Knowledge Enhancement Test- Bm/Am-bic

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.

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

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.

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.

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.

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.

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

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

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.

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.

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.

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.

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.

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

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.

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

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.

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%.

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

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.

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.

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

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

The charge for "iWill" (excluding service tax) is Rs.4000.

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.

Gold Loan transferred using IMT can be withdrawn from Axis Bank and Bank of India ATMs.

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.

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.