1. The given statement is FALSE because the comparison can only be made it effective rate of interest term, not in direct nominal term because direct rate term will not be reflecting the frequency of compounding, and hence the compounding will be leading to higher interest rate so the consumers should not have directly selected Axis bank because it should have assisted with comparison with the effective interest rate and hence, the given statement is false.

2. TRUE- the call premium of the bond is generally greater than zero because they are reflecting that they are issued at a higher yield and non callable Bond.