Knowledge Enhancement Test- Bm/Am-bic
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Questions and Answers
- 1.
The maximum amount a customer can pay online towards principle payment is _____________.
- A.
Rs.1000/-
- B.
Any amount exceeding current month’s interest
- C.
Complete Loan Amount
- D.
Complete Loan amount keeping minimum balance of Rs.100/-
Correct Answer
D. Complete Loan amount keeping minimum balance of Rs.100/-Explanation
The correct answer is "Complete Loan amount keeping minimum balance of Rs.100/-". This means that a customer can pay the entire loan amount online, but they must keep a minimum balance of Rs.100/- in their account. This ensures that they have enough funds to cover any additional charges or fees that may arise.Rate this question:
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- 2.
NCD series XVI - Category 3 is open for which type of investors ?
- A.
Retail
- B.
Corporate
- C.
Institutional
- D.
None of the above
Correct Answer
A. RetailExplanation
NCD series XVI - Category 3 is open for retail investors. This means that individual investors can participate in this series. Corporate and institutional investors are not eligible to invest in this particular category.Rate this question:
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- 3.
What is a convertible visa?
- A.
Which can be used for travelling in multiple countries
- B.
If the visa validity period can be extended to further
- C.
Which can be converted from tourist visa to employment visa
- D.
None of the above
Correct Answer
C. Which can be converted from tourist visa to employment visaExplanation
A convertible visa refers to a type of visa that can be changed or converted from a tourist visa to an employment visa. This means that individuals who initially enter a country as tourists can later convert their visa status to become eligible for employment in that country. This option provides flexibility for travelers who may decide to seek employment opportunities after their arrival in a foreign country.Rate this question:
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- 4.
How much charges to be collected from a customer for DMT (Domestic Money Transfer) of Rs.10000/- using Muthoot Money ?
- A.
200
- B.
100
- C.
50
- D.
150
Correct Answer
D. 150Explanation
The correct answer is 150. This suggests that the charges to be collected from a customer for a Domestic Money Transfer (DMT) of Rs.10000/- using Muthoot Money is 150.Rate this question:
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- 5.
How many call has to be made by Branch Head weekly for NEW KYC and WIN BACK as per IOM No. CO/OPN/45/17 ?
- A.
30
- B.
20
- C.
10
- D.
50
Correct Answer
A. 30Explanation
The correct answer is 30. This suggests that the Branch Head needs to make 30 calls weekly for NEW KYC and WIN BACK as per IOM No. CO/OPN/45/17.Rate this question:
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- 6.
As per IOM No. CO/OPN/45/17 Branch Head should visit ________ prospective customers weekly and convert _________ customers weekly (for overall GL growth).
- A.
None of the above
- B.
10 & 4
- C.
10 & 2
- D.
20 & 4
Correct Answer
D. 20 & 4Explanation
The correct answer is 20 & 4. The explanation for this answer is that as per IOM No. CO/OPN/45/17, the Branch Head should visit 20 prospective customers weekly in order to generate growth in the overall GL. Additionally, the Branch Head should aim to convert 4 customers weekly in order to achieve this growth.Rate this question:
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- 7.
What is charge for "iWill" (excluding service tax)?
- A.
Rs.4000
- B.
Rs.4600
- C.
Rs.5600
- D.
Rs.5000
Correct Answer
A. Rs.4000Explanation
The charge for "iWill" (excluding service tax) is Rs.4000.Rate this question:
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- 8.
Which are the Gold Loan schemes in which customer gets 2% Rebate on interest (if paid monthly) ?
- A.
MSL,MGL,MHL
- B.
MHL,MGL,MPL
- C.
MSL,MPL,MGL
- D.
MAL,MPL,MGL
Correct Answer
C. MSL,MPL,MGLExplanation
The correct answer is MSL, MPL, MGL. These schemes offer a 2% rebate on interest if the customer pays monthly.Rate this question:
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- 9.
In case of GL token lost cases (12 months & above), Branch Head can sanction - amount upto Rs.___________?
- A.
100000
- B.
25000
- C.
50000
- D.
200000
Correct Answer
B. 25000Explanation
The Branch Head can sanction an amount up to Rs. 25,000 in case of GL token lost cases that have been ongoing for 12 months or more.Rate this question:
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- 10.
What is maximum withdrawl amount in Muthoot DCB Visa Card in a day from our branches ?
- A.
10000
- B.
5000
- C.
20000
- D.
