powered

The statement is unclear and needs clarification.

• The question needs to be rephrased for better understanding.

• It is unclear what 'confeda' means in this context.

• More information is needed about the borrower's creditworthiness and repayment history.

• The loan officer should assess the borrower's ability to repay the loan based on their income and expenses.

• The loan officer should also consider the risks associated with lend

KYC stands for Know Your Customer. It is a process of verifying the identity of customers to prevent fraud and money laundering.

• KYC is mandatory for financial institutions to comply with regulations.

• It involves collecting and verifying personal information such as name, address, and identification documents.

• KYC also includes assessing the risk of doing business with a customer.

• The process can be done in-person or onlin...read more

The loan process involves several steps from application to disbursement.

• The borrower submits a loan application with necessary documents.

• The lender evaluates the borrower's creditworthiness and financial history.

• The lender approves or denies the loan application.

• If approved, the borrower signs a loan agreement and receives the funds.

• The borrower repays the loan with interest over a set period of time.