31. What is the purpose of loan refinancing in lending operations?
a) To extend the loan repayment term
b) To reduce the interest rate on the loan
c) To increase the loan amount
d) To evaluate the borrower’s creditworthiness
32. Which of the following is a type of specialized lending operation?
a) Personal loans
b) Corporate loans
c) Agricultural loans
d) Home equity loans
33. What is the purpose of loan restructuring in lending operations?
a) To evaluate the loan applications
b) To determine the loan amount
c) To set the repayment terms
d) To modify the loan terms and conditions
34. Which of the following is a characteristic of online peer-to-peer lending operations?
a) Limited risk exposure for lenders
b) Higher interest rates for borrowers
c) Limited access to credit for borrowers
d) Reduced regulatory compliance
35. What is the role of loan origination in lending operations?
a) To evaluate the borrower’s creditworthiness
b) To set the interest rate on the loan
c) To assess the collateral value
d) To initiate the loan application process