None of the above
Correct Answer
B. 5000Explanation
The maximum withdrawal amount in Muthoot DCB Visa Card in a day from their branches is 5000.Rate this question:
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- 11.
What is maximum LTV (Loan to Value) for MOS ?
- A.
60%
- B.
65%
- C.
75%
- D.
70%
Correct Answer
D. 70%Explanation
The maximum Loan to Value (LTV) for MOS is 70%. This means that the lender is willing to provide a loan up to 70% of the appraised value of the property. This limit is set to mitigate the risk for the lender in case the borrower defaults on the loan, as the property serves as collateral. By limiting the LTV to 70%, the lender ensures that there is a significant equity cushion in the property, reducing the likelihood of losses in case of foreclosure.Rate this question:
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- 12.
Maximum amount of Rs._____________ can be transferred to beneficiary using Yes Money from our Branch.
- A.
25000
- B.
20000
- C.
200000
- D.
100000
Correct Answer
C. 200000Explanation
The maximum amount that can be transferred to a beneficiary using Yes Money from our Branch is Rs. 200,000.Rate this question:
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- 13.
What is the name of the Registrar who is handling NCD for Muthoot Finance Ltd?
- A.
Registrar of Companies
- B.
RCMC Share Registry (P) Ltd.
- C.
Link In Time India Pvt. Ltd.
- D.
Muthoot Securities Trading Ltd.
Correct Answer
C. Link In Time India Pvt. Ltd.Explanation
The correct answer is Link In Time India Pvt. Ltd. This is because Link In Time India Pvt. Ltd. is mentioned as the Registrar who is handling NCD for Muthoot Finance Ltd.Rate this question:
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- 14.
MLS (Muthoot Life Line Scheme) has been discontinued w.e.f 28th Feb 2017
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
The statement is false because the MLS (Muthoot Life Line Scheme) has been discontinued as of 28th February 2017.Rate this question:
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- 15.
How many casual leave in a quarter are applicable to employees & how many casual leave can be clubbed together ?
- A.
3 & 1
- B.
3 & 2
- C.
2 & 3
- D.
1 & 2
Correct Answer
B. 3 & 2Explanation
Employees are eligible for 3 casual leaves in a quarter. Additionally, they can club together a maximum of 2 casual leaves.Rate this question:
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- 16.
What is the weightage of NEW KYC under Branch Head KRA as per new PMS criteria (IOM. No. CO/OPN/199/16) ?
- A.
5%
- B.
10%
- C.
20%
- D.
15%
Correct Answer
B. 10%Explanation
According to the given information, the weightage of NEW KYC under Branch Head KRA as per the new PMS criteria (IOM. No. CO/OPN/199/16) is 10%.Rate this question:
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- 17.
Rs._________ is the charges for 4th Notice issued to customer having GL outstanding more than 11 months.
- A.
50
- B.
23
- C.
15
- D.
7
Correct Answer
A. 50Explanation
The correct answer is 50. This indicates that the charges for the 4th notice issued to a customer with a GL (General Ledger) outstanding for more than 11 months is 50 rupees.Rate this question:
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- 18.
As per Cir. No. CO/07/17 charges on POS machine stands waived till 31st March 2017.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
According to Circular No. CO/07/17, charges on POS machines are waived until 31st March 2017. This means that during this period, there will be no fees or charges associated with using POS machines. Therefore, the statement "charges on POS machine stands waived till 31st March 2017" is true.Rate this question:
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- 19.
What is the interest offered to customers on subscribed Public Issue NCD XVI series till allotment ?
- A.
6%
- B.
5%
- C.
8%
- D.
7%
Correct Answer
C. 8%Explanation
The interest offered to customers on the subscribed Public Issue NCD XVI series until allotment is 8%.Rate this question:
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- 20.
Gold Loan Transferred using IMT (Instant Money Transfer) can be withdrawn from which bank ATMs ?
- A.
Axis Bank & Union Bank of India
- B.
HDFC Bank & ICICI Bank
- C.
Axis Bank & Bank of India
- D.
SBI & Union Bank of India
Correct Answer
C. Axis Bank & Bank of IndiaExplanation
Gold Loan transferred using IMT can be withdrawn from Axis Bank and Bank of India ATMs.Rate this question:
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- 21.
As per IOM No. CO/MT/31/17 PIN no. of XOOM transaction is ______ (numbers) starting with "X"
- A.
10
- B.
7
- C.
16
- D.
