28) Expand the term EMI as used in banking/finance sector?

Easy Monthly Instalment

Equal Monthly Investment

Equated Monthly Instalment

Equated Mortgage Investment

Answer is:

Equated Monthly Instalment

Reserve Bank of India

Government Of India

State Bank of India

Securities and Exchange Board of India

Answer is:

Home loans

Personal loans

Auto loans

Reverse mortgage loans

Answer is:

Money

Marginal

Message

Mobile Phone

Answer is:

It is a mortgage crisis referring to credit default by the borrowers.

Sub-Prime borrowers were those borrowers who were rated low and were high risk borrowers

This crisis originated because of negligence in credit rating of the borrowers.

All 1, 2, and 3

Answer is: