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MLO Test Practice Questions with Complete Solutions | A+ Grade

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1. Included in the Loan Estimate, all of the following are part of the finance charge except the: (A) appraisal cost. (B) VA funding fee. (C) per diem interest. (D) origination charges - A) appraisal cost. 2. A buyer has made an earnest money payment of $5,000. The buyer pays an additional $2,000 in option money to be credited at closing on a property with a sale price of $160,000. If the required down payment is 20%, how much additional money will the buyer need to provide toward the dow...

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MLO TEST| 998 Questions with Complete Solutions | A+ Grade

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1.The practice of getting people to sell their homes at bargain prices by suggesting that certain ethnic groups are going to move into the area is nicknamed: 1.Price fixing 2.Redlining 3.Steering 4.Blockbusting - Correct Choice:4 2.You and the borrower believe an Adjustable Rate Mortgage would be best for the borrower. What is the name of the booklet you are required to give? 1.CHARM Booklet 2.ARM Disclosure 3.Fair Lending Practices Booklet 4.RESPA Booklet - Correct Choice:1 3.How many d...

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Millwright Level 2 – Bearings Exam |67 Questions with 100% Correct Answers | Updated & Verified | 2024

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What are the principle parts of a friction bearing housing? Base, Base bolt slots, cap and cap bolt holes. What are friction bearing housings made from adn what factors influence the choice of housing? Cast Iron, Cast Steel, Fabricated Steel. Choice depends on the Load, The Rotational Speed, the Direction of Pull and the Support Design How are friction bearing dimensions expressed? In a fraction of their nominal size. Do all new bearings of the same shaft size have the same base-to-eye mea...

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Millwright level one exam | Questions with 100% Correct Answers | Updated & Verified | 2024

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NCCER was created to Award a college degree for completion of the NCCER Standardized Curricula The purpose of NCCER's Registry is to. Provide industry-wide credential and assure national portability of skills. Two of the more important traits of the professional Millwright are. Honesty and integrity The key to improve your performance at the job site and getting higher wages is. Setting goals and working toward them The best way to deal with unsafe condition on the job is. report them to ...

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Millwright level one Exam | Questions with 100% Correct Answers | Updated & Verified | 2024

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which of the following tools would be used on a polished steel assembly. strap wrench The type of wrench designed for use on a specific part is the ______ wrench. Spanner what kind of tool do you use for packing. Packing gauge Can you use a Tubing Cutters tool to cut steel pipe too. False A honing stone is used to. Sharpen Tools The tool used to line up holes in flanges is a. Drift pin The primary purpose for a mallet is to drive nails false The Handel of an aviation snip used to cut to t...

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Millwright Power Transmission Exam |44 Questions with 100% Correct Answers | Updated & Verified | 2024

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Advantage of using a chain coupling is that they A. Are easy to disconnect B. Are non-lubricating C. High vibration dampening capabilities D. All the above A. Are easy to connect A coupling that could be used for high torque or power application is the A. Sleeve coupling B. Roller chain coupling C. Flexible metal disc coupling D. Jaw and spider coupling C. Flexible metal disc coupling A belt has a number on it that reads 2322V721. The first two digits 23 represent A. Manufacturers cod...

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Millwright Questions with 100% Correct Answers | Updated & Verified | 2024

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Auxiliary View view where a slanted surface is projected to a plane that is parrallel to the surface perspective, oblique, isometric 3 types of sketches Oblique Front face is of an object is drawn the same way as the front view of an orthographic Oblique depth is shown by parallel lines drawn at an angle going away from the front face Oblique the angle of the parallel lines is normally 30 degrees and 45 degrees from the horizontal Isometric Most widely used from of pictorial drawing

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Millwright Quiz | Questions with 100% Correct Answers | Updated & Verified | 2024

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A ______ conveys a liquid. Pump What are the two main categories of pumps? Centrifugal and positive displacement Pumps at a constant capacity regardless of pressure. Positive displacement Which pump does not see a decrease in flow with an increase in viscosity? Positive displacement Name three designs of pump impellers. Open, semi-closed, closed

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Millwright Rigging & Lifting Exam | 65 Questions with 100% Correct Answers | Updated & Verified | 2024

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The breaking strength of rope is a. force needed to pull rope b. force needed to tear rope c. force needed to break the rope d. force needed to stretch rope c. force needed to break the rope Traction grade wire rope has a breaking load of __________ tons per square inch a. 110-190 b. 50-60 c. 45-90 d. 80-90 d. 80-90 Special improved plow grade wire rope has a breaking load of _________ tons per square inch a. 120-130 b. 50-60 c. 45-90 d. 80-90 a. 120-130 A core is built into a wir...

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Millwright study set |Questions with 100% Correct Answers | Updated & Verified | 2024

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What is the biggest causes of injuries on the job Carelessness or horseplay Rags used to clean up solvents and oils must be disposed of in: An "Approved metal container" All personal protective equipment (PPE) must be: CSA Aproved A green tag on boots indicates that: The boots are CSA aprroved People that are the persons who have locks on a locked out piece of equipment are known as: Authorized people Double insulated tools are: Some hand-held tools which have an insulated handle or hous...

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