12
Correct Answer
A. 10Explanation
According to the given IOM No. CO/MT/31/17, the PIN number of XOOM transaction starts with "X". Among the options provided, only option 10 starts with "X". Therefore, option 10 is the correct answer.Rate this question:
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- 22.
Legal heirs of a deceased borrower whose GL outstanding is 12 lacs approaching for settlement, who is the sanctioning authority?
- A.
Regional Manager
- B.
Regional Audit Manager
- C.
Credit Dept. CO(N) or South
- D.
Assistant Regional Manager
Correct Answer
A. Regional ManagerExplanation
The correct answer is Regional Manager. The regional manager is the authority responsible for sanctioning settlements for legal heirs of a deceased borrower with a GL outstanding of 12 lacs. They have the authority to make decisions regarding settlements and handle the necessary paperwork and processes involved in settling the borrower's outstanding amount.Rate this question:
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- 23.
Mention the maximum amount a customer can top up by cash in our DCB visa card in a month?
- A.
24000
- B.
10000
- C.
20000
- D.
240000
Correct Answer
C. 20000Explanation
The maximum amount a customer can top up by cash in our DCB visa card in a month is 20000.Rate this question:
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- 24.
Our Health Care-Max Bupa policy covers personal accidental cover of Rs………. Along with mediclaim ?
- A.
200000
- B.
250000
- C.
400000
- D.
500000
Correct Answer
A. 200000Explanation
The correct answer is 200000. This means that the Health Care-Max Bupa policy covers a personal accidental cover of Rs 200,000 along with mediclaim.Rate this question:
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- 25.
Mark out the wrong one from the following insurance companies for vehicle insurance.
- A.
Oriental insurance
- B.
The New India Assurance
- C.
TATA AIG
- D.
Magma HDI General Insurance
Correct Answer
A. Oriental insuranceExplanation
Oriental insurance is the wrong one from the given options for vehicle insurance. This is because Oriental insurance does not offer vehicle insurance coverage.Rate this question:
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- 26.
Suppose Market rate of 22ct gold is 2900 per gram, what will be the advance rate for MPL scheme on solid ornaments?
- A.
2175
- B.
1885
- C.
2030
- D.
2000
Correct Answer
C. 2030Explanation
The advance rate for the MPL scheme on solid ornaments can be calculated by multiplying the market rate of 22ct gold by a certain percentage. In this case, the advance rate is 70% of the market rate. Therefore, the advance rate would be 0.7 * 2900 = 2030.Rate this question:
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- 27.
Maximum amount of gold coin can be carried alone by Office boy from one branch to another is…………..?
- A.
10gm
- B.
250gm
- C.
100gm
- D.
500gm
Correct Answer
C. 100gmExplanation
The maximum amount of gold coins that can be carried alone by the office boy from one branch to another is 100gm. This means that the office boy can carry up to 100gm of gold coins without any assistance or help.Rate this question:
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- 28.
As per revised KYC norms, if there is any change in the address, mentioned as per ‘proof of address’, fresh proof of address shall be obtained within a period of ……………..months?
- A.
2 months
- B.
3 months
- C.
1 month
- D.
6 months
Correct Answer
B. 3 monthsExplanation
As per the revised KYC norms, if there is any change in the address mentioned as per the proof of address, fresh proof of address shall be obtained within a period of 3 months. This means that if there is a change in the customer's address, the financial institution or organization must obtain a new proof of address document from the customer within 3 months of the change. This is done to ensure that the customer's updated address is properly recorded and verified for compliance and security purposes.Rate this question:
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- 29.
As per IOM no. CO/C&R/28/17, Field Verification should be done with in ………….days and on GL above ……..lacs.
- A.
2 days & 10 lacs
- B.
7 days & 5 lacs
- C.
5 days & 10 lacs
- D.
2 days & 5 Lacs
Correct Answer
D. 2 days & 5 Lacs -
- 30.
From 1/3/17 to 31/3/17, charges for bulk PAN application is Rs.__________ and cash prize for staff if Rs. ____________.
- A.
150 & 1000
- B.
200 & 500
- C.
265 & 500
- D.
265 & 1000
Correct Answer
B. 200 & 500Explanation
During the period from 1/3/17 to 31/3/17, the charges for bulk PAN application were Rs. 200 and the cash prize for staff was Rs. 500.Rate this question:
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Current Version
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Aug 24, 2023Quiz Edited by
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Mar 10, 2017Quiz Created by
Mftrainingkol
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