Check Your Financial Industry IQ With This Quiz!

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| By Ascv

Ascv

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Quizzes Created: 1 | Total Attempts: 118

Questions: 10 | Attempts: 118 | Updated: Mar 21, 2023

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Check Your Financial Industry IQ With This Quiz! - Quiz

There are various obligations to the work culture of a financial company. Even a slight glitch in following the laid down procedures and norms can cause a large financial blunder at the expense of an organization. Here, a set of questions will test your knowledge concerning the operations of the financial industry. So, without any further ado, check your financial industry IQ.

Questions and Answers

1.

What is the payment TAT for Axis Bank?
- A.
  
  24 hrs
- B.
  
  2-4 days
- C.
  
  24 days
- D.
  
  2-4 hrs
Correct Answer
A. 24 hrs

Explanation
The correct answer is 24 hrs. This means that the payment Turnaround Time (TAT) for Axis Bank is 24 hours. This suggests that when making a payment through Axis Bank, it should be processed and completed within a maximum time frame of 24 hours.

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2.

What is payment TAT for CPU?
- A.
  
  48 hrs
- B.
  
  24 working hrs
- C.
  
  24 hrs
- D.
  
  48 working hrs
Correct Answer
D. 48 working hrs

Explanation
The payment TAT for CPU is 48 working hours. This means that it will take a maximum of 48 working hours for the payment to be processed and completed. Working hours typically refer to the hours during which the organization or institution is open and operational, excluding weekends and public holidays. Therefore, the payment for CPU will be processed within two working days, considering a standard 8-hour workday.

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3.

Where do we check payment agreement in Loxon?
- A.
  
  Contract-payment agreement
- B.
  
  Contract-financial data-payment agreement
- C.
  
  General information-life time history-payment agreement
- D.
  
  General information-classification data-payment agreement
Correct Answer
A. Contract-payment agreement

Explanation
In Loxon, the payment agreement can be checked under the "Contract-payment agreement" section. This section specifically deals with the financial aspects of the contract, including the agreed-upon payment terms and conditions. It provides detailed information about the payment schedule, due dates, and any penalties or fees associated with late or missed payments. By accessing this section, users can easily review and track the payment agreement for a particular contract in Loxon.

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4.

Which mandate details need to be captured in Fake Contact scenario?
- A.
  
  Register name of sim ,mobile number using from ,location of sim ,contacted person name , mobile no.
- B.
  
  Register name of sim,contacted person name,mobile no,location of sim
- C.
  
  Mobile number using from ,location of sim ,contacted person name , mobile no.
- D.
  
  All of the above
Correct Answer
A. Register name of sim ,mobile number using from ,location of sim ,contacted person name , mobile no.

Explanation
In a Fake Contact scenario, it is important to capture the details of the registered name of the sim, the mobile number used, the location of the sim, the contacted person's name, and their mobile number. This information is necessary to investigate and track any fraudulent or suspicious activities related to fake contacts.

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5.

Is it mandatory to check historical notes?
- A.
  
  Yes
- B.
  
  No
Correct Answer
A. Yes

Explanation
It is necessary to check historical notes because they provide important information about past events, actions, and decisions that can help in understanding the present situation. Historical notes offer insights into the context, motivations, and consequences of past actions, which can be valuable for making informed decisions and avoiding past mistakes. By examining historical notes, one can gain a deeper understanding of the subject matter and make more informed choices based on lessons learned from the past.

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6.

Can we check payment agreement on every RPC connected call?
- A.
  
  Yes
- B.
  
  No
Correct Answer
A. Yes

Explanation
Payment agreements can be checked on every RPC (Remote Procedure Call) connected call. This means that whenever a remote procedure is called, the payment agreement can be verified to ensure that the payment terms and conditions are met before proceeding with the call. This helps in maintaining the integrity of the payment system and ensures that the agreed-upon payment terms are followed consistently.

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7.

What is the full form of PTP?
- A.
  
  Promise to past
- B.
  
  Promise to pay
- C.
  
  Perfect to pickup
- D.
  
  Promise to payment
Correct Answer
B. Promise to pay

Explanation
The correct answer is "Promise to pay." PTP stands for "Promise to pay," which refers to a commitment or agreement to repay a debt or fulfill a financial obligation at a later date. This term is commonly used in financial and banking contexts, such as loan agreements or credit arrangements.

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8.

If RPC call connects and said, I will convey the message to the customer and call get the disc, so what will be the disposition?
- A.
  
  General information_loan existing details
- B.
  
  TPC- Collection call reason RPC
- C.
  
  TPC- collection call reason Non- RPC
- D.
  
  Message Left
Correct Answer
A. General information_loan existing details
9.

Someone pickup the call and said hello and the call was dropped so what will be the disposition?
- A.
  
  Call disconnect RPC
- B.
  
  Call disconnected - Non RPC
- C.
  
  Silence
Correct Answer
B. Call disconnected - Non RPC

Explanation
The given correct answer is "Call disconnected - Non RPC". This means that when someone picks up the call and says hello, but the call is dropped, the disposition will be classified as "Call disconnected - Non RPC". This suggests that the call ended abruptly and unexpectedly, without any specific reason or cause mentioned.

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10.

It is mandated to tick on RTS in fake contact, RTP, waiver, death suspicious, complaint, fraud suspicious?
- A.
  
  Yes
- B.
  
  No
Correct Answer
A. Yes

Explanation
The correct answer is "Yes" because ticking on RTS (Return to Sender) in fake contact, RTP (Refused to Pay), waiver, death suspicious, complaint, and fraud suspicious cases is mandated. This means that when encountering any of these situations, it is necessary to indicate the RTS option.

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Current Version
Mar 21, 2023

Quiz Edited by
ProProfs Editorial Team
Apr 21, 2018

Quiz Created by
Ascv

Check Your Financial Industry IQ With This Quiz!

What is the payment TAT for Axis Bank?

What is payment TAT for CPU?

Where do we check payment agreement in Loxon?

Which mandate details need to be captured in Fake Contact scenario?

Is it mandatory to check historical notes?

Can we check payment agreement on every RPC connected call?

What is the full form of PTP?

If RPC call connects and said, I will convey the message to the customer and call get the disc, so what will be the disposition?

Someone pickup the call and said hello and the call was dropped so what will be the disposition?

It is mandated to tick on RTS in fake contact, RTP, waiver, death suspicious, complaint, fraud suspicious?