Mortgage Backed Securities MCQs with Answers PDF Download – Test 18

MCQ 86: The ownership of mortgaged property will be transferred to financial institution if the:

1. borrower defaults
2. borrower does not default
3. borrower want less rate
4. borrower want profit

MCQ 87: For a particular security transaction, the agreement is 'repo' with the point of view of:

1. security seller
2. security buyer
3. security function
4. security function

MCQ 88: The debentures that are considered as junior bonds as compared to debentures and mortgage bonds are classified as:

1. subordinated debentures
2. ordinate debentures
3. expansion debentures
4. premium debentures

MCQ 89: For a foreign exchange of specific currency, the non-hedged position is classified as:

1. open position
2. close position
3. currency long position
4. currency short position

MCQ 90: The position which came in to existence because of holding assets less than liabilities is considered as:

1. net surplus in assets
2. net surplus in liabilities
3. net long in currency
4. net short in currency