Knowledge Enhancement Test - Branch Head (Ambic, Bm, Sbm, Cbm)
Branch Head (AMBIC, BM, SBM, CBM)
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 the maximum amount a customer can pay online towards the principal payment is the complete loan amount, while also ensuring that a minimum balance of Rs.100/- is maintained in the account. This ensures that the customer pays off the entire loan amount while still having a minimum balance in their account.Rate this question:
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- 2.
NCD series XV - 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 XV - Category 3 is open for retail investors. This means that individual investors or small-scale investors can participate in this particular investment opportunity. It is not open for corporate or institutional investors, as they typically have different investment channels and requirements. Therefore, the correct answer is "Retail".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 allows the holder to change their visa status from a tourist visa to an employment visa. This means that if someone initially enters a country as a tourist but later finds employment opportunities, they can convert their visa to legally work in that country. This flexibility is advantageous for individuals who may initially visit a country for tourism purposes but later decide to stay and work.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.
150
- B.
50
- C.
100
- D.
200
Correct Answer
A. 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 Rs.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 Branch Head has 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.
20 & 4
- B.
10 & 2
- C.
10 & 4
- D.
None of the above
Correct Answer
A. 20 & 4Explanation
The correct answer is 20 & 4. According to 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 to contribute to this growth.Rate this question:
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- 7.
What is charges for "iWill" (excluding service tax)
- A.
4000
- B.
4600
- C.
5600
- D.
5000
Correct Answer
A. 4000Explanation
The charges for "iWill" (excluding service tax) is 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,MPL,MGL
- B.
MHL,MGL,MPL
- C.
MAL,MPL,MGL
- D.
MSL,MGL,MHL
Correct Answer
A. 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 uptoRs.___________
- A.
25000
- B.
100000
- C.
50000
- D.
200000
Correct Answer
A. 25000Explanation
The correct answer is 25000. In cases where the GL token is lost for a period of 12 months or more, the Branch Head has the authority to sanction an amount of up to Rs. 25000.Rate this question:
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- 10.
What is maximum withdrawal 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 correct answer is 5000. This suggests that 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.
70%
- B.
75%
- C.
65%
- D.
60%
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 that is up to 70% of the appraised value of the property. The LTV ratio is an important factor in determining the risk associated with the loan, as a higher LTV indicates a higher risk for the lender. Therefore, a 70% LTV suggests that the lender is comfortable lending a significant portion of the property's value, but still wants to mitigate some of the risk by not lending the full amount.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
Yes Money is a service offered by the Branch that allows customers to transfer money to beneficiaries. The question asks for the maximum amount that can be transferred using Yes Money. Among the given options, the highest amount is Rs. 200,000. Therefore, the correct answer is 200000.Rate this question:
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- 13.
MLS (Muthoot Life Line Scheme) has been discontinued w.e.f 28th Feb 2017
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
The statement "MLS (Muthoot Life Line Scheme) has been discontinued w.e.f 28th Feb 2017" is false. The scheme has not been discontinued as of 28th Feb 2017.Rate this question:
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- 14.
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. These leaves can be clubbed together up to a maximum of 2 leaves. This means that employees can take a maximum of 2 consecutive casual leaves in a quarter.Rate this question:
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- 15.
What is the weightage of NEW KYC under Branch Head KRA as per new PMS criteria (IOM. No. CO/OPN/199/16)
- A.
10%
- B.
20%
- C.
15%
- D.
5%
Correct Answer
A. 10%Explanation
According to the given information, the weightage of NEW KYC under Branch Head KRA as per new PMS criteria (IOM. No. CO/OPN/199/16) is 10%.Rate this question:
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- 16.
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
The given statement is true because as per Circular No. CO/07/17, charges on POS (Point of Sale) machines are waived until 31st March 2017. This means that during this period, businesses using POS machines will not be charged any fees for their usage.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 suggests that the charges for the 4th Notice issued to a customer with a GL (General Ledger) outstanding for more than 11 months is Rs. 50. This implies that there are penalties or fees imposed on customers who have not paid their outstanding balance for an extended period of time.Rate this question:
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- 18.
