Knowledge Enhancement Test- Bm/Am-bic

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| By Mftrainingkol
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Mftrainingkol
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Quizzes Created: 2 | Total Attempts: 379
| Attempts: 161
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  • 1/30 Questions

    The maximum amount a customer can pay online towards principle payment is _____________.

    • Rs.1000/-
    • Any amount exceeding current month’s interest
    • Complete Loan Amount
    • Complete Loan amount keeping minimum balance of Rs.100/-
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Knowledge Enhancement Test- Bm/Am-bic - Quiz
About This Quiz

This quiz is designed for professionals in the BM\/AM-BIC sectors, focusing on financial operations, regulations, and customer interactions.

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  • 2. 

    How many casual leave in a quarter are applicable to employees & how many casual leave can be clubbed together ?

    • 3 & 1

    • 3 & 2

    • 2 & 3

    • 1 & 2

    Correct Answer
    A. 3 & 2
    Explanation
    Employees are eligible for 3 casual leaves in a quarter. Additionally, they can club together a maximum of 2 casual leaves.

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  • 3. 

    As per Cir. No. CO/07/17 charges on POS machine stands waived till 31st March 2017.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    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.

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  • 4. 

    Rs._________ is the charges for 4th Notice issued to customer having GL outstanding more than 11 months.

    • 50

    • 23

    • 15

    • 7

    Correct Answer
    A. 50
    Explanation
    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.

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  • 5. 

    In case of GL token lost cases (12 months & above), Branch Head can sanction - amount upto Rs.___________?

    • 100000

    • 25000

    • 50000

    • 200000

    Correct Answer
    A. 25000
    Explanation
    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.

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  • 6. 

    Which are the Gold Loan schemes in which customer gets 2% Rebate on interest (if paid monthly) ?

    • MSL,MGL,MHL

    • MHL,MGL,MPL

    • MSL,MPL,MGL

    • MAL,MPL,MGL

    Correct Answer
    A. MSL,MPL,MGL
    Explanation
    The correct answer is MSL, MPL, MGL. These schemes offer a 2% rebate on interest if the customer pays monthly.

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  • 7. 

    MLS (Muthoot Life Line Scheme) has been discontinued w.e.f 28th Feb 2017

    • True

    • False

    Correct Answer
    A. False
    Explanation
    The statement is false because the MLS (Muthoot Life Line Scheme) has been discontinued as of 28th February 2017.

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  • 8. 

    Our Health Care-Max Bupa policy covers personal accidental cover of Rs………. Along with mediclaim ?

    • 200000

    • 250000

    • 400000

    • 500000

    Correct Answer
    A. 200000
    Explanation
    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.

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  • 9. 

    What is the name of the Registrar who is handling NCD for Muthoot Finance Ltd?

    • Registrar of Companies

    • RCMC Share Registry (P) Ltd.

    • Link In Time India Pvt. Ltd.

    • Muthoot Securities Trading Ltd.

    Correct Answer
    A. 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.

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  • 10. 

    How much charges to be collected from a customer for DMT (Domestic Money Transfer) of Rs.10000/- using Muthoot Money ?

    • 200

    • 100

    • 50

    • 150

    Correct Answer
    A. 150
    Explanation
    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.

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  • 11. 

    What is maximum LTV (Loan to Value) for MOS ?

    • 60%

    • 65%

    • 75%

    • 70%

    Correct Answer
    A. 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.

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  • 12. 

    What is a convertible visa?

    • Which can be used for travelling in multiple countries

    • If the visa validity period can be extended to further

    • Which can be converted from tourist visa to employment visa

    • None of the above

    Correct Answer
    A. Which can be converted from tourist visa to employment visa
    Explanation
    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.

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  • 13. 

    NCD series XVI - Category 3 is open for which type of investors ?

    • Retail

    • Corporate

    • Institutional

    • None of the above

    Correct Answer
    A. Retail
    Explanation
    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.

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  • 14. 

    Suppose Market rate of 22ct gold is 2900 per gram, what will be the advance rate for MPL scheme on solid ornaments?

    • 2175

    • 1885

    • 2030

    • 2000

    Correct Answer
    A. 2030
    Explanation
    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.

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  • 15. 

    What is maximum withdrawl amount in Muthoot DCB Visa Card in a day from our branches ?

    • 10000

    • 5000

    • 20000

    • None of the above

    Correct Answer
    A. 5000
    Explanation
    The maximum withdrawal amount in Muthoot DCB Visa Card in a day from their branches is 5000.

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  • 16. 

    As per IOM no. CO/C&R/28/17, Field Verification should be done with in ………….days and on GL above ……..lacs.

    • 2 days & 10 lacs

    • 7 days & 5 lacs

    • 5 days & 10 lacs

    • 2 days & 5 Lacs

    Correct Answer
    A. 2 days & 5 Lacs
  • 17. 

    From 1/3/17 to 31/3/17, charges for bulk PAN application is Rs.__________ and cash prize for staff if Rs. ____________.

    • 150 & 1000

    • 200 & 500

    • 265 & 500

    • 265 & 1000

    Correct Answer
    A. 200 & 500
    Explanation
    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.

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  • 18. 

    Mention the maximum amount a customer can top up by cash in our DCB visa card in a month?

    • 24000

    • 10000

    • 20000

    • 240000

    Correct Answer
    A. 20000
    Explanation
    The maximum amount a customer can top up by cash in our DCB visa card in a month is 20000.

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  • 19. 

    What is the weightage of NEW KYC under Branch Head KRA as per new PMS criteria (IOM. No. CO/OPN/199/16) ?

    • 5%

    • 10%

    • 20%

    • 15%

    Correct Answer
    A. 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%.

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  • 20. 

    As per IOM No. CO/MT/31/17 PIN no. of XOOM transaction is ______ (numbers) starting with "X"

    • 10

    • 7

    • 16

    • 12

    Correct Answer
    A. 10
    Explanation
    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.

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  • 21. 

    Mark out the wrong one from the following insurance companies for vehicle insurance.

    • Oriental insurance

    • The New India Assurance

    • TATA AIG

    • Magma HDI General Insurance

    Correct Answer
    A. Oriental insurance
    Explanation
    Oriental insurance is the wrong one from the given options for vehicle insurance. This is because Oriental insurance does not offer vehicle insurance coverage.

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  • 22. 

    As per IOM No. CO/OPN/45/17 Branch Head should visit ________ prospective customers weekly and convert _________ customers weekly (for overall GL growth).

    • None of the above

    • 10 & 4

    • 10 & 2

    • 20 & 4

    Correct Answer
    A. 20 & 4
    Explanation
    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.

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  • 23. 

    Maximum amount of gold coin can be carried alone by Office boy from one branch to another is…………..?

    • 10gm

    • 250gm

    • 100gm

    • 500gm

    Correct Answer
    A. 100gm
    Explanation
    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.

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  • 24. 

    What is the interest offered to customers on subscribed Public Issue NCD XVI series till allotment ?

    • 6%

    • 5%

    • 8%

    • 7%

    Correct Answer
    A. 8%
    Explanation
    The interest offered to customers on the subscribed Public Issue NCD XVI series until allotment is 8%.

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  • 25. 

    Maximum amount of Rs._____________ can be transferred to beneficiary using Yes Money from our Branch.

    • 25000

    • 20000

    • 200000

    • 100000

    Correct Answer
    A. 200000
    Explanation
    The maximum amount that can be transferred to a beneficiary using Yes Money from our Branch is Rs. 200,000.

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  • 26. 

    What is charge for "iWill" (excluding service tax)?

    • Rs.4000

    • Rs.4600

    • Rs.5600

    • Rs.5000

    Correct Answer
    A. Rs.4000
    Explanation
    The charge for "iWill" (excluding service tax) is Rs.4000.

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  • 27. 

    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?

    • 2 months

    • 3 months

    • 1 month

    • 6 months

    Correct Answer
    A. 3 months
    Explanation
    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.

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  • 28. 

    Gold Loan Transferred using IMT (Instant Money Transfer) can be withdrawn from which bank ATMs ?

    • Axis Bank & Union Bank of India

    • HDFC Bank & ICICI Bank

    • Axis Bank & Bank of India

    • SBI & Union Bank of India

    Correct Answer
    A. Axis Bank & Bank of India
    Explanation
    Gold Loan transferred using IMT can be withdrawn from Axis Bank and Bank of India ATMs.

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  • 29. 

    Legal heirs of a deceased borrower whose GL outstanding is 12 lacs approaching for settlement, who is the sanctioning authority?

    • Regional Manager

    • Regional Audit Manager

    • Credit Dept. CO(N) or South

    • Assistant Regional Manager

    Correct Answer
    A. Regional Manager
    Explanation
    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.

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  • 30. 

    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 ?

    • 30

    • 20

    • 10

    • 50

    Correct Answer
    A. 30
    Explanation
    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.

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Quiz Review Timeline (Updated): Aug 24, 2023 +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Aug 24, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Mar 10, 2017
    Quiz Created by
    Mftrainingkol
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