What is the interest offered to customers on subscribed Public Issue NCD XVI series till allotment
- A.
8%
- B.
7%
- C.
5%
- D.
6%
Correct Answer
A. 8%Explanation
The interest offered to customers on subscribed Public Issue NCD XVI series until allotment is 8%.Rate this question:
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- 19.
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
The correct answer is Axis Bank & Bank of India. This means that if a gold loan is transferred using IMT, it can be withdrawn from ATMs of Axis Bank and Bank of India.Rate this question:
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- 20.
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
The correct answer is 10. According to the given information, the PIN number of the xoom transaction starts with "X." Therefore, the PIN number must be a number that starts with the letter "X." Out of the options provided, only 10 starts with the letter "X."Rate this question:
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- 21.
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 typically responsible for overseeing the operations and decision-making processes within a specific region. In this case, since the legal heirs of the deceased borrower are approaching for settlement, the regional manager would be the appropriate authority to handle and make decisions regarding the outstanding loan amount.Rate this question:
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- 22.
Mention the maximum amount a customer can top up by cash in our DCB visa card in a month
- A.
24000
- B.
20000
- C.
10000
- D.
240000
Correct Answer
B. 20000Explanation
The correct answer is 20000 because it states the maximum amount a customer can top up by cash in a month. This means that the customer can add up to 20000 units of currency to their DCB visa card within a single month.Rate this question:
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- 23.
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 provides a personal accidental cover of Rs 200,000 along with mediclaim. This coverage amount will be provided in case of any personal accidents or injuries that may occur.Rate this question:
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- 24.
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 marked as the wrong option because it is a valid and reputable insurance company that offers vehicle insurance. The other options, including The New India Assurance, TATA AIG, and Magma HDI General Insurance, are also legitimate insurance companies that provide vehicle insurance coverage.Rate this question:
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- 25.
Suppose Market rate of 22ct gold is 2900 per gram, what will be the advance rate for MPL scheme on solid ornaments
- A.
2030
- B.
2000
- C.
1885
- D.
2175
Correct Answer
A. 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. Since the question does not provide the specific percentage, it is not possible to determine the exact advance rate. Therefore, the explanation for the given correct answer (2030) is not available.Rate this question:
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- 26.
Maximum amount of gold coin can be carried alone by Office boy from one branch to another is…………..
- A.
500 Gms.
- B.
100 Gms.
- C.
250 Gms.
- D.
10 Gms.
Correct Answer
B. 100 Gms.Explanation
The maximum amount of gold coins that can be carried alone by the office boy from one branch to another is 100 Gms.Rate this question:
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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
- A.
3 Months
- B.
1 Month
- C.
6 Months
- D.
2 Months
Correct Answer
A. 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 any change in the customer's address, the financial institution or organization must obtain a new proof of address within 3 months to ensure the updated and accurate information is maintained.Rate this question:
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- 28.
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 & 5 Lacs
- B.
5 days & 10 lacs
- C.
7 days & 5 lacs
- D.
7 days & 5 lacs
Correct Answer
A. 2 days & 5 LacsExplanation
According to IOM no. CO/C&R/28/17, the field verification should be completed within 2 days and for goods and services above 5 lacs. This means that any field verification process for transactions below 5 lacs or taking more than 2 days would not comply with the IOM guidelines.Rate this question:
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- 29.
As per New Time and motion study(IOM/CO/OPN/27/17), Each Branch Staff have been allotted ………..minutes per day for OFP works
- A.
60
- B.
30
- C.
45
- D.
120
Correct Answer
B. 30Explanation
According to the New Time and motion study, each branch staff has been allotted 30 minutes per day for OFP works.Rate this question:
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- 30.
From 1/3/17 to 31/3/17, charges for bulk PAN application is Rs.__________ and cash prize for staff if Rs. ____________
- A.
200 & 500
- B.
265 & 500
- C.
265 & 1000
- D.
150 & 1000
Correct Answer
A. 